Zimbabwe: Technical Assistance Report—Financial Soundness Indicators Statistics Mission

IMF Staff Country Reports, October 19, 2023

Source details

Canonical URL

Zimbabwe: Technical Assistance Report—Financial Soundness Indicators Statistics Mission

Other formats

• Markdown version
• Structured JSON version
• Bundle manifest

Bibliographic details

• Published: October 19, 2023
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9798400253218.002

Mission scope and deliverables

• Purpose: Present summary and recommendations of financial soundness indicators (FSI) statistics mission for Zimbabwe.
• Main outputs:
  • Completion of the new FSI metadata (FSM) and institutional coverage (FSIC) templates for Zimbabwe.
  • Confirmation of availability of quarterly data for compiling FSIs for insurance companies and pension funds.
  • Development of a bridge table to update source data for remaining periods.
  • A detailed action plan to support progress in compilation and dissemination of FSIs in line with the 2019 FSIs Guide.

Key findings

• RBZ staff responsible for compiling FSIs:
  • Have sufficient technical capacity to compile FSIs.
  • Require further training to support implementation of the 2019 FSIs Guide.
• Data coverage and availability:
  • Quarterly data are available for insurance companies and pension funds.
  • The mission confirmed institutional coverage via completed FSIC template.
• Source data updates needed:
  • Update income statements, balance sheet data, and supervisory and memorandum series for the remaining periods using the bridge table developed during the mission.

Recommendations and required actions

• Reporting and metadata submission:
  • RBZ should report the data using the new Financial Soundness Indicators: Standard Reports forms.
  • RBZ should submit metadata and institutional coverage using FSM and FSIC respectively.
  • Deadline: by end September 2023.
• Capacity building:
  • Provide further training to RBZ staff to support implementation of the 2019 FSIs Guide.
• Data updating:
  • RBZ will update the remaining periods on source data as agreed during the mission (income statements, balance sheets, supervisory and memorandum series) using the bridge table.
• Dissemination and compilation support:
  • Implement the detailed action plan prepared by the mission to align compilation and dissemination with the 2019 FSIs Guide.

Content in this bundle

• Section I. Detailed Technical Assessment and Recommendations
  • Section I. Detailed Technical Assessment and Recommendations (Markdown version)
  • Section I. Detailed Technical Assessment and Recommendations (PDF)