## Mid-Year Report to the D4D Fund Steering Committee (May–December 2024)

## Source details

**Canonical URL:** [Mid-Year Report to the D4D Fund Steering Committee (May–December 2024)](https://www.imf.org/-/media/files/capacity-developement/d4d/january-2025/mid-year-report-to-d4d-sc-2025.pdf)

## Other formats

- [Markdown version](/-/media/files/capacity-developement/d4d/january-2025/mid-year-report-to-d4d-sc-2025.pdf.md)
- [Structured JSON version](/-/media/files/capacity-developement/d4d/january-2025/mid-year-report-to-d4d-sc-2025.pdf.json)

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### Overview and timeline
- The publication provides an update to the Data for Decisions (D4D) Fund Steering Committee on developments since the June 2024 meeting.
- The SC-endorsed 14-month work plan covers May 2024–June 2025.
- Most capacity development (CD) activities are scheduled to achieve project results by the end of this phase.
- Fiscal year (FY) 2025 concludes on April 30, 2025.

### Program execution and workplan implementation
- The 14-month work program comprises 109 activities scheduled for implementation in FY 2025, and 134 activities in the overall 14-month plan.
- Implementation status (May–December 2024):
  - Number of activities in the 14-month work plan: 134
  - Activities to be implemented in FY 2025: 109
  - Activities implemented (May–December 2024): 54
  - Activities implemented (May–December 2023): 64
- Over three-quarters of the 14-month work program are scheduled for implementation in FY 2025 to maximize end-phase tangible outcomes.
- Most CD-related travel by the IMF has fully resumed; most activities during May–December 2024 were conducted in person.

### Regional distribution and principal workstreams
- Regional distribution:
  - Africa continues to be the largest beneficiary region, accounting for more than half of the activities.
  - Other significant regions: Asia Pacific; Middle East and Central Asia.
- Workstream focus and strengths:
  - Fiscal and debt reporting: particularly strong CD delivery due to diagnostic workshops and ongoing demand tied to pandemic and Russia's war in Ukraine policy responses.
  - Real and external sector statistics: robust delivery aimed at enhancing data quality for economic policymaking.
  - National accounts and prices work continued in West African Economic and Monetary Union countries (Benin, Burkina Faso, Côte D'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo).
  - High-frequency indicators: accelerated support especially in Africa.
  - Residential property price index (RPPI): most missions were follow-up missions to achieve tangible outcomes before phase end.

### External Sector Statistics (ESS) outcomes (CEMAC and non-CEMAC)
- Resident Advisor on External Sector Statistics (Nov 2023–Oct 2024) conducted diagnostic TA missions across all Central African Economic and Monetary Community (CEMAC) countries and non-CEMAC countries (Burundi, Sao Tome and Principe, Democratic Republic of Congo).
- Identified ESS compilation needs: data periodicity, timeliness, coverage, and reliability.
- Results and dissemination:
  - Annual Balance of Payments (BOP) statistics for 2022 were published on the BEAC-HQ website for all member countries.
  - Equatorial Guinea updated BOP statistics through 2023 in November 2024.
  - Updates for Chad, Gabon, Republic of Congo, and Central African Republic expected by the end of 2024.
  - For non-CEMAC countries, BOP compilation improved with quarterly data now disseminated in a timely manner.
  - All CEMAC countries are set to publish International Investment Position (IIP) data up to 2023 by the end of 2025.
- Enhanced collaboration: IMF country teams and AFRITAC Central experts are addressing weaknesses and improving consistency between ESS, national accounts, and external debt statistics; BEAC-HQ engagement in TA missions has increased.

### The Financial Access Survey (FAS) — coverage and analytical efforts
- 2023 FAS results released in October 2024 along with the annual report “Financial Access Survey: 2024 Highlights”.
- As of November 15, 2024:
  - FAS includes data from 192 economies.
  - One new reporter: Bahrain.
  - Number of reporters providing gender-disaggregated data: increased to 89.
  - Number of mobile money data reporters: increased to 83.
- FAS reporters by region and selected series (as of November 2024):
  - Total reporters: Advanced Economies 39; Emerging and Developing Asia 29; Emerging and Developing Europe 15; Latin America and the Caribbean 33; Middle East and Central Asia 30; Sub-Saharan Africa 44; Total 192.
  - Gender data reporters: Advanced Economies 10; Emerging and Developing Asia 14; Emerging and Developing Europe 7; Latin America and the Caribbean 15; Middle East and Central Asia 12; Sub-Saharan Africa 31; Total 89.
  - Mobile money reporters: Advanced Economies 0; Emerging and Developing Asia 15; Emerging and Developing Europe 4; Latin America and the Caribbean 12; Middle East and Central Asia 13; Sub-Saharan Africa 39; Total 83.
- Analytical work and partnerships:
  - July 2024 IMF working paper “Understanding Barriers to Financial Access: Insights from Bank Pricing Data” (collaboration with United Nations Capital Development Fund) uses bank pricing and FAS data to discuss policies for affordability in low-income and emerging economies in Africa.
  - STA developed a comprehensive FAS work plan for Phases I and II incorporating the D4D mid-term evaluation and the FAS Advisory Group feedback.
  - Collaboration examples: Cambridge Center for Alternative Finance access to historical digital lending and capital raising data; ongoing discussions with Consultative Group to Assist the Poor.
  - STA presented FAS updates related to DGI-3 Recommendation 12 at the G20 DGI-3 conference in Brazil in May 2024; a workshop to finalize the DGI-3 template is set for January 2025 in South Africa.
  - A DGI-3 R-12-linked FAS pilot was launched in FY24 involving over 100 countries; a second pilot is planned.
- Usage ranking:
  - Between May and November 2024, the FAS was the 7th most-downloaded IMF dataset (out of 24 datasets).

### Multilingual online learning curriculum — progress and demand
- Curriculum rollout status:
  - Ten out of twelve courses released as of December 2023.
  - Over 16,000 participants have benefited from 96 offerings of D4D-funded online courses.
  - Participant composition:
    - More than half from low- and lower middle-income countries.
    - Almost a third from Africa.
    - A sixth from fragile and conflict-affected states.
- Course launches during reporting period:
  - MFSx in English launched in October 2024.
  - FSIx in Spanish launched in November 2024.
- Additional course offerings during the reporting period included: PPIx, QNA/HFIx, EDSx, CPIx, NASx, BOP-IIPx, GFSx, and PSDSx in English, French, and Spanish.
- Translation and development progress:
  - Translation of PPIx (French, Spanish) and FSIx (French) is almost complete.
  - Development of the last two courses, ISAx and RPPIx, is on track.
- Micro-learning and outreach:
  - Micro-learning video clips prepared from course material; playlists for PSDSx, GFSx, BOP-IIPx, CPIx, FSIx and QNA/HFIx already on the YouTube IMF Institute Learning Channel; PPIx and NASx clips to be posted soon.
  - YouTube subscriber metrics:
    - Total subscribers as of end-November 2024: 18,217.
    - New subscribers since January: 2,527.

### Fundraising for Phase II (D4D-II)
- Overall D4D Fund Phase II envelope: $45 million.
- Mobilized from partners as of end-November 2024: $8.2 million (partners: Luxembourg, China, Switzerland, Korea) in both signed and unsigned agreements.
- Percentage of Phase II envelope mobilized: 18 percent.
- Financing gap (immediate additional commitments required): $36.8 million.
- Fundraising focus: secure additional financing from existing partners and engage new partners.
- Planned outreach: High-level Partnership Event to introduce D4D-II during the Spring Meetings in April 2025.

### Looking ahead: June 2025 Steering Committee meeting
- Annual SC meeting expected in June 2025 (format to be decided).
- Meeting agenda will include:
  - Program implementation, results, and impact by the end of Phase I.
  - Use of D4D Fund resources.
  - First work program and resources for Phase II.
  - Fundraising situation and prospects.
- SC members will receive briefing materials ahead of the meeting.

### Annex — Remote D4D-funded ad-hoc assistance (May–November 2024)
- Background:
  - In June 2020, the SC approved a lump-sum allocation equal to 10 percent of the budget of Module 1 (around $292,000) to support remote ad-hoc assistance limited to engagements taking less than one business day of staff time.
- Activity and costs (May–November 2024):
  - STA completed interventions on 29 requests for ad-hoc assistance (against 12 for the same period in 2023).
  - Total expense: $32,592 (against $10,940 for the same period in 2023).
  - Topic breakdown: 15 interventions related to fiscal and debt reporting; 9 interventions concerned ESS; 5 addressed real sector statistics.
  - Regional demand: Africa 13; Middle East and Central Asia 10; Western Hemisphere 4; Asia-Pacific 2.
- Examples of ad-hoc support provided (September–November 2024):
  - Assisted Benin in recording quota increase in the TOFE.
  - Supported Cabo Verde in resolving discrepancy between transport data and tourism statistics.
  - Guided Liberia on preparing external trade survey questionnaires and survey samples.
  - Advised Suriname on the recording of subsidies and settlements between electricity and oil company.
  - Helped Uzbekistan adjust data on remittances.
  - Aided Yemen on BOP methodology and data sources.
  - Discussed with Zambia the special drawing rights gross central government position.

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_Source: https://www.imf.org/-/media/files/capacity-developement/d4d/january-2025/mid-year-report-to-d4d-sc-2025.pdf_