Azernews.Az

By Kamila Aliyeva

Uzbekistan intends to complete all work on entering the expanded General Data Dissemination System (P-GDDS) of the International Monetary Fund (IMF) by the end of next year.

This will allow the country to provide foreign investors, leading foreign companies and international financial institutions with full access to various economic data in the format familiar to them.

It may also stimulate an increase in the volume of attracted foreign investment, as many foreign investors today do not trust official Uzbek statistics.

“In January-February of the next year, the IMF mission arrives for technical assistance, and by the end of 2018 we intend to complete all work on joining the General Data Dissemination System,” first deputy chairman of the State Statistics Committee Bokhodir Mirusmanov said.

Today, the IMF Statistics Department is one of the key players in the international statistical cooperation. The fund's interest in statistics is primarily the national accounts, the balance of payments and financial data.

The IMF annually publishes a wide range of data on loans, exchange rates, as well as economic and financial statistics.

In early August, Uzbek President Shavkat Mirziyoyev criticized the state statistics bodies. For example, according to Mirziyoyev, the work on ensuring the completeness and reliability of the reporting data is not organized at an appropriate level, which makes it possible to objectively assess the level of development of industries and spheres of the economy of the republic and regions.

In addition, the president noted, the mechanisms of informing the broad circles of the foreign business community and the international community about the results of the economic reforms carried out in the country through the publication of statistical data in international statistical publications are poorly used.

---

Kamila Aliyeva is AzerNews’ staff journalist, follow her on Twitter: @Kami_Aliyeva

Follow us on Twitter @AzerNewsAz