Before preparing a financial program or analyzing developments in a country, sufficient data on the economy’s past and expected performance are necessary. If the basis for the program or analysis is deficient, the program will probably not be well prepared and the objectives will not be achieved. All those data that may have an impact on the preparation of a program are needed. IMF missions are sometimes described as “hungry” for both statistics and data in general, but this hunger is logical, because before giving any advice or taking any decision, the mission must know what is happening in a country. The term “data” is used broadly here, meaning not only statistical information, but also details of pertinent legislation and of rules and regulations connected with the implementation of such legislation.
1.1 The International Monetary Fund (IMF) introduced the Data Standards Initiatives following the 1994–95 international financial crises for the purpose of promoting the transparency of economic and financial data. The Data Standards Initiatives consist of three tiers:
2.1 This chapter elaborates on the data coverage, periodicity, and timeliness requirements for the additional SDDS Plus data category under the real sector. Sectoral balance sheet data for financial assets and liabilities are prescribed for dissemination to enhance understanding of financial linkages across sectors.