Transcript English

Real Sector Division
IMF Statistics Department
EN/CSC2/2014/Pres/13
IMF Capacity Building Program in
National Accounts
Kim Zieschang
Statistics Department
2nd Continental Steering Committee Meeting, April 2-4, 2014
Addis Ababa, Ethiopia
The views expressed are those of the author and should not be attributed to the IMF, its Executive Board, or its
management
Reproductions of this material, or any parts of it, should refer to the IMF Statistics Department as the source.
Real Sector Division
IMF Statistics Department
IMF’s Technical Assistance and Its
Institutional Mission
 Domestic growth as well as national and international
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financial stability through design and implementation of
evidence-based macroeconomic and financial policy
Member countries “own and operate” statistical systems to
provide the evidence for evidence-based economic policy
The highest value statistical information for evidence-based
national and international economic policy accords with
international statistical standards
The System of National Accounts 2008 (2008 SNA) is the
international statistical standard at the top of the economic
data food chain.
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Real Sector Division
IMF Statistics Department
Six 2008 SNA Milestones [1]
 Milestone 1 - GDP by Industry and Expenditure in current prices and in
volumes for the total economy, S1
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Growth analysis
 Milestone 2. Milestone 1 + sequence of accounts through financial
account for Rest of the world sector, S2
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Relations with the rest of the world (BoP) analysis
 Milestone 3. Institutional sector accounts I: production accounts for
each sector and, for General government sector, sequence of accounts
through capital account
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Productivity analysis and fiscal analysis
 Milestone 4. Institutional sector accounts II: sequence of accounts
through capital account for all institutional sectors
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Broadly, milestone 4 is the minimum required macroeconomic data set for the IMF
Financial Programming framework
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Real Sector Division
IMF Statistics Department
Six 2008 SNA Milestones [2]
 Milestone 5. Institutional sector accounts III: Sequence of accounts
through financial account for all sectors
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Growth analysis, BOP analysis, productivity analysis, fiscal, income distribution
analysis and investment - financing analysis
 Milestone 6. Institutional sector accounts IV: Sequence of accounts
through balance sheets for all sectors
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Financing-debt analysis (Flow of funds) and vulnerability analysis (currency
mismatches, maturity mismatches (roll-over of debt), capital structure (equity vs
debt), solvency (assets over liabilities)
Data template for implementing Recommendation 15 of the (G-20) Financial Stability
Board/IMF to the Ministers of Finance and Central Bank Governors of the G-20
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Real Sector Division
IMF Statistics Department
IMF Technical Assistance [1]
 Physical Presence
• Technical Assistance Centers (9)
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Five African Technical Assistance Centers (AFRITACs) covering 44 countries:
Central (Libreville), East (Dar Es Salam), South (Mauritius), West (Abidjan), and
West-2 (Accra).
METAC (Beirut) supports Maghreb and Middle East
PFTAC (Fiji) for Pacific Islands
CAPTAC-DR (Guatemala City) for Central America/Dominican Republic
CARTAC (Barbados) for Caribbean islands
Regional Training Centers (6)
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Joint Partnership for Africa (Tunis)
Africa Training Institute (Mauritius)
Singapore Training Center (Singapore)
Joint China-IMF Training Program (Dalian)
Joint Vienna Institute (Vienna)
IMF-Middle East Center for Economics and Finance (Kuwait)
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Real Sector Division
IMF Statistics Department
IMF Technical Assistance [2]
 Missions
• 219 travel events (272 mission-persons) in economic statistics for African
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countries in FY2014 (May 1, 2013-April 30, 2014); the great majority of
these apply either to the 2008 SNA as a whole or to component
accounts/sectors of the 2008 SNA
Types
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Bilateral technical assistance services
Surveillance support for IMF country teams
Regional Workshops
Data ROSCs
 Cooperation with Development Partners
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Household Survey in Somalia (World Bank, et al)
Enhanced Data Dissemination Initiative for Anglophone Africa (DFID)
Africa Open Data Initiative (African Development Bank)
PARIS21
AFRITAC and topical trust fund steering committees
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Real Sector Division
IMF Statistics Department
Challenges and Opportunities in Africa
 Key issues for national accounts improvement
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Quality, frequency, timeliness of source data
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New demand from central banks for timely, high frequency tracking
indicators for GDP to support monetary policy committees: production
indexes, forward looking indicators; IMF/STA is developing TA services to
meet this demand
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Institutional capacity to sustain source data flows
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Donor resources for statistical capital formation
 Key ingredients to success
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World Bank, AfDB, bilateral such as DFID: human and nonhuman
capital
IMF: human capital
National resources for personnel, other current expense, and
maintaining statistical infrastructure
Coordinated effort
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Real Sector Division
IMF Statistics Department
Coordinated Effort
 IMF and World Bank broadly complementary
• The Fund works primarily in developing the national accounts
integration framework and in data dissemination
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Compiling standard SNA tables using available source data, staff, and
facilities, as well as maintaining dissemination standards and
working with countries to enhance data dissemination (such as our
joint work with AfDB on Open Data in Africa).
The Bank works primarily in developing the source data
essential to the SNA integration framework, including on the
supporting institutional framework comprising staff,
technology, and financial resources.
However, both institutions work in the borders of these two
broad areas, and going forward are working to more closely
coordinate our work with our member countries and with
other development partners, including the African
Development Bank
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