Belarus: Technical Assistance Report-Financial Accounts and Balance Sheet Statistics Mission
IMF Staff Country Reports, October 25, 2022
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- Canonical URL
- Belarus: Technical Assistance Report-Financial Accounts and Balance Sheet Statistics Mission
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Bibliographic details
- Published: October 25, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400221712.002
Mission overview
- Remote technical assistance (TA) mission provided guidance to the National Statistical Committee of the Republic of Belarus (BelStat) on the preliminary estimates of the Financial Accounts and Balance Sheets (FABS) for 2017.
- Mission objectives included improving consistency between financial flows and stocks and improving the reconciliation process of the FABS.
- BelStat is responsible for compiling the current accounts for all institutional sectors and has started compiling the financial accounts, with important progress reported.
Key findings and progress
- Preliminary FABS estimates for 2017 were developed.
- Progress made on compiling revaluation and other changes in volume accounts to enhance consistency of financial flows and stocks.
- Important progress noted in BelStat’s work toward compiling financial accounts.
Technical guidance provided
- Assistance on compiling the revaluation and the other changes in volume accounts to improve reconciliation of FABS.
- Guidance on compiling Financial Intermediation Services Indirectly Measured (FISIM) to achieve a more consistent estimate.
Main recommendations
- To regularly compile FABS, BelStat should address discrepancies between net lending/borrowing from the capital account and the financial account by incorporating more data sources, specifically:
- government’s financial stocks
- business accounting data
- Continue work on compiling FABS for 2017 and onwards.
Content in this bundle
- 1blrea2022001