## G20 economies: Notes on status of progress and key challenges ## Source details **Canonical URL:** [G20 economies: Notes on status of progress and key challenges](https://www.imf.org/-/media/files/research/imf-and-g20/2021/g20-economies-notes-on-status-of-progress-and-key-challenges.pdf) ## Other formats - [Markdown version](/-/media/files/research/imf-and-g20/2021/g20-economies-notes-on-status-of-progress-and-key-challenges.pdf.md) - [Structured JSON version](/-/media/files/research/imf-and-g20/2021/g20-economies-notes-on-status-of-progress-and-key-challenges.pdf.json) --- ### India - Rec II.12: India moved from annual to semi-annual frequency for CPIS data compilation in 2014 with sector of resident holder table. Intermediate targets of Semi-annual CPIS (reporting of core tables) and Sector of holder table have been met. - Rec. II.13: India is compliant to the CDIS reporting requirement since 2010. - Rec. II.14: The Statistics Department of the Reserve Bank of India is compiling data on Foreign Affiliate Trade Statistics as part of CDIS data collection and reporting the same to the IMF. - Rec. II.15: - Concordance tables for conversion of Central and State Government budget data into GFS format have been finalized by the Office of Comptroller and Auditor General of India (O/o C&AG) and the Office of Controller General of Accounts (O/o CGA) respectively. - Central Government GFS: Test data for Central Government GFS 2019-20 Q3, 2019-20 Q4, 2020-21 Q1 and 2020-21 Q2 was shared with IMF South Asia Regional Training and Technical Assistance Centre (SARTTAC) and their inputs have been received. Data for GFS 2020-21 Q3 and Q4 is under preparation by O/o CGA; once prepared, it will be shared with IMF SARTTAC for feedback. - State Government GFS: Under IMF SARTTAC technical assistance, two virtual workshops on GFS/PSDS for staff of A&E offices were organized in two batches covering 28 A&E offices from 8-12 and 22-26, June-2020. Translation of State fiscal data into GFSM classification is in the process of getting stabilized. A couple more trainings will be conducted for A&E office staff in the coming months. Ministry of Finance is the nodal agency for compilation of GFS for the country and reporting to IMF. For annual GFS, Union Government information is compiled by Ministry of Finance and State Governments information is compiled by the National Statistics Office, Ministry of Statistics and Programme Implementation, and forwarded to the Ministry of Finance. Budget documents of States are available for annual. - Rec. II.16: The Reserve Bank of India publishes consolidated central and state government annual fiscal data in the RBI Bulletin (Table No. 46). An estimate of comprehensive general government data including centre, states, local government and public sector enterprises is not available. The Reserve Bank of India is taking the initiative to compile municipal corporation finance data to fill the gap regarding local government finance; compilation of municipal corporation finance data is a work in progress. Test data for Central Government PSDS 2019-20 Q3, 2019-20 Q4, 2020-21 Q1 and 2020-21 Q2 was shared with SARTTAC and their inputs have been received. - Rec. II.17: The Reserve Bank of India has been compiling and forwarding the quarterly RPPI to BIS/ IMF. - Rec. II.18: No official agencies are compiling the CPPI for India. As both the Reserve Bank of India and the National Housing Bank are concentrating on developing the RPPI, compilation of CPPI will take some time. - Rec. II.19: India is forwarding 178 macro-economic data series to the BIS in SDMX format. Mapping of Quarterly National Accounts data with SDMX codes has been done and data reporting is in place. Conversion of Annual National Accounts and National Summary Data Page under SDDS into SDMX format is in progress. - Rec. II.20: Unit level data from Household Consumer Expenditure, Time Use Survey, Annual Survey of Industries, Periodic Labour Force Surveys, etc., conducted by Ministry of Statistics and Programme Implementation are available to the public at: - https://mospi.gov.in/web/mospi/download-tables-data - http://microdata.gov.in/nada43/index.php/home ### Indonesia - Overall: Indonesia has fulfilled most recommendations and some are in progress. - Rec. II.7: Regular reporting to BIS of table 1.1 stocks at nominal value and experimental table 1.2 stocks at market value and 3.1 from-whom-to-whom at market value, all with limitation of partial sector institutional coverage due to domestic practice of face value. In the second half of 2020, notable progress through cooperation among domestic bodies broadened valuation coverage. - Rec. II.8: Compilation and reconciliation of Annual and Quarterly Sectoral Accounts and Balance Sheets for Q1 2015-Q1 2019 completed and reviewed. Dissemination to be addressed in 2021. Development is a collaborative national project involving Statistics Indonesia, Central Bank, Financial Services Authority, Ministry of Finance, and Ministry of State-Owned Enterprises. - Rec. II.10: Indonesia has published IIP on quarterly basis since 2014. In September 2019, Indonesia submitted separate identification of OFCs for period of Q1 2018 onwards. The IIP breakdown by currency of debt instrument in asset and liabilities for period of Q1 2018 onwards was submitted in Q1 2021. - Rec. II.11: Quarterly LBS based on Stage-2 with updated confidentiality rules submitted since November 2017 for period of Q1 2017 onwards. Work ongoing to fully implement agreed IBS enhancements. Indonesia reported CBS test data to the BIS in Q2 2021. - Rec. II.12: Completed CPIS target with dissemination of semi-annual CPIS in 2018 and sector of holder table in 2019. - Rec. II.13: Completed CDIS target with dissemination of Inward Direct Investment with equity and debt split in 2018 and Outward Direct Investment in 2019. - Rec. II.15: Issued Indonesian Government Finance Statistics Manual adapted from IMF's 2014 GFSM. Compiled annual and quarterly general government finance statistics on a modified cash/accrual basis, and annual public sector finance statistics. Started to reconcile GFS with PSDS and full sequence of accounts/sectoral accounts balance sheet. Further enhancement needed to make GFS fully apply accrual basis, which requires fundamental changes in fiscal policy framework. ### Italy - Core requirements: Completed core requirements for all DGI-2 recommendations with defined data templates, except data on SFTs (Rec. II.5) where data submission is expected later in 2021. - IIP: Missing currency breakdown in IIP (Rec. II.10) has been recently transmitted. - Advanced ambitions: Italy will achieve many “more advanced ambitions” by conclusion of DGI-2. - Rec. II.9: Actively engaged in OECD-Eurostat Expert Group on Disparities in a National Accounts Framework (EG-DNA). Produced distributional estimates for household disposable income in coherence with Expert Group methodology for years 2015-2017. These estimates were published as experimental statistics in December 2020 on OECD and Eurostat websites. Italy intends to extend distributional estimates to more recent years and household consumption. Actively participating in ECB Expert Groups EG-LMM and EG-DFA aiming to compile experimental distributional results by end-2022. ### Japan - Rec. II.5: Steady progress in preparation of global SFT data collection and aggregation; started to collect SFT data from reporting parties, report all tables to the FSB since January 2019, and release new statistics on SFT since January 2020. - Rec. II.7: Started to report on self-commitments of the 2021-Targets to the BIS from July 2021. - Rec. II.8: Making efforts to meet requirements, especially by estimates, for parts of templates that capture features of systemic importance in Japan. For financial accounts, started to report Targets to the OECD from July 2021. Challenges remain for non-financial transactions due to lack of source data. - Rec. II.14: Developed a method to estimate the NFC sector in the CBS and been collecting additional IBS-related data from reporting banks. Started to transmit relevant data to the BIS since Q4 2019. - Rec. II.15: Adhered to the SDDS Plus in April 2016 and started to disseminate general government operations data since April 2021. - Rec. II.20: Emphasizes that, for sharing granular data, enhancing accessibility must be carefully weighted against protecting confidentiality. ### Korea - Bank of Korea is implementing most DGI-2 recommendations. - Rec. II.7: Already reporting core stock data at nominal value on debt securities to the BIS. Plans to report other self-commitments data by 2021. - Rec. II.8: Financial accounts targets achievable mainly via Korea's flow of funds statistics, except a few items. Plans to compile data by fully utilizing available raw data where possible. Running test calculations for quarterly compilation of income accounts and capital accounts. Plans detailed review on estimation procedure improvement and time series stability. ### Mexico - Rec. II.8: - On November 2018, INEGI published required openings in 2018 progress report DGI-2, including assets AN1121 Buildings other than dwellings, AN1122 Other structures and AN11 Fixed Assets. - Wider sectoral disaggregation added on same date for financial assets (AF1, AF2, AF3, AF4, AF5, AF6, and AF8) presented by institutional subsector; for asset AF6, openings included to second digit (AF.61, AF.62 AF.6M, AF.63, AF.64 Y AF.65). SDMX table T720 classification changed from confidential to free in December 2018. In December 2020 a new delivery for SDMX annual tables updated to 2019 was made corresponding to INEGI’s published data in November 2020; qualification requirement solved except for consolidated data and quarterly data. - Progress highlights: - Rec. II.7: Working on calculation of quarterly data on stocks of debt securities issues at market value (table 1.2), Net transactions at market value (table 1.3), debt securities holdings by sector at market value (table 2.1), and net transactions (table 2.2), to have all four tables ready (with data as of Q2 2021) by the beginning of December 2021. Quarterly data on stocks of debt securities issues at nominal value have already been published; BIS received data from Q4 2018 to Q2 2020. - Rec. II.8: On September 2, 2020, INEGI published Quarterly Accounts by Institutional Sector, series Q1 2008-Q1 2020. SDMX 7II and 7HH were sent to the OECD on December 7 and will be sent quarterly after publishing date as defined in the National Interest Information Calendar. Publication scheme divided into two blocks: series by institutional sector (institutional accounts, assets current and accumulation accounts, balances, detailed cash flow and database) and G20 standard (non-financial transactions, financial flows, financial stocks, inter-sectoral flows whom-to-whom and inter-sectoral stocks whom-to-whom). - Rec. II.9: INEGI has shared biennial information for years 2008-2018 with EG-DNA, available at OECD/Eurostat experimental statistics. - Rec. II.10: Intermediate target 2: Banco de México currently has enough information to obtain a minimum currency composition for most items in the financial account. Calculations under way and expected to be released in Q2 2022. - Rec. II.11: Target – Fully implemented agreed IBS enhancements for LBS Stage I. Progress achieved in implementing most changes for Stage II of the IBS. Incorporated information for all financial instruments requested in both reports (LBS and CBS). Developing processes for classification needed as part of data structure definition to obtain SDMX code. - Challenges: - Rec. II.7: Developing a flexible and robust system to calculate all statistics and ensure accuracy. - Rec. II.8: For 2021, Mexico will publish recurrent updates for quarterly accounts by institutional sector 155 days after the quarter and continue work on Trend templates (Sector level 2 of original proposal), considering tables 4.a. New fin. trends (Q); 4.b. New fin. trends (A) and 5. From-whom-to-whom (Q & A). In September 2020, quarterly whom-to-whom sectoral tables were published; scope still being analyzed to cover sectoral requirement of templates. - Rec. II.9: INEGI scheduled to publish distributional results on household income, consumption, and saving in line with national accounts for the second half of 2021. Estimates produced coherently with EG-DNA methodology for 2008-2018 biannual series; considering publishing a longer series including 2020. Alternative methodologies being tested to distribute items lacking sufficient survey information. - Rec. II.10: Main challenge is achieving the greatest currency breakdown possible to meet the 2021 target. - Rec. II.11: Target – Fully implement agreed IBS enhancements for LBS Stage I. Statistical reports (CBS and LBS) for Stage II under development, including recent improvements, expected to be delivered at the end of 2021. ### Russia - FSIs: Since 2017 seven obligatory FSIs transmitted by the Bank of Russia to the IMF on a quarterly basis. In 2018, Bank of Russia started annual submission of two FSIs for OFCs. - Rec. II.6: Data reported to trade repositories according to Bank of Russia regulation includes Unique Transaction Identifier (UTI) whose format (but not generation mechanism) is aligned with internationally harmonized identifier. Rules on generation mechanism in Bank of Russia Ordinance # 4104 as of 2016 differ from CPMI-IOSCO UTI technical guidance. Ordinance stipulates basic characteristics of entity/entities responsible for generating UTIs and circumstances/events affecting UTI lifecycle as described in UTI Technical Guidance. Access by relevant foreign authorities to TR data operated in the Russian Federation is allowed as indirect request through Bank of Russia. - Rec. II.7: Bank of Russia publishes outstanding amounts of debt securities issued on the domestic market monthly and quarterly at nominal value broken down by sectors, currency, maturity, and fixed/variable interest rates. - Rec. II.8: Bank of Russia publishes financial accounts and balance sheets with T+6 months timeliness for quarterly data and preliminary annual data, and with T+12 months timeliness for final annual data. Compiles separate data for sectors S121 and S122 on an annual and quarterly basis for internal use. Publishes from-whom-to-whom format on currency and deposits quarterly on its official website; FWTW tables for total of all instruments annually for internal use. Plans to provide from-whom-to-whom format on debt securities and loans by 2021. In July 2021 Bank of Russia began to publish new data on financial assets and liabilities of household sector with T+3 months timeliness (i.e., 3 months ahead of date of publication of financial accounts of the System of National Accounts (SNA) of the Russian Federation) containing more detailed information on financial instruments used by household sector. - Rec. II.10: Since 2018 Bank of Russia has been producing data on detailed currency composition of foreign financial assets and liabilities on a quarterly basis and providing separate identification of OFCs on a semiannual basis. Since 2021 data on OFC will be published on a quarterly basis. Data on foreign debt liabilities on the remaining maturity basis are regularly published. - Rec. II.11: Bank of Russia has worked out a form for regular reporting of CBS and intends to collect the data in 2022. - Rec. II.12: Bank of Russia has been compiling CPIS data on a quarterly basis since [content truncated at source]. ### General data scope and publication updates (2017 excerpts) - The data include information on the sector of nonresident issuer (2017). - Since 2018 the Bank of Russia has been publishing Other Financial Institutions Survey based on SRF 4SRs for the full scope of financial intermediaries including information on cross-border exposures (Rec. II.14). ### Selected country progress and key challenges (2017 excerpts) - Saudi Arabia - Commitments: establish national teams, promote knowledge among data providers and compilers, improve data quality and coverage, and improve periodicity and timeliness. - Rec. II.11: Succeeded in submitting LBS by residence nationality on a quarterly basis; SAMA has started working with BIS for reporting CBS. - Rec. II.15: Fiscal government budgets presented in line with the GFSM 2014; both revenue and expenditures mapped to the GFSM 2014 methodology. - Rec. II.16: Central government debt data reported quarterly to the quarterly PSDS database starting in Q1 2017. - Main challenges: data granularity and availability (particularly for NFCs); capacity building; building integrated sectoral accounts compilation system and inter-agency coordination; shift from cash-based to accrual accounting for GFS to fully implement Rec. II.15. - Institutional cooperation: General Authority for Statistics, Ministry of Finance, and SAMA participate in tasks and provide data needs. - South Africa - Fully compliant with 2021 targets for: Rec. II.2 (excluding RPPI), Rec. II.3, and Rec. II.12. - Partially compliant with 2021 targets: - Rec. II.6: BIS semi-annual survey not applicable; central counterparties and OTC derivatives outstanding. - Rec. II.7: on track per self-commitments. - Rec. II.10: OFCs and currency breakdowns being addressed by improving surveys. - Rec. II.11: except consolidated, intend to commence CBS feasibility study. - Rec. II.13: provide annual gross inward and outward flows on direct investment on asset and liability basis, but not on a net basis; addressing directional basis with new surveys. - Rec. II.15: in process of implementing GFSM2014; quarterly data needs improvement; datasets mix cash, cash adjusted and accrual. - Work in progress: - Rec. II.5: partially compliant; report data for FSB annual global monitoring on NBFI; gaps in securities lending/borrowing and breakdown of financial corporations. - Rec. II.8: advanced stage; households and non-profit institutions serving households sectors will not be separately available; experimental sectoral accounts expected earliest by December 2021 to the OECD; compiling and publishing quarterly financial sector accounts / national financial account / flow of funds according to 1993 SNA. - Rec. II.14: split into OFCs and NFC being addressed via survey revisions. - Rec. II.16: consolidated quarterly data at all levels of government being developed; national government already available. - Rec. II.17: currently meet target by reporting data from private sector banks; Statistics South Africa developing official RPPI. - Rec. II.18: South African Reserve Bank attempting to compile an unofficial index. - Challenging: Rec. II.9 due to lack of data; Rec. II.18 compilation challenges. - Not relevant: Rec. II.4 (no G-SIIs). - Turkey - Rec. II.7: maturity and interest rate type breakdowns and other depository corporation details added to BIS Issuance Statistics reporting in 2018. - Rec. II.8: additions to Financial Accounts — sub-instruments F3, F4, F52, F6 and aggregated sector breakdowns (S125+S126+S127) added for quarterly and annual reporting in 2018; annual Non-Financial Sector Accounts compiled by TurkStat; experimental quarterly sectoral non-financial accounts continued. - Integration: developed national accounts compilation system integrating annual national accounts, quarterly national accounts, sectoral accounts, Supply and Uses Tables, GFS and regional accounts; quarterly sectoral accounts will be integrated into this system. - Outreach: CBRT with BIS IFC organized international workshop in March 2019; outcomes published as an IFC Bulletin in 2020. Revision Policy for financial accounts documented and disseminated in August 2020. - Rec. II.10: Currency composition tables for IIP for years 2016-19 compiled and reported to IMF. - Rec. II.11: Domestic positions vis-à-vis residents in CBS and LBS. - Rec. II.16: 2018 intermediate target for central government debt met; general government debt reporting in progress; PSDS debt data for local government and social security funds collected. - Rec. II.17: From February 2019, RPPI for new and existing dwellings calculated using hedonic regression; base year changed to 2017. - Rec. II.18: CBRT completed analyses on constructing a CPPI; publication process ongoing. - United Kingdom (UK) - ONS plans to transform UK economic statistics in partnership with Bank of England; development of UK financial accounts aims to meet G20 DGI-2 and SDDS Plus. - Publishes experimental statistics under Enhanced Financial Accounts initiative for OFIs sectors S.123-S.127 and S.129 Pension Funds; Q4 2020 and Q4 2019 published experimental whom-to-whom matrices covering 15 ESA2010 sub-sectors and 22 ESA2010 financial instruments. - Bank of England and ONS collaborating on securities issuance and holdings database to support Rec. II.7; first delivery phase went live in February 2021; next phase planned for end of 2023. - Challenges: producing a CPPI; compilation of currency compositions of UK’s IIP. - ONS progressing on Rec. II.18 with expected further update before end of the quarter. - Rec. II.9: UK has published distributional results on income and consumption in line with national accounts totals. - United States - Participates in and supplies data to FSB annual global monitoring exercise on NBFI, including data in the Financial Accounts (Rec. II.5). - June 12, 2018: Commodity Futures Trading Commission published final rules removing Indemnification Requirement for domestic and foreign authorities to access swap data at swap data repositories and establishing a process for accessing that data; SEC had finalized similar procedure earlier; Congress repealed statutory indemnification requirement in 2015 (Rec. II.6). - Federal Reserve Board now reports nearly all holdings of debt securities at market value (Rec. II.7). - BEA working on developing quarterly data for non-financial transactions by institutional sector to OECD (Rec. II.8). - BEA and FRB collaborating to produce additional sectoral accounts (Integrated Macroeconomic Accounts) for mutual funds and money market mutual funds consistent with DGI emphasis on non-bank financial sector detail; BEA released a working paper with current and capital accounts for investment funds. - FRB publishes Distributional Financial Accounts for household balance sheet by four percentile groups of wealth; BEA started publishing distributional results on income in line with national accounts totals (Rec. II.9). - BEA working toward providing more detail for OFCs and currency composition by December 2021 (Rec. II.10). - Rec. II.11: Domestic positions vis-à-vis residents in LBS. ### Non-G20 FSB member notes — Selected economies (2017 excerpts) - The Netherlands - Committed to implement all DGI-2 recommendations and participating in monitoring. - Close cooperation between Statistics Netherlands and The Netherlands Bank facilitates implementation, including sharing confidential data. - 2020 intermediate target on commercial property prices (II.18) met: initial Dutch CPPI covering 2008 to 2020 published quarterly and included in BIS commercial property prices dataset. - 2021: last steps for recommendations II.8 and II.10 taken; delivers financial accounts data of monetary financial institutions and money market funds separately (II.8) and currency composition of IIP (II.10). - Rec. II.9: regularly publish distributional results on income, consumption, and wealth in line with national accounts totals. - Spain - As EU/Euro area member and SDDS Plus adherent, covers many DGI-2 recommendations; plans to meet remaining deadlines. - Sectoral accounts: almost all breakdowns disseminated in national quarterly publications and/or included in Eurostat/ECB requirements; remaining internal target requirements transmitted in 2019 to international organizations. - Stock of non-financial assets released end-2019. - External statistics: IIP with currency breakdown envisaged in September 2021 in context of ECB/2018/19 amending Guideline. - Commercial property prices: progress ongoing under Eurostat leadership. ### Explanatory notes — Recommendation II.8 Sectoral accounts (selected gaps and transmission issues) - Dissemination of non-financial accounts transactions (annual data) — selected country gaps: - Australia: missing transactions B1, B2_B3G, B5, B6, D1, D2, D21, D29, D3, D31, D39 for various sectors. - Brazil: missing D3, D39, D41G, K1 for various sectors. - Canada: multiple missing transactions including B1G, D1P, D2P, D29P, D29R, D31P, P31P, D3R, D41G, D71P, D72P, D91P. - China: missing D21, D29, D31, D39, D71, D72, D41G for all sectors. - Japan: missing D29 paid, D3 received, D31, D39 for all subsectors/sectors. - Korea: missing D91 and D41G for all sectors; D9 paid/received confidential. - Russia: missing D41, D41G, D91 paid/received for all sectors. - South Africa: missing Investment grants (D92), P53, NP for all sectors; households and NPISH (S14 and S15) aggregated; MMF (S123) and non-MMF investment funds (S124) not available. - United States: historical series from 1970; missing D71R for all sectors, D72 for S13 and S2, D8 for S11, S13, S14_S15. - Dissemination of non-financial accounts transactions (quarterly data) — selected country gaps: - Australia: missing B1G for S11, S12, S13, S14_S15; missing sub-transactions of D3, D9, and D8. - Canada: similar gaps as annual for B1G, D1P, D2, D29, D29R, D31P, P31P, D3R, D41, D61R, D62P, D71P, D72P, D91P. - Italy: some transmitted transactions not publishable (sub-transactions of D7). - Japan: quarterly data transmitted to OECD only once a year, lagging two quarters; missing balancing items B1G, B2G+B3G, B9; sectors S11, S12, S2 missing; only S14 available. - Russia: limited quarterly coverage (few items 2011-2018). - South Africa: same gaps as annual; quarterly sectoral accounts compiled in IMF Excel templates from 2010/01 but not yet published. - Switzerland: data not transmitted for non-financial accounts transactions. - United Kingdom: UK does not record receipts by S2 from UK residents for D29 and D91; missing D8 paid for S11, S13, S2. - Sectoral accounts template: annual stocks of non-financial assets — selected country gaps: - Australia: missing AN111 (Dwellings) for S12; AN1121 and AN1122 for all sectors; AN12 for S12. - Canada: AN1121 and AN1122 missing for all sectors. - Germany: AN12 (Inventories) confidential for all sectors. - Russia: only four assets for S1 available. - Switzerland: data not transmitted for annual stocks of non-financial data. - Note: requests for AN2111 and AN21111 ignored in traffic light assessment for this table. - Financial accounts and balance sheets (annual and quarterly) — selected issues: - Australia: non-consolidated data missing for annual and quarterly frequencies. - Brazil: only main sectors provided for annual data; few sub-instrument gaps; no quarterly or consolidated data. - Canada: missing sub-instruments for F2, F4, F52, F6 (annual) and F2, F4, F6 (quarterly). - France: all target requirements met via additional OECD transmissions. - Germany: annual additions for sub-instruments of F7; quarterly inclusion of F7 sub-instruments and F61/F66 split in QSA transmission as of 2021Q1; sectors S122 and S123 not yet separate. - India: since December 2019 annual non-consolidated financial transactions and balance sheets reported to OECD and disseminated; breakdowns of F3, F4, F51 missing; consolidated general government missing; traffic light: orange annual, red quarterly for 2020 assessment. - Italy: all target requirements met; moved from orange to green for both frequencies. - Japan: missing sub-instruments F1, F3, F4, F52 for annual and quarterly frequencies; expected resolution in July data transmission. - Korea: missing sub-instruments of F1 and F51; F52 and F6 treated confidential since August 2019; only annual consolidated stock liabilities of general government reported. - Mexico: no consolidated data and no quarterly data reported. - Russia: only main financial instruments F1, F2, F3, F4, F5, F6, F8 provided annually and quarterly; Bank of Russia compiles separate data for S121 and S122 for internal use; plans to provide FWTW format for currency and deposits quarterly and debt securities/loans by 2021. - South Africa: annual high-level unbalanced stocks for S14+S15; missing sub-instruments of F1, F51, F7 (annual); quarterly only non-consolidated transactions with missing sub-instruments of F1 and F7; no consolidated general government data; newly developed sector accounts to provide non-consolidated quarterly and annual data and possibly consolidated S13; missing F66 and F72 sub-instruments; S14 and S15 not available separately. - Turkey: all target requirements met. - United Kingdom: annual missing sub-instruments of F52 (from 2014) and F7 (transactions from 2014); sectors S121, S122, S123 not provided separately; S121-S123 also not provided quarterly; general government consolidated data not provided. - United States: financial derivatives F7 not reported for quarterly and annual frequencies. - EU/EA: annual and quarterly no disaggregated data for F71+F72; quarterly no disaggregated data for F61+F66; quarterly data for sector grouping S121 and S122+S123 published since July 2019; separate S123 not disseminated. - Netherlands: missing S122 and S123 annually; not provided separately quarterly; general government consolidated quarterly data transmitted to OECD; Netherlands becomes green in traffic light for quarterly frequency. - Spain: all targets met. - Switzerland: annual instrument breakdowns missing for loans (F4), financial derivatives and employee stock options (F7), other accounts receivable/payable (F8); missing some sub-instruments of F6 (F62 and F6M); quarterly financial accounts and balance sheets data not transmitted. *Source: IMF — G20 economies: notes on status of progress and key challenges (excerpts).* ### 2001. Further, India has already started reporting data under the Committee on the ### G20 economies: Notes on status of progress and key challenges ### India - Rec II.12: India moved from annual to semi-annual frequency for CPIS data compilation in 2014 with sector of resident holder table. Intermediate targets of Semi-annual CPIS (reporting of core tables) and Sector of holder table have been met. - Rec. II.13: India is compliant to the CDIS reporting requirement since 2010. - Rec. II.14: The Statistics Department of the Reserve Bank of India is compiling data on Foreign Affiliate Trade Statistics as part of CDIS data collection and reporting the same to the IMF. - Rec. II.15: - Concordance tables for conversion of Central and State Government budget data into GFS format have been finalized by the Office of Comptroller and Auditor General of India (O/o C&AG) and the Office of Controller General of Accounts (O/o CGA) respectively. - Central Government GFS: Test data for Central Government GFS 2019-20 Q3, 2019-20 Q4, 2020-21 Q1 and 2020-21 Q2 was shared with IMF South Asia Regional Training and Technical Assistance Centre (SARTTAC) and their inputs have been received. Data for GFS 2020-21 Q3 and Q4 is under preparation by O/o CGA; once prepared, it will be shared with IMF SARTTAC for feedback. - State Government GFS: Under IMF SARTTAC technical assistance, two virtual workshops on GFS/PSDS for staff of A&E offices were organized in two batches covering 28 A&E offices from 8-12 and 22-26, June-2020. Translation of State fiscal data into GFSM classification is in the process of getting stabilized. A couple more trainings will be conducted for A&E office staff in the coming months. Ministry of Finance is the nodal agency for compilation of GFS for the country and reporting to IMF. For annual GFS, Union Government information is compiled by Ministry of Finance and State Governments information is compiled by the National Statistics Office, Ministry of Statistics and Programme Implementation, and forwarded to the Ministry of Finance. Budget documents of States are available for annual. - Rec. II.16: The Reserve Bank of India publishes consolidated central and state government annual fiscal data in the RBI Bulletin (Table No. 46). An estimate of comprehensive general government data including centre, states, local government and public sector enterprises is not available. The Reserve Bank of India is taking the initiative to compile municipal corporation finance data to fill the gap regarding local government finance; compilation of municipal corporation finance data is a work in progress. Test data for Central Government PSDS 2019-20 Q3, 2019-20 Q4, 2020-21 Q1 and 2020-21 Q2 was shared with SARTTAC and their inputs have been received. - Rec. II.17: The Reserve Bank of India has been compiling and forwarding the quarterly RPPI to BIS/ IMF. - Rec. II.18: No official agencies are compiling the CPPI for India. As both the Reserve Bank of India and the National Housing Bank are concentrating on developing the RPPI, compilation of CPPI will take some time. - Rec. II.19: India is forwarding 178 macro-economic data series to the BIS in SDMX format. Mapping of Quarterly National Accounts data with SDMX codes has been done and data reporting is in place. Conversion of Annual National Accounts and National Summary Data Page under SDDS into SDMX format is in progress. - Rec. II.20: Unit level data from Household Consumer Expenditure, Time Use Survey, Annual Survey of Industries, Periodic Labour Force Surveys, etc., conducted by Ministry of Statistics and Programme Implementation are available to the public at: - https://mospi.gov.in/web/mospi/download-tables-data - http://microdata.gov.in/nada43/index.php/home ### Indonesia - Overall: Indonesia has fulfilled most recommendations and some are in progress. - Rec. II.7: Regular reporting to BIS of table 1.1 stocks at nominal value and experimental table 1.2 stocks at market value and 3.1 from-whom-to-whom at market value, all with limitation of partial sector institutional coverage due to domestic practice of face value. In the second half of 2020, notable progress through cooperation among domestic bodies broadened valuation coverage. - Rec. II.8: Compilation and reconciliation of Annual and Quarterly Sectoral Accounts and Balance Sheets for Q1 2015-Q1 2019 completed and reviewed. Dissemination to be addressed in 2021. Development is a collaborative national project involving Statistics Indonesia, Central Bank, Financial Services Authority, Ministry of Finance, and Ministry of State-Owned Enterprises. - Rec. II.10: Indonesia has published IIP on quarterly basis since 2014. In September 2019, Indonesia submitted separate identification of OFCs for period of Q1 2018 onwards. The IIP breakdown by currency of debt instrument in asset and liabilities for period of Q1 2018 onwards was submitted in Q1 2021. - Rec. II.11: Quarterly LBS based on Stage-2 with updated confidentiality rules submitted since November 2017 for period of Q1 2017 onwards. Work ongoing to fully implement agreed IBS enhancements. Indonesia reported CBS test data to the BIS in Q2 2021. - Rec. II.12: Completed CPIS target with dissemination of semi-annual CPIS in 2018 and sector of holder table in 2019. - Rec. II.13: Completed CDIS target with dissemination of Inward Direct Investment with equity and debt split in 2018 and Outward Direct Investment in 2019. - Rec. II.15: Issued Indonesian Government Finance Statistics Manual adapted from IMF's 2014 GFSM. Compiled annual and quarterly general government finance statistics on a modified cash/accrual basis, and annual public sector finance statistics. Started to reconcile GFS with PSDS and full sequence of accounts/sectoral accounts balance sheet. Further enhancement needed to make GFS fully apply accrual basis, which requires fundamental changes in fiscal policy framework. ### Italy - Core requirements: Completed core requirements for all DGI-2 recommendations with defined data templates, except data on SFTs (Rec. II.5) where data submission is expected later in 2021. - IIP: Missing currency breakdown in IIP (Rec. II.10) has been recently transmitted. - Advanced ambitions: Italy will achieve many “more advanced ambitions” by conclusion of DGI-2. - Rec. II.9: Actively engaged in OECD-Eurostat Expert Group on Disparities in a National Accounts Framework (EG-DNA). Produced distributional estimates for household disposable income in coherence with Expert Group methodology for years 2015-2017. These estimates were published as experimental statistics in December 2020 on OECD and Eurostat websites. Italy intends to extend distributional estimates to more recent years and household consumption. Actively participating in ECB Expert Groups EG-LMM and EG-DFA aiming to compile experimental distributional results by end-2022. ### Japan - Rec. II.5: Steady progress in preparation of global SFT data collection and aggregation; started to collect SFT data from reporting parties, report all tables to the FSB since January 2019, and release new statistics on SFT since January 2020. - Rec. II.7: Started to report on self-commitments of the 2021-Targets to the BIS from July 2021. - Rec. II.8: Making efforts to meet requirements, especially by estimates, for parts of templates that capture features of systemic importance in Japan. For financial accounts, started to report Targets to the OECD from July 2021. Challenges remain for non-financial transactions due to lack of source data. - Rec. II.14: Developed a method to estimate the NFC sector in the CBS and been collecting additional IBS-related data from reporting banks. Started to transmit relevant data to the BIS since Q4 2019. - Rec. II.15: Adhered to the SDDS Plus in April 2016 and started to disseminate general government operations data since April 2021. - Rec. II.20: Emphasizes that, for sharing granular data, enhancing accessibility must be carefully weighted against protecting confidentiality. ### Korea - Bank of Korea is implementing most DGI-2 recommendations. - Rec. II.7: Already reporting core stock data at nominal value on debt securities to the BIS. Plans to report other self-commitments data by 2021. - Rec. II.8: Financial accounts targets achievable mainly via Korea's flow of funds statistics, except a few items. Plans to compile data by fully utilizing available raw data where possible. Running test calculations for quarterly compilation of income accounts and capital accounts. Plans detailed review on estimation procedure improvement and time series stability. ### Mexico - Rec. II.8: - On November 2018, INEGI published required openings in 2018 progress report DGI-2, including assets AN1121 Buildings other than dwellings, AN1122 Other structures and AN11 Fixed Assets. - Wider sectoral disaggregation added on same date for financial assets (AF1, AF2, AF3, AF4, AF5, AF6, and AF8) presented by institutional subsector; for asset AF6, openings included to second digit (AF.61, AF.62 AF.6M, AF.63, AF.64 Y AF.65). SDMX table T720 classification changed from confidential to free in December 2018. In December 2020 a new delivery for SDMX annual tables updated to 2019 was made corresponding to INEGI’s published data in November 2020; qualification requirement solved except for consolidated data and quarterly data. - Progress highlights: - Rec. II.7: Working on calculation of quarterly data on stocks of debt securities issues at market value (table 1.2), Net transactions at market value (table 1.3), debt securities holdings by sector at market value (table 2.1), and net transactions (table 2.2), to have all four tables ready (with data as of Q2 2021) by the beginning of December 2021. Quarterly data on stocks of debt securities issues at nominal value have already been published; BIS received data from Q4 2018 to Q2 2020. - Rec. II.8: On September 2, 2020, INEGI published Quarterly Accounts by Institutional Sector, series Q1 2008-Q1 2020. SDMX 7II and 7HH were sent to the OECD on December 7 and will be sent quarterly after publishing date as defined in the National Interest Information Calendar. Publication scheme divided into two blocks: series by institutional sector (institutional accounts, assets current and accumulation accounts, balances, detailed cash flow and database) and G20 standard (non-financial transactions, financial flows, financial stocks, inter-sectoral flows whom-to-whom and inter-sectoral stocks whom-to-whom). - Rec. II.9: INEGI has shared biennial information for years 2008-2018 with EG-DNA, available at OECD/Eurostat experimental statistics. - Rec. II.10: Intermediate target 2: Banco de México currently has enough information to obtain a minimum currency composition for most items in the financial account. Calculations under way and expected to be released in Q2 2022. - Rec. II.11: Target – Fully implemented agreed IBS enhancements for LBS Stage I. Progress achieved in implementing most changes for Stage II of the IBS. Incorporated information for all financial instruments requested in both reports (LBS and CBS). Developing processes for classification needed as part of data structure definition to obtain SDMX code. - Challenges: - Rec. II.7: Developing a flexible and robust system to calculate all statistics and ensure accuracy. - Rec. II.8: For 2021, Mexico will publish recurrent updates for quarterly accounts by institutional sector 155 days after the quarter and continue work on Trend templates (Sector level 2 of original proposal), considering tables 4.a. New fin. trends (Q); 4.b. New fin. trends (A) and 5. From-whom-to-whom (Q & A). In September 2020, quarterly whom-to-whom sectoral tables were published; scope still being analyzed to cover sectoral requirement of templates. - Rec. II.9: INEGI scheduled to publish distributional results on household income, consumption, and saving in line with national accounts for the second half of 2021. Estimates produced coherently with EG-DNA methodology for 2008-2018 biannual series; considering publishing a longer series including 2020. Alternative methodologies being tested to distribute items lacking sufficient survey information. - Rec. II.10: Main challenge is achieving the greatest currency breakdown possible to meet the 2021 target. - Rec. II.11: Target – Fully implement agreed IBS enhancements for LBS Stage I. Statistical reports (CBS and LBS) for Stage II under development, including recent improvements, expected to be delivered at the end of 2021. ### Russia - FSIs: Since 2017 seven obligatory FSIs transmitted by the Bank of Russia to the IMF on a quarterly basis. In 2018, Bank of Russia started annual submission of two FSIs for OFCs. - Rec. II.6: Data reported to trade repositories according to Bank of Russia regulation includes Unique Transaction Identifier (UTI) whose format (but not generation mechanism) is aligned with internationally harmonized identifier. Rules on generation mechanism in Bank of Russia Ordinance # 4104 as of 2016 differ from CPMI-IOSCO UTI technical guidance. Ordinance stipulates basic characteristics of entity/entities responsible for generating UTIs and circumstances/events affecting UTI lifecycle as described in UTI Technical Guidance. Access by relevant foreign authorities to TR data operated in the Russian Federation is allowed as indirect request through Bank of Russia. - Rec. II.7: Bank of Russia publishes outstanding amounts of debt securities issued on the domestic market monthly and quarterly at nominal value broken down by sectors, currency, maturity, and fixed/variable interest rates. - Rec. II.8: Bank of Russia publishes financial accounts and balance sheets with T+6 months timeliness for quarterly data and preliminary annual data, and with T+12 months timeliness for final annual data. Compiles separate data for sectors S121 and S122 on an annual and quarterly basis for internal use. Publishes from-whom-to-whom format on currency and deposits quarterly on its official website; FWTW tables for total of all instruments annually for internal use. Plans to provide from-whom-to-whom format on debt securities and loans by 2021. In July 2021 Bank of Russia began to publish new data on financial assets and liabilities of household sector with T+3 months timeliness (i.e., 3 months ahead of date of publication of financial accounts of the System of National Accounts (SNA) of the Russian Federation) containing more detailed information on financial instruments used by household sector. - Rec. II.10: Since 2018 Bank of Russia has been producing data on detailed currency composition of foreign financial assets and liabilities on a quarterly basis and providing separate identification of OFCs on a semiannual basis. Since 2021 data on OFC will be published on a quarterly basis. Data on foreign debt liabilities on the remaining maturity basis are regularly published. - Rec. II.11: Bank of Russia has worked out a form for regular reporting of CBS and intends to collect the data in 2022. - Rec. II.12: Bank of Russia has been compiling CPIS data on a quarterly basis since [content truncated at source]. *Source: IMF — G20 economies: notes on status of progress and key challenges (excerpts).* ### 2017. The data include information on the sector of nonresident issuer. ### G20 Economies — Notes on Status of Progress and Key Challenges (2017) ### General data scope and publication updates - The data include information on the sector of nonresident issuer (2017). - Since 2018 the Bank of Russia has been publishing Other Financial Institutions Survey based on SRF 4SRs for the full scope of financial intermediaries including information on cross-border exposures (Rec. II.14). ### Country progress and key challenges — Selected economies - Saudi Arabia - Commitments to implement DGI-2 recommendations: establish national teams, promote knowledge among data providers and compilers, improve data quality and coverage, and improve periodicity and timeliness. - Progress: - Rec. II.11: Succeeded in submitting LBS by residence nationality on a quarterly basis; SAMA has started working with BIS for reporting CBS. - Rec. II.15: Fiscal government budgets presented in line with the GFSM 2014; both revenue and expenditures mapped to the GFSM 2014 methodology. - Rec. II.16: Central government debt data reported quarterly to the quarterly PSDS database starting in Q1 2017. - Main challenges: data granularity and availability (particularly for NFCs); capacity building; building integrated sectoral accounts compilation system and inter-agency coordination; shift from cash-based to accrual accounting for GFS to fully implement Rec. II.15. - Institutional cooperation: General Authority for Statistics, Ministry of Finance, and SAMA participate in tasks and provide data needs. - South Africa - Fully compliant with 2021 targets for: Rec. II.2 (excluding RPPI), Rec. II.3, and Rec. II.12. - Partially compliant with 2021 targets: - Rec. II.6: BIS semi-annual survey not applicable; central counterparties and OTC derivatives outstanding. - Rec. II.7: on track per self-commitments. - Rec. II.10: OFCs and currency breakdowns being addressed by improving surveys. - Rec. II.11: except consolidated, intend to commence CBS feasibility study. - Rec. II.13: provide annual gross inward and outward flows on direct investment on asset and liability basis, but not on a net basis; addressing directional basis with new surveys. - Rec. II.15: in process of implementing GFSM2014; quarterly data needs improvement; datasets mix cash, cash adjusted and accrual. - Work in progress: - Rec. II.5: partially compliant; report data for FSB annual global monitoring on NBFI; gaps in securities lending/borrowing and breakdown of financial corporations. - Rec. II.8: advanced stage; households and non-profit institutions serving households sectors will not be separately available; experimental sectoral accounts expected earliest by December 2021 to the OECD; compiling and publishing quarterly financial sector accounts / national financial account / flow of funds according to 1993 SNA. - Rec. II.14: split into OFCs and NFC being addressed via survey revisions. - Rec. II.16: consolidated quarterly data at all levels of government being developed; national government already available. - Rec. II.17: currently meet target by reporting data from private sector banks; Statistics South Africa developing official RPPI. - Rec. II.18: South African Reserve Bank attempting to compile an unofficial index. - Challenging: Rec. II.9 due to lack of data; Rec. II.18 compilation challenges. - Not relevant: Rec. II.4 (no G-SIIs). - Turkey - Rec. II.7: maturity and interest rate type breakdowns and other depository corporation details added to BIS Issuance Statistics reporting in 2018. - Rec. II.8: additions to Financial Accounts — sub-instruments F3, F4, F52, F6 and aggregated sector breakdowns (S125+S126+S127) added for quarterly and annual reporting in 2018; annual Non-Financial Sector Accounts compiled by TurkStat; experimental quarterly sectoral non-financial accounts continued. - Integration: recently developed national accounts compilation system integrates annual national accounts, quarterly national accounts, sectoral accounts, Supply and Uses Tables, GFS and regional accounts; quarterly sectoral accounts will be integrated into this system. - Outreach: CBRT with BIS IFC organized international workshop in March 2019; outcomes published as an IFC Bulletin in 2020. Revision Policy for financial accounts documented and disseminated in August 2020. - Rec. II.10: Currency composition tables for IIP for years 2016-19 compiled and reported to IMF. - Rec. II.11: Domestic positions vis-à-vis residents in CBS and LBS. - Rec. II.16: 2018 intermediate target for central government debt met; general government debt reporting in progress; PSDS debt data for local government and social security funds collected. - Rec. II.17: From February 2019, RPPI for new and existing dwellings calculated using hedonic regression; base year changed to 2017. - Rec. II.18: CBRT completed analyses on constructing a CPPI; publication process ongoing. - United Kingdom (UK) - ONS plans to transform UK economic statistics in partnership with Bank of England; development of UK financial accounts aims to meet G20 DGI-2 and SDDS Plus. - Publishes experimental statistics under Enhanced Financial Accounts initiative for OFIs sectors S.123-S.127 and S.129 Pension Funds; Q4 2020 and Q4 2019 published experimental whom-to-whom matrices covering 15 ESA2010 sub-sectors and 22 ESA2010 financial instruments. - Bank of England and ONS collaborating on securities issuance and holdings database to support Rec. II.7; first delivery phase went live in February 2021; next phase planned for end of 2023. - Challenges: producing a CPPI; compilation of currency compositions of UK’s IIP. - ONS progressing on Rec. II.18 with expected further update before end of the quarter. - Rec. II.9: UK has published distributional results on income and consumption in line with national accounts totals. - United States - Participates in and supplies data to FSB annual global monitoring exercise on NBFI, including data in the Financial Accounts (Rec. II.5). - June 12, 2018: Commodity Futures Trading Commission published final rules removing Indemnification Requirement for domestic and foreign authorities to access swap data at swap data repositories and establishing a process for accessing that data; SEC had finalized similar procedure earlier; Congress repealed statutory indemnification requirement in 2015 (Rec. II.6). - Federal Reserve Board now reports nearly all holdings of debt securities at market value (Rec. II.7). - BEA working on developing quarterly data for non-financial transactions by institutional sector to OECD (Rec. II.8). - BEA and FRB collaborating to produce additional sectoral accounts (Integrated Macroeconomic Accounts) for mutual funds and money market mutual funds consistent with DGI emphasis on non-bank financial sector detail; BEA released a working paper with current and capital accounts for investment funds. - FRB publishes Distributional Financial Accounts for household balance sheet by four percentile groups of wealth; BEA started publishing distributional results on income in line with national accounts totals (Rec. II.9). - BEA working toward providing more detail for OFCs and currency composition by December 2021 (Rec. II.10). - Rec. II.11: Domestic positions vis-à-vis residents in LBS. ### Non-G20 FSB member notes — Selected economies - The Netherlands - Committed to implement all DGI-2 recommendations and participating in monitoring. - Close cooperation between Statistics Netherlands and The Netherlands Bank facilitates implementation, including sharing confidential data. - 2020 intermediate target on commercial property prices (II.18) met: initial Dutch CPPI covering 2008 to 2020 published quarterly and included in BIS commercial property prices dataset. - 2021: last steps for recommendations II.8 and II.10 taken; delivers financial accounts data of monetary financial institutions and money market funds separately (II.8) and currency composition of IIP (II.10). - Rec. II.9: regularly publish distributional results on income, consumption, and wealth in line with national accounts totals. - Spain - As EU/Euro area member and SDDS Plus adherent, covers many DGI-2 recommendations; plans to meet remaining deadlines. - Sectoral accounts: almost all breakdowns disseminated in national quarterly publications and/or included in Eurostat/ECB requirements; remaining internal target requirements transmitted in 2019 to international organizations. - Stock of non-financial assets released end-2019. - External statistics: IIP with currency breakdown envisaged in September 2021 in context of ECB/2018/19 amending Guideline. - Commercial property prices: progress ongoing under Eurostat leadership. ### Explanatory notes — Recommendation II.8 Sectoral accounts (selected gaps and transmission issues) - Dissemination of non-financial accounts transactions (annual data) — selected country gaps - Australia: missing transactions B1, B2_B3G, B5, B6, D1, D2, D21, D29, D3, D31, D39 for various sectors. - Brazil: missing D3, D39, D41G, K1 for various sectors. - Canada: multiple missing transactions including B1G, D1P, D2P, D29P, D29R, D31P, P31P, D3R, D41G, D71P, D72P, D91P. - China: missing D21, D29, D31, D39, D71, D72, D41G for all sectors. - Japan: missing D29 paid, D3 received, D31, D39 for all subsectors/sectors. - Korea: missing D91 and D41G for all sectors; D9 paid/received confidential. - Russia: missing D41, D41G, D91 paid/received for all sectors. - South Africa: missing Investment grants (D92), P53, NP for all sectors; households and NPISH (S14 and S15) aggregated; MMF (S123) and non-MMF investment funds (S124) not available. - United States: historical series from 1970; missing D71R for all sectors, D72 for S13 and S2, D8 for S11, S13, S14_S15. - Dissemination of non-financial accounts transactions (quarterly data) — selected country gaps - Australia: missing B1G for S11, S12, S13, S14_S15; missing sub-transactions of D3, D9, and D8. - Canada: similar gaps as annual for B1G, D1P, D2, D29, D29R, D31P, P31P, D3R, D41, D61R, D62P, D71P, D72P, D91P. - Italy: some transmitted transactions not publishable (sub-transactions of D7). - Japan: quarterly data transmitted to OECD only once a year, lagging two quarters; missing balancing items B1G, B2G+B3G, B9; sectors S11, S12, S2 missing; only S14 available. - Russia: limited quarterly coverage (few items 2011-2018). - South Africa: same gaps as annual; quarterly sectoral accounts compiled in IMF Excel templates from 2010/01 but not yet published. - Switzerland: data not transmitted for non-financial accounts transactions. - United Kingdom: UK does not record receipts by S2 from UK residents for D29 and D91; missing D8 paid for S11, S13, S2. - Sectoral accounts template: annual stocks of non-financial assets — selected country gaps - Australia: missing AN111 (Dwellings) for S12; AN1121 and AN1122 for all sectors; AN12 for S12. - Canada: AN1121 and AN1122 missing for all sectors. - Germany: AN12 (Inventories) confidential for all sectors. - Russia: only four assets for S1 available. - Switzerland: data not transmitted for annual stocks of non-financial data. - Note: requests for AN2111 and AN21111 ignored in traffic light assessment for this table. - Financial accounts and balance sheets (annual and quarterly) — selected issues - Australia: non-consolidated data missing for annual and quarterly frequencies. - Brazil: only main sectors provided for annual data; few sub-instrument gaps; no quarterly or consolidated data. - Canada: missing sub-instruments for F2, F4, F52, F6 (annual) and F2, F4, F6 (quarterly). - France: all target requirements met via additional OECD transmissions. - Germany: annual additions for sub-instruments of F7; quarterly inclusion of F7 sub-instruments and F61/F66 split in QSA transmission as of 2021Q1; sectors S122 and S123 not yet separate. - India: since December 2019 annual non-consolidated financial transactions and balance sheets reported to OECD and disseminated; breakdowns of F3, F4, F51 missing; consolidated general government missing; traffic light: orange annual, red quarterly for 2020 assessment. - Italy: all target requirements met; moved from orange to green for both frequencies. - Japan: missing sub-instruments F1, F3, F4, F52 for annual and quarterly frequencies; expected resolution in July data transmission. - Korea: missing sub-instruments of F1 and F51; F52 and F6 treated confidential since August 2019; only annual consolidated stock liabilities of general government reported. - Mexico: no consolidated data and no quarterly data reported. - Russia: only main financial instruments F1, F2, F3, F4, F5, F6, F8 provided annually and quarterly; Bank of Russia compiles separate data for S121 and S122 for internal use; plans to provide FWTW format for currency and deposits quarterly and debt securities/loans by 2021. - South Africa: annual high-level unbalanced stocks for S14+S15; missing sub-instruments of F1, F51, F7 (annual); quarterly only non-consolidated transactions with missing sub-instruments of F1 and F7; no consolidated general government data; newly developed sector accounts to provide non-consolidated quarterly and annual data and possibly consolidated S13; missing F66 and F72 sub-instruments; S14 and S15 not available separately. - Turkey: all target requirements met. - United Kingdom: annual missing sub-instruments of F52 (from 2014) and F7 (transactions from 2014); sectors S121, S122, S123 not provided separately; S121-S123 also not provided quarterly; general government consolidated data not provided. - United States: financial derivatives F7 not reported for quarterly and annual frequencies. - EU/EA: annual and quarterly no disaggregated data for F71+F72; quarterly no disaggregated data for F61+F66; quarterly data for sector grouping S121 and S122+S123 published since July 2019; separate S123 not disseminated. - Netherlands: missing S122 and S123 annually; not provided separately quarterly; general government consolidated quarterly data transmitted to OECD; Netherlands becomes green in traffic light for quarterly frequency. - Spain: all targets met. - Switzerland: annual instrument breakdowns missing for loans (F4), financial derivatives and employee stock options (F7), other accounts receivable/payable (F8); missing some sub-instruments of F6 (F62 and F6M); quarterly financial accounts and balance sheets data not transmitted. --- _Source: https://www.imf.org/-/media/files/research/imf-and-g20/2021/g20-economies-notes-on-status-of-progress-and-key-challenges.pdf_