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The Statistics Work of the IMF and Activities in the Asia-Pacific Region: 

The Statistics Work of the IMF and Activities in the Asia-Pacific Region Sixth Management Seminar for Heads of the National Statistical Offices in Asia and the Pacific Hong Kong, China, May 28-30, 2007 Chee Sung Lee Assistant Director IMF Regional Office for Asia and the Pacific Tokyo, Japan

Overview: 

Overview Recent Work of the IMF Activities in the Asia-Pacific Region

IMF Work : Main Themes: 

IMF Work : Main Themes Focus on major macroeconomic and financial sector statistics Outputs data collection and dissemination statistical methodologies data module ROSC assessments data dissemination standards technical assistance/training Alignment with the IMF Medium-Term Strategy

IMF Work: Outputs: 

IMF Work: Outputs Data Collection and Dissemination International Financial Statistics Direction of Trade Statistics Balance of Payments Statistics Yearbook Government Finance Statistics Yearbook Currency Composition of Foreign Exchange Reserves Integrated Monetary Database Joint External Debt Hub Coordinated Portfolio Investment Survey (CPIS)

IMF Work: Outputs: 

IMF Work: Outputs Statistical Methodologies, custodian for: balance of payments and international investment position international reserves government finance statistics monetary and financial statistics financial soundness indicators

IMF Work: Outputs: 

IMF Work: Outputs Statistical Methodologies, joint custodian of international statistical standards for: system of national accounts consumer, producer, and export/import price indices external debt statistics

IMF Work: Outputs: 

IMF Work: Outputs ROSC assessments Covers data module Review of Standards and Codes and Data Dissemination Standards (SDDS and GDDS) Apply the IMF’s - Data Quality Assessment Framework (DQAF).

IMF Work: Outputs: 

IMF Work: Outputs ROSC assessments ♦ Covers data quality assessments of: national accounts consumer and producer prices government finance statistics balance of payments monetary statistics ♦ ROSC important diagnostic tool for follow up IMF technical assistance

IMF Work: Outputs: 

IMF Work: Outputs ROSC assessments ♦ 105 Statistical ROSCs have been published, of which 19 are updates or reassessments ♦ 11 economies in Asia-Pacific have participated: Australia, Bangladesh, Hong Kong, India, Indonesia, Japan, Korea, Mongolia, Philippines, Sri Lanka, Thailand

IMF Work: Outputs: 

IMF Work: Outputs Data Dissemination Standards Special Data Dissemination Standard (SDDS), March 1996 - guide for access to international capital markets General Data Dissemination System (GDDS), December 1997 - guide for development of national statistical systems

IMF Work: Outputs: 

IMF Work: Outputs Participation in data dissemination standards as of March 2007: SDDS1 GDDS2 NEITHER3 AFR 1 39 4 APD 10 12 12 EUR 35 3 8 MCD 6 14 12 WHD 12 20 2 TOTAL:4 64 88 385 1 Includes Hong Kong; 2 Includes West Bank and Gaza; 3 Aruba, Kosovo, and the Netherlands Antilles are eligible to become SDDS/GDDS members; 4 The total of 191 exceeds the Fund membership by five, see footnotes 1-3 above; 5 We expect about 25 of these countries to participate in either SDDS or GDDS over the next five years

IMF Work: Outputs: 

IMF Work: Outputs Technical assistance around nine topics: multisector statistics balance of payments, international investment position, and external debt statistics government finance statistics prices and other real sector statistics national accounts statistics monetary and financial statistics, financial soundness indicators institutional and management assistance development and improvement of GDDS metadata SDDS subscription

IMF Work: Medium-Term Strategy: 

IMF Work: Medium-Term Strategy Surveillance: work on CPIS, plans to launch coordinated direct investment survey (CDIS), external/domestic debt data, international liquidity information; Low income countries: increased focus on improvements under GDDS; Efficiency and streamlining: information management, data warehousing; Governance: Quota – conceptual and measurement issues

Regional Activities : Main Themes: 

Regional Activities : Main Themes Work on data standards Technical assistance and training

Regional Activities : Data standards: 

Regional Activities : Data standards Participants in: SDDS GDDS Australia Bangladesh Hong Kong, China Brunei India Cambodia Indonesia China Japan Fiji Korea Kiribati Malaysia Nepal Philippines Sri Lanka Singapore Tonga Thailand Vanuatu Vietnam

Regional Activities : Data standards: 

Regional Activities : Data standards SDDS work to focus on emerging markets and regionally or systematically important countries; GDDS to SDDS – China, Vietnam Encourage New Zealand to subscribe ROSC for Singapore, Malaysia

Regional Activities : Data standards: 

Regional Activities : Data standards GDDS work to encourage PRGF-eligible countries to participate: Includes Bhutan, Lao PDR, Papua New Guinea; PFTAC to direct efforts for Pacific island countries.

Regional Activities : TA & Training: 

Regional Activities : TA & Training

Regional Activities : TA & Training: 

Regional Activities : TA & Training Considerable assistance still needed in: System of National Accounts-data frequency; Government finance statistics-poor coverage; Balance of payments data-poor coverage; International investment data-slow progress. Closer coordination with SIAP, ADB and bilateral NSOs-cofunding training

Regional Activities : TA & Training: 

Regional Activities : TA & Training System of National Accounts Priority to production of source data; Then producer prices and SNA deflators; Targeting China, India, Indonesia, Malaysia.

Regional Activities : TA & Training: 

Regional Activities : TA & Training Government finance statistics Extend to consolidated general government, nonfinancial public sector, targeting China, Vietnam, Philippines; For advance countries move to GFSM2001.

Regional Activities : TA & Training: 

Regional Activities : TA & Training Balance of payments data: Quarterly BOP data-PNG; Help in international investment data-PNG, Brunei, Vietnam; Broaden participation in coordinated portfolio investment survey (CPIS); Promote coordinated direct investment survey (CDIS).

Challenges: 

Challenges Resource and capacity constraints. Continuing need for statistical information to monitor effective implementation and achievement of objectives. The diversity of information needs requires balancing priorities and sequencing

Thank you: 

Thank you CONTACT INFORMATION Chee Sung Lee Assistant Director, Regional Office for Asia and the Pacific, International Monetary Fund, Tokyo, Japan E-mail: clee2@imf.org Telephone: 81 3 3597 6730