International Monetary Fund (various dates & countries), Reports on the Observance of Standards and Codes, http://www.imf.org/external/np/rosc/rosc.asp?sort=date.
Olinto Ramos Roberto, Gonzalo Pastor and Lisbeth Rivas (2008), “Latin America: Highlights from the Implementation of the System of National Accounts 1993 (1993 SNA),” IMF Working Paper, WP/08/239, October, 51 pages.
Annex I: IMF Country Teams’ National Accounts Questionnaire and Replies
Annex II: 1993 SNA Main Methodological Changes from 1968 SNA14
Annex III: Individual Country Analysis
Annex IV. AFW: National Accounts Missions—Program Framework Summary Tasks/Outcomes & Implementation Deadline
This paper incorporates comments from Tsidi Tsikata, colleagues stationed at AFRITAC East, West and Central, and those at the IMF Statistics Department (STA), including Kim Zieschang and Lisbeth Rivas. Thanks are also due to G. Ukpong from the IMF Executive Director Office and Alan Warburton from the Fund’s Office of Technical Assistance Management.
IMF country teams refer to teams from the IMF African department.
Other instruments have included training on statistical issues and single or multi-topic technical assistance missions to IMF member countries.
For all their wealth of detail, the information from data ROSCs should be used with the understanding that these reports are updated at moderate frequency and may not reflect the most current status of statistical development.
Users’ surveys are only included in 6 of the 17 Data ROSCs reports (including updates) written on 13 African countries to date. African countries that have undertaken Data ROSCs include: Botswana, Burkina Faso, The Gambia, Kenya, Mauritius, Mozambique, Namibia, Niger, Senegal, South Africa, Tanzania, Uganda, and Zambia.
AFRISTAT, in cooperation with AFW, is developing a series of indicators and macroeconomic ratios that allow both to assess the reliability and analyze the quality of national accounts data. The related documentation is expected to be presented to AFRISTAT member countries, including AFW member countries, in late 2009.
Areas of action include, among others: launching of economic and population censuses; fielding household income and expenditure budget surveys, updating of business registries; improving survey methods of financial and nonfinancial public corporations; and developing “satellite accounts” for main export sectors.
See Annex II for a summary presentation of main methodological differences between the 1968 SNA and the 1993 SNA.
SDDS was established by the IMF in 1996 for member countries that have or might seek access to international capital markets, to guide them in providing their economic and financial data to the public. SDDS requires the development of a national summary data webpage, an advanced/early data release calendar, and the production of high-frequency data for 18 major macroeconomic time series, including quarterly national accounts.
The need to address data dissemination issues is in line with recent views shared by technical assistance providers in national accounts working in the region (mainly: AFW, AFRISTAT and the INSEE-France). According to AFW staff, this data quality aspect is being stressed in recent and prospective technical assistance missions, although it is recognized that this is a sometimes difficult step for managements of statistical offices to take, since it can expose their organizations to public criticism of the quality of the data they are releasing, and of the quality of management of the office. On the other hand, laying out the data along with its weaknesses through the web can be an effective first step toward attracting national and international resources to under-resourced data producing institutions.
Guinea recently updated its national accounts base year to 2003. However, the information received from the IMF country team suggests that incidence of data inconsistencies, notwithstanding reported improvements in national accounts’ data sources and methodology.