## g20-dgi-2-status-of-progress-and-key-challenges-update-end-2021 ## Source details **Canonical URL:** [g20-dgi-2-status-of-progress-and-key-challenges-update-end-2021](https://www.imf.org/-/media/files/research/imf-and-g20/2022/g20-dgi-2-status-of-progress-and-key-challenges-update-end-2021.pdf) ## Other formats - [Markdown version](/-/media/files/research/imf-and-g20/2022/g20-dgi-2-status-of-progress-and-key-challenges-update-end-2021.pdf.md) - [Structured JSON version](/-/media/files/research/imf-and-g20/2022/g20-dgi-2-status-of-progress-and-key-challenges-update-end-2021.pdf.json) --- ### India — progress on DGI-2 recommendations and operational developments - Global Financial System Stage-1 enhancements and Stage-2 enhancements covering both the LBS and CBS: India has already started reporting data under the Committee on the Global Financial System. - Rec II.12: - 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: Compliant to the CDIS reporting requirement since 2010. - Rec. II.14: Statistics Department of the Reserve Bank of India compiling data on Foreign Affiliate Trade Statistics as part of CDIS data collection and reporting them to the IMF. - Rec. II.15: - Concordance tables for conversion of Central and State Government budget data into Government Finance Statistics (GFS) format finalized by O/o C&AG and O/o CGA. - 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 SARTTAC; inputs received. Data for GFS 2020-21 Q3 and Q4 under preparation. - State Government GFS: Two virtual workshops on GFS/PSDS for 28 A&E offices held 8-12 and 22-26, June-2020. Translation of State fiscal data into GFSM classification in process; additional trainings planned. Ministry of Finance is nodal agency; annual GFS: Union Government compiled by Ministry of Finance and State Governments by National Statistics Office, Ministry of Statistics and Programme Implementation. - Rec. II.16: - Reserve Bank of India publishes consolidated central and state government annual fiscal data in the RBI Bulletin (Table No. 46). - No estimate of a comprehensive general government data including centre, states, local government and public sector enterprises is available. - RBI is initiating compilation of municipal corporation finance data; work in progress. - Test data for Central Government PSDS 2019-20 Q3, 2019-20 Q4, 2020-21 Q1 and 2020-21 Q2 shared with SARTTAC; inputs received. - Rec. II.17: RBI compiling and forwarding the quarterly RPPI to BIS/ IMF. - Rec. II.18: No official agencies currently compiling the CPPI for India; CPPI compilation will take additional time. - Rec. II.19: India forwarding 178 macro-economic data series to the BIS in SDMX format; mapping of Quarterly National Accounts data with SDMX codes done; conversion of Annual National Accounts and National Summary Data Page under SDDS into SDMX in progress. - Rec. II.20: Unit level data from surveys (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 on ministry links. ### Indonesia — main accomplishments and outstanding items - Rec. II.5: Reported data to FSB annual monitoring exercise on NBFI; data gaps remain for SFTs due to limited availability. - Rec. II.7: Submitted self-commitment regarding Debt Securities Statistics to BIS; data in market values are not for publication. - Rec. II.8: - Development of Sectoral Accounts and Balance Sheets executed as collaborative national project (BPS, Central Bank, Financial Services Authority, Ministry of Finance, Ministry of State-Owned Enterprises). - Compiled Financial and Non-Financial Accounts Transactions for 2016-2019 (annual and quarterly); data disseminated through BPS website. - Financial and non-financial balance sheets in final phase of compilation and will be disseminated in due time. - Rec. II.11: Submitted Stage-2 LBS quarterly data and three quarters of CBS test data; on track to join CBS reporting population. - Rec. II.12: Completed the CPIS target. - Rec. II.13: Completed the CDIS data requirement. - Rec. II.15: - Issued Indonesian Government Finance Statistics Manual adapted from IMF's GFSM2014. - Compiled annual and quarterly general government finance statistics on a modified cash/accrual basis, and annual public sector finance statistics. - Started reconciling GFS with PSDS and full sequence of accounts/sectoral accounts balance sheet. - Further enhancement to fully apply accrual basis requires fundamental changes in fiscal policy framework. ### Italy — compliance and advanced initiatives - Core requirements for DGI-2 recommendations (where templates defined) completed, except SFTs (Rec. II.5) where data submission awaits resolution of confidentiality regime issues. - Pilot exercises for SFT data reporting tested transmission channel, data structure, and file format. - Achieved many “more advanced ambitions.” - Rec. II.9: Engaged in OECD-Eurostat EG-DNA; produced distributional estimates for household disposable income for 2015-2017 consistent with Expert Group methodology; published as experimental statistics in December 2020. Plans to extend distributional estimates to more recent years and to household consumption. Active participation in ECB Expert Groups EG-LMM and EG-DFA aiming to compile experimental distributional results by end-2022. ### Japan — implementation milestones and confidentiality considerations - Rec. II.5: Progressed on global SFT data collection and aggregation; started collecting SFT data from reporting parties, reporting all tables to FSB since January 2019, releasing new SFT statistics since January 2020. - Rec. II.7: Started to report on self-commitments of the 2021-Targets to BIS from July 2021. - Rec. II.8: - Working to meet template requirements, using estimates for parts with systemic features. - Started reporting Targets to OECD from July 2021. - Some non-financial transaction series face source-data limitations. - Rec. II.14: Developed a method to estimate the NFC sector in the CBS and collected additional IBS-related data from reporting banks; started transmitting relevant data to BIS since Q4 2019. - Rec. II.15: Adhered to the SDDS Plus in April 2016 and began disseminating general government operations data since April 2021. - Rec. II.20: Emphasizes careful weighting of enhanced granular data accessibility against confidentiality protections. ### Korea — targets, reporting status, and next steps - Bank of Korea implementing most DGI-2 recommendations. - Rec. II.7: - Reports core stock data at nominal value on debt securities to BIS. - Since 2021, reports stocks, net transactions of issues and holdings at market value, From-Whom-To-Whom Data at market value and other self-commitments data. - Rec. II.8: - Financial accounts targets largely reachable 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 for current accounts. - Plans include detailed review of estimation procedures and time series stability. ### Mexico — data expansions, milestones, and challenges - Rec. II.8: - On November 2018, INEGI published required openings including assets AN1121, AN1122, AN11 Fixed Assets. - Expanded financial assets disaggregation (AF1, AF2, AF3, AF4, AF5, AF6, AF8) by institutional subsector; AF6 openings include second digit breakdowns (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; December 2020 delivery updated to 2019 showing qualification requirement solved except for consolidated data and quarterly data. - Progress highlights: - Rec. II.7: Worked on 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), net transactions (table 2.2). All four tables reported with information for Q2 2021, Q3 2021 and Q4 2021. Quarterly data on stocks of debt securities issues at nominal value published; BIS has received data from Q4 2018 to Q4 2021. - Rec. II.8: On September 2, 2020, INEGI published Quarterly Accounts by Institutional Sector, series Q1 2008-Q1 2020. SDMX 7II and 7HH tables sent to OECD on December 7 and will be sent quarterly after publishing date per National Interest Information Calendar. - Publication scheme divided into two blocks: series by institutional sector and G20 standard (non-financial transactions, financial flows, financial stocks, inter-sectoral From-Whom-To-Whom flows and stocks). - Rec. II.9: INEGI engaged with EG-DNA and shared biennial information for 2008-2018 available at OECD/Eurostat experimental statistics. - Rec. II.10: Intermediate target 2 met. In December 2021 Banco de México submitted to the IMF the currency breakdown for IIP. Banco de México reported an update in March 2022. - Rec. II.11: Fully implemented agreed IBS enhancements for LBS Stage I. Progress on Stage II for IBS; statistical reports (CBS and LBS) under final revisions and expected to be delivered during Q3 2022. - Challenges: - Rec. II.7: Developing a flexible and robust system to calculate all statistics and ensure needed accuracy. - Rec. II.8: Publish recurrent updates for quarterly accounts by institutional sector 155 days after the quarter; continue work on Trend templates (Sector level 2), covering tables 4.a, 4.b and 5 (Q & A). Scope of quarterly whom-to-whom sectoral tables published in September 2020 still being analyzed for template coverage. - 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 (biennial series 2008-2018); considering publishing series including 2020 and testing alternative methodologies where survey data is insufficient. - Rec. II.11: Stage II statistical reports under final revision; expected delivery Q3 2022. ### Russia — reporting arrangements and data publication timelines - FSIs and reporting: - Since 2017, seven obligatory FSIs transmitted by Bank of Russia to IMF quarterly. Since 2018, annual submission of two FSIs for OFCs. - Rec. II.6: - Data reported to TRs includes Unique Transaction Identifier (UTI) whose format is aligned with international identifier format, but generation mechanism rules in Bank of Russia Ordinance # 4104 as of 2016 differ from CPMI-IOSCO UTI technical guidance. - Ordinance stipulates basic characteristics of entity(ies) responsible for generating UTIs and circumstances when UTI should be generated and life-cycle events affecting UTI. - Access by relevant foreign authorities to TRs data in the Russian Federation is allowed via indirect request through Bank of Russia. - Rec. II.7: Bank of Russia publishes outstanding amounts of debt securities issued on domestic market monthly and quarterly at nominal value broken down by sectors, currency, maturity, and fixed/variable interest rates. - Rec. II.8: - Publishes financial accounts and balance sheets with T+6 months timeliness for quarterly data and preliminary annual data, and T+12 months for final annual data. - Compiles separate data for sectors S121 and S122 on annual and quarterly basis for internal use. - Publishes From-Whom-To-Whom format data on currency and deposits quarterly on official website; FWTW tables for total of all instruments annually for internal use. - Plans to provide FWTW format on debt securities and loans by 2021. - In July 2021 began publishing new data on financial assets and liabilities of household sector with T+3 months timeliness. - Rec. II.10: - Since 2018, produces detailed currency composition of foreign financial assets and liabilities quarterly and provides separate identification of OFCs on a semiannual basis. - Since 2021, data on OFC will be published quarterly. - Data on foreign debt liabilities on remaining maturity basis are regularly published. - Rec. II.11: Bank of Russia 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 (text continues). ### Saudi Arabia — progress and key challenges - Serious and sustained internal work to accomplish DGI requirements; key challenges include lack of private sector and household data and access to administrative records. - Rec. II.8: Work underway to provide annual data for the financial and non-financial account; data availability remains a challenge, especially for the non-financial account and household data. Capacity building, enhanced data sources, and statistical infrastructure improvements are ongoing. - Rec. II.10: IIP data collected and prepared in line with the BOP and IIP Manual and published quarterly; work underway to finalize preparation of IIP data by sectors in line with DGI requirements. Preparation of IIP by currency remains a challenge. - Rec. II.11: SAMA, with BIS cooperation, succeeded in submitting LBS by residence and by nationality on a quarterly basis; SAMA has started working with BIS for reporting CBS in the near future. - Rec. II.13: Implementing comprehensive quarterly and annual survey of FDI by country and economic activity, currently focused on inward investments to support CDIS recommendation. - Rec. II.15: Central Government Data reported quarterly; General Government Data compilation in progress, constrained by staff capacity and readiness of some government entities. Way forward: automate collection from extrabudgetary units (EBUs). - Rec. II.16: Government debt reported without issue; general government equals central government in Saudi Arabia in absence of state and local governments. Work advanced to include additional instruments and EBU data; dissemination is a good proxy of general government. Plan to include main public corporations. ### South Africa — compliance, partial gaps, and work in progress - Fully compliant with 2021 targets for: Rec. II.2 (excluding RPPI), Rec. II.3, Rec. II.12. - Partially compliant with 2021 targets: - Rec. II.6: BIS semi-annual survey not applicable; central counterparties and OTC derivatives outstanding remain issues. - Rec. II.7: on track per self-commitments. - Rec. II.10: OFCs and currency breakdowns being addressed via improved surveys. - Rec. II.11: except consolidated, intend to commence CBS feasibility study. - Rec. II.13: provide annual gross inward and outward flows on DI on asset and liability basis, but not on net basis; directional basis is a major challenge and being addressed with new surveys. - Rec. II.15: implementing GFSM2014; quarterly data needs improvement; datasets mix cash, cash adjusted and accrual. - Work in progress and operational items: - Rec. II.5: report data for FSB annual global monitoring on NBFI but gaps remain for securities lending/borrowing and breakdown of financial corporations. - Rec. II.8: advanced stage addressing requirements, but household and NPISH sectors not separately available; experimental sectoral accounts released December 2021 and others to be released January 2022 to OECD; compiling and publishing quarterly financial sector accounts/national financial account/flow of funds according to 1993 SNA and completing 1993 SNA questionnaires. - Rec. II.14: split into OFCs and NFC being addressed via survey revisions for non-bank institutions. - Rec. II.16: consolidated quarterly data at all government levels with broad instrument coverage being developed; national government already available. - Rec. II.17: currently meet target via private sector banks reporting; Statistics South Africa developing an official RPPI. - Rec. II.18: South African Reserve Bank attempting to compile an unofficial index. - Challenging: Rec. II.9 due to lack of data. - Not currently relevant: Rec. II.4 (no G-SIIs). ### Turkey — reporting updates and index development - Rec. II.7: From Q4 2020 started reporting multiple BIS tables (Table 1.1, 1.2, 1.3, 2.1, 2.2, 3.1) covering debt securities issues/holdings with various breakdowns and market/nominal valuations. - Rec. II.8: TurkStat compiles annual Non-Financial Sector Accounts; experimental quarterly sectoral accounts continued; integration planned to allow quarterly sectoral accounts. - 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 LBS not reported; domestic positions in domestic currency for CBS not reported yet but planned with CBS revisions in 2022. - Rec. II.14: Turkey reports OFCs data in SRFs to IMF Statistics Department. - Rec. II.16: 2018 intermediate target for central government debt met; PSDS debt data for other general government sub-sectors collected; general government debt dissemination planned soon. - Rec. II.17: From February 2019, RPPI for new and existing dwellings calculated using hedonic regression; base year changed to 2017. - Rec. II.18: CPPI data submitted by banks quarterly since 2015. Central Bank completed construction of retail property price index and office price index using characteristics hedonic method; CPPI produced as weighted average of retail property and office indices. As of 2021-year end, CPPI not officially published nor reported to BIS; aim to publish in near future. ### United Kingdom — transformation program and data initiatives - ONS transformation to improve economic statistics and develop UK financial accounts to meet G20 DGI-2 and SDDS Plus; transformation continues post-2021 to deliver outstanding DGI-2 Recommendations. - Regular publication of experimental statistics under Enhanced Financial Accounts for OFIs sectors S.123-S.127 and S.129 Pension Funds; experimental whom-to-whom matrices published Q4 2020 and Q4 2019 covering 15 ESA2010 sub-sectors and 22 ESA2010 financial instruments. - Bank of England reviewing and updating processes to align UK with 2019 FSIs guidance; work scheduled to complete before end-2022. Reconciliation exercise caused delays; intention to share data with IMF up until Q4 2021 by end-May. - Bank of England and ONS collaborating on a securities issuance and holdings database to improve Rec. II.7 statistics; first delivery phase went live in February 2021; next phase planned for mid-2023. - Long-term workstream to achieve Rec. II.14 compliance; will take several years. - Producing CPPI and compiling currency composition of IIP remain challenges; ONS developing an in-house indicator for Rec. II.18, currently in testing phase and working closely with BIS to transmit data soon. ### United States — data contributions and recent releases - Participates in and supplies data to FSB annual global monitoring exercise on NBFI, including Financial Accounts (Rec. II.5). - June 12, 2018: CFTC published final rules removing Indemnification Requirement for access to swap data held at swap data repositories and establishing process for access. SEC had a similar procedure earlier. No remaining legal barriers to access after Congressional repeal of statutory indemnification requirement in 2015 (Rec. II.6). - FRB reports nearly all holdings of debt securities at market value (Rec. II.7). - BEA developing quarterly data for non-financial transactions by institutional sector to OECD (Rec. II.8). - BEA and FRB working to produce additional sectoral accounts (Integrated Macroeconomic Accounts) for mutual funds and money market mutual funds; 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). - December 2021: BEA released new statistics on US debt positions by currency, sector, and maturity, meeting remaining targets in Rec. II.10. - Rec. II.11: Domestic positions vis-à-vis residents in LBS (status noted). ### Netherlands and Spain — non-G20/EA member progress summaries - Netherlands (non-G20 FSB member): - Committed to implementing all DGI-2 recommendations and participating in monitoring program. - Implemented nearly all DGI-2 recommendations; cooperation between Statistics Netherlands and The Netherlands Bank facilitated implementation. - Published initial Dutch CPPI covering 2008 to 2020 quarterly, improved sectoral accounts and BOP datasets, improved NBFI data collection facilitating FSB NBFI monitoring, and started periodic reporting of SFTs to FSB. - Spain (non-G20 FSB member and EU/Euro area member, SDDS Plus adherent): - Broadly covered DGI-2 recommendations due to cooperation between Banco de España and INE. - Sectoral accounts: almost all breakdowns disseminated nationally and/or included in Eurostat/ECB requirements. Remaining targets available in internal databases transmitted in 2019 to international organizations as requested. - Stock of non-financial assets released end-2019. - External statistics: all recommendations covered; IIP with currency breakdown provided in September 2021 per ECB/2018/19 implementation. - Commercial property prices: progress ongoing under Eurostat leadership across EU Member States. ### Explanatory notes and selected gaps for Recommendation II.8 — Sectoral accounts - Annual non-financial accounts transactions — selected missing items (examples): - Australia: Missing B1 for subsectors S11,S12,S13,S14_S15; B2_B3G for S12 & S13; B5 for S13 and S1; B6 for S11 & S12; D1 for S11,S12,S13,S14_S15; D2, D21, D29, D3, D31, D39 for most sectors. - Brazil: Missing D3, D39 received for all subsectors and paid for S1 and S2; D41G for all sectors except S2; K1 missing for all sectors except S11. - Canada: Missing numerous transactions including B1G for S11,S12,S14_S15; D1P for S11,S12,S14_S15; D2P and D29P for S11,S12,S14_S15; D3R for all subsectors; many others. - China: Missing D21, D29 paid/received for all sectors; D31; D39 paid/received for all sectors; D71, D72 and D41G paid/received for all sectors. - Japan: Missing D29 paid and D3 received for all subsectors; D31; D39 paid/received for all sectors. - Korea: Missing D91 and D41G for all sectors; D9 paid and received confidential for all sectors. - Russia: Missing D41, D41G, D91 paid and received for all sectors. - South Africa: D91 and D41G transmitted only confidentially; NP missing for all sectors though researched and to be included in due course. - United States: Historical series now available from 1970; missing D71R, D72 paid/received, D8 paid/received for all sectors. - Quarterly non-financial accounts transactions — selected missing items (examples): - Australia: Missing balancing item B1G for S11,S12,S13,S14_S15; missing sub-transactions D31, D39, D91, D9N, and D8. - Canada: Missing B1G for S11,S12,S14_S15; multiple other transaction gaps across sectors. - Italy: Some transmitted but not publishable sub-transactions of D7 (D71, D72, D7N). - Japan: Quarterly data transmitted once a year to OECD with two-quarter lag; missing B1G, B2G+B3G, B9 for all sectors; limited sector coverage. - Russia: Limited coverage only few production and generation of income items for 2011-2018 quarters. - South Africa: Experimental quarterly non-financial accounts from 2019Q1 transmitted to OECD end-2021 but remain confidential; NP researched to be included later. - United Kingdom: Does not record receipts by S2 from UK residents for D29 and D91; missing D8 paid for S11, S13, S2. - Annual stocks of non-financial assets — selected missing items (examples): - Australia: Missing AN111 for S12; AN1121 and AN1122 for all sectors; AN12 for S12. - Canada: Missing AN1121 and AN1122 for all sectors. - Germany: AN12 (Inventories) confidential for all sectors. - Russia: Missing AN1121, AN1122, AN117, AN12, AN211 for all sectors. - South Africa: Advanced stage of releasing results; some non-produced asset gaps remain; data transmitted to OECD but confidential. - Switzerland: Annual stocks of non-financial data not transmitted. - Note: Requests for AN2111 and AN21111 ignored in traffic light assessment as voluntary in OECD/Eurostat questionnaires. ### Financial accounts and balance sheets — annual and quarterly selected statuses - Australia: Non-consolidated data missing for annual and quarterly frequencies. - Brazil: Only main sectors provided for annual data; missing sub-instruments of F1 and F52; no quarterly or consolidated data transmitted. - Canada: Missing annual transactions and stocks for sub-instruments of F2, F4, F52, F6; quarterly gaps for sub-instruments of F2, F4, F6. - France: All target requirements met via additional data transmission to OECD. - Germany: All target requirements met through January 2022 ECB transmission to OECD. - India: Since December 2019, annual non-consolidated transactions and balance sheets reported, but breakdowns of F3, F4, F51 missing and consolidated general government missing. Traffic light: orange (annual) and red (quarterly) for 2021 assessment. - Italy: All target requirements met; traffic light moved from orange to green for both frequencies. - Japan: All target requirements met. - Korea: Missing sub-instruments of F1 and F51 for annual and quarterly; F52 and F6 confidential since August 2019; only annual consolidated stock liabilities of general government reported. - Mexico: Quarterly financial accounts and balance sheets transmitted in September 2021; only consolidated general government missing; moved from red to green for quarterly frequency. - Russia: Only main instruments (F1-F6, F8) provided for annual and quarterly; Bank of Russia compiles separate data for S121 and S122 internally; no consolidated data reported. Bank of Russia started providing OECD FWTW data on currency and deposits quarterly and compiles FWTW tables annually for all instruments internally. Plans to provide FWTW for debt securities and loans by 2021. - South Africa: Annual high-level unbalanced stocks for S14+S15 only; missing sub-instruments F1, F51, F7 in annual non-consolidated transactions; quarterly non-consolidated transactions reported with sub-instrument gaps; no consolidated general government data. Experimental non-consolidated stocks and transactions available quarterly and annually from 2010 onwards; expected early 2022 to meet most minimum targets except F66 and F72 and some encouraged targets. Will work toward consolidated submissions. - Turkey: All target requirements met. - United Kingdom: Annual and quarterly missing sub-instruments of F52 and F7, and sectors S121, S122, S123. Quarterly consolidated general government data missing. - United States: Financial derivatives F7 not reported for quarterly and annual frequencies. - EU/EA: Annual no disaggregated data for F71+F72; colouring moved from amber to green for annual. Quarterly no disaggregated data for F61+F66; quarterly data for S121 and S122+S123 published since July 2019; separate S123 not disseminated. Quarterly consolidated general government missing; euro area aggregates almost complete but consolidated EU aggregates cannot be compiled. - Netherlands: S122 and S123 not provided separately on a quarterly basis. Quarterly consolidated general government data transmitted to OECD; Netherlands becomes green for quarterly frequency. - Spain: All targets met. - Switzerland: Annual instrument breakdowns missing for loans (F4), equity (F51), financial derivatives and employee stock options (F7), other accounts receivable/payable (F8). Quarterly financial accounts and balance sheets not transmitted. *International Monetary Fund — G20 DGI-2 status update (end-2021).* ### 2001. Further, India has already started reporting data under the Committee on the ### g20-dgi-2-status-of-progress-and-key-challenges-update-end-2021 - 2001. Further, India has already started reporting data under the Committee on the ### India — progress on DGI-2 recommendations and operational developments - Global Financial System Stage-1 enhancements and Stage-2 enhancements covering both the LBS and CBS: India has already started reporting data under the Committee on the Global Financial System. - 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 them to the IMF. - Rec. II.15: - Concordance tables for conversion of Central and State Government budget data into Government Finance Statistics (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 and will be shared with IMF SARTTAC once prepared. - 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 stabilization. Additional trainings for A&E office staff are planned. Ministry of Finance is the nodal agency for compilation of GFS 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 compilation. - 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 a comprehensive general government data including centre, states, local government and public sector enterprises is not available. - RBI is taking the initiative to compile municipal corporation finance data to fill gaps in 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 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 currently compiling the CPPI for India. As RBI and National Housing Bank concentrate on RPPI development, CPPI compilation will take additional 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 surveys (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 on ministry links. ### Indonesia — main accomplishments and outstanding items - Rec. II.5: Indonesia reported data to FSB annual monitoring exercise on NBFI; data gaps remain for SFTs due to limited availability. - Rec. II.7: Indonesia submitted its self-commitment regarding Debt Securities Statistics to BIS; data in market values are not for publication. - Rec. II.8: - Development of Sectoral Accounts and Balance Sheets executed as collaborative national project (BPS, Central Bank, Financial Services Authority, Ministry of Finance, Ministry of State-Owned Enterprises). - Compilation of Financial and Non-Financial Accounts Transactions for 2016-2019 completed (annual and quarterly); data disseminated through BPS website. - Financial and non-financial balance sheets in final phase of compilation and will be disseminated in due time. - Rec. II.11: Indonesia submitted Stage-2 LBS quarterly data and three quarters of CBS test data; on track to join CBS reporting population. - Rec. II.12: Indonesia completed the CPIS target. - Rec. II.13: Indonesia completed the CDIS data requirement. - Rec. II.15: - Indonesia issued Indonesian Government Finance Statistics Manual adapted from IMF's GFSM2014. - Compiled annual and quarterly general government finance statistics on a modified cash/accrual basis, and annual public sector finance statistics. - Started reconciling GFS with PSDS and full sequence of accounts/sectoral accounts balance sheet. - Further enhancement to fully apply accrual basis requires fundamental changes in fiscal policy framework. ### Italy — compliance and advanced initiatives - Core requirements for DGI-2 recommendations (where templates defined) completed, except SFTs (Rec. II.5) where data submission awaits resolution of confidentiality regime issues. - Pilot exercises for SFT data reporting tested technical aspects (transmission channel, data structure, file format). - Italy has achieved many “more advanced ambitions.” - Rec. II.9: Italy engaged in OECD-Eurostat EG-DNA; produced distributional estimates for household disposable income for 2015-2017 consistent with Expert Group methodology; published as experimental statistics in December 2020. Plans to extend distributional estimates to more recent years and to household consumption. Active participation in ECB Expert Groups EG-LMM and EG-DFA aiming to compile experimental distributional results by end-2022. ### Japan — implementation milestones and confidentiality considerations - Rec. II.5: Japan progressed on global SFT data collection and aggregation; started collecting SFT data from reporting parties, reporting all tables to FSB since January 2019, and releasing new SFT statistics since January 2020. - Rec. II.7: Japan started to report on self-commitments of the 2021-Targets to BIS from July 2021. - Rec. II.8: Japan is working to meet template requirements, using estimates for parts with systemic features; started reporting Targets to OECD from July 2021. Some non-financial transaction series face source-data limitations. - Rec. II.14: Japan developed a method to estimate the NFC sector in the CBS and has collected additional IBS-related data from reporting banks; started transmitting relevant data to BIS since Q4 2019. - Rec. II.15: Japan adhered to the SDDS Plus in April 2016 and began disseminating general government operations data since April 2021. - Rec. II.20: Japan emphasizes careful weighting of enhanced granular data accessibility against confidentiality protections. ### Korea — targets, reporting status, and next steps - Bank of Korea implementing most DGI-2 recommendations. - Rec. II.7: - Korea reports core stock data at nominal value on debt securities to BIS. - Since 2021, Korea reports stocks, net transactions of issues and holdings at market value, From-Whom-To-Whom Data at market value and other self-commitments data. - Rec. II.8: - Financial accounts targets largely reachable 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 for current accounts. - Plans include detailed review of estimation procedures and time series stability. ### Mexico — data expansions, milestones, and challenges - Rec. II.8: - On November 2018, INEGI published required openings including assets AN1121, AN1122, AN11 Fixed Assets. - Expanded financial assets disaggregation (AF1, AF2, AF3, AF4, AF5, AF6, AF8) by institutional subsector; AF6 openings include second digit breakdowns (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; December 2020 delivery updated to 2019 showing qualification requirement solved except for consolidated data and quarterly data. - Progress highlights: - Rec. II.7: Working on 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), net transactions (table 2.2). All four tables reported with information for Q2 2021, Q3 2021 and Q4 2021. Quarterly data on stocks of debt securities issues at nominal value published; BIS has received data from Q4 2018 to Q4 2021. - Rec. II.8: On September 2, 2020, INEGI published Quarterly Accounts by Institutional Sector, series Q1 2008-Q1 2020. SDMX 7II and 7HH tables sent to OECD on December 7 and will be sent quarterly after publishing date per National Interest Information Calendar. - Publication scheme divided into two blocks: series by institutional sector and G20 standard (non-financial transactions, financial flows, financial stocks, inter-sectoral From-Whom-To-Whom flows and stocks). - Rec. II.9: INEGI engaged with EG-DNA and shared biennial information for 2008-2018 available at OECD/Eurostat experimental statistics. - Rec. II.10: Intermediate target 2 met. In December 2021 Banco de México submitted to the IMF the currency breakdown for IIP. Banco de México reported an update in March 2022. - Rec. II.11: Fully implemented agreed IBS enhancements for LBS Stage I. Progress on Stage II for IBS; statistical reports (CBS and LBS) under final revisions and expected to be delivered during Q3 2022. - Challenges: - Rec. II.7: Developing a flexible and robust system to calculate all statistics and ensure needed accuracy. - Rec. II.8: Publish recurrent updates for quarterly accounts by institutional sector 155 days after the quarter; continue work on Trend templates (Sector level 2), covering tables 4.a, 4.b and 5 (Q & A). Scope of quarterly whom-to-whom sectoral tables published in September 2020 still being analyzed for template coverage. - 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 (biennial series 2008-2018); considering publishing series including 2020 and testing alternative methodologies where survey data is insufficient. - Rec. II.11: Stage II statistical reports under final revision; expected delivery Q3 2022. ### Russia — reporting arrangements and data publication timelines - Since 2017, seven obligatory FSIs transmitted by Bank of Russia to IMF quarterly. Since 2018, annual submission of two FSIs for OFCs. - Rec. II.6: - Data reported to TRs includes Unique Transaction Identifier (UTI) whose format is aligned with international identifier format, but generation mechanism rules in Bank of Russia Ordinance # 4104 as of 2016 differ from CPMI-IOSCO UTI technical guidance. - Ordinance stipulates basic characteristics of entity(ies) responsible for generating UTIs and circumstances when UTI should be generated and life-cycle events affecting UTI. - Access by relevant foreign authorities to TRs data in the Russian Federation is allowed via indirect request through Bank of Russia. - Rec. II.7: Bank of Russia publishes outstanding amounts of debt securities issued on 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 T+12 months for final annual data. - Compiles separate data for sectors S121 and S122 on annual and quarterly basis for internal use. - Publishes From-Whom-To-Whom format data on currency and deposits quarterly on official website; From-Whom-To-Whom 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 began publishing new data on financial assets and liabilities of household sector with T+3 months timeliness. - Rec. II.10: - Since 2018, Bank of Russia produces detailed currency composition of foreign financial assets and liabilities quarterly and provides separate identification of OFCs on a semiannual basis. - Since 2021, data on OFC will be published quarterly. - Data on foreign debt liabilities on remaining maturity basis are regularly published. - Rec. II.11: Bank of Russia 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 (text continues). *International Monetary Fund — G20 DGI-2 status update (end-2021).* ### 2017. The data include information on the sector of nonresident issuer. ### g20-dgi-2-status-of-progress-and-key-challenges-update-end-2021 - 2017. The data include information on the sector of nonresident issuer. ### Progress and key challenges by selected economies - Saudi Arabia - Serious and sustained internal work to accomplish DGI requirements, with key challenges including lack of private sector and household data and access to administrative records. - Rec. II.8: Work underway to provide annual data for the financial and non-financial account; data availability remains a challenge, especially for the non-financial account and household data. Capacity building, enhanced data sources, and statistical infrastructure improvements are ongoing to achieve Sectoral Accounts recommendation. - Rec. II.10: IIP data collected and prepared in line with the BOP and IIP Manual and published quarterly; work underway to finalize preparation of IIP data by sectors in line with DGI requirements. Preparation of IIP by currency remains a challenge. - Rec. II.11: SAMA, with BIS cooperation, succeeded in submitting LBS by residence and by nationality on a quarterly basis. SAMA has started working with BIS for reporting CBS in the near future. - Rec. II.13: Implementing comprehensive quarterly and annual survey of FDI by country and economic activity, currently focused on inward investments to support CDIS recommendation. - Rec. II.15: Central Government Data reported quarterly; General Government Data compilation in progress, constrained by staff capacity and readiness of some government entities. Way forward: automate collection from extrabudgetary units (EBUs). - Rec. II.16: Government debt reported without issue; general government equals central government in Saudi Arabia in absence of state and local governments. Work advanced to include additional instruments and EBU data; current dissemination is a good proxy of general government. Plan to include main public corporations. - South Africa - Fully compliant with 2021 targets for: Rec. II.2 (excluding RPPI), Rec. II.3, Rec. II.12. - Partially compliant with 2021 targets: - Rec. II.6: BIS semi-annual survey not applicable; central counterparties and OTC derivatives outstanding remain issues. - Rec. II.7: on track per self-commitments. - Rec. II.10: OFCs and currency breakdowns being addressed via improved surveys. - Rec. II.11: except consolidated, intend to commence CBS feasibility study. - Rec. II.13: provide annual gross inward and outward flows on DI on asset and liability basis, but not on net basis; directional basis is a major challenge and being addressed with new surveys. - Rec. II.15: 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 but gaps remain for securities lending/borrowing and breakdown of financial corporations. - Rec. II.8: advanced stage addressing requirements, but household and NPISH sectors not separately available; experimental sectoral accounts released December 2021 and others to be released January 2022 to OECD; still compiling and publishing quarterly financial sector accounts/national financial account/flow of funds according to 1993 SNA and completing 1993 SNA questionnaires. - Rec. II.14: split into OFCs and NFC being addressed via survey revisions for non-bank institutions. - Rec. II.16: consolidated quarterly data at all government levels with broad instrument coverage being developed; national government already available. - Rec. II.17: currently meet target via private sector banks reporting; Statistics South Africa developing an official RPPI. - Rec. II.18: South African Reserve Bank attempting to compile an unofficial index. - Challenging: Rec. II.9 due to lack of data. - Not currently relevant: Rec. II.4 (no G-SIIs). - Turkey - Rec. II.7: From Q4 2020 Turkey started reporting multiple BIS tables (Table 1.1, 1.2, 1.3, 2.1, 2.2, 3.1) covering debt securities issues/holdings in various breakdowns (sector, currency, maturity, interest rate, market; stocks at nominal/market value; net transactions; from-whom-to-whom framework). - Rec. II.8: TurkStat compiles annual Non-Financial Sector Accounts; experimental quarterly sectoral accounts continued; integration of sectoral accounts into national compilation system planned to allow quarterly sectoral accounts. - 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 LBS not reported; domestic positions in domestic currency for CBS not reported yet but planned with CBS revisions in 2022. - Rec. II.14: Turkey reports OFCs data in SRFs to IMF Statistics Department. - Rec. II.16: 2018 intermediate target for central government debt met; PSDS debt data for other general government sub-sectors collected; general government debt dissemination planned soon. - Rec. II.17: From February 2019, RPPI for new and existing dwellings calculated using hedonic regression; base year changed to 2017. - Rec. II.18: CPPI data submitted by banks quarterly since 2015. Central Bank completed construction of retail property price index and office price index using characteristics hedonic method; CPPI produced as weighted average of retail property and office indices. As of 2021-year end, CPPI not officially published nor reported to BIS; aim to publish in near future. - United Kingdom (UK) - ONS transformation to improve economic statistics and develop UK financial accounts to meet G20 DGI-2 and SDDS Plus; transformation continues post-2021 to deliver outstanding DGI-2 Recommendations. - Regular publication of experimental statistics under Enhanced Financial Accounts for OFIs sectors S.123-S.127 and S.129 Pension Funds; experimental whom-to-whom matrices published Q4 2020 and Q4 2019 covering 15 ESA2010 sub-sectors and 22 ESA2010 financial instruments. - Bank of England reviewing and updating processes to align UK with 2019 FSIs guidance; work scheduled to complete before end-2022. Reconciliation exercise caused delays; intention to share data with IMF up until Q4 2021 by end-May. - Bank of England and ONS collaborating on a securities issuance and holdings database to improve Rec. II.7 statistics; first delivery phase went live in February 2021; next phase planned for mid-2023; database built on Bank of England systems. - Long-term workstream to achieve Rec. II.14 compliance; will take several years. - Producing CPPI and compiling currency composition of IIP remain challenges; ONS developing an in-house indicator for Rec. II.18, currently in testing phase and working closely with BIS to transmit data soon. - United States - Participates in and supplies data to FSB annual global monitoring exercise on NBFI, including Financial Accounts (Rec. II.5). - June 12, 2018: CFTC published final rules removing Indemnification Requirement for access to swap data held at swap data repositories and establishing process for access. SEC had a similar procedure earlier. No remaining legal barriers to access after Congressional repeal of statutory indemnification requirement in 2015 (Rec. II.6). - FRB reports nearly all holdings of debt securities at market value (Rec. II.7). - BEA developing quarterly data for non-financial transactions by institutional sector to OECD (Rec. II.8). - BEA and FRB working to produce additional sectoral accounts (Integrated Macroeconomic Accounts) for mutual funds and money market mutual funds; 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). - December 2021: BEA released new statistics on US debt positions by currency, sector, and maturity, meeting remaining targets in Rec. II.10. - Rec. II.11: Domestic positions vis-à-vis residents in LBS (status noted). - Netherlands (non-G20 FSB member economy) - Committed to implementing all DGI-2 recommendations and participating in monitoring program. - Implemented nearly all DGI-2 recommendations; close cooperation between Statistics Netherlands and The Netherlands Bank facilitated implementation. - Achievements include publication of initial Dutch CPPI covering 2008 to 2020 quarterly, improvements in sectoral accounts and BOP datasets, improved NBFI data collection facilitating FSB NBFI monitoring, and starting periodic reporting of SFTs to FSB. - Implementation resulted in better data to monitor financial sector developments and interconnectedness. - Spain (non-G20 FSB member economy) - As EU/Euro area member and SDDS Plus adherent, broadly covered DGI-2 recommendations due to close cooperation between Banco de España and INE. - Sectoral accounts: almost all breakdowns disseminated nationally and/or included in Eurostat/ECB requirements. Remaining targets available in internal databases transmitted in 2019 to international organizations as requested. - Stock of non-financial assets released end-2019. - External statistics: all recommendations covered; IIP with currency breakdown provided in September 2021 per ECB/2018/19 implementation. - Commercial property prices: progress ongoing under Eurostat leadership across EU Member States. ### Explanatory notes for Recommendation II.8 — Sectoral accounts (selected country gaps and statuses) - Dissemination of non-financial accounts transactions (annual data) — selected country missing items - Australia: Missing transactions include B1 for subsectors S11,S12,S13,S14_S15; B2_B3G for S12 & S13; B5 for S13 and S1; B6 for S11 & S12; D1 for S11,S12,S13,S14_S15; D2, D21, D29, D3, D31, D39 for most sectors. - Brazil: Missing D3, D39 received for all subsectors and paid for S1 and S2; D41G for all sectors except S2; K1 missing for all sectors except S11. - Canada: Missing numerous transactions including B1G for S11,S12,S14_S15; D1P for S11,S12,S14_S15; D2P and D29P for S11,S12,S14_S15; D3R for all subsectors; many others. - China: Missing D21, D29 paid/received for all sectors; D31; D39 paid/received for all sectors; D71, D72 and D41G paid/received for all sectors. - Japan: Missing D29 paid and D3 received for all subsectors; D31; D39 paid/received for all sectors. - Korea: Missing D91 and D41G for all sectors; D9 paid and received confidential for all sectors. - Russia: Missing D41, D41G, D91 paid and received for all sectors. - South Africa: D91 and D41G transmitted only confidentially; NP missing for all sectors though researched and to be included in due course. - United States: Historical series now available from 1970; missing D71R, D72 paid/received, D8 paid/received for all sectors. - Dissemination of non-financial accounts transactions (quarterly data) — selected country gaps - Australia: Missing balancing item B1G for S11,S12,S13,S14_S15; missing sub-transactions D31, D39, D91, D9N, and D8. - Canada: Missing B1G for S11,S12,S14_S15; multiple other transaction gaps across sectors. - Italy: Some transmitted but not publishable sub-transactions of D7 (D71, D72, D7N). - Japan: Quarterly data transmitted once a year to OECD with two-quarter lag; missing B1G, B2G+B3G, B9 for all sectors; limited sector coverage. - Russia: Limited coverage only few production and generation of income items for 2011-2018 quarters. - South Africa: Similar annual/quarterly gaps; experimental quarterly non-financial accounts from 2019Q1 transmitted to OECD end-2021 but remain confidential; NP researched to be included later. - United Kingdom: 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 missing items - Australia: Missing AN111 for S12; AN1121 and AN1122 for all sectors; AN12 for S12. - Canada: Missing AN1121 and AN1122 for all sectors. - Germany: AN12 (Inventories) confidential for all sectors. - Russia: Missing AN1121, AN1122, AN117, AN12, AN211 for all sectors. - South Africa: Advanced stage of releasing results; some non-produced asset gaps remain; data transmitted to OECD but confidential. - Switzerland: Annual stocks of non-financial data not transmitted. - Note: Requests for AN2111 and AN21111 ignored in traffic light assessment as voluntary in OECD/Eurostat questionnaires. ### Financial accounts and balance sheets — annual and quarterly (selected country statuses) - Australia: Non-consolidated data missing for annual and quarterly frequencies. - Brazil: Only main sectors provided for annual data; missing sub-instruments of F1 and F52; no quarterly or consolidated data transmitted. - Canada: Missing annual transactions and stocks for sub-instruments of F2, F4, F52, F6; quarterly gaps for sub-instruments of F2, F4, F6. - France: All target requirements met via additional data transmission to OECD. - Germany: All target requirements met through January 2022 ECB transmission to OECD. - India: Since December 2019, annual non-consolidated transactions and balance sheets reported, but breakdowns of F3, F4, F51 missing and consolidated general government missing. Traffic light: orange (annual) and red (quarterly) for 2021 assessment. - Italy: All target requirements met; traffic light moved from orange to green for both frequencies. - Japan: All target requirements met. - Korea: Missing sub-instruments of F1 and F51 for annual and quarterly; F52 and F6 confidential since August 2019; only annual consolidated stock liabilities of general government reported. - Mexico: Quarterly financial accounts and balance sheets transmitted in September 2021; only consolidated general government missing; moved from red to green for quarterly frequency. - Russia: Only main instruments (F1-F6, F8) provided for annual and quarterly; Bank of Russia compiles separate data for S121 and S122 internally; no consolidated data reported. Bank of Russia started providing OECD FWTW data on currency and deposits quarterly and compiles FWTW tables annually for all instruments internally. Plans to provide FWTW for debt securities and loans by 2021. - South Africa: Annual high-level unbalanced stocks for S14+S15 only; missing sub-instruments F1, F51, F7 in annual non-consolidated transactions; quarterly non-consolidated transactions reported with sub-instrument gaps; no consolidated general government data. Experimental non-consolidated stocks and transactions available quarterly and annually from 2010 onwards; expected early 2022 to meet most minimum targets except F66 and F72 and some encouraged targets. Will work toward consolidated submissions. - Turkey: All target requirements met. - United Kingdom: Annual and quarterly missing sub-instruments of F52 and F7, and sectors S121, S122, S123. Quarterly consolidated general government data missing. - United States: Financial derivatives F7 not reported for quarterly and annual frequencies. - EU/EA: Annual no disaggregated data for F71+F72; colouring moved from amber to green for annual. Quarterly no disaggregated data for F61+F66; quarterly data for S121 and S122+S123 published since July 2019; separate S123 not disseminated. Quarterly consolidated general government missing; euro area aggregates almost complete but consolidated EU aggregates cannot be compiled. - Netherlands: S122 and S123 not provided separately on a quarterly basis. Quarterly consolidated general government data transmitted to OECD; Netherlands becomes green for quarterly frequency. - Spain: All targets met. - Switzerland: Annual instrument breakdowns missing for loans (F4), equity (F51), financial derivatives and employee stock options (F7), other accounts receivable/payable (F8). Quarterly financial accounts and balance sheets not transmitted. --- _Source: https://www.imf.org/-/media/files/research/imf-and-g20/2022/g20-dgi-2-status-of-progress-and-key-challenges-update-end-2021.pdf_