The Federal Democratic Republic of Ethiopia: Technical Assistance Report-Financial Soundness Indicators Mission

IMF Staff Country Reports, December 18, 2020

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Canonical URL: The Federal Democratic Republic of Ethiopia: Technical Assistance Report-Financial Soundness Indicators Mission

The International Monetary Fund’s (IMF’s) Statistics Department (STA) provided technical assistance (TA) on financial soundness indicators (FSI) to the National Bank of Ethiopia (NBE) during June 15-July 10, 2020.
The TA mission took place in response to a request from the authorities, with the support of the IMF’s African Department (AFR).
Due to the COVID-19 pandemic and travel restrictions, the mission was conducted remotely via video conferences.
The mission worked with the staff of the NBE on the development of FSIs that are in line with the IMF’s 2019 FSI Guide.

Review the source data, institutional coverage, and accounting and regulatory frameworks supporting the compilation of FSIs.
Provide guidance for mapping source data for the banking sector to the FSI reporting templates FS2 and FSD as well as preparing the metadata.
Agree with the authorities on the timeline to begin regular reporting of the FSIs for deposit-takers to STA.
Provide technical assistance to the NBE on the compilation of net open positions in foreign currencies.

Remote engagement via video conferences with NBE staff to develop FSI compilation practices consistent with the 2019 FSI Guide.
Mapping of banking-sector source data to FSI reporting templates FS2 and FSD.
Preparation of FSI metadata aligned with STA requirements.
Guidance on compilation of net open positions in foreign currencies for the NBE.

Subject areas: Commercial banks; Financial institutions; Financial sector policy and analysis; Financial soundness indicators; Financial statements; Foreign currency exposure; Money; National accounts; Personal income; Public financial management (PFM).
Keywords (as provided): asset classification; Central Africa; Commercial banks; compilation framework; CR; Financial soundness indicators; Financial statements; financial system; Foreign currency exposure; foreign exchange; FSI data; FSI Guide; FSI metadata; FSI website; ISCR; NBE regulation; NBE staff seek; NBE's directive; Personal income; report form.