Panama: Technical Assistance Report-Monetary and Financial Statistics

IMF Staff Country Reports, February 3, 2021

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Canonical URL: Panama: Technical Assistance Report-Monetary and Financial Statistics

A monetary and financial statistics (MFS) remote technical assistance (TA) mission from the IMF’s Statistics Department (STA) took place during June 22-July 10, 2020.
The mission was requested by the Superintendency of Banks of Panama (SBP) and supported by the IMF’s Western Hemisphere Department (WHD).
The work of the mission was facilitated by the collaboration of the staff of the Financial Studies Directorate (FSD) of the SBP.
Officials met during the mission are listed in Appendix I of the report.

Main objective: to assist the SBP in the compilation of new standard report forms for depository corporations (SRF 1SR and SRF 2SR).
The SRFs were to be developed on the basis of internationally accepted standards, as set out in the IMF’s 2016 Monetary and Financial Statistics Manual and Compilation Guide (MFSMCG).
The mission addressed the context of the SBP’s introduction of a new chart of accounts.
An additional objective was to agree on an improved timeline to report monetary and financial statistics to STA on a monthly basis.

Assistance focused on compilation of SRF 1SR and SRF 2SR aligned with the MFSMCG (2016).
Agreement reached on an improved monthly reporting timeline to STA (specific timeline details are contained in the report).
Collaboration with SBP Financial Studies Directorate staff was a key enabler of progress.

The mission aimed to establish an improved timeline to report monetary and financial statistics to STA, on a monthly basis.
The report summarizes the agreed monthly reporting arrangements (details presented in the full report).