Republic of Madagascar: Technical Assistance Report—Report on Technical Assistance Mission in External Sector Statistics (July 2-13, 2018)
IMF Staff Country Reports, April 30, 2019
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- Republic of Madagascar: Technical Assistance Report—Report on Technical Assistance Mission in External Sector Statistics (July 2-13, 2018)
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Bibliographic details
- Published: April 30, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498312134.002
Mission scope and objectives
- Mission visited Madagascar to aid in external sector statistics (ESS), including the balance of payments and international investment position (IIP).
- Focus on improving coverage of the IIP by better using administrative sources and identifying new data sources for the private sector.
- One of the main ESS objectives: compilation of quarterly ESS.
Key findings
- Current IIP coverage is insufficient and can be improved through better use of administrative sources and by identifying new private-sector data sources.
- The collection system requires a more sustained effort to ensure timelier submission of data of adequate quality.
- Quarterly ESS compilation requires both:
- an increase in the number of compilers, and
- a change of approach in the collection of source data.
- Current quarterly data are compiled on the basis of the ESRI and should be supplemented by collection of quarterly data using a simple survey of major public and private enterprises.
Recommendations and action plan
- Prepare a detailed one-year action plan with a set of priority recommendations to make headway in improving the ESS.
- Strengthen the data collection system to secure timelier submission of adequate-quality data.
- Increase staffing (number of compilers) dedicated to quarterly ESS compilation.
- Supplement ESRI-based compilation with a simple quarterly survey targeted at major public and private enterprises.
- Better exploit administrative sources and identify new private-sector data sources to improve IIP coverage.
Subjects and keywords (as listed)
- Subjects: Balance of payments, Balance of payments statistics, Data collection, Economic and financial statistics, External position, External sector statistics, Foreign direct investment, International investment position
- Keywords: account transactions, accounts receivable, balance of payments, Balance of payments statistics, balance of payments transaction, BFM, BFM survey form, CR, data, Data collection, ESS data sets, External sector statistics, Foreign direct investment, goods data, import transaction, International investment position, investment project, ISCR, reserve assets transaction, transaction
Content in this bundle
- 1mdgea2019002