Posted by Peter Murphy and John Zohrab1
A seminar on strengthening financial reporting for governments of Central Asia, the Caucuses and Kazakhstan took place in Astana, Kazakhstan in May 2014. The seminar was held as part of the International Economic Forum in Astana; received financial support from the government of Japan; and was jointly hosted by the Fiscal Affairs Department (FAD) of the IMF and the Ministry of Finance of the Republic of Kazakhstan.
Presentations were made by leading international experts from the IMF, followed by interactive discussion between the experts and participants. This allowed seminar participants to become familiar, not only with advanced international experience, but also with the practical results of reforming accounting and financial reporting systems in Azerbaijan, Armenia, Georgia, Turkmenistan, Tajikistan, the Kyrgyz Republic, Uzbekistan and Kazakhstan. Significant progress has been made in these countries, as well as commitments to continue the reform effort.