Uzbekistan reveals date of joining IMF General Data Dissemination System

Baku, Azerbaijan, March 2

By Fikret Dolukhanov – Trend:

Uzbekistan will join the enhanced General Data Dissemination System (E-GDDS) of the International Monetary Fund (IMF) on May 1, 2018, the Uzbek State Statistics Committee said in a message.

According to the message, the IMF Statistics Department mission visited Tashkent on Feb. 21—March 1 within the framework of technical assistance on Uzbekistan's joining the E-GDDS.

The mission noted the achieved progress in implementation of the E-GDDS and supported development of the National Summary Data Page on the website of the Uzbek State Statistics Committee, the message noted.

As part of joining the E-GDDS, data on 15 categories will be placed on the official websites of relevant ministries on a regular basis.

This will allow Uzbekistan to provide foreign investors, leading foreign companies and international financial institutions with full access to various economic data in the format in which they are accustomed, and will provide an opportunity to stimulate an increase in the volume of attracted foreign investment, as many foreign investors today do not trust official Uzbek statistics.

Today, the IMF Statistics Department is one of the key players in the international statistical cooperation.

The International Monetary Fund annually publishes a wide range of data on loans, exchange rates, as well as economic and financial statistics and on Uzbekistan's entry into the E-GDDS.

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