Tashkent, Uzbekistan (UzDaily.com) -- On 19 October 2019, Global Markets named the Minister of Finance of Uzbekistan Jamshid Kuchkarov as the best Minister of Finance in the region of Central and Eastern Europe.

The awarding period was held in Washington as part of the annual meeting of the International Monetary Fund and the World Bank. On behalf of the Minister, the award was accepted by his deputy Odilbek Isakov.

According to the information of the Embassy of our country in the USA, the event was attended by over 120 representatives of foreign delegations.

Global Markets, the official publication of the annual meetings of the World Bank, the International Monetary Fund, the Asian Development Bank and the Inter-American Development Bank, notes that “after many years of restraint due to the bans that usually remained in the former Soviet republics, President-reformer Shavkat Mirziyoyev entrusted the current Minister of Finance of the Republic with managing liberalization of foreign exchange markets, easing trade restrictions and the country's debut in the international bond market. Jamshid Kuchkarov became a reliable helmsman during one of the most rapid economic liberalization programs in recent years. ”

According to Global Markets experts, a very positive element of the current reforms in Uzbekistan is the serious determination of the Government of the republic to significantly reduce the state’s participation in the national economy through an active privatization policy.

According to Global Markets, the measures taken to increase the efficiency of the country's economic model and ensure transparency of the entire system are not always popular, but the only right ones. ”

“Providing feedback and favor of the population is as important a task as maintaining fiscal and macroeconomic stability. In this regard, the observed positive trend of interaction between the Uzbek authorities and the media in order to better understand the need for reforms in the country serves as a high-quality informational support, ”the experts emphasize.

The editor-in-chief of the publication, Levis McLellan, believes that despite the ambitiousness and scale of the reforms, the country has only a small budget deficit, which gives confidence to the international investment community in the stability of financial policy.

In general, the British publication Global Markets praised the significant successes achieved in the process of liberalization of the economy of Uzbekistan, the ongoing reforms in economic life, in particular in the foreign exchange market, the tax sphere, the area of easing trade restrictions and the effective conduct of the debut issue of Eurobonds.