The Ministry of Finance has introduced a “Debt Management and Financial Analysis System”
07/01/2019 20:04
The Ministry of Finance has introduced a “Debt Management and Financial Analysis System”
07/01/2019 20:04
Tashkent, Uzbekistan (UzDaily.com) -- In order to automate monitoring, maintenance, accounting and reporting of the public debt of the Republic of Uzbekistan, the DMFAS-6 program complex has been installed in the Ministry of Finance.
As part of the implementation of the project of gratuitous technical assistance from the Asian Development Bank, “Developing the capacity of government agencies by improving the investment project and external debt management system,” the Ministry of Finance together with the ADB and the United Nations Conference on Trade and Development (UNCTAD) implemented the component “Implementation of a debt management system and financial analysis provisions. "
UNCTAD missions were organized in the Ministry of Finance from December 10 to 21, 2018. The DMFAS-6 installation and maintenance mission, under the leadership of Mr. Jon Barroso, a UNCTAD system programmer, took place from 10 to 19 December, which included training in installation and maintenance of the DMFAS-6 software.
From 10 to 21 December, under the leadership of Mr. Artak Marutyan, an independent representative of UNCTAD, the mission “Basic functional training on the use of the DMFAS-6 software package took place, which included familiarization, training, testing and solution of issues related to data in the PC "DMFAS-6". Employees of the Ministry of Finance took part in these seminars, during which experience was exchanged between employees of the Ministry of Finance and UNCTAD.
In the course of the work carried out by experts, it was noted that this system is the fundamental foundation for a detailed analysis of the country’s debt portfolio, which will make it possible to qualitatively draw up a Medium-term strategy for managing public debt.
It is important to note that currently the Ministry of Finance is introducing data of active loans attracted on behalf of the Republic of Uzbekistan and under its guarantee in the DMFAS-6 software for full monitoring and automation of public debt, as well as a detailed analysis of the public debt portfolio at a level that meets international standards. standards.
Organized missions took place in a constructive and benevolent atmosphere, and steps were identified to improve the debt management system and financial situation analysis.
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