## Developing Sectoral Accounts and Balance Sheets in Colombia, Indonesia, and Peru

## Source details

**Canonical URL:** [Developing Sectoral Accounts and Balance Sheets in Colombia, Indonesia, and Peru](https://www.imf.org/en/capacity-development/cd-stories/colombia-indonesia-peru-developing-sectoral-accounts-balance-sheets)

## Other formats

- [Markdown version](/en/capacity-development/cd-stories/colombia-indonesia-peru-developing-sectoral-accounts-balance-sheets/index.md)
- [Structured JSON version](/en/capacity-development/cd-stories/colombia-indonesia-peru-developing-sectoral-accounts-balance-sheets/index.json)
- [Bundle manifest](/en/capacity-development/cd-stories/colombia-indonesia-peru-developing-sectoral-accounts-balance-sheets/bundle-manifest.json)

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### Challenge
- Sectoral accounts and balance sheets provide deeper knowledge of the economy, including:
  - the interrelationship between the real sectoral accounts and the financial accounts; and
  - the vulnerabilities in sectors that may spill over to other sectors.
- Compilation requires integrating real, financial, fiscal, and external sector statistics through internationally accepted statistical methodologies and frameworks.
- Decentralized statistical systems in Colombia, Indonesia, and Peru required close interagency collaboration among various data-producing and administrative data-providing agencies.

### Approach
- The Swiss State Secretariat for Economic Affairs (SECO) funds the IMF assistance to Colombia, Indonesia, and Peru in developing annual and quarterly estimates of sectoral accounts and balance sheets.
- Priorities included:
  - work on coverage, scope, and timeliness of the estimates by broadening source data; and
  - enhancing staff capacity.
- Institutional arrangements to commit participants to outcomes and timelines:
  - establishment of a formal steering committee to make decisions on cross-cutting issues; and
  - formation of project teams and working groups on specific topics.
- Capacity building:
  - the IMF provided general training on sectoral accounts and specific training on certain topics.

### Impact
- Very promising progress was made in all three countries with compiling and reconciling annual estimates.
- Each country compiled annual nonfinancial and financial sectoral accounts and balance sheet data during 2018 and began producing quarterly estimates.
- Expected benefits:
  - improved ability to detect systemic risks;
  - identification of vulnerabilities; and
  - detection of possible contagion from economic shocks.

---

## Content in this bundle

- **Partnerships for Capacity Development**
  - [Partnerships for Capacity Development (Markdown version)](/-/media/files/capacity-developement/brochures/imf-partnerships-brochure-september-2019.pdf.md){rel="alternate" type="text/markdown"}
  - [Partnerships for Capacity Development (PDF)](/-/media/files/capacity-developement/brochures/imf-partnerships-brochure-september-2019.pdf){rel="external" type="application/pdf"}
- **Regional Capacity Development Centers**
  - [Regional Capacity Development Centers (Markdown version)](/-/media/files/capacity-developement/brochures/regional-capacity-development-centers-brochure-september-2019.pdf.md){rel="alternate" type="text/markdown"}
  - [Regional Capacity Development Centers (PDF)](/-/media/files/capacity-developement/brochures/regional-capacity-development-centers-brochure-september-2019.pdf){rel="external" type="application/pdf"}

---

## References

- [IMF Capacity Development](https://www.imf.org/en/capacity-development)
- [Digital Training Catalog](https://www.imf.org/en/capacity-development/training/icdtc)
- [Capacity Development Strategy](https://www.imf.org/en/capacity-development/strategy-policies)
- [Country Stories](https://www.imf.org/en/capacity-development/cd-stories)
- [Global - Developing Sectoral Accounts and Balance Sheets in Colombia, Indonesia, and Peru](https://www.imf.org/en/Capacity-Development/cd-stories/cd-stories-colombia-indonesia-peru)

_Source: https://www.imf.org/en/capacity-development/cd-stories/colombia-indonesia-peru-developing-sectoral-accounts-balance-sheets_