Review of Data Provision to the Fund for Surveillance Purposes
April 12, 2024
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Data provision by member countries is a key input into the IMF’s surveillance
activities. The 2024 Review of Data Provision to the Fund for Surveillance Purposes
took place against the backdrop of profound shifts in the global economy, highlighting the important need for adequate macroeconomic and financial data to inform analysis and policymaking. This Review achieved a substantial, but manageable, update to the overall envelope of data that members are required to provide to the Fund in the areas of public sector, foreign exchange intervention, and macrofinancial indicators. Addressing these data gaps will reduce blind spots and support even-handedness in Fund surveillance. The Review also introduced a more structured and transparent assessment of data adequacy for surveillance. This strengthened framework will facilitate policy dialogue with the authorities on data issues and improve prioritization of capacity development efforts. Finally, the Review confirmed the long-standing practice of not applying the remedial framework when members do not provide certain data categories that the Fund considers outdated.
activities. The 2024 Review of Data Provision to the Fund for Surveillance Purposes
took place against the backdrop of profound shifts in the global economy, highlighting the important need for adequate macroeconomic and financial data to inform analysis and policymaking. This Review achieved a substantial, but manageable, update to the overall envelope of data that members are required to provide to the Fund in the areas of public sector, foreign exchange intervention, and macrofinancial indicators. Addressing these data gaps will reduce blind spots and support even-handedness in Fund surveillance. The Review also introduced a more structured and transparent assessment of data adequacy for surveillance. This strengthened framework will facilitate policy dialogue with the authorities on data issues and improve prioritization of capacity development efforts. Finally, the Review confirmed the long-standing practice of not applying the remedial framework when members do not provide certain data categories that the Fund considers outdated.
Subject: Credit, Economic sectors, Financial institutions, Foreign exchange, Foreign exchange intervention, Monetary policy, Money, Nonbank financial institutions, Political economy, Public debt, Public sector
Keywords: adequacy assessment framework, banks, bilateral surveillance, Credit, data, data adequacy, data provision, financial system, fiscal policy, foreign exchange intervention, Fund member, Global, IMF data standards initiative, multilateral surveillance, non-banks, Nonbank financial institutions, public sector, repos, swaps
Pages:
128
Volume:
2024
DOI:
Issue:
016
Series:
Policy Paper No. 2024/016
Stock No:
PPEA2024016
ISBN:
9798400273407
ISSN:
2663-3493
