## D4D Fund Phase I — Final Implementation and Results

## Source details

**Canonical URL:** [D4D Fund Phase I — Final Implementation and Results](https://www.imf.org/-/media/files/capacity-developement/d4d/june-2025/ppt-d4d-i-final-report.pdf)

## Other formats

- [Markdown version](/-/media/files/capacity-developement/d4d/june-2025/ppt-d4d-i-final-report.pdf.md)
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### Context and overarching impact
- Objective: Putting more and better data in the hands of decision-makers to enhance evidence-based macroeconomic policies.
- Focus: Strengthen national statistical systems, promote transparency and accountability, and offer efficiency solutions to capacity development (CD).
- Needs assessment considerations: demand from countries; policy relevance; identified data gaps and data quality concerns; complementarity of CD provided out of the IMF’s Regional Capacity Development Centers and bilateral CD projects; flexibility in reacting to a country’s capacity and readiness to accept CD.
- Operating context: D4D-I executed during COVID-19, food and energy insecurity, inflation, debt, global and regional conflicts, and other policy crises; strained public finances affected countries’ ability to compile and assess information required to design appropriate policies.
- Reported broad impacts:
  - Placed more and better data in the hands of decision-makers through new and policy-relevant statistical products.
  - Galvanized further support for statistical development and reforms.
  - Enabled business continuity during the COVID-19 pandemic.
  - Strengthened institutional capacity and statistical literacy globally.
  - Advanced data accessibility to promote transparency and public trust.

### CD implementation: scope, coverage, and activity volumes
- Phase I period: May 2018 to April 2025.
- Total CD activities delivered: 507 activities.
  - 408 technical assistance (TA) missions.
  - 99 training workshops.
- Between May 2020 and April 2025: 297 ad-hoc assistance requests supported.
- Regional distribution (Number of TA Missions; FY 2019-25):
  - AFR: 54%
  - APD: 21%
  - MCD: 19%
  - WHD: 5%
  - EUR: 1%
  - AFR: 38 countries
  - APD: 12 countries
  - MCD: 16 countries
  - EUR: 2 countries
  - WHD: 4 countries
- Reported cumulative financial and activity summary:
  - $32.6 Million
  - 507 Activities

### Module- and module-submodule level results and success stories
- Module 1 (Addressing Data Needs and Quality Concerns) — aggregate:
  - Final Budget Allocation FY19-25 (A): 18,101,805
  - Share of Total Budget Envelope (%): 54%
  - Expenses FY19-FY25 (as of end April 30th, 2025) (B): 17,824,528
  - Phase I Remaining Balance (A-B): 277,277

- Module M1: Submodule Real Sector Statistics
  - Final Budget Allocation FY19-25 (A): 6,445,973
  - Share of Total Budget Envelope (%): 19%
  - Expenses FY19-FY25 (as of end April 30th, 2025) (B): 6,328,482
  - Phase I Remaining Balance (A-B): 117,491
  - Reported results (M1-NAS / NASx):
    - 91 CD activities delivered
    - 69 TA missions benefiting 37 countries
    - 22 Regional workshops
    - Seven countries published GDP estimates with a new base year: Angola, Burundi, Cambodia, Kenya, Senegal, Sierra Leone, Vietnam.
    - Ten countries published updated CPI: Bhutan, Kiribati, WAEMU (8 countries).
    - Four countries published updated PPI: Bhutan, Indonesia, Namibia, Vietnam.
    - Indonesia published updated XMPI.
    - Country highlights: WAEMU region harmonized CPI; Vietnam updated GDP benchmark year to 2020 and new services PPIs and supply-use tables; Sierra Leone rebasing revealed non-observed economy contributes nearly 79% of GDP; Bhutan new CPI with regional indices; Philippines first services PPIs.

- Module M1: Submodule High-Frequency Indicators (M1-HFI)
  - Reported results:
    - 53 CD activities delivered
    - 43 TA missions benefiting 27 countries
    - 10 Regional workshops
    - Uses of MIEG: budget forecasting and revenue analysis, real-time economic monitoring and policy formulation, financial market assessments and macroeconomic risk analysis.
    - Country highlights: Central African Republic & Togo used MIEG for macroeconomic modeling and quarterly GDP gaps; Mongolia for forecasting and budget planning; Bhutan for nowcasting and fiscal planning; Jordan for monetary policy and short-term forecasting; Ghana used VAT as source data supporting transition to quarterly GDP.

- Module M1: Submodule Residential Property Price Indices (M1-RPPI)
  - Reported results:
    - 53 CD activities delivered
    - 48 TA missions benefiting 20 countries
    - 5 Regional workshops
    - Country highlights: Armenia first-time RPPI to be published in 2025; Cambodia first RPPI in 2022; Mongolia new monthly RPPI replacing basic quarterly index; Philippines enhanced RPPI published in June 2025; Sri Lanka updated RPPI used for price stability and financial risk monitoring.

- Module M1: Submodule External Sector Statistics (M1-ESS)
  - Reported results:
    - 127 CD activities delivered
    - 105 TA missions benefiting 53 countries
    - 22 Regional workshops
    - Reported outcomes:
      - New external sector data in Angola, The Gambia, and Rwanda.
      - Faster and more frequent trade and financial statistics in Cameroon, Malawi, Sierra Leone.
      - New data on digital and informal trade in Armenia, Cameroon, El Salvador, Liberia, Morocco.
      - Better tracking of remittances and external debt in Jordan, Namibia, Uzbekistan.
      - Adoption of international standards for external sector statistics in Ghana, Tunisia, and countries in the Economic and Monetary Community of Central Africa.
    - Highlighted success story: Jordan — Central Bank significantly improved coverage and timeliness of remittance and direct investment statistics by integrating money transfer operators and enterprise surveys; enhancements inform macroeconomic analysis, external sector assessments, and investment strategies.

- Module M1: Submodule Fiscal and Debt Reporting (M1-GFS/PSDS)
  - Final Budget Allocation FY19-25 (A): 6,156,978
  - Share of Total Budget Envelope (%): 18%
  - Expenses FY19-FY25 (as of end April 30th, 2025) (B): 6,117,895
  - Phase I Remaining Balance (A-B): 39,083
  - Reported results:
    - 161 CD activities delivered
    - 140 TA missions benefiting 57 countries
    - 21 Regional workshops
    - Reported outcomes:
      - Broader coverage of public finances: Over 30 countries expanded fiscal data.
      - Better data quality: Over 40 countries improved classification and reporting.
      - Greater transparency: Nearly two-thirds of beneficiary countries now regularly report GFS to the IMF for publication.
      - Major strides in fiscal reporting in Côte d’Ivoire, Georgia, Guinea-Bissau, Papua New Guinea.
      - Country highlights: Gambia adopted GFSM 2014 and upgraded financial management system; Angola enabled compilation of high-frequency fiscal data; Mozambique developed public sector institutional table and comprehensive debt database.
    - GFSM adoption: From: 31 (2017) To : 45 (2025)

- Ad-hoc Advisory Services
  - Final Budget Allocation FY19-25 (A): 286,065
  - Share of Total Budget Envelope (%): 1%
  - Expenses FY19-FY25 (as of end April 30th, 2025) (B): 276,398
  - Phase I Remaining Balance (A-B): 9,667

- Module 2: Financial Access Survey (FAS / M2)
  - Final Budget Allocation FY19-25 (A): 3,623,129
  - Share of Total Budget Envelope (%): 11%
  - Expenses FY19-FY25 (as of end April 30th, 2025) (B): 3,561,670
  - Phase I Remaining Balance (A-B): 61,459
  - Reported results:
    - FAS data widely used in national financial inclusion strategies and IMF surveillance.
    - Continuous expansion of FAS questionnaire; new indicators piloted in 2024 and 2025 to capture fintech services, loan pricing, and financial health.
    - Increase in data reporters:
      - Gender-disaggregated data: From: 66 To : 84
      - Mobile Money: From: 35 To : 90
    - FAS coverage expanded to 192 economies, including 78 of 80 LLMICs and 36 of 39 FCS.

- Module 3: Online Learning (M3)
  - Final Budget Allocation FY19-25 (A): 7,186,811
  - Share of Total Budget Envelope (%): 22%
  - Expenses FY19-FY25 (as of end April 30th, 2025) (B): 6,902,263
  - Phase I Remaining Balance (A-B): 284,548
  - Reported results:
    - Number of Online Course Offerings: 103
    - Course categories and counts listed: NASx: 12, BOP/IIX: 15, GFSx: 16, PSDSx: 21, QNA/HFIx: 8, CPIx: 9, EDSx: 8, MFSx: 4, FSIx: 6, PPIx: 4*, ISAx: 1, RPPIx: 1
    - Languages: 3
    - Targeted behavioral survey findings (participants from eight D4D-funded courses) — AGREED OR STRONGLY AGREED:
      - "It helped improve my leadership capacity in my work.": 87%
      - "It helped me carry out my work more effectively.": 90%
      - "It helped me promote current or new initiatives, projects, or programs in my work.": 97%
      - "It helped me improve national data.": 88%
      - "It allowed me to apply new methodologies, tools, or technologies to my work.": 94%
    - Already Benefited: 17,000 Participants
    - Note: PPIx in French and Spanish was launched on 29 April 2025

- Module 4: Statistical Information Management (SIM / M4)
  - Final Budget Allocation FY19-25 (A): 477,365
  - Share of Total Budget Envelope (%): 1%
  - Expenses FY19-FY25 (as of end April 30th, 2025) (B): 427,830
  - Phase I Remaining Balance (A-B): 49,535
  - Reported results:
    - SIM support helped countries modernize macroeconomic data management and sharing.
    - 24 African countries now use SDMX-enabled National Summary Data Pages.
    - Workshops delivered in partnership with the African Development Bank (AfDB).
    - In 2024, IMF’s Big Data Center and AfDB co-hosted the first Big Data for Macroeconomic Statistics regional workshop in Africa.
    - Introduced tools like PortWatch, which uses satellite and shipping data to monitor trade flows in near real-time.

- RM Project Manager
  - Final Budget Allocation FY19-25 (A): 1,598,604
  - Share of Total Budget Envelope (%): 5%
  - Expenses FY19-FY25 (as of end April 30th, 2025) (B): 1,548,261
  - Phase I Remaining Balance (A-B): 50,343

- Sub total and governance/fees/closing items:
  - Sub total Final Budget Allocation (A): 30,987,713
  - Sub total Expenses FY19-FY25 (B): 30,264,552
  - Sub total Phase I Remaining Balance (A-B): 723,161
  - Governance and Evaluation: Final Budget Allocation: 184,590; Expenses: 178,696; Remaining Balance: 5,894
  - TF Management Fee (7%): Final Budget Allocation: 2,182,061; Expenses: 2,131,027; Remaining Balance: 51,034
  - Unreceived Balance Funds: (147,815)
  - Total Final Budget Allocation FY19-25: 33,354,365
  - Total Expenses FY19-FY25 (as of end April 30th, 2025): 32,574,276
  - Total Phase I Remaining Balance: 632,274

### Key outcomes, methodological advances, and use cases
- High-frequency indicators and MIEG now used for budget forecasting, revenue analysis, real-time monitoring, and market risk assessments.
- New and updated indices (CPI, PPI, XMPI, RPPI) supporting monetary policy, fiscal planning, public investment, debt management, and financial stability analysis.
- Expanded external sector statistics coverage and timeliness; better tracking of remittances and external debt; integration of new data sources (money transfer operators, enterprise surveys).
- Fiscal reporting improvements: broader fiscal coverage, better classification, greater transparency, and increased reporting of GFS to IMF.
- FAS expansion and new indicators to capture fintech and financial health; marked increases in gender-disaggregated reporters and mobile money reporters; coverage reached 192 economies.
- Online learning: 103 offerings across multiple macroeconomic statistics topics; high participant-reported utility and application of learning.
- SIM and Big Data innovations (e.g., PortWatch) introduced new near real-time monitoring capabilities for trade flows, particularly useful for countries with limited traditional data sources.

### For endorsement and next steps
- Final financial position and recommendation:
  - The IMF seeks the Steering Committee’s approval to formally close D4D-I.
  - The IMF recommends proceeding with the official closure.
  - Pending accruals, the budget envelope allocated to D4D-I is expected to be fully utilized.

### Questions for discussion (as posed)
- Were the scope, content, and balance (by module and region) of the work program under D4D-I appropriate?
- What are your views on the impact that D4D-I has made?

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_Source: https://www.imf.org/-/media/files/capacity-developement/d4d/june-2025/ppt-d4d-i-final-report.pdf_