In the framework of the project “Strengthening institutional, statistical and information – technical capacity of the State Statistics Committee of Turkmenistan” jointly implemented by the United Nations Development Programme (UNDP) and the State Statistics Committee of Turkmenistan (Turkmenstat), an online meeting on elaboration of financial account was convened in November 10, 2021.
The meeting aimed at presenting and discussing the developed roadmap on the elaboration of a financial account as well as establishment of the Interdepartmental Coordination Council on financial account, proposed by the Road Map. It is assumed that activities of the Council would be supported by the working groups established in each agency, involved in the creation of the financial account.
The event gathered the representatives of the line ministries and entities of Turkmenistan, including the Ministry of Finance and Economy, Ministry of Labor and Social Protection of the Population, State Statistics Committee, Central Bank, State Insurance Organization and the Union of Industrialists and Entrepreneurs of Turkmenistan.
“The purpose of the online meeting is to present the developed Roadmap and discuss the further steps for compilation of financial account (data sources, estimations, procedures) in accordance with the Methodical guidance on the development of a financial account and balance of financial assets and liabilities in Turkmenistan. Building a financial account will improve the system of monitoring and analyzing economic and financial developments, aligning it with the international standards and can be instrumental in supporting the economic recovery efforts” – noted Mr. Akmyrat Danatarov, UNDP Programme Analyst for Governance, Economic Diversification, and Inclusive Growth.
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A joint project between the UNDP and the State Statistics Committee of Turkmenistan “Strengthening institutional, statistical and information-technical capacity of the State Statistics Committee of Turkmenistan” was launched in the beginning of 2021 and aims at strengthening the capacity of TurkmenStat through the implementation of three main components: 1) strengthening the information and technical capacity of the State Statistics Committee of Turkmenistan, aimed at improving the quality of statistical data, 2) continuing work on the conceptual transition to the 2008 SNA and expanding the scope, degree, detail and quality of national accounts and complementary economic statistics; 3) increasing the capacity of TurkmenStat for statistical reporting to measure the progress of the SDGs.
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Source: UNDP office in Turkmenistan.
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