Moody’s raises outlook – the results of reforms are becoming evident

Uzbekistan has achieved another important milestone on the international economic stage in terms of its sovereign credit rating. The globally recognized rating agency Moody’s highly evaluated the country’s economic situation and raised the credit rating outlook from “stable” to “positive.” Presidential aide Saida Mirziyoyeva commented on this on her social media page.

According to her, this decision reflects the growing international trust in the large-scale reforms and strategic programs being implemented under the leadership of President Shavkat Mirziyoyev.

“This result once again confirms that the development path chosen by our country is correct,” said Saida Mirziyoyeva.

She also emphasized that, even against the backdrop of global economic instability, Uzbekistan is being perceived as a reliable and stable partner for foreign investors. The results of reforms were also evident in the example of the IV International Investment Forum held in Tashkent.

Saida Mirziyoyeva further stated that this updated outlook represents the first stage in achieving the country’s most important economic goal by 2030—to bring Uzbekistan among the states with an international investment rating.

“To achieve this, we need a clear goal, joint action, and an increase in our economy’s competitiveness. A stable macroeconomic environment and international trust are the foundation of our current strategy,” she emphasized.

According to experts, Moody’s decision to change the outlook to positive may further activate the flow of international financial resources, investments, and loans to Uzbekistan. This, in turn, will accelerate the country’s transition to a new stage of economic growth.

Thus, the assessments and attitudes of international rating agencies are a clear confirmation of the effectiveness of the reforms being carried out in Uzbekistan and the country’s future economic growth potential.

Photo: Telegram / Saida Mirziyoyeva Read 'Zamin' on Telegram!