Speaking before the parliamentarians, the president emphasized that the current results highlight the scale of the reforms carried out in the country. Uzbekistan has confidently surpassed the $145 billion mark, reflecting the potential of society and the need to continue transformations.
Mirziyoyev also reported that the "Uzbekistan – 2030" strategy initially set a goal of $160 billion by 2030. However, in his opinion, given the current pace of reforms and business activity, this plan could be realized as early as 2026. If the republic continues to implement new technologies and prepare qualified personnel, GDP is expected to grow to $240 billion in the next five years.
The president also focused on foreign trade. Amid changes in global trade rules, Uzbekistan's exports increased by 23% and reached $33.4 billion. Additionally, the country's gold and foreign exchange reserves set a record, exceeding $60 billion for the first time, which strengthens the financial stability of the state.
Mirziyoyev also noted the influx of foreign investments, which amounted to $43.1 billion, accounting for 31.9% of GDP. He emphasized that such investments lay the foundation for the rapid modernization of the economy in the coming years.
The president of Uzbekistan also announced an upgrade of the country's sovereign credit rating from "BB-" to "BB." According to him, this will reduce borrowing costs by 1-1.5 percentage points, allowing savings of $250 to $300 million annually on servicing external debt.
In conclusion of his address, the president noted that Uzbekistan has significantly improved its position in the World Bank's technology maturity index, rising by 71 positions and entering the top 10 countries in terms of progress rates. He highlighted that the focus on technology and reforms is beginning to yield systemic results.
