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Uzbekistan embarked on an ambitious reform path in 2017, starting to liberalize its economy after years of state control. Incomes are still relatively low compared to other emerging economies. Uzbekistan entered the COVID-19 crisis with relatively strong macro-economic fundamentals
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The authorities are requesting additional interim HIPC assistance from the Fund in the amount of SDR 680,000 (Appendix I) to cover the period March 25, 2021- March 24, 2022. The interim HIPC assistance will be applied to cover 100 percent of eligible debt service to the IMF falling due over the...
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In Turkey, as in other countries, the human and economic toll of the COVID-19 pandemic has been severe. Thousands of … sharp growth rebound-set Turkey apart from its peers. Rapid monetary and credit expansion and large liquidity support meant … that Turkey was among the few countries to experience positive economic growth in 2020. But these policies also aggravated …
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undermining Turkey's hard-earned fiscal credibility. As a result, the economy faces internal and external imbalances: a positive …
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