From October 21 to 26, a delegation from Turkmenistan is on a study visit to Türkiye to deepen their knowledge in the field of financial account development and to study international best practices in this area.

The visit is being held within the framework of the joint project “Assistance in the development of a financial account for the further implementation of the 2008 System of National Accounts”, implemented by the United Nations Development Programme (UNDP) in Turkmenistan and the State Statistics Committee of Turkmenistan (Turkmenstat).

During the visit, the Turkmen representatives visited the Ministry of Treasury and Finance of Türkiye and the Central Bank of the Republic of Türkiye, where they are meeting with key officials.

The participants in the meetings discuss important topics such as the distribution of responsibilities between agencies, resolving conceptual and methodological issues, as well as ensuring consistency in integrated accounts by identifying differences in coverage and data sources, harmonizing methodologies and agreeing on data revision policies.

In addition, Turkmen delegates discussed the challenges facing members of the interagency working group on financial account compilation, examined possible data sources, and reviewed reporting templates and software tools for financial account compilation, according to a UNDP press release.

This study visit is part of UNDP's broader efforts to improve financial management and strengthen economic data systems.

The project “Assistance in the development of the financial account for the further implementation of the System of National Accounts 2008” was launched in 2024 to strengthen the efforts of the Government of Turkmenistan to increase the statistical capacity of the State Statistics Committee and other government organizations to compile the financial account. The project is aimed at improving the quality of statistical data, which will permit for a more complete assessment and monitoring of economic, monetary and financial processes in the country.