Republic of Uzbekistan: Technical Assistance Report-External Sector Statistics Mission (October 15-26-, 2018)
IMF Staff Country Reports, June 9, 2020
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- Republic of Uzbekistan: Technical Assistance Report-External Sector Statistics Mission (October 15-26-, 2018)
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Bibliographic details
- Published: June 9, 2020
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513546810.002
Mission objective and scope
- Main objective: assist the Central Bank of the Republic of Uzbekistan (CBU) in improving the collection of statistical data on the balance of payments (BOP), including the adoption of an international transactions reporting system.
- Additional objective: assess progress in implementing the medium-term program for further development of External sector statistics.
Key findings
- The mission noted several shortages in the BOP compilation system.
- The transfer of the BOP compilation function from the Ministry of the Economy to the CBU, and the transition to Balance of Payments and International Investment Position Manual, sixth edition standards, have led to a data gap between the BOP compiled by two institutions.
- The report constitutes technical advice provided by IMF staff to the authorities of the Republic of Uzbekistan in response to their request for technical assistance.
Policy recommendations and methodological advice
- It is recommended to update the methodology for calculating the currency and deposits of households component per the mission’s recommendations.
- The updated methodology should consider all possible inflows and outflows of foreign currency in cash by individuals.
- Adopt an international transactions reporting system to improve BOP data collection and address identified shortages.
Republic of Uzbekistan: Technical Assistance Report-External Sector Statistics Mission (October 15-26-, 2018) — IMF Staff Country Reports
Content in this bundle
- 1uzbea2020004