Cabo Verde: Technical Assistance Report-Monetary and Financial Statistics Mission

IMF Staff Country Reports, June 2, 2021

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Canonical URL: Cabo Verde: Technical Assistance Report-Monetary and Financial Statistics Mission

Mission type: monetary and financial statistics (MFS) remote technical assistance (TA) mission from the IMF’s Statistics Department (STA).
Requesting parties: IMF’s African Department (AFR) and the Bank of Cabo Verde (BCV).
Mission dates: January 18-29, 2021.
Main objectives:
- Reconcile the monetary accounts disseminated by the BCV with the monetary statistics submitted to STA for dissemination through International Financial Statistics and for internal use, in particular within AFR.
- Improve the collection of data on sectoral distribution of credit by economic activity.
- Implement the IMF’s 2016 Monetary and Financial Statistics Manual and Compilation Guide (MFSMCG).
Collaboration: Work facilitated by the BCV’s staff, in particular the Statistics and Economic Studies Department (DEE).
Administrative note: The officials met during the mission are listed in Appendix I.

Reconciliation focus:
- Emphasis on aligning BCV-disseminated monetary accounts with STA-submitted monetary statistics for consistency in International Financial Statistics and AFR internal use.
Data collection improvements:
- Priority on enhancing collection of sectoral distribution of credit by economic activity to improve granularity and usefulness of credit statistics.
Methodology implementation:
- Support provided for implementation of the IMF’s 2016 Monetary and Financial Statistics Manual and Compilation Guide (MFSMCG).

Subjects covered: Commercial banks, Economic and financial statistics, Financial institutions, Financial services, Insurance companies, International organization, Monetary policy, Monetary statistics, Nonbank financial institutions, Offshore financial centers.
Keywords highlighted: BCV data, central bank survey, Commercial banks, depository corporations survey, IMF's Statistics Department, Insurance companies, Monetary statistics, Nonbank financial institutions, Offshore financial centers, Statistics Department of the IMF.