Front Matter Page
© 2006 International Monetary Fund
June 2006
IMF Country Report No. 06/243
Paraguay: Report on the Observance of Standards and Codes—Data Module, Response by the Authorities, Detailed Assessments Using the Data Quality Assessment Framework (DQAF)
This Report on the Observance of Standards and Codes on Data Module for Paraguay was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on June 21, 2006. The views expressed in this document are those of the staff team and do not necessarily reflect the views of the government of Paraguay or the Executive Board of the IMF.
The Response by the Authorities on this report and the Detailed Assessments Using the Data Quality Assessment Framework (DQAF) are also included.
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Front Matter Page
INTERNATIONAL MONETARY FUND
PARAGUAY
Report on the Observance of Standards and Codes (ROSC)—Data Module
Prepared by the Statistics Department
Approved by Robert W. Edwards and Mr. Anoop Singh
June 21, 2006
The Report on the Observance of Standards and Codes (ROSC) data module provides an assessment of Paraguay’s macroeconomic statistics against the recommendations of the General Data Dissemination System (GDDS) complemented by an assessment of data quality based on the IMF’s Data Quality Assessment Framework, July 2003 (DQAF). The DQAF lays out internationally accepted practices in statistics, ranging from good governance in data producing agencies to practices specific to datasets.
The datasets covered in this report are national accounts, consumer and producer price indices, and monetary and balance of payments statistics, all compiled by the Central Bank of Paraguay (CBP). The mission also assessed the quality of government finance statistics compiled by the Ministry of Finance (MOF) and the Prerequisites of quality and Assurances of integrity of the Directorate General of Statistics, Surveys, and Censuses (DGSSC). However, the DGSSC does not compile or disseminate macroeconomic statistics assessed in this report.
The datasets to which this report pertains can be accessed in print and on the Internet:
CBP website (http://www.bcp.gov.py)
MOF website (http://www.hacienda.gov.py)
DGSSC website (http://www.dgeec.gov.py)
This report is based on information provided prior to and during a staff mission from January 25–February 8, 2006 and publicly available information. The mission team was headed by Edgar Ayales, and also comprised José María Cartas, Eduardo Valdivia-Velarde, Rita Mesías, and Silvano Spencer (all STA), and Pablo Mandler and Gilda Salvato (external consultants).
Contents
Abbreviations
I. Overall Assessment
II. Assessment by Agency and Dataset
III. Staff’s Recommendations
Tables
1. Data Quality Assessment Framework July 2003—Summary Results
2a. Assessment of Data Quality—Dimensions 0 and 1—Central Bank of Paraguay
2b. Assessment of Data Quality—Dimensions 0 and 1—Ministry of Finance
2c. Assessment of Data Quality—Dimensions 0 and 1—Directorate General of Statistics, Surveys, and Censuses
3a. Assessment of Data Quality—Dimensions 2 to 5—National Accounts
3b. Assessment of Data Quality—Dimensions 2 to 5—Consumer Price Index
3c. Assessment of Data Quality—Dimensions 2 to 5—Producer Price Index
3d. Assessment of Data Quality—Dimensions 2 to 5—Government Finance Statistics
3e. Assessment of Data Quality—Dimensions 2 to 5—Monetary Statistics
3f. Assessment of Data Quality—Dimensions 2 to 5—Balance of Payments Statistics
Appendix
I. Practices Compared to the GDDS Coverage, Periodicity, and Timeliness of Data
Abbreviations
| 1968 SNA |
System of National Accounts 1968 |
| 1993 SNA |
System of National Accounts 1993 |
| BPM5 |
Balance of Payments Statistics Manual, fifth edition |
| CBP |
Central Bank of Paraguay |
| BOP |
Balance of Payments |
| COFOG |
Classification of Functions of Government |
| COICOP |
Classification of Individual Consumption by Purpose |
| CPC |
Central Product Classification |
| CPI |
Consumer Price Index |
| DC |
Depository Corporations |
| DCS |
Depository Corporations Survey |
| DGSSC |
Directorate General of Statistics, Surveys, and Censuses |
| DMD |
Domestic Market Division, CBP |
| DQAF |
Data Quality Assessment Framework, July 2003 |
| DSBB |
Dissemination Standards Bulletin Board |
| GDP |
Gross Domestic Product |
| GDDS |
General Data Dissemination System |
| GFS |
Government Finance Statistics |
| GFSM 1986 |
A Manual on Government Finance Statistics, 1986 |
| GFSM 2001 |
Government Financial Statistics Manual 2001 |
| HBS |
Household Budget Survey |
| HS |
Harmonized System of Commodity Description and Coding |
| IMF |
International Monetary Fund |
| ISIC |
International Standard Industrial Classification |
| ISWGNA |
Inter-Secretariat Working Group on National Accounts |
| ITRS |
International Transactions Reporting System |
| MFSM |
Monetary and Financial Statistics Manual |
| MOF |
Ministry of Finance |
| MSD |
Monetary Studies Division |
| NSDP |
National Summary Data Page |
| NSI |
National Statistics Institute |
| NSS |
National Statistical System |
| ODC |
Other Depository Corporations |
| PPI |
Producer Price Index |
| ROSC |
Report on the Observance of Standards and Codes |
| SDDS |
Special Data Dissemination Standard |
| STA |
IMF Statistics Department |
Front Matter Page
INTERNATIONAL MONETARY FUND
PARAGUAY
Report on the Observance of Standards and Codes (ROSC)—Data Module
Response by the Authorities
June 21, 2006
Contents
I. Introduction
II. Response to the Mission’s Assessment and Recommendations
A. National Accounts Statistics
B. Price Statistics
C. Government Finance Statistics
D. Monetary Statistics
E. Balance of Payments Statistics
III. Action Plan
A. Cross-cutting Actions
B. National Accounts Statistics
C. Consumer Price Index
D. Producer Price Index
E. Government Finance Statistics
F. Monetary Statistics
G. Balance of Payments Statistics
Front Matter Page
INTERNATIONAL MONETARY FUND
PARAGUAY
Detailed Assessments Using the Data Quality Assessment Framework (DQAF)
Prepared by the Statistics Department
Approved by Robert W. Edwards and Anoop Singh
June 21, 2006
This document contains a detailed assessment by dataset of the elements and indicators that underlie the data quality dimensions discussed in Paraguay’s Report on the Observance of Standards and Codes (ROSC)-Data Module. It also includes, as appendices, (i) summaries of the General Data Dissemination System (GDDS) and the Special Data Dissemination Standard (SDDS), (ii) a summary table of Paraguay’s data dissemination practices compared to the SDDS Coverage, Periodicity, and Timeliness of Data, (iii) the DQAF generic framework, and (iv) the results of the users’ survey.
Contents
Abbreviations
I. National Accounts
II. Price Statistics (Consumer Price Index)
III. Price Statistics (Producer Price Index)
IV. Government Finance Statistics
V. Monetary Statistics
VI. Balance of Payments Statistics
Tables
1. Summary of Results for National Accounts
2. Summary of Results for Price Statistics (Consumer Price Index)
3. Summary of Results for Price Statistics (Producer Price Index)
4. Summary of Results for Government Finance Statistics
5. Summary of Results for Monetary Statistics
6. Summary of Results for Balance of Payments
Appendices
I. Summary of the General Data Dissemination System (GDDS)
II. Summary of the Special Data Dissemination Standard (SDDS)
III. Data Quality Assessment Framework—Generic Framework
IV. Users’ Survey
V. Paraguay Comments by Users of Macroeconomic Statistics
Appendix Tables
7. Practices Compared to the SDDS Coverage, Periodicity, and Timeliness of Data
8. Questionnaire Results Analyzed by Type of User
9. Results of Users’ Survey
Abbreviations
| 1968 SNA |
System of National Accounts 1968 |
| 1993 SNA |
System of National Accounts 1993 |
| AD |
Accounting Department |
| AS |
Accounting System |
| BIS |
Bank for International Settlements |
| BLADEX |
Latin-American Export Bank (Banco Latinoamericano de Exportación) |
| BPD |
Borrowing Policy Directorate |
| BPM5 |
Balance of Payments Manual, fifth edition |
| BS |
Bank Superintendence |
| CBP |
Central Bank of Paraguay |
| CEMLA |
Center for Latin American Monetary Studies (Centro de Estudios Monetarios de Latinoamérica) |
| COPACO |
Paraguayan Corporation of Communications (Corporación Paraguaya de Comunicaciones) |
| CPI |
Consumer Price Index |
| CPIS |
Coordinated Portfolio Investment Survey |
| DGSSC |
Directorate General of Statistics, Surveys, and Censuses |
| DMFAS |
Debt Management and Financial Analysis System |
| DOTS |
Direction of Trade Statistics |
| DQAF |
Data Quality Assessment Framework |
| DSBB |
Dissemination Standards Bulletin Board |
| ESSAP |
Sanitary Services Enterprise of Paraguay (Empresa de Servicios Sanitarios de Paraguay) |
| FPD |
Fiscal Policy Department |
| GDDS |
General Data Dissemination System |
| GDP |
Gross Domestic Production |
| GDPA |
General Directorate of Public Accounting |
| GDPCD |
General Directorate of Public Credit and Debt |
| GFS |
Government Finance Statistics |
| GFSM 1986 |
A Manual on Government Finance Statistics, 1986 |
| GFSM 2001 |
Government Financial Statistics Manual 2001 |
| GFSY |
Government Finance Statistics Yearbook |
| IDB |
Inter-American Development Bank |
| IFMS |
Integrated Financial Management System |
| IIP |
International Investment Position (IIP) |
| IMF |
International Monetary Fund |
| INCOOP |
National Institute of Cooperativism (Institución Nacional de Cooperativismo) |
| IOD |
International Operations Department |
| IT |
Information & Technology |
| LIBOR |
London Interbank Offered Rate |
| MERCOSUR |
Southern Common Market (Mercado Común del Sur) |
| MES |
Office of the Manager of Economic Studies |
| MFSM |
Monetary and Financial Statistics Manual |
| MOF |
Ministry of Finance |
| MSD |
Monetary Studies Division |
| NDC |
National Directorate of Customs |
| NPISH |
Nonprofit Institutions Serving Households |
| NSDP |
National Summary Data Page |
| ODCs |
Other Depository Corporations |
| OECD |
Organization for Economic Co-operation and Development |
| PDMD |
Public Debt Management Department |
| PPI |
Producer Price Index |
| ROSC |
Report on the Observance of Standards and Codes |
| SB |
Superintendence of Banks |
| SDDS |
Special Data Dissemination Standard |
| SDR |
Special Drawing Rights |
| SI |
Superintendence of Insurance |
| STA |
Statistics Department, IMF |
| UNCTAD |
United Nations Conference on Trade & Development |
| UNDP |
United Nations Development Program |
| VTR |
Vice ministry of Tax Revenues |