The National Agency for Advanced Projects of Uzbekistan (NAPP) held a meeting with representatives of the International Monetary Fund (IMF) technical mission and the Central Bank. The goal of this meeting was to improve financial statistics and establish data exchange between various agencies.
During the negotiations, participants discussed the processes of forming and providing data on monetary and financial statistics (MFS), as well as financial stability indicators (FSI).
IMF representatives emphasized the critical importance of close interaction between the Central Bank, which regulates the banking sector, and the National Agency for Advanced Projects, which oversees capital markets and insurance. According to the participants, effective information exchange between state structures will increase the reliability of financial reporting, eliminate data duplication, and ensure consistency of statistical information.
The Uzbek side reported that the implementation of Presidential Decree No. PP-8 of January 9, 2014, provides for the introduction of a Unified Reporting System, automatic report generation through the integration of government bodies' information systems, and the development of digital data exchange. Furthermore, starting from January 1, 2028, submitting reports through this Unified System will become mandatory.
At the conclusion of the meeting, participants noted that adopting these measures will contribute to improving the quality of statistical information and further refining the formation of financial indicators in accordance with international standards. The parties also confirmed their readiness to continue cooperation and exchange experience in the field of financial statistics and strengthening financial stability.
A high-level tripartite meeting took place between the leadership of the Central Bank of Uzbekistan, the Ministry of Economy and Finance, and senior management of the International Monetary Fund (IMF) during the regular meeting of the Swiss Contingent Group of the IMF and the World Bank. The discussion focused on an in-depth analysis of the current state of the national economy of Uzbekistan and the development of joint strategies to ensure long-term macroeconomic stability. Participants paid special attention to mechanisms for close coordination of monetary and fiscal policy amid market transformations. Furthermore, the parties reviewed the progress of structural reforms aimed at modernizing large state-owned enterprises and commercial banks with state participation. Representatives of Uzbekistan presented their partners with a detailed report on measures to reduce inflation, maintain GDP growth, and implement structural reforms, emphasizing the reduction of the state's role in the banking sector and accelerating privatization. IMF experts positively assessed the pace of economic transformation in the country, stressing the need to maintain a balance between monetary and fiscal tools.
