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International Monetary Fund. Asia and Pacific Dept
This Selected Issues paper on Solomon Island discusses big data and high frequency surveillance for Pacific Islands countries (PICs). Big data can be used to fill data gaps for PICs and the IMF can serve as a capacity-building and innovation hub. The estimators computed based on AIS data have been used as part of the surveillance dashboard by the Solomon Islands team and have been discussed with the authorities. Initiatives like the Arslanalp, Koepke, and Verschuur estimation exploit cross-country synergies and technical expertise available at the IMF to provide valuable inputs for both internal and external use. Other potential applications of the Automatic Identification System (AIS) can expand on this effort, for example, some single-country applications are monitoring of fishing vessels to estimate fishing rents from daily vessel schemes, monitoring export-related ships to monitor for piracy/exports misreporting, track tourism in real time, etc. Given the global nature of the AIS data, it can also be used to analyze global supply chains, trade disruptions from natural disasters, the effect of trade policies, etc.
International Monetary Fund. Statistics Dept.
This technical assistance mission collaborated with the National Institute of Statistics and Informatics in Peru to incorporate big data methods into compilation of the consumer price index (CPI). This includes both prices ingested from the websites of large retailers and data recorded through in-store checkout scanners.
International Monetary Fund
This paper discusses key findings of the Report on the Observance of Standards and Codes on Data Module for Pakistan. Based on the review of Pakistan’s statistical practices, recommendations are made that are aimed at strengthening Pakistan’s adherence to the internationally accepted practices, as well as at enhancing the usefulness of its monetary statistics. For the central bank’s survey, it is recommended to revalue the State Bank of Pakistan’s Fund positions and gold assets on a monthly basis at end-month market exchange rates and market gold prices.
International Monetary Fund
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.