EBRD Updates Forecast On Uzbekistan's GDP Growth For 2023
Date
2/18/2023 1:03:24 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, February 18. European Bank
for Reconstruction and Development (EBRD) has updated the forecast
for Uzbekistan's gross domestic product (GDP) growth for 2023-2024,
trend reports via
the bank.
According to the bank, Uzbekistan's GDP will increase by 6.5
percent in 2023.
The EBRD also projects that the GDP growth rate in 2024 will
reach 7 percent.
The indicators for Uzbekistan have not changed from the EBRD's
estimations in September 2022. Turkmenistan's GDP growth is
estimated at the same level as Uzbekistan, while Tajikistan is
expected to have the highest GDP growth among the Central Asian
countries this year.
The EBRD also notes that the GDP growth in Central Asia in 2023
is expected to stand at 4.9 percent, while Kazakhstan will exhibit
the slowest growth among the Central Asian states.
Meanwhile, the current loan portfolio of the EBRD projects in
Uzbekistan is estimated at 2.2 billion euros. Bank's loan portfolio
is calculated for the implementation of 69 projects. The major part
of the investment portfolio (72 percent or 1.6 billion euros)
focuses on sustainable infrastructure, 19 percent (428 million
euros) – on financial institutions, and 9 percent (199 million
euros) – on industry, commerce, and agribusiness.
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