Development finance assessment

MECHANISMS FOR MONITORING, REVIEW AND ACCOUNTABILITY
Monitoring for 
results
• Uzbekistan’s weak data ecosystem constitutes an important constraint to strengthening 
the country’s SDG financing architecture. It severely undermines monitoring the 
impact of different financing flows and policies as a basis for informed policy making, 
facilitating learning, adaptation of instruments and policies to enhance their impact, 
and mitigating risks.
• The nationalization of the SDGs and their indicators could underpin a better 
coordinated and holistic development performance monitoring system in Uzbekistan. 
However, the preparations for the first VNR revealed significant capacity gaps that 
would need addressing for this performance monitoring system to effectively inform 
development planning and financing. 
• With the support of development partners, authorities are working on strengthening 
the effective identification and monitoring of all budgetary and extra-budgetary 
public finance flows in the country, which would significantly improve monitoring 
overall public spending.
• 
Initial analysis points to possible imbalances in SDG financing: SDGs 5, 13, 14 and 17 
are underrepresented in Uzbekistan’s development planning system, while five SDGS 
(1, 3, 4, 6 and 11) absorbed 56.7 percent of total public expenditure. More in-depth 
analysis could assess the adequacy of current SDG alignment of development finance 
and linking public expenditure to specific development outcomes. 
• 
Significant knowledge gaps remain regarding assessing the SDG alignment of non-
commercial private flows, actors and financing instruments.

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DEVELOPMENT FINANCE ASSESSMENT FOR THE REPUBLIC OF UZBEKISTAN
Transparency and 
accountability
• Transparency and the public disclosure of information is becoming an increasingly 
important dimension of PFM system in Uzbekistan. The annual citizen budget provides 
an important and visible exponent of progress in making fiscal policy decisions 
tangible and understandable to the wide citizenship. 
• Strong advances in increasing transparency may in turn support more progress in 
strengthening accountability mechanisms. Slow progress in developing effective 
internal and external accountability mechanisms ultimately contribute to the low 
capacity of the national public administration system and undermine progress in 
strengthening the development impact of scarce development resources.
• The DFA notes the criticality of ensuring transparency of revenues from the exploitation 
of natural resources and from the use of national and state property, their distribution 
and expenses.