WB launches statistical accounting project in Turkmenistan

Business Materials 24 June 2009 20:48 (UTC +04:00)

Turkmenistan, Ashgabat, June 23 / Trend G. Hasanov /

Turkmenistan's ministry of finance signed grant agreement with the World Bank on the project Strengthening of statistical potential for development, press-release of the international financial institute said.

Total sum of grant hits $387,500.

This project will be fulfilled by the state statistical committee in accordance with procedures of WB on financial governance and purchase.

Aim of the grant is to strengthen potential to collect and analyses of social-economic statistics of Turkmenistan to render assistance of social-economic development of the country. Three major components of the grant include designing of statistical master-plan, strengthening of potential to examine level of life and non-state sector.

Designing of statistical master-plan will allow Turkmenistan's government to develop medium-urgent plan of actions with indication of demands in financing pursuing certain goals on introduction of the international standards in statistic. Examination of level of life will be key tool while analyzing how rapid rates of economy's growth affected profit Azerbaijan and consumption I the level of economy last years. The last component includes examination of non-state sector. It will allow making analyses of changes at branch level and better realizing growing role of private sector.  

"WB plays important role in increasing of statistical potential to the level of the international standards in many countries of the region. We are glad to cooperate with Turkmenistan's government on this direction. We hope for rendering further assistance to the state statistical committee to strengthen potential on collection and analyses of social-economic data, WB manager on Kyrgyzstan and Turkmenistan Roger Robinson said.

Turkmenistan signed the agreement with WB group in September 1992. The bank set up its representation in Ashgabat in 1996 to improve relations with the government and render operational support.

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