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International Monetary Fund. Statistics Dept.
This technical assistant report on South Africa focuses on monetary and financial statistics (duty station-based) mission. The mission developed bridge tables from the source data of money market funds (MMFs), the Land Bank, and Ithala SOC to 2SR. The mission estimated that reclassifying the MMFs from the Other Financial Corporations to the Other Depository Corporations sector would increase broad money by two to three percent. Once the reclassification takes place, the mission recommended that the Economic Statistics Department prepare a methodological note explaining the impact on monetary aggregates. Some problems were detected with the grouping of accounts as an intermediate step to produce the bridge table. Clustering individual accounts has the risk of misclassifying deposit accounts in overdraft. As already stated, deposit accounts in overdraft should be classified as loans, not netted against the balances of other account holders. In order to support progress in the above work areas, the mission recommended a detailed action plan with the priority recommendations summarized in a table. A period for completing these recommendations was discussed and agreed in principle with the authorities.
International Monetary Fund. Statistics Dept.
At the request of the Central Bank of Uruguay (BCU), and with the support of the International Monetary Fund’s (IMF’s) Western Hemisphere Department (WHD), a monetary and financial statistics (MFS) technical assistance (TA) mission from the IMF’s Statistics Department (STA) visited Montevideo during February 3-14, 2020. The main objectives of the mission were to: (i) review available source data for other financial corporations (OFC); in particular, insurance corporations (IC), pension funds (PF), and credit administration companies (CAC); and (ii) compile standardized monetary statistics for OFC (report form SRF 4SR) in line with the 2016 Monetary and Financial Statistics Manual and Compilation Guide (MFSMCG). The officials met during the mission are listed in Appendix I.