IMF SUPPORTING UZBEKISTAN’S REFORMS.

The International Monetary Fund has approved $259 million in credits to Uzbekistan to support the government’s economic reform program for October 1995-December 1996. The IMF had loaned $50 million last January to support the first phase of reforms, launched in late 1994. In deciding to increase crediting for the second phase, the IMF determined that the Uzbek government has been making "significant progress" in limiting inflation, liberalizing prices and the foreign exchange system, maintaining tight monetary and credit policies, and reducing administrative intervention in the economy. The IMF expects the second phase of the reforms to add momentum to these trends, accelerate privatization, liberalize foreign trade, and increase procurement prices for cotton which is still the country’s main export. (21)

1. Itar-Tass, December 19

2. Itar-Tass and Interfax, December 19

3. BBC World Service, December 20

4. Interfax, BBC World Service, December 19

5. Interfax and Reuter, December 20

6. Reuter, December 20

7. Reuter, December 20

8. Interfax, December 19

9. Itar-Tass, December 19

10. Interfax, BBC World Service, December 19

11. Interfax and Itar-Tass, December 19

12. Interfax, Reuters, December 19

13. Interfax, December 19

14. Interfax, December 19

15. BNS, December 19

16. Interfax-Ukraine, Itar-Tass, December 19

17. Interfax-Ukraine, December 15,18,19

18. Itar-Tass, December 18

19. Reuter, UPI, December 18

20. Interfax, December 18

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