Review of Data Provision to the Fund for Surveillance Purposes PDF Download

Author: International Monetary Fund. Statistics Dept.
Publisher: International Monetary Fund
ISBN: 1498330495
Category : Computers
Languages : en
Pages : 61

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Book Description
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Author: International Monetary Fund. Statistics Dept.
Publisher: International Monetary Fund
ISBN: 1498339956
Category : Business & Economics
Languages : en
Pages : 47

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Book Description
The IMF keeps data provision by members under periodic review since timely, accurate, and comprehensive data are essential for fulfilling its surveillance mandate. The previous Review of Data Provision to the Fund for Surveillance Purposes was discussed by the Executive Board in March 2008 (the 2008 Review). The 2008 Review introduced a new classification system for rating the adequacy of data provision by a member to help with this assessment. The present review was expected to be conducted in 2013, but was brought forward to 2012 in the context of the ongoing global crisis. In particular, the Managing Director’s (MD) statement on the 2011 Triennial Surveillance Review (TSR) announced that the Review of Data Provision to the Fund for Surveillance Purposes would be brought forward to 2012 to allow the Board to consider where more and better data could be leveraged to enhance surveillance.

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 129

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Book Description
Data provision by member countries is a key input into the IMF’s surveillance activities. The 2024 Review of Data Provision to the Fund for Surveillance Purposes took place against the backdrop of profound shifts in the global economy, highlighting the important need for adequate macroeconomic and financial data to inform analysis and policymaking. This Review achieved a substantial, but manageable, update to the overall envelope of data that members are required to provide to the Fund in the areas of public sector, foreign exchange intervention, and macrofinancial indicators. Addressing these data gaps will reduce blind spots and support even-handedness in Fund surveillance. The Review also introduced a more structured and transparent assessment of data adequacy for surveillance. This strengthened framework will facilitate policy dialogue with the authorities on data issues and improve prioritization of capacity development efforts. Finally, the Review confirmed the long-standing practice of not applying the remedial framework when members do not provide certain data categories that the Fund considers outdated.

Author: International Monetary Fund. Statistics Dept.
Publisher: International Monetary Fund
ISBN: 1498334881
Category : Business & Economics
Languages : en
Pages : 35

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Book Description
Informational Annexes: I. Article VIII, Section 5. Furnishing of Information II. Table of Common Indicators Required for Surveillance III. Data Provision Trends and Implications of the 2004 Decision IV. Sample Selection for In-Depth Analysis of Treatment of Data Issues in Staff Reports V. Survey of Data Provision to the Fund for Surveillance for Fund Mission Chiefs VI. Recommended Methodologies for Data Provision VII. Other Ongoing Data Initiatives VIII. Security and Reporting Procedures for the Currency Composition of Official Foreign Exchange Reserves (COFER) Database IX. Recent Data Improvements Through the Standardized Report Forms (SRFs)

Author: International Monetary Fund. Statistics Dept.
Publisher: International Monetary Fund
ISBN: 1498334849
Category : Business & Economics
Languages : en
Pages : 33

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Book Description
This paper reviews how well members are providing the data the Fund needs, how well staff is handling issues of data inadequacy, and how the Fund’s data needs are evolving. The aim is to identify possible ways of improving data provision or, where data provision can only improve as the result of protracted capacity building, to ensure that surveillance takes due account of data inadequacies.

Author: International Monetary Fund. Statistics Dept.
Publisher: International Monetary Fund
ISBN: 1498328563
Category : Business & Economics
Languages : en
Pages : 51

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Author: International Monetary Fund. Statistics Dept.
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 21

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Book Description
This paper reviews the framework for Data Adequacy Assessment for Surveillance, which is a key element of the policies that govern the requirements for Data Provision to the Fund for Surveillance Purposes, aimed at ensuring high-quality data for economic analysis and policy advice. The Data Adequacy Assessment requires staff to assess, in the context of Article IV consultations, the adequacy of data provided to the Fund for surveillance purposes, the implications of data inadequacies for surveillance, and the need for corrective measures. In line with the recommendation of the Independent Evaluation Office’s report “Behind the Scenes with Data at the IMF: An IEO Evaluation” and previous guidance provided by the IMF Executive Board, this paper introduces a new framework to prepare the Data Adequacy Assessment, ensuring greater objectivity and granularity in the assessment. Data adequacy will become more prominent in the surveillance discussions by including a new Data Issues Annex in the staff report, which will replace the current Statistical Issues Appendix in the Informational Annex. The new framework will facilitate the policy dialogue with country authorities on macro-critical data issues and enhance the integration of surveillance and capacity development.

Author: International Monetary Fund. Secretary's Department
Publisher: International Monetary Fund
ISBN: 149834173X
Category : Business & Economics
Languages : en
Pages : 23

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Book Description
The objective of the paper is to inform Executive Directors of recent work undertaken by the Statistics Department (STA) to further enhance data consistency. STA works to promote high quality statistics as essential pre-requisites for the formulation of appropriate macroeconomic and financial policies. Such work supports IMF surveillance and goals that are articulated in Board papers pertaining to Data Provision to the Fund for Surveillance Purposes; the G-20/IMFC Data Gaps Initiative; and the Fund’s Data Standards Initiatives. All these initiatives are motivated by the Executive Directors’ interest in better and more consistent data. An important element of STA’s work program is the project to improve crosssector data consistency. This project has focused on an initial set of countries that reflect the diverse nature of the IMF’s membership, and on selected data series. Data inconsistencies across macroeconomic datasets (financial, government, external, and national accounts statistics) have been found to exist for most countries, regardless of their size and level of development. Such inconsistencies may arise from a variety of reasons, including methodological differences and different data vintages. The project has been favorably received by member countries and has enhanced cooperation at both the international and national levels. Indeed, because a number of agencies within a country may be involved in compiling macroeconomic statistics, the project has encouraged strengthened national inter-agency cooperation to resolve inconsistencies. In spite of ongoing efforts, many inconsistencies persist, and new inconsistencies may sometimes arise. A significant initial finding is that countries may face challenges in improving cross-sector data consistency. In particular, member country resource constraints often limit the scope of their work in the short– and medium–term. Next steps. The recent work undertaken by STA has yielded significant positive results in a relatively brief period of time. Therefore, next steps involve expanding this work to eventually cover all countries, and monitoring inconsistencies on an ongoing basis so that they are not allowed to persist without follow-up with countries.

Author: International Monetary Fund. Legal Dept.
Publisher: International Monetary Fund
ISBN: 1513581872
Category : Business & Economics
Languages : en
Pages : 1026

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Book Description
This volume documents decisions, interpretations, and resolutions of the Executive Board and Board of Governors of the International Monetary Fund, as well as documents relating to the United Nations and other international organizations.

Author: International Monetary Fund. Legal Dept.
Publisher: International Monetary Fund
ISBN: 1475548656
Category : Business & Economics
Languages : en
Pages : 1088

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Book Description
The Thirty-Seventh Issue of Selected Decisions and Selected Documents of the International Monetary Fund includes decisions, interpretations, and resolutions of the Executive Board and the Board of Governors of the International Monetary Fund, as well as selected documents to which frequent reference is made in the current activities of the Fund. In addition, it includes documents relating to the IMF, the United Nations, and other international organizations.