S&P Global Ratings has revised Uzbekistan’s outlook to positive from stable, affirming its 'BB-/B' ratings. The change reflects steady economic reforms, resilient growth, and support from high gold prices, which are helping stabilize the country’s fiscal and external positions.
S&P Global Ratings upgraded Uzbekistan’s outlook to positive, citing ongoing structural reforms, robust domestic demand, and high gold prices as key factors boosting growth and fiscal stability. The agency affirmed the country's 'BB-/B' long- and short-term sovereign credit ratings.
Uzbekistan’s economy is projected to grow by 5.6% on average through 2028, driven by government-led investment, labor remittances, and energy sector reforms. Plans to gradually increase energy tariffs and reduce subsidies are expected to lower the fiscal deficit from 4.9% of GDP in 2023 to around 3% over the medium term.
Rising gold exports are enhancing fiscal revenues and foreign exchange reserves. While public debt is increasing due to infrastructure spending, it is expected to remain manageable, reaching 34% of GDP by 2028.
However, risks remain due to centralized governance, dependence on commodity exports, and exposure to external shocks.
S&P noted that continued reforms and efforts to strengthen fiscal discipline could lead to a rating upgrade. Conversely, slower growth or rising deficits may stabilize the outlook.
Ukraine and Russia finalized a major prisoner exchange, with 303 captives returned to Ukraine on Sunday as part of a broader swap of 1,000 detainees each, agreed upon during talks in Istanbul.
Texas is poised to become the second U.S. state to implement a sweeping ban on social media use by minors, joining a growing movement among states to regulate digital access for children amid rising concerns over mental health and online safety.
Azerbaijani President Ilham Aliyev met with Ukrainian Foreign Minister Andrii Sybiha on May 25, reaffirming Baku’s continued humanitarian support and both nations’ mutual commitment to sovereignty and territorial integrity.
Indonesia and China signed four new memorandums of understanding to deepen economic cooperation across key sectors, reaffirming their commitment to free trade during Chinese Premier Li Qiang’s official visit to Jakarta.
President of Kyrgyzstan Sadyr Japarov has signed a law ratifying the 2025 Financing Framework Agreement with the Asian Development Bank (ADB), paving the way for nearly $222 million in funding for national development projects.
Ukraine and Russia finalized a major prisoner exchange, with 303 captives returned to Ukraine on Sunday as part of a broader swap of 1,000 detainees each, agreed upon during talks in Istanbul.
Texas is poised to become the second U.S. state to implement a sweeping ban on social media use by minors, joining a growing movement among states to regulate digital access for children amid rising concerns over mental health and online safety.
Azerbaijani President Ilham Aliyev met with Ukrainian Foreign Minister Andrii Sybiha on May 25, reaffirming Baku’s continued humanitarian support and both nations’ mutual commitment to sovereignty and territorial integrity.
Indonesia and China signed four new memorandums of understanding to deepen economic cooperation across key sectors, reaffirming their commitment to free trade during Chinese Premier Li Qiang’s official visit to Jakarta.
President of Kyrgyzstan Sadyr Japarov has signed a law ratifying the 2025 Financing Framework Agreement with the Asian Development Bank (ADB), paving the way for nearly $222 million in funding for national development projects.
Tensions flare in the India-France Rafale deal as France refuses to share the fighter jet’s source code, limiting India’s ability to integrate indigenous weapons and reducing its combat autonomy.
France has rejected India’s request to share source codes needed to integrate indigenous weapons into Rafale fighter jets. Despite repeated appeals, French manufacturer Dassault Aviation has refused to compromise on the issue
AnewZ takes to the streets of Yerevan and Baku to ask a simple yet deeply complex question: How do you see peace between Armenia and Azerbaijan? In the first part of our special report, we hear the hopes, doubts, and scars still shaping people’s perspectives on both sides.
Anton Kobyakov, adviser to Russian President Vladimir Putin, claimed at the St. Petersburg International Legal Forum that the USSR’s dissolution was legally invalid and that the Soviet Union still exists under constitutional law, framing the Ukraine war as an “internal process.”
Kyiv faced a large-scale Russian drone and missile assault overnight, with explosions and gunfire echoing throughout the city, forcing residents to shelter in subway stations.
Azerbaijani President Ilham Aliyev met with Ukrainian Foreign Minister Andrii Sybiha on May 25, reaffirming Baku’s continued humanitarian support and both nations’ mutual commitment to sovereignty and territorial integrity.
President of Kyrgyzstan Sadyr Japarov has signed a law ratifying the 2025 Financing Framework Agreement with the Asian Development Bank (ADB), paving the way for nearly $222 million in funding for national development projects.
Azerbaijan’s leadership as COP29 President was praised during high-level meetings in Mexico, where the two countries discussed climate diplomacy and the expansion of bilateral ties.
AnewZ takes to the streets of Yerevan and Baku to ask a simple yet deeply complex question: How do you see peace between Armenia and Azerbaijan? In the first part of our special report, we hear the hopes, doubts, and scars still shaping people’s perspectives on both sides.
An exhibition of Azerbaijani and Turkmen carpets and handicrafts has opened in Tbilisi, celebrating the rich cultural heritage and centuries-old weaving traditions of both nations.
Ukraine and Russia finalized a major prisoner exchange, with 303 captives returned to Ukraine on Sunday as part of a broader swap of 1,000 detainees each, agreed upon during talks in Istanbul.
Texas is poised to become the second U.S. state to implement a sweeping ban on social media use by minors, joining a growing movement among states to regulate digital access for children amid rising concerns over mental health and online safety.
Azerbaijani President Ilham Aliyev met with Ukrainian Foreign Minister Andrii Sybiha on May 25, reaffirming Baku’s continued humanitarian support and both nations’ mutual commitment to sovereignty and territorial integrity.
Indonesia and China signed four new memorandums of understanding to deepen economic cooperation across key sectors, reaffirming their commitment to free trade during Chinese Premier Li Qiang’s official visit to Jakarta.
President of Kyrgyzstan Sadyr Japarov has signed a law ratifying the 2025 Financing Framework Agreement with the Asian Development Bank (ADB), paving the way for nearly $222 million in funding for national development projects.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment