Economic activity has been reported in several CIS countries. In Armenia, activity continued to pick up, registering a 12.2% growth in Q1 2023. The government’s growth projection for 2023 is 7%, while that from the IMF (from its April report) is 5.5%. In Uzbekistan, GDP growth for the same period stood at 5.5%. In Kyrgyzstan, the central bank held interest rates at 13% while reporting GDP growth for Q1 2023 at 4.6%, with inflation coming in at 10.5% as of April 14th.