Georgia: Technical Assistance Report-External Sector Statistics Mission
IMF Staff Country Reports, October 1, 2019
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- Georgia: Technical Assistance Report-External Sector Statistics Mission
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Bibliographic details
- Published: October 1, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513516035.002
Mission objectives and scope
- Assess Geostat’s progress in the area of external sector statistics (ESS).
- Provide further recommendations to improve data collection and compilation for producing the financial account components, including direct investment statistics, in an integrated format.
- Support development of methods to fill coverage gaps and address valuation limitations identified during analysis.
Key findings
- A method has been agreed for filling the gaps in coverage of imported cars.
- Limitations in valuation of re-exported cars were identified and an approach to address these limitations was agreed.
- Transactions related to gambling have shown a growing trend in recent years, with increasing nonresidents’ activities; coverage of these transactions needs improvement.
- Increasing workload from compilation and dissemination of new products, and efforts to enhance coverage and quality of existing products, combined with staff turnover, create capacity pressures in the External Trade and Foreign Investments Statistics Department.
Main recommendations
- Improve coverage of transactions related to gambling, with attention to nonresident activity.
- Consider allocating additional staff to the External Trade and Foreign Investments Statistics Department to manage increasing workload and staff turnover.
- Adopt a detailed one-year action plan to support progress, prioritizing recommendations that carry weight to make headway in improving Georgia’s ESS.
- Continue implementing the agreed methods for:
- Filling gaps in coverage of imported cars.
- Addressing valuation limitations of re-exported cars.
Implementation priorities and operational advice
- Prepare and execute a detailed one-year action plan focused on priority recommendations.
- Prioritize resource allocation (including staff) to areas with increased compilation and dissemination demands and where coverage gaps have been identified (for example, imported cars and gambling-related transactions).
- Maintain coordination between Geostat and other relevant agencies to integrate direct investment statistics into the financial account compilation process.
Source: Georgia: Technical Assistance Report-External Sector Statistics Mission, IMF
Content in this bundle
- 1geoea2019002