ASHGABAT, June 23 (Xinhua) -- Turkmenistan and the World Bank have signed an agreement worth 314,000 U.S. dollars to help improve the country's statistical system, the State Committee of Turkmenistan on Statistics said Tuesday.
The agreement provides advisory support for advancing Turkmenistan's national statistical system to the standard of the 2025 System of National Accounts (SNA) and for enhancing methods of calculating gross domestic product (GDP), the committee said.
The signing followed a meeting attended by Turkmen Finance and Economy Minister Mammetguly Astangulov, World Bank Country Manager for Kazakhstan and Turkmenistan Andrei Mikhnev, and the organization's Operations Manager for the Central Asia Region Indu John-Abraham, according to the committee.
The SNA is the internationally agreed framework that provides recommendations for measuring and compiling economic activity.
According to the UN Department of Economic and Social Affairs, the 2025 SNA introduces new topics such as globalization, digitalization, emerging financial issues, Islamic finance and the informal economy. ■