Review of Data Provision to the Fund for Surveillance Purposes

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

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

Data Provision to the Fund for Surveillance Purposes PDF Author: International Monetary Fund. Statistics Dept.
Publisher: International Monetary Fund
ISBN: 1498328563
Category : Business & Economics
Languages : en
Pages : 51

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Book Description
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Review of Data Provision to the Fund for Surveillance Purposes

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

2012 Review of Data Provision to the Fund for Surveillance Purposes

2012 Review of Data Provision to the Fund for Surveillance Purposes PDF 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.

Review of Data Provision to the Fund for Surveillance Purposes

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

Review of Data Provision to the Fund for Surveillance Purposes - Informational Annexes

Review of Data Provision to the Fund for Surveillance Purposes - Informational Annexes PDF 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)

Review of the Framework for Data Adequacy Assessment for Surveillance

Review of the Framework for Data Adequacy Assessment for Surveillance PDF 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.

Overarching Strategy on Data and Statistics at the Fund in the Digital Age

Overarching Strategy on Data and Statistics at the Fund in the Digital Age PDF Author: International Monetary Fund. Strategy, Policy, & Review Department
Publisher: International Monetary Fund
ISBN: 1498307310
Category : Business & Economics
Languages : en
Pages : 31

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Book Description
"The first data and statistics strategy for the Fund comes at a critical time. A fast-changing data landscape, new data needs for evolving surveillance priorities, and persisting data weaknesses across the membership pose challenges and opportunities for the Fund and its members. The challenges emerging from the digital revolution include an unprecedented amount of new data and measurement questions on growth, productivity, inflation, and welfare. Newly available granular and high-frequency (big) data offer the potential for more timely detection of vulnerabilities. In the wake of the crisis, Fund surveillance requires greater cross-country data comparability; staff and authorities face the complexity of integrating new data sources and closing data gaps, while working to address the weaknesses noted by the IEO Report (Behind the Scenes with Data at the IMF) in 2016. The overarching strategy is to move toward an ecosystem of data and statistics that enables the Fund and its members to better meet the evolving data needs in a digital world. It integrates Fund-wide work streams on data provision to the Fund for surveillance purposes, international statistical standards, capacity development, and data management under a common institutional objective. It seeks seamless access and sharing of data within the Fund, enabling cloud-based data dissemination to support data provision by member countries (e.g., the “global data commons”), closing data gaps with new sources including Big Data, and improving assessments of data adequacy for surveillance to help better prioritize capacity development. The Fund also will work with policymakers to understand the implications of the digital economy and digital data for the macroeconomic statistics, including new measures of welfare beyond GDP."

Behind the Scenes with Data at the IMF

Behind the Scenes with Data at the IMF PDF Author: International Monetary Fund. Independent Evaluation Office
Publisher: International Monetary Fund
ISBN: 1498385982
Category : Computers
Languages : en
Pages : 80

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Book Description
This report examines whether the IMF has effectively leveraged an important asset: data. It finds that in general, the IMF has been able to rely on a large amount of data of acceptable quality, and that data provision from member countries has improved markedly over time. Nonetheless, problems with data or data practices have, at times, adversely affected the IMF’s surveillance and lending activities. The roots of data problems are diverse, ranging from problems due to member countries’ capacity constraints or reluctance to share sensitive data to internal issues such as lack of appropriate staff incentives, institutional rigidities, and long-standing work practices. Efforts to tackle these problems are piecemeal, the report finds, without a clear comprehensive strategy that recognizes data as an institutional strategic asset, not just a consumption good for economists. The report makes a number of recommendations that could promote greater progress in this regard.

Selected Decisions and Selected Documents of the International Monetary Fund

Selected Decisions and Selected Documents of the International Monetary Fund PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1616352434
Category : Business & Economics
Languages : en
Pages : 1017

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Book Description
Selected Decisions and Selected Documents of the International Monetary Fund includes decisions, interpretations, and resolutions of the Executive Board and Board of Governors of the IMF, as well as selected documents to which frequent reference is made in the current activities of the Fund. In addition, it includes certain documents pertaining to the relations between the Fund and other international organizations.