Zambia: Technical Assistance Report-Report on External Sector Statistics Mission
IMF Staff Country Reports, December 19, 2019
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- Canonical URL
- Zambia: Technical Assistance Report-Report on External Sector Statistics Mission
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Bibliographic details
- Published: December 19, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513523538.002
Mission focus and context
- Dissemination of external sector statistics during the Department for International Development—Enhanced Data Dissemination Initiative 2 Project Module 1.
- Emphasis on improving the International investment position (IIP) presentation and consistency with balance of payments data.
Key findings
- Recommended breakdowns in the IIP table that are of analytical relevance, including:
- government securities issued abroad and issued domestically.
- loan liabilities of the government and other sectors.
- The integrated IIP is key to verifying the consistency between:
- the positions,
- the transactions, and
- other changes.
- Accuracy of components within international reserves in the balance of payments and in the IIP can be further improved.
- Valuation changes in positions are currently being included in the balance of payments for some components, such as:
- government external debt, and
- reserve assets.
- Valuation changes should be removed from transactions (i.e., not recorded as transactions in the balance of payments).
Priority recommendations and support measures
- Prepare a detailed action plan to support progress across different work areas.
- Prioritize implementation of IIP breakdowns that enhance analytical value (government securities by residency of issuance; loan liabilities by sector).
- Improve measurement and reconciliation of reserve assets components between the balance of payments and the IIP.
- Remove valuation changes from recorded transactions in the balance of payments for affected components (example components cited: government external debt and reserve assets).
Subject coverage and keywords
- Subjects: Balance of payments statistics, Banking, Central banks, Economic and financial statistics, External position, External sector statistics, International investment position, Reserve assets
- Keywords: balance of payments, Balance of payments statistics, BOZ compiler, BOZ's FMD, CR, Economist balance of payments, External sector statistics, IIP, IIP statement, International investment position, ISCR, market value, release calendar, Reserve assets