BAKU, Azerbaijan, July 10. Uzbekistan and the
International Monetary Fund (IMF) have discussed improving
financial statistics, interagency data exchange, and the
reliability of financial reporting in line with international
standards.


This was reflected in a statement by the Uzbek National Agency
for Prospective Projects (NAPP), following a meeting between the
leadership of the Central Bank and representatives of the IMF
technical assistance mission.


According to the National Agency, the parties reviewed the
compilation and reporting of Monetary and Financial Statistics
(MFS), as well as Financial Soundness Indicators (FSIs), which are
used to assess the health and resilience of a country's financial
system.


“Close cooperation between the Central Bank, as the regulator of
the banking sector, and the Agency, as the regulator of the capital
and insurance markets, is essential,” IMF representatives said.


The IMF mission emphasized the need for effective interagency
information exchange to verify data submitted by financial market
participants to different government authorities.


“Improved data exchange will increase the reliability of
financial reporting, eliminate the duplication of information, and
ensure consistency in statistical data,” the IMF representatives
noted.







The Uzbek side highlighted ongoing efforts to introduce a
Unified Reporting System designed to simplify the submission of
corporate reports and statistical data to government agencies. The
system is expected to automatically generate reports through the
integration of government information systems and expanded digital
data exchange.


“Submission of reports through the Unified Reporting System will
become mandatory from January 1, 2028,” the Uzbek side said.


According to the participants, the measures will provide a basis
for further improving the quality of statistical information and
bringing the compilation of financial indicators into closer
alignment with international standards.


The parties also expressed readiness to continue cooperation and
exchange expertise in financial statistics and financial
stability.