## D4D Fund Phase II

## Source details

**Canonical URL:** [D4D Fund Phase II](https://www.imf.org/-/media/files/capacity-developement/d4d/june-2024/09-d4d-fund-phase-ii.pdf)

## Other formats

- [Markdown version](/-/media/files/capacity-developement/d4d/june-2024/09-d4d-fund-phase-ii.pdf.md)
- [Structured JSON version](/-/media/files/capacity-developement/d4d/june-2024/09-d4d-fund-phase-ii.pdf.json)

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### Key drivers of capacity development (CD) needs on statistics
- Enduring demand for staple macroeconomic statistics to support inclusive growth, price stability, debt sustainability, financial stability, and addressing external imbalances (IMF Statistics Department).
- Growing demand for policy-relevant and timelier data driven by digital technologies, sustainability (climate change), demographics, and geopolitics.
- Changing CD needs as countries enter and exit fragility.
- Need to implement methodological and dissemination standards to compile policy-relevant, reliable, and cross-country comparable data, tailored to national statistical capacity and complementary to other CD delivery vehicles.
- Importance of advancing data standards to foster transparency.

### Medium-term outlook for LLMICs and rationale for a successor D4D
- Continued requirement for support in macroeconomic domains (real, external, government finance).
- Revisions to international methodological standards (BPM7 and 2025 SNA) motivate updated training and technical assistance.
- Climate and environmental statistics emerging as macro-relevant priorities requiring targeted CD.

### Proposed modular structure and expected outcomes (Modules M1–M5)
- M1 — Building Better Macroeconomic Statistics: 
  - High-Frequency Indicators of Economic Activity.
  - Price Statistics (CPI, PPI, XMPI, RPPI, CPPI).
  - Strengthening National Accounts, including support in implementing 2025 SNA.
  - Strengthening balance of payments, international investment position and external debt statistics, including support in implementing BPM7.
  - Strengthening GFS/PSDS.
  - Objective: help countries compile and disseminate data in real, external, and government finance domains to support policy analysis, formulation, and detection of economic risks and vulnerabilities.
- M2 — Financial Access Survey (FAS):
  - Sustain and expand the FAS database collecting supply-side information on financial access and usage to inform policies addressing inequality in financial inclusion.
- M3 — Online Learning:
  - Produce new and/or update existing courses addressing BPM7 and 2025 SNA revisions to be launched in 2025.
  - Produce and launch data user-oriented short videos highlighting key changes in BPM7 / 2025 SNA.
  - Produce and launch new intermediate courses to complement foundational courses, facilitate blended learning, and support hybrid CD delivery.
  - Examples: international trade in goods and services; international reserves and integrated IIP; SDMX and NSDP.
- M4 — Advancing Data Dissemination and Use:
  - Support remaining countries to implement the first tier of the IMF Data Standards framework, the enhanced General Data Dissemination System (e-GDDS), by publishing data on a National Summary Data Page (NSDP).
  - Support e-GDDS countries to advance to the Special Data Dissemination Standard (SDDS).
  - Build on the Japan Sub-Account-funded Project on Improving Data Dissemination for Globally Selected Countries (commenced in 2021).
  - Develop and implement a program to strengthen CD impact monitoring, including systematic user outreach and integration across modules.
- M5 — Environmental and Climate Change Statistics:
  - Help countries compile and disseminate macro-relevant environmental and climate change statistics across domains that support national policymaking and complement the broader IMF climate agenda.
  - CD engagements will build on lessons from the existing SECO-funded pilot project and comprise country needs assessments aligned with national authority priorities.
  - Figure of eight products/programs: Air Emissions Accounts; Carbon Footprints; Mineral and Energy Accounts; Sustainable Finance; Physical and Transition Risk Indicators; Environmental Taxes; Environmental Activity Indicators; Government Environmental Expenditures; Energy Accounts.

### Delivery modalities
- SINGLE COUNTRY TRAINING: inclusion of training components in TA missions in exceptional circumstances to help low-capacity countries build institutional knowledge.
- CONTINUOUS ENGAGEMENT: in-between missions to move from pure CD delivery to change management approaches.
- LONG-TERM EXPERTS: sustained field presence where needed for groups of countries to reach statistical development results.
- MULTI-COUNTRY TRAINING: structured workshops on specialized topics targeted to groups of countries.
- TA MISSION: traditional CD delivery targeted to single topics and hands-on data capacity challenges.
- ONLINE LEARNING: asynchronous courses on foundational statistical concepts or policy relevance of specific indicators.
- BLENDED LEARNING: mix of asynchronous (self-paced) virtual and synchronous (in-person or virtual) training for greater CD impact.

### Budget and financial structure (FY 2026–30)
- Total: $45 Million (stated as TOTAL: $45 Million).
- Module budgets (percentage of total and dollar totals provided):
  - Module 1: $20.7 Million (listed as Module 1 $20.7 Million).
  - Module 2: $3.5 Million.
  - Module 3: $5.4 Million.
  - Module 4: $5.2 Million.
  - Module 5: $3.8 Million.
  - Other Costs*: $4.5 Million.
    - *Other Costs are composed of: Program Management, Governance and Evaluation, and Trust Fund Management Fees.
- D4D-II Estimated Budget (FY 2026-30) in US$ (annual subtotals and totals as presented):
  - Module 1 - Addressing Data Needs to Empower Policymaking total: 20,681,444
    - Fiscal and Public Debt Statistics subtotal: 8,272,578
    - External Sector Statistics subtotal: 5,170,361
    - Real Sector Statistics subtotal: 7,238,505
    - Annual Module 1 values: FY 2026: 4,009,144; FY 2027: 4,020,989; FY 2028: 4,117,493; FY 2029: 4,216,313; FY 2030: 4,317,505
  - Module 2 - Financial Access Survey total: 3,519,284
    - Annual values: FY 2026: 682,221; FY 2027: 684,237; FY 2028: 700,658; FY 2029: 717,474; FY 2030: 734,694
  - Module 3 - Online Learning total: 5,377,364
    - Annual values: each FY 2026–2030: 1,075,473
  - Module 4 - Data Dissemination and Use total: 5,152,513
    - Annual values: FY 2026: 998,826; FY 2027: 1,001,777; FY 2028: 1,025,820; FY 2029: 1,050,440; FY 2030: 1,075,650
    - Data Standards subtotal: 3,606,759
    - SDMX subtotal: 1,288,128
    - Data Use subtotal: 257,626
  - Module 5 - Environmental and Climate Change Statistics total: 5,817,362
    - Annual values: FY 2026: 1,940,071; FY 2027: 932,328; FY 2028: 956,568; FY 2029: 981,439; FY 2030: 1,006,956
  - Program Management total: 1,272,932 (annual FY 2026: 246,761; FY 2027: 247,490; FY 2028: 253,430; FY 2029: 259,512; FY 2030: 265,740)
  - Governance & Evaluation total: 282,200 (annual FY 2026: 15,000; FY 2027: 15,000; FY 2028: 83,770; FY 2029: 153,430; FY 2030: 15,000)
  - Total (module and program amounts, excluding fees): 42,103,099 (annual FY totals: FY 2026: 8,967,495; FY 2027: 7,977,294; FY 2028: 8,213,212; FY 2029: 8,454,081; FY 2030: 8,491,018)
  - 7% TFM Fees: total 2,947,217 (annual: FY 2026: 627,725; FY 2027: 558,411; FY 2028: 574,925; FY 2029: 591,786; FY 2030: 594,371)
  - Total (including 7% TFM): 45,050,316 (annual FY totals: FY 2026: 9,595,221; FY 2027: 8,535,705; FY 2028: 8,788,137; FY 2029: 9,045,867; FY 2030: 9,085,389)

### Strategic log frame and expected results
- Results-based management outcomes focus on:
  - Data Dissemination and Use: continue engagement on the DSI to enhance data transparency; continue D4D-I-supported migration to SDMX; focus on data use to strengthen CD impact monitoring.
  - Financial Access Survey (M2): continuity and expansion of FAS.
  - Online Learning (M3): updated and new courses aligned with BPM7 and 2025 SNA.
  - Better Macroeconomic Statistics (M1): broadly unchanged core objective to improve macro statistics.
  - Environmental and Climate Change Statistics (M5): new climate-related data sets compiled and disseminated.

### Other considerations and policy design choices
- Fundraising and timing:
  - Donors’ budgetary cycles impact fundraising timeline to start D4D Fund Phase II in May 2025.
- Integration:
  - Integration with IMF surveillance and programs (area departments).
  - Integration with other IMF CD work (RCDCs, other trust funds).
  - Coordination with other development partners (World Bank, regional banks, UN system, etc.).
- Country eligibility (proposals):
  - Extend eligibility (M1, M4, M5) to respond to CD needs of vulnerable non-LLMIC countries with statistical capacity constraints.
    - Within a ten percent range from the LLMIC ceiling as a permanent feature.
    - On a case-by-case basis, preferably at program level, but at least for Module 4 and Module 5.
    - To maintain engagement with countries initially in the LLMIC group if they leave the grouping during the phase.
    - To countries with an incomplete project at the end of D4D-I, even if the country classification changes.
- IMF Statistics Department expanding roster of short-term experts to include environmental accountants.

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_Source: https://www.imf.org/-/media/files/capacity-developement/d4d/june-2024/09-d4d-fund-phase-ii.pdf_