“Despite the significant slowdown in world trade and the reduction of external demand, the decline in world prices for major export commodities, we have managed to achieve a positive balance in foreign trade, which allowed for the growth of government foreign exchange reserves”, Islam Karimov said.

“A low level of public debt, which does not exceed 18.5% of the GDP, shows the progress and strengthening of macroeconomic stability in the country,” - he added.