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

_IMF Staff Country Reports, June 2, 2021_

## Source details

**Canonical URL:** [Cabo Verde: Technical Assistance Report-Monetary and Financial Statistics Mission](https://www.imf.org/en/publications/cr/issues/2021/06/02/cabo-verde-technical-assistance-report-monetary-and-financial-statistics-mission-50194)

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## Bibliographic details
- Published: June 2, 2021
- Series: IMF Staff Country Reports

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### Mission overview and objectives
- 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.

### Key findings and emphases
- 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).

### Institutional coverage and thematic scope
- 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.

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_Source: https://www.imf.org/en/publications/cr/issues/2021/06/02/cabo-verde-technical-assistance-report-monetary-and-financial-statistics-mission-50194_