Uzbekistan: Recent Economic Developments

International Monetary Fund

No 1998/116, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews economic developments in the Republic of Uzbekistan during 1992–97. It compares growth in Uzbekistan with that of other transition economies and seeks to shed light on why Uzbekistan has suffered a smaller transformational recession than other transition economies. The paper covers the existing arrangements for production and trade in agriculture, and estimates the costs for agriculture arising from state procurement and the multiple exchange rate system. The paper also traces the effects of multiple exchange rates and other quasi-fiscal operations on the economy as a whole.

Keywords: ISCR; CR; exchange rate; yield; government; market; price; foreign currency; consumer goods; central bank; curb exchange market; exchange market operation; Uzbek growth experience; Agricultural commodities; Commercial banks; Exchange rates; Imports; Baltics; Europe; Western Hemisphere; Asia and Pacific; Eastern Europe; Africa (search for similar items in EconPapers)
Pages: 133
Date: 1998-11-04
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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:1998/116

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