NAPP and IMF Mission Discuss Financial Statistics Development

Tashkent, Uzbekistan (UzDaily.uz) — The National Agency for Prospective Projects of Uzbekistan (NAPP) held a meeting with representatives of the International Monetary Fund (IMF) technical assistance mission and the Central Bank, dedicated to improving financial statistics and inter-agency data exchange.

During the negotiations, the parties discussed the formation and submission of monetary and financial statistics (MFS) data, as well as financial soundness indicators (FSI).

The IMF representatives emphasized the importance of close cooperation between the Central Bank, which regulates the banking sector, and the National Agency for Prospective Projects, which regulates the capital market and the insurance market. In their view, efficient information exchange between state bodies will increase the reliability of financial reporting, eliminate data duplication, and ensure the consistency of statistical information.

The Uzbek side noted that the implementation of the Presidential Resolution dated January 9, 2014, No. PP-8 provides for the introduction of a Unified Reporting System, the automatic generation of reports through the integration of information systems of state bodies, and the development of digital data exchange. Furthermore, submitting reports through the Unified System will become mandatory starting January 1, 2028.

Following the meeting, the participants noted that the implementation of 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 reaffirmed their readiness to continue cooperation and the exchange of experience in the field of financial statistics and strengthening financial stability.