Development finance assessment

DIMENSION 4:
MONITORING AND REVIEW
Effective monitoring and review frameworks are a critical component of an integrated 
approach to financing. Finance tracking systems capture information on financing, on the 
resources that are being invested, by whom and how. Monitoring systems capture information 
on development results and the progress that is made towards the SDGs. Through an INFF, 
the GoU can bring together these different strands of information and establish a clear 
picture of the impacts that different types of investment are having on SDG outcomes, and 
crucially whether those investments are also cost-effective. 
This dimension looks at the quality of public and private monitoring systems and their 
ability to inform policy processes. it aims to identify steps that can be taken to strengthen 
finance tracking systems and monitoring systems, enhance the potential to connect the two 
and support more informed finance policymaking. It relies to a large extent on the findings 
and recommendations from the 2018 Public Expenditure and Financial Accountability 
Performance Assessment Report and the 2019 Public expenditure review. 
MONITORING PUBLIC SPENDING
Overall, the PFM evaluation in Uzbekistan shows good monitoring mechanisms that 
ensure fiscal and budgetary control at a high operational level. It also demonstrates that 
mechanisms are in place to ensure fiscal stability and sustainability. However, the purpose 
of the monitoring set-up is mostly geared towards complying with revenue and expenditure 
related objectives and less towards monitoring the performance of public services. Ensuring 
effective and efficient use of public resources would therefore requires incorporating 
mechanisms to monitor the quality of public service delivery as well as progress towards 
achieving the nationalized SDGs. The rise of COVID-19 related pressures on the GoU’s 
available public resources have turned a more cost-efficient use of these resources into a 
whole-of-government imperative.