## Mid-Year Report to the D4D Fund Steering Committee (May-December 2022)

## Source details

**Canonical URL:** [Mid-Year Report to the D4D Fund Steering Committee (May-December 2022)](https://www.imf.org/-/media/files/capacity-developement/d4d/feb-2023/2023-d4d-fund-mid-year-report.pdf)

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### Program implementation and delivery status
- The D4D Fund’s 18-month work plan covers "May 2022 to October 2023" and comprises 207 activities.
- Almost two-thirds of the work program, amounting to 123 activities, are planned to be conducted in FY 2023 (which ends April 30, 2023).
- Activities completed (May - December 2022): 40.
- Activities completed (May - December 2021): 44.
- Geographic distribution of activities (May – December 2022):
  - Africa: more than a third of activities (largest recipient).
  - Followed by: Middle East and Central Asia, and Asia Pacific regions.
- Workstream intensity (May – December 2022):
  - Strong delivery in the fiscal and debt reporting sub-module.
  - Strong delivery in external sector statistics sub-module and national accounts workstream.
  - Three out of four workshops under Module 2 - Financial Access Survey (FAS) conducted in Asia Pacific and Middle East and Central Asia regions.
  - Online learning curriculum under Module 3 progressing and meeting strong demand.

### CD modality, constraints, and drivers of slower implementation
- CD activities implemented May-December 2022: 40.
- In-person delivery among those activities: 23 (58 percent).
- Original implementation forecast assumed a 75 percent share of in-person delivery.
- Expenses are $648,002 below projections for the period due to lower than forecast in-person delivery.
- Factors contributing to lower implementation:
  - CD modality changes: transition from remote back to in-person required extra preparation time (notably for external sector statistics).
  - Constraints on timing of follow-up missions: many missions are follow-ups requiring 6 to 10 months for prior recommendations to be implemented.
  - Seasonality: uptick of activity traditionally recorded towards the end of a fiscal year.
  - CD recipients’ resource constraints: national statistics offices prioritize continuity of traditional datasets (e.g., national accounts) over new products like RPPI or HFI.
  - Coordination challenges with RCDCs: scheduling joint or consecutive RCDC and D4D-funded missions requires close coordination and spacing, temporarily slowing implementation.
- STA will monitor CD modality patterns and report to the Steering Committee at the June meeting on expenses and the remaining Phase I budget envelope.

### Financial Access Survey (FAS) outcomes and outreach
- Purpose: provide statistical information to guide policymakers on inequality in access to finance.
- 2022 FAS results released in October 2022, with "FAS 2022 Trends and Developments".
- Reporting as of early-December 2022:
  - Total jurisdictions submitting data to the 2022 FAS round: 167.
  - Number of jurisdictions reporting gender-disaggregated data: 82 (a fifteen percent increase relative to the previous round).
  - Number of jurisdictions reporting data on the use of mobile money: 86 (four additional jurisdictions), covering roughly 90 percent of countries where mobile money services are available.
- Table 3 (Number of country reporters to the FAS database):
  - 2021 Round — Total reporters: 165; Gender data reporters: 71; Mobile money reporters: 82.
  - 2022 Round (as of December 2022) — Total reporters: 167; Gender data reporters: 82; Mobile money reporters: 86.
- Outreach and capacity-building (May–November 2022):
  - Two webinars on financial access data collection for the Asia and Pacific region in June with 48 officials from 20 jurisdictions attending.
  - FAS SDG indicators presented at a United Nations Economic and Social Commission for Western Asia webinar.
  - FAS gender-disaggregated data presented to IMF economists at the IMF internal training, "Clinic on Macroeconomics of Gender Equality".
  - FAS presented to external partners including the Consultative Group to Assist the Poor, Financial Alliance for Women, Data2X, the World Bank, and Financial Sector Deepening Kenya at a Bill & Melinda Gates Foundation workshop.
  - FAS team contributed to the Institute for Capacity Development’s new course "Gender Inequality and Macroeconomics" delivered virtually at the IMF Middle East Center for Economics and Finance (CEF) in Kuwait from October 31 to November 3, 2022; another in-person delivery at the CEF is scheduled in the coming months.
  - FAS gender-disaggregated data featured in the internal Gender Data Hub to support IMF surveillance and policy efforts.
- Consultations on a FAS pilot survey to expand gender-disaggregated and digital financial services data planned in 2023; first consultations took place with WFID Partnership and IMF internal stakeholders in December 2022.
- Between May and November 2022, the FAS ranked as the 8th most-downloaded IMF dataset (out of 24 datasets).

### Multilingual online learning curriculum progress and usage
- Curriculum progress and launches (reporting period highlights):
  - EDSx launched in November 2022.
  - BOP-IIPx offered in French and Spanish in May 2022.
  - Additional CPIx, NASx, GFSx, and PSDSx MOOCs in English, French and Spanish offered during the reporting period.
  - Planned launches by end-FY 2023: QNA/HFIx SPOC and NASx MOOC in French and Spanish.
  - Development of FSIx and PPIx has started as planned.
- As of December 2022, after release of five out of twelve courses:
  - Over 8,300 active participants have benefited from forty offerings of D4D-funded online courses.
  - Participant composition highlights:
    - More than half from low- and lower middle-income countries.
    - Almost a third from Africa.
    - A sixth from fragile states.
- Definition: Active participants are students who have registered for the course and have answered at least one graded question correctly; if a student’s overall average score is above 0 percent, that participant is considered active.
- Micro-learning and multimedia outreach:
  - Micro-learning clips prepared from online course video material for broader public reach.
  - Video playlists for PSDSx, GFSx, and BOP-IIPx available on the YouTube IMF Institute Learning Channel; CPIx and NASx clips forthcoming.
  - YouTube audience increased from 8.7k to 12.6k subscribers at end-2022.
  - Microlearning clips used extensively in remote and blended training to familiarize participants with basic concepts and support blended CD modalities.

### Independent mid-term evaluation
- Evaluation firm: SEO-Amsterdam Economics finalized a draft evaluation report in early December 2022.
- Scope: focuses on outcomes, impact, and benefits of D4D Fund CD to beneficiaries and quality of content and delivery of CD; aims to inform strategy and work program for Phase II of the D4D Fund (scheduled to start in 2025).
- Evaluation Sub-Committee reviewers: Steering Committee representatives from Japan, Luxembourg, Switzerland; CD recipients from Uganda, Uzbekistan, Vietnam; IMF staff from the Institute for Capacity Development and African, Asia & Pacific, Fiscal Affairs, and Statistics Departments.
- Timeline:
  - Draft reviewed in December 2022.
  - Final report to be shared with the Steering Committee in early-2023 and discussed at the mid-year check-in on January 31.

### Looking ahead: Steering Committee June 2023 meeting and Phase II planning
- Annual Steering Committee meeting expected in June 2023 to discuss:
  - D4D Fund implementation and work program.
  - D4D Fund resources.
  - Findings and recommendations from the mid-term independent evaluation.
- Outcome use:
  - Takeaways to inform design of the Program document for Phase II of the D4D Fund.
  - An outline of the Phase II Program document is planned to be presented to the Steering Committee at its June meeting.
  - D4D Fund donors will receive briefing materials ahead of the June meeting.

### Annex — Remote ad-hoc assistance (May–November 2022)
- A lump-sum equal to 10 percent of the budget of Module 1 (around $292,000) was allocated in June 2020 to support remote ad-hoc assistance; assistance limited to engagements that take less than one business day of staff time per case and only for D4D-eligible countries.
- From May to November 2022:
  - IMF’s Statistics Department completed interventions on 38 requests for ad-hoc assistance (against 57 for the same period in 2021).
  - Total expense: $24,624 (against $45,629 for the same period in 2021).
  - Topic distribution: 27 interventions related to fiscal and debt reporting; 11 related to ESS.
  - Regional demand: Africa 25; Middle East and Central Asia 9; Asia-Pacific 3; Western Hemisphere 1.
  - Most requests revolved around fiscal and debt transactions recording.
- Additional ad-hoc assistance provided (May–November 2022):
  - Assisted Guinea in recording SDRs in the government accounts.
  - Supported Jordan with the recording of transaction in GFS.
  - Discussed with Niger the recording of a government's stake on oil pipeline company.
  - Helped Senegal with the accounting of transfer of real estate in the budgetary central government.
  - Advised Togo on the measurement of its fiscal deficit.

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_Source: https://www.imf.org/-/media/files/capacity-developement/d4d/feb-2023/2023-d4d-fund-mid-year-report.pdf_