International Monetary Fund. External Relations Dept.
In a news brief, the IMF announced that as of June 29, 2000, 41 of the 47 subscribers to the Special Data Dissemination Standard (SDDS) are publishing data on international reserves and foreign currency liquidity according to an internationally agreed template. The information, which is available on the websites of the countries’ central banks or finance ministries, provides comprehensive and timely data on these subscribers’ international reserves and related obligations. In addition, one country that does not subscribe to the SDDS also publishes data according to the template. The countries’ sites are hyperlinked to the IMF’s Dissemination Standards Bulletin Board (DSBB), which is accessible to the public on the IMF’s external website at http://dsbb.imf.org.
This Report on the Observance of Standards and Codes data module provides a review of Senegal’s data dissemination practices against the IMF’s General Data Dissemination System, complemented by an in-depth assessment of the quality of the national accounts, consumer price index, government finance, monetary balance of payments, and income poverty statistics. The assessment reveals that Senegal generally follows the recommendations of this system for the coverage, periodicity, and timeliness of all data categories. Overall, the institutional environment of the data-producing agencies supports statistical quality.
This paper analyzes the effectiveness of technical assistance provided by AFRITAC West (AFW) in the area of national accounts using the Fund's Technical Assistance Information Management System (TAIMS). The challenge has been to report on "ultimate outcomes" (i.e., the production and dissemination of national accounts statistics along best international practices) rather than on "inputs" (i.e., the number of national accounts missions fielded by AFW), as it has been the case to date. The paper concludes that the "ultimate outcome" of producing and disseminating robust national accounts is work in progress, with AFW's technical assistance efforts mainly focusing on source data assessments and methodological issues underpinning the compilation of national accounts. The pending challenge is to further support a more timely production and dissemination of national accounts data, as recommended in the Data ROSCs and by the IMF mission teams to AFW member countries.