## D4D Fund Phase II — First Work Plan (FY26-FY27Q2)

## Source details

**Canonical URL:** [D4D Fund Phase II — First Work Plan (FY26-FY27Q2)](https://www.imf.org/-/media/files/capacity-developement/d4d/june-2025/ppt-d4d-ii-first-work-plan-fy26-27q2.pdf)

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### Key Demand Drivers
- Fostering data transparency and public accountability.
- LLMIC resource envelopes for statistics constrained by public finances and ODA policy shifts.
- Increasing collaboration with international/regional development partners for greater impact and sustainability.
- Global policy uncertainties and shifts triggering demands for timelier and more granular indicators to analyze/assess shocks.
- Countries’ adoption of updated statistical standards to better measure digitalization and develop more policy-relevant datasets (climate, inclusion, gender, trade).
- Fragile and conflict-affected states: formidable data needs while building institutional capacity.

### D4D-II Objectives
- (i) Strengthening national statistical systems to cope with a challenging national and international policy environment.
- (ii) Fostering data transparency and accountability.
- Module-level objectives:
  - ACCESS: better and more data to empower policymaking and enhance public transparency and accountability.
  - SUPPORT: financial inclusion policymaking in the face of evolving financial services and needs.
  - EXPAND: global reach of statistics training through a structured online learning curriculum.
  - STRENGTHEN: data transparency, by supporting countries to adopt the IMF Data Standards Initiatives.
  - BUILD: select macro-relevant environmental and climate change statistics.

### D4D-II First Work Plan: Overview and Budget
- Total: $12.2 Million for the inaugural 18-month work plan (FY26-FY27Q2).
- D4D-II Estimated Budget (FY26-27Q2) — module-level allocations:
  - Module 1: $7.8 Million
  - Module 2: $1.4 Million
  - Module 3: $0.7 Million
  - Module 4: $0.5 Million
  - Module 5: $0.6 Million
  - Other Costs2: $1.2 Million
    - Note: Other Costs are composed of: Program Management, Governance and Evaluation, and Trust Fund Management Fees.
- CD Activities planned: TOTAL: 165 CD activities planned.
- CD Activities by workstream (percentage of total):
  - Real Sector Statistics (RSS): 42
  - External Sector Statistics (ESS): 21
  - Fiscal and Debt Reporting (GFS/PSDS): 28
  - Financial Access Survey (FAS): 2
  - Dissemination and Use: 3
  - Environmental and Climate Change Statistics (ECCS): 1

### Module 1 — Real Sector, External Sector, Fiscal and Debt Work Plans
- Module 1: RSS Work Plan
  - Regional distribution and planned activities:
    - MCD: 12; EUR: 1; APD: 4; AFR: 2 (National Accounts Statistics)
    - Planned Technical Assistance activities: 23; 1 Regional Workshop in the MCD region
    - Prices: Develop or update CPI, PPI, RPPI; Inflation monitoring and real estate market insights.
    - High-Frequency Indicators: Develop Monthly Index of Economic Growth (MIEG); Integrate nontraditional data sources (e.g., VAT, Big Data).
    - Technical Assistance activities by region examples: APD: 8, WHD: 3, AFR: 3, MCD: 3; AFR: 5, WHD: 1, APD: 1, MCD: 1.
    - Placeholders noted: (+Placeholders: 5), (+ Placeholders: 8), (+Placeholders: 8).
- Module 1: ESS and GFS/PSDS Work Plan
  - External Sector Statistics:
    - Strengthen balance of payments, international investment position, and external debt statistics.
    - Support adoption of BPM7 and improved cross-border risk monitoring.
  - Fiscal and Public Debt Statistics:
    - Improve government finance and public sector debt statistics.
    - Support adoption of GFSM 2014 and enhanced debt transparency.
  - Planned activities and distributions:
    - AFR: 16; MCD: 6; APD: 5 for ESS.
    - AFR: 15; WHD: 2; MCD: 11; APD: 4 for GFS/PSDS.
    - 32 Technical Assistance activities; 2 Thematic Workshops; 46 Technical Assistance activities (*including 11 placeholders); Regional Distribution (+ Placeholders: 19).

### Bridging Phases I and II — Country Cases (Module 1 examples)
- HONDURAS:
  - GDP rebasing underway, following an initial mission on survey design and data expansion, leading to more accurate, relevant, and policy-useful economic data.
- BANGLADESH:
  - Continued support for compiling the MIEG to help sustain the production of HFIs and strengthen communication with data users, addressing persistent gaps in the timeliness and visibility of national accounts.
- UZBEKISTAN:
  - Revised international merchandise trade statistics, aligned with the BOP framework and global standards, to enhance the quality, consistency, and international comparability of trade data, addressing long-standing methodological gaps.
- CENTRAL AFRICAN REPUBLIC:
  - Enhancing fiscal transparency by compiling and disseminating high-frequency fiscal and debt statistics, including the development of public sector financial balance sheets; and expanding institutional coverage.

### Module 2 — Financial Access Survey (FAS)
- Online Curriculum and FAS linkages:
  - FAS objectives:
    - Expand FAS coverage.
    - Improve gender-disaggregated and digital finance indicators.
    - Pilot new indicators (financial health, fintech, SME access).
    - Apply advisory group recommendations.
    - Regional and virtual workshops; Peer learning and policy applications.
  - Advisory and methodological improvements planned; emphasis on expanding coverage and piloting policy-relevant indicators.

### Module 3 — Online Learning
- Online Curriculum: 12 Courses
  - Course topics include: Government Finance Statistics; FSIx; QNA/HFIx; Producer, Export, and Import Price Index; Monetary and Financial Statistics; Residential Property Price Index; Institutional Sector Accounts.
- Course features:
  - Course Updates aligning to international standards: BPM 7; SNA2025.
  - Microlearning; Multilingual Access; Blended Learning.
  - 4 LANGUAGES noted for delivery.
  - Objective pillars: Strengthen Data Collection; Enhance Methodology; Promote Use & Learning.

### Module 4 — Data Dissemination and Use
- Focus and scope:
  - SDMX implementation in sub-Saharan Africa.
  - No new activities under Data Standards submodule (due to ongoing Japan-funded project).
  - Data Use submodule deferred to next work plan.
  - Joint workshops and technical assistance missions for SDMX submodule.
- Objectives:
  - Strengthen data governance frameworks.
  - Enhance metadata and dissemination systems.
  - Promote open and transparent data licensing.

### Module 5 — Environmental and Climate Change Statistics (ECCS)
- Objectives and approach:
  - Support countries in compiling macro-relevant environmental and climate change statistics.
  - Align with international standards (SNA2025, BPM7, SEEA).
  - TA missions planned in Morocco, Pakistan, Uganda.
  - Workshops with UNSIAP and KOSTAT for APD countries.
  - Diagnostic missions to assess needs and develop tailored workplans.
  - Leverage Big Data and geospatial datasets.
  - Foster inter-institutional collaboration.
  - Draw on experiences of SECO pilot project.

### Results Framework, Monitoring, and Strategic Focus
- Objectives indicators drawing on the SMART methodology: Specific, Measurable, Achievable, Relevant, Time-bound.
- Example: D4D-II ESS Strategic Log frame
  - Objective: Strengthen compilation and dissemination of balance of payments and international investment position statistics to allow policymakers to monitor and assess cross-border risks and vulnerabilities.
  - Outcome and Impact Indicator:
    - "At least 15 countries develop and utilize new surveys and other source data to improve the coverage of direct investment, other sectors coverage, remittances, and informal trade statistics. Source data are adequate."
  - Data Sources:
    - Follow-up assessments through IMF CD activities.
    - Dissemination on NSDPs, IMF databases, and/or country websites.
    - Data Adequacy Assessment in IMF Article IV and program staff reports (see Annex slide).
- Need for refining how results are defined, and progress is tracked to better capture long-term impact.
- D4D-II Strategic Log Frame: Updated framework introduced country- and region-specific outcomes, to tailor support to local contexts and enabling broader progress tracking.

### Fundraising Status (D4D-II Total Budget Envelope, May 2025 – April 2030)
- D4D-II Total Budget Envelope: $45 Million.
- Contributions Secured: $14.3 Million (32%).
- Funding Gap: $30.7 Million (68%).
- Pending/Committed: $8.2 Million (57% of secured?).
- Received: $6.1 Million (43% of secured?).

### Issues for Endorsement and Key Questions for Discussion
- The IMF seeks the Steering Committee’s endorsement for:
  - D4D-II First Workplan and Budget: approval of the initial budget of $12,240,478 required for the inaugural work plan to implement a full-fledged 18-month work plan.
  - D4D-II Operational Guidance Note: update reflecting the new modular structure of D4D-II.
  - D4D-II Steering Committee Meetings Format: proposal to hold in-person meetings in years 3 (2028, External Evaluation) and 5 (2030, Closing); virtual-only for 2026, 2027, and 2029.
- Key Questions for Discussion:
  - Is the proposed first work plan aligned with D4D-II objectives?
  - Is it appropriately scoped in size?
  - Is it geographically balanced?
  - Views on enhanced strategic log frame and monitoring?

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_Source: https://www.imf.org/-/media/files/capacity-developement/d4d/june-2025/ppt-d4d-ii-first-work-plan-fy26-27q2.pdf_