Abstract
The Report on the Observance of Standards and Codes (ROSC) Data Module provides an assessment of Bolivia’s macroeconomic statistics against the recommendations of the General Data Dissemination System (GDDS). The report reveals that the quality of Bolivia’s macroeconomic statistics has improved over recent years. The statistics have been broadly adequate for macroeconomic analysis and policy design and monitoring. The authorities have demonstrated a commitment to pursue plans and programs to further improve their statistics.
I. Introduction
1. We appreciate the opportunity to provide comments on the ROSC data module. We collaborated closely with the data module ROSC mission and agree with the thrust of the mission's recommendations. Below are comments from the Central Bank of Bolivia (CBB), the Ministry of Finance (MOF), and the National Statistical Institute (NSI) on the five datasets assessed during the mission.
II. Response to the Mission’s Assessment and Recommendations
A. National Accounts Statistics
2. Section B in Part III of this document presents a detailed action plan to adopt the recommendations of the ROSC mission in the area of national accounts.
B. Price Statistics
3. Sections C and D in Part III of this document present a detailed action plan to adopt the recommendations of the ROSC mission in the area of price statistics.
C. Government Finance Statistics
4. The ROSC document was reviewed by the Fiscal Programming Unit (UPF) of the Ministry of Finance (MOF), which focused on the detailed assessment using the DQAF. Comments and responses to the mission’s recommendations are summarized below.
Indicator 0.1.1 1
Mission’s recommendation
Improve coordination between the two units of the MOF that share the responsibility of GFS compilation, to achieve comprehensive collection, compilation, and dissemination of GFS.
Comment
The UPF has as an institutional mission the design and follow-up of the fiscal program, providing the authorities with reliable and timely data for decision making. Additionally, the UPF provides the general public with fiscal statistics compiled on the basis of cash-flows of the agencies under its aegis. On the other hand, the Accountant General of the Republic is responsible for the production of the financial statements of the public sector, receiving the balance sheets of the public agencies three months after the end of the fiscal year. Additionally, we are in the process of coordinating between several units within the MOF and other agencies, with a view to implementing the GFSM 2001 and the Public Expenditure and Financial Accountability methodology.
Indicator 0.3.1
Mission’s recommendation
Make more systematic efforts to identify new and emerging data requirements and undertake surveys to obtain feedback about the relevance and practical utility of fiscal data.
Comment
The UPF is in constant contact with users of GFS, which transmit—either verbally or in writing—to the UPF their requirements and comments. These comments are taken into account when producing information for the general public.
Indicator 1.2.2
Mission’s statement
No official agency outside of the MOF has access to data prior to publication. Procedures for authorizing dissemination of GFS, deemed to be internal, are made public only in a limited manner. The minister or vice-minister of the MOF authorizes the release of GFS.
Comment
The UPF disagrees with this statement. The process of compiling GFS finalizes with their submission to the Minister of Finance and their immediate dissemination to the general public.
Indicator 1.2.3
Mission’s recommendation
Clearly identify data sources and the entity in charge of data compilation in all statistical products.
Comment
This recommendation will be taken into account in the upcoming issues of the Dossier Estadístico and the Boletín de Recursos HIPC II, as well as on the MOF webpage.
Indicator 1.2.4
Mission’s recommendation
Provide advance notice of all methodological and other relevant changes that materially affect the GFS.
Comment
The revisions will be detailed in footnotes to the published tables in the upcoming issues of the Dossier Estadístico and the Boletín de Recursos HIPC II, as well as on the MOF webpage.
Indicator 2.2.1
Mission’s recommendation
Expand the scope of institutions and transactions in the GFS to include comprehensive and detailed data of the operations of some decentralized agencies and local governments, and make special efforts to compile debt data of local governments.
Comment
We want to stress that the current coverage encompasses the transactions of the financial accounts of all municipalities. Those beyond the coverage of the UPF are estimated on the basis of the monthly transactions of their financial accounts. We are also in the process of including cash flows of provincial municipalities, although their geographical location hinders this task. Furthermore, we process debt data of the largest municipalities and have created a Performance Program to capture data of local governments.
Indicator 2.3.1
Mission’s statement
Contrary to recommendations in the manuals, the GFS compiled by the UPF have the following shortcomings: (1) statistics on the consolidated central government are not prepared; and (2) statistics on the social security sector do not include detailed data of the Corporation of Military Social Insurance.
Comment
The Ministry of Finance, within the framework of harmonization of the GFS of the region, is considering adopting definitions consistent with GFS manuals.
Mission’s recommendation
Reclassify royalties as other revenue item; commissions for interest as goods and services item; tax refunds as a revenue item; social assistance benefits as transfers to households; repayments as an expense item and present a net item, lending minus repayments; and payments for pensions as compensation of employee item.
Reclassify as other capital revenue two categories wrongly classified as current revenue, “other capital revenue” and the part corresponding to capital revenue in “other revenues”.
Collect and compile disaggregated data for some items included in expenses, such as “universities” and “others”, to obtain an adequate economic classification.
Classify tax revenues, financing, and debt by instrument, holder and maturity following the recommendations of the GFS manuals.
Comment
We are evaluating to introduce changes in the data presentation, according to the mission’s recommendations.
Indicator 2.4.3
Mission’s recommendation
Include tax refunds in the taxes, netting from the corresponding tax, if possible; while lending minus repayment should be included as an expenditure category (when using the GFSM 1986 methodology).
Comment
We are evaluating to introduce changes in the data presentation, according to the mission’s recommendations.
Indicator 3.1.1
Mission’s statement
The main data sources for the first stage are diverse; they include administrative systems for monitoring the budget execution and accounting. These systems are: the SIGMA, the SINCON, and some integrated systems of public units. In addition to these systems, the UPF has developed a system to collect timely data that are not available through the systems previously mentioned. Among these systems, there are no interfaces to reconcile data and guarantee consistency. Also, since these systems are not integrated, a duplication of collection and compilation efforts has emerged.
Comment
The integrated systems SIGMA and SINCON are not used by all agencies of the nonfinancial public sector. Furthermore, these systems very often do not have updated information. When such contingencies occur, the UPF used the Monthly Flow Registry to process the cash flow—mainly in municipalities and some other agencies—as a versatile and timely system that allows to have available cash based data, which is reconciled with bank statements of each agency, and therefore is highly reliable.
Indicator 5.1.1
Mission’s statement
Although the disseminated GFS permit identification and comparison of major aggregates of flows, there is room for improvement. For example, data sources and units in charge of data production should be noted; titles of the tables should be harmonized and revised; texts with analysis of the data published could be included; several acronyms should be spelled out or a list of acronyms should be included at the beginning of the publications; and stock data, such as domestic and external debt by sector, should be included.
Comment
Our comment on indicator 1.2.3 already tackled the issue of data sources. With respect to other recommendations, they are being considered for the next issue of Dossier Estadístico, Vol. IX, the Boletín de Recursos HIPC II, and the MOF webpage.
Indicator 5.1.3
Mission’s recommendation
Post the preannounced calendar for dissemination of GFS on the MOF website.
Comment
The advance release calendar for the fiscal year 2007 has already been posted on the UPF website.
Indicator 5.3.1
Mission’s statement
Material to raise awareness on the use of statistics is available, but assistance to users is not monitored.
Comment
Assistance to users is provided, either personally or via electronic mail, and it is monitored and assessed by the relevant staff.
D. Monetary Statistics
5. The ROSC document was reviewed by the Monetary and Fiscal Sector Deputy Management Office (SSMF) of the Central Bank of Bolivia, which focused on the detailed assessment using the DQAF. Comments and responses to the mission’s recommendations are summarized below.
Indicator 0.2.1
Mission’s recommendation
Revise the internal CBB policy on access to the Internet and use of telephone for external calls.
Comment
Unlimited internet access has already been authorized to compilers of monetary statistics. The remainder of the logistical support is in the process of being implemented.
Indicator 0.3.1
Mission’s statement
The CBB does not have a policy of periodically consulting users of monetary statistic about their needs.
Comment
The CBB has posted on its website, and will include in its hardcopy publications, a form to request comments and suggestions on the statistics it publishes.
Indicator 1.2.2
Mission’s statement
The latest monetary data, together with other macroeconomic data, are provided regularly to the Macroeconomic Group, an economic policy analysis committee. Depending on the scheduled release calendar, the Macroeconomic Group may or may not have access to the statistics prior to its public dissemination. However, this earlier access does not interfere with the scheduled release of the data. On its website, the CBB acknowledges this possibility of selected access prior to release.
Comment
The data available to the Macroeconomic Group prior to its publication are tables for the Monetary and Financial Program, which are used for economic policy decision making. This Group does not discuss nor review the monetary and financial statistics to be published by the CBB.
This information is produced according to a methodology agreed in a Memorandum of Understanding signed between the Ministry of Finance and the CBB. The basic information shows the performance compliance of certain monetary and fiscal variables (for instance, fiscal deficit, internal and external financing, net domestic credit to the nonfinancial public sector, net domestic credit, international reserves). These variables are subjected to some adjustments agreed to monitor the compliance of monetary and fiscal targets, and furthermore are presented to the Macroeconomic Group using a fixed exchange rate for the U.S. dollar, the SDR, and the Housing Promotion Unit (UFV); a methodology that differs from the one used when constructing the monetary tables disseminated to the public. The CBB Annual Memory and the bi-annual Monetary Policy Report contain some marginal references to these variables.
In summary, neither in the content of the information submitted to the Macroeconomic Group, nor in its spirit, one can say that there is a clear and direct relationship with the figures published by the CBB, or that these figures could be used to derive nonpublished data. We must also stress that the meetings of the Macroeconomic Group do not deal with the quality of the data provided by the CBB.
In this sense, there is no previous knowledge by the authorities of the content of upcoming publications of the CBB, nor any influence on them by the Macroeconomic Group, because the monetary and financial statistics disseminated on a weekly basis are not provided to the Macroeconomic Group. Furthermore, the data provided to the Macroeconomic Group is a small fraction of the information available on the CBB website and its hardcopy publications. Therefore, we dismiss the possibility that there is earlier governmental access to monetary and financial statistics, or any influence on them.
Indicator 1.2.4
Mission’s recommendation
Give advance notice to the users of the upcoming expansion of the coverage of the ODC survey, the compilation of an OFC survey, and any other major methodological revision.
Comment
Immediately, any change in methodology, source data, or statistical techniques will be previously informed on the CBB webpage.
Indicator 2.2.1
Mission’s recommendation
Expand the coverage of the ODC survey, to include the accounts of the SAFIs.
Comment
Action already taken to expand the coverage of the ODC survey. It is foreseen that the September 2007 issue of the monthly bulletin will include the accounts of the SAFIs in the ODC survey.
Mission’s recommendation
Start compiling a monthly OFC survey, with data from pension funds, insurance corporations, and the one state-owned financial corporation, Development Productive Bank. To automate the process, the Systems Management Office developed a computing routine to aggregate the data of the two pension funds.
Comment
The SSMF has already a program that permits the compilation of the pension funds data in the format requested by the mission, and the September 2007 issue of the monthly bulletin will include information on pension funds. For the accounts of insurance corporations, the Systems Management Office of the CBB developed a program to permit the data consolidation. However, the Superintendency of Pensions, Securities, and Insurances is facing staff shortages, which hamper the electronic transfer to the CBB of data from 2002 onwards.
Indicator 2.3.1
Mission’s statement
Accounts of the SAFIs are classified as Other Financial Corporations rather than as Other Depository Corporations.
Comment
On October 24, 2006, the CBB asked the Superintendency of Banks and Financial Entities to create sector A39 Investment Fund Management Societies, separating them from A38 Other Financial Corporations. This new classification was implemented starting with the report of January 2007. Regarding the inclusion of the SAFIs in the ODC sector, its implementation is taking place in two stages. The first one requires the manual uploading of the data for the years 2002 to 2006. For the second stage (year 2007 onwards), the module with the new chart of accounts has already been prepared and we are discussing with the Superintendency of Pensions, Securities, and Insurances the electronic transmission of data according to the new chart of accounts.
Mission’s statement
There is not a breakdown between other nonfinancial corporations and other resident sectors.
Comment
On October 24, 2006, the CBB asked the Superintendency of Banks and Financial Entities to split account A50 Private nonfinancial sector into A51 Other nonfinancial corporations and A52 Other resident sectors, classification that has been implemented starting with the reporting for January 2007.
Mission’s recommendation
In collaboration with the SBFE, undertake efforts to eliminate the detected mistakes in the sectorization of the accounts of ODCs.
Comment
On February 26, 2007, the SSMF provided the Superintendency of Banks and Financial Entities with a detailed report of all the misclassifications detected in the data reported by ODCs. The Superintendency took the corresponding actions. On April 18, 2007 a new review was undertaken with the data reported for March 2007. The whole entities show too much interest to report their information with better quality.
Indicator 3.2.1
Mission’s recommendation
Develop a routine that automatically flags significant changes in the balances of selected accounts, or balances that do not correspond with the expected values.
Comment
Under consideration. The routine could be generated by a database currently under construction.
Indicator 4.3.3
Mission’s statement
Studies and analyses of revisions are not made public.
Comment
The September 2007 issue of the monthly bulletin will include a methodological annex of all published tables. Such annex is being currently developed and will allow implementing this recommendation. Likewise, this recommendation will be fully adopted when the plans described in item 1.2.4 are implemented.
Indicator 5.1.4
Mission’s statement
Monetary data may be made available to the Macroeconomic Group prior to their public dissemination, but this early access does not interfere with the scheduled release calendar.
Comment
This statement is not pertinent. For the authorities' response, see item 1.2.2. Therefore, the rating of indicator 5.1 should be upgraded from LO to O.
E. Balance of Payments Statistics
6. The ROSC document was reviewed by the External Sector Deputy Management Office (SSE) of the Central Bank of Bolivia, which focused on the detailed assessment using the DQAF. Comments and responses to the mission’s recommendations are summarized below.
Indicator 0.1.1
Comment
The report should include a reference to Article 20 of the CBB law, which constitutes the legal framework backing the data requirements to the private sector for balance of payments statistics mentioned in indicator 0.1.4.
Indicator 0.3.1
Mission’s statement
Establish regular procedures to obtain user’s feedback on the relevance of BOP statistics and emerging data needs (preferably through users’ surveys).
Comment
The BCB has already established this procedures. For example, there exists a questionnaire on the subject in the CBB’s website.
Indicator 1.2.2
The Macroeconomic Group that meets periodically to monitor the macroeconomic and financial developments receives the latest available monetary and financial information that may or may not have been published on the CBB website. This practice may generate in some cases internal government access prior to their dissemination to the public, but with no interference with their pre-scheduled public dissemination. This practice is publicly identified in the CBB metadata posted on the CBB website.
Comment
Any reference to earlier government access to macroeconomic statistics should be deleted, because this is not the case for balance of payments.
Indicator 2.2.1
Mission’s recommendation
Assess the extent to which nonresident’s deposit could be identified from total bank deposits in SBFE data.
Comment
This recommendation should be implemented in coordination with the SSMF
Indicator 2.3.1
Mission’s recommendation
Align the classification of transactions in services and transfers, and the sectorization of institutional units with the BPM5 guidelines.
Comment
The alignment of the sectorization of institutional units with the BPM5 corresponds only to external debt transactions in the balance of payments and the international investment position.
Mission’s recommendation
Review the external debt relief data recording in line with the BPM5, including the recording of debt forgiveness in the capital account.
Comment
This recommendation is superfluous because the debt relief is recorded in the balance of payments as a capital transfer, with a corresponding contra-entry in the financial account. This can be verified in the following publications: (1) Balance of Payments and International Investment Position Report, January–December 2006, page 7; and (2) Monthly Bulletin, N° 145, January 2007, Table 24. Both publications are available on the CBB website and show on an aggregated basis the debt relief under the MDRI: World Bank (US$ 1,511.3 million) and IMF (US$ 232.5 million); and under the HIPC: Japan (US$ 63 million); for a total of US$ 1,806.8 million.
Mission’s recommendation
Align the classification and coverage of the reserves template to the IMF guidelines.
Comment
Some of the recommendations regarding the reserves template have been already implemented by the CBB during the data ROSC mission. Guidance on the recording of capital contributions to the FLAR in the reserves template was provided after the mission in a letter from the STA’s Balance of Payments and External Debt Division II to the CBB’s SEE on March 5, 2007.
Mission’s recommendation
Exclude the RAL Fund (US$ 489.9 million) from Section I. B Other foreign currency assets and from Section III 1.B Other contingent liabilities.
Comment
This issue was already solved during the stay of the mission. This can be verified in Table 30 (International Reserves and Foreign Currency Liquidity Template) of the monthly bulletin (N° 135, January 2007), posted on the CBB website.
Mission’s recommendation
Include all short-term foreign-currency deposits of the financial sector with the CBB as predetermined short-term net drains on foreign currency assets in Section II.1 Outflows.
Comment
The recommendation is currently not applicable. Short-term foreign currency deposits of the financial sector with the CBB constitute part of the legal reserve requirements.
Mission’s recommendation
Exclude from Section II.3 Other trade credit (+) the positive balances with ALADI’s Agreement of Reciprocal Payments and Credit to avoid double counting with Section I.A.5.
Comment
This issue was already solved during the stay of the mission. This can be verified in Table 30 (International Reserves and Foreign Currency Liquidity Template) of the monthly bulletin (N° 135, January 2007), posted on the CBB website.
Mission’s recommendation
When applicable, include the negative balances with ALADI’s Agreement of Reciprocal Payments and Credit as predetermined short-term net drains on foreign currency assets in Section II.3 Other trade credit (-)
Comment
This issue was already solved during the stay of the mission. This can be verified in Table 30 (International Reserves and Foreign Currency Liquidity Template) of the monthly bulletin (N° 135, January 2007), posted on the CBB website.
Mission’s recommendation
When applicable, include in Section IV. 1 b) [of the Reserves Template] short-term domestic-currency debt indexed to foreign exchange rates and short-term financial instruments denominated in foreign currency but settled in domestic currency.
Comment
The recommendation is currently not applicable. At present, there are no securities indexed to the U.S. dollar (value maintenance) in circulation. If in the future operations in this kind of instrument take place, they will be included in the Reserves Template.
Mission’s recommendation
The currency composition of official reserve assets disclosed in Section IV.2 a), according to those currencies in the SDR basket and those not in the SDR basket, should match the amounts reported in Section I.A.
Comment
This issue was already solved during the stay of the mission. This can be verified in Table 30 (International Reserves and Foreign Currency Liquidity Template) of the monthly bulletin (N° 135, January 2007), posted on the CBB website.
Mission’s recommendation
Official reserve assets in gold should be reclassified from assets in currency not in the SDR basket to assets in currencies in the SDR basket within Section IV.2 a).
Comment
This issue was already solved during the stay of the mission. This can be verified in Table 30 (International Reserves and Foreign Currency Liquidity Template) of the monthly bulletin (N° 135, January 2007), posted on the CBB website.
Indicator 3.1.3
Mission’s recommendation
Employ more rigorous procedures to ensure the timely receipt of respondents’ data.
Comment
This recommendation should refer only to service, remittances, and foreign private capital.
Indicator 3.3.1
Mission’s recommendation
Review statistical techniques to adjust data for missing observations.
Comment
This recommendation should refer only to service, remittances, and foreign private capital.
Indicator 4.2.3
Mission’s recommendation
Prepare and disseminate a table on quarterly reserve assets reconciliation between monetary and BOP statistics.
Comment
This recommendation should be done in coordination with SSMF.
III. Action Plan
7. Based on the ROSC’s recommendations, and in collaboration with the mission, we have designed an action plan to further increase the analytical usefulness of Bolivia’s statistics. This plan will be very useful to guide the future work in the national compiling agencies and also to guide the work of international organizations and donors in the statistics field. In particular, we count with the support of the IMF—among other international organizations and donor countries—to carry out the proposed actions.
8. A detailed action plan is presented in the attached tables, which include cross-cutting actions as well as measures specific to each data set. It should be noted that not all actions included in this plan have the same importance or priority, and that at times they are conditional upon the reassignment of resources, funding, training, or technical assistance.
A. Cross-cutting Actions
| High Priority Actions |
|
| Other Key Actions |
|
| High Priority Actions |
|
| Other Key Actions |
|
B. National Accounts Statistics
| DQAF Code | Planned Actions | Timing |
|---|---|---|
| Prerequisite of Quality | ||
| 0.1.1 | • Give high priority to the approval of the new Statistical Law. | Short term |
| 0.1.2 | • Take actions to improve data sharing and coordination relations with the CBB and the MOF. | Short term |
| 0.2.1 | • Provide the resources required to establish an adequate data collection program for national accounts. | Short term |
| 0.3.1 | • Establish a mechanism to contact users and identify their opinion on the usefulness of the national accounts and their new and emerging data requirements. | Medium term |
| Methodological Soundness | ||
| 2.2.1 | • Give high priority to the ongoing project to update the national accounts’ reference year and implement the 1993SNA, and bring forward the targeted completion date. | Short term |
| 2.2.1 | • Apply COFOG to classify the government’s expenses. | Medium term |
| Accuracy and Reliability | ||
| 3.1.1 | • Update the establishment /enterprise directory. | Short term |
| 3.1.1 | • Formulate a program of economic annual and quarterly surveys, to support the regular compilation of national accounts. | Short term |
| 3.1.1 | • Improve the quality of volume and price indices for manufacturing activities. | Short term |
| 3.1.2 | • Uniform the use of ISIC rev.3 by different source data applying an economic activity classification. | Short term |
| 3.2.1 | • On the basis of updated establishments/ enterprises directories apply scientific sampling methods in establishments/enterprises surveys. | Medium term |
| 3.3.1 | • Assess the possibility of using the households survey, and other sources, whereas available, to estimate the participation of the informal sector, and changes through time, in employment and income generation. | Short term |
| 3.3.2 | • Define fixed cells in the S&U table where available data permits. | Short term |
| 3.3.2 | • Apply the recommended 1993SNA treatment of pension funds. | Short term |
| 3.3.2 | • Apply a better method to estimate FISIM at constant prices. | Short term |
| 3.5.1 | • Carry out routinely studies of revisions. | Short term |
| Serviceability | ||
| 4.2.3 | • Prepare and disseminate bridge table, showing how to reconcile the national accounts with BOP and GFS figures. | Short term |
| 4.3.1 | • Disseminate a schedule for the revision cycle of the national accounts and explain reasons for its adoption. | Short term |
| 4.3.2 | • Identify revised data in the publications and explain the reasons for revisions. | Short term |
| Accessibility | ||
| 5.1.4 | • Inform the public on the access of the government to data, prior to their dissemination to the public. | Short term |
| 5.1.5 | • Make the public aware on the availability of additional statistics, and of the procedures for obtaining them. | Short term |
| DQAF Code | Planned Actions | Timing |
|---|---|---|
| Prerequisite of Quality | ||
| 0.1.1 | • Give high priority to the approval of the new Statistical Law. | Short term |
| 0.1.2 | • Take actions to improve data sharing and coordination relations with the CBB and the MOF. | Short term |
| 0.2.1 | • Provide the resources required to establish an adequate data collection program for national accounts. | Short term |
| 0.3.1 | • Establish a mechanism to contact users and identify their opinion on the usefulness of the national accounts and their new and emerging data requirements. | Medium term |
| Methodological Soundness | ||
| 2.2.1 | • Give high priority to the ongoing project to update the national accounts’ reference year and implement the 1993SNA, and bring forward the targeted completion date. | Short term |
| 2.2.1 | • Apply COFOG to classify the government’s expenses. | Medium term |
| Accuracy and Reliability | ||
| 3.1.1 | • Update the establishment /enterprise directory. | Short term |
| 3.1.1 | • Formulate a program of economic annual and quarterly surveys, to support the regular compilation of national accounts. | Short term |
| 3.1.1 | • Improve the quality of volume and price indices for manufacturing activities. | Short term |
| 3.1.2 | • Uniform the use of ISIC rev.3 by different source data applying an economic activity classification. | Short term |
| 3.2.1 | • On the basis of updated establishments/ enterprises directories apply scientific sampling methods in establishments/enterprises surveys. | Medium term |
| 3.3.1 | • Assess the possibility of using the households survey, and other sources, whereas available, to estimate the participation of the informal sector, and changes through time, in employment and income generation. | Short term |
| 3.3.2 | • Define fixed cells in the S&U table where available data permits. | Short term |
| 3.3.2 | • Apply the recommended 1993SNA treatment of pension funds. | Short term |
| 3.3.2 | • Apply a better method to estimate FISIM at constant prices. | Short term |
| 3.5.1 | • Carry out routinely studies of revisions. | Short term |
| Serviceability | ||
| 4.2.3 | • Prepare and disseminate bridge table, showing how to reconcile the national accounts with BOP and GFS figures. | Short term |
| 4.3.1 | • Disseminate a schedule for the revision cycle of the national accounts and explain reasons for its adoption. | Short term |
| 4.3.2 | • Identify revised data in the publications and explain the reasons for revisions. | Short term |
| Accessibility | ||
| 5.1.4 | • Inform the public on the access of the government to data, prior to their dissemination to the public. | Short term |
| 5.1.5 | • Make the public aware on the availability of additional statistics, and of the procedures for obtaining them. | Short term |
C. Consumer Price Index
| DQAF Code | Planned Actions | Timing |
|---|---|---|
| Prerequisite of Quality | ||
| 0.2.1 | • Financing will be needed to improve the quality of the CPI. | Short term |
| 0.3.1 | • Establish regular mechanisms to consult data users to monitor the relevance of the statistics and to identify their information needs. | Short term |
| 0.4.2 | • Prepare monthly reports to inform management of the quality of surveys’ data (surveys’ response rate, coverage, response errors, etc.). | Short term |
| Methodological Soundness | ||
| 2.1.1 | • Adopt the recommendations of the 1993 SNA and CPI Manual 2004. | Short term |
| 2.3.1 |
| Short term |
| Accuracy and Reliability | ||
| 3.2.1 | • Improvement the efficiency of sampling techniques trough asses CPI data source to prices surveys. | Short term |
| 3.2.1 | • Asses CPI data source and calculate response rate, coverage, response errors, etc. | Short term |
| 3.3.1 | • Employ better statistical techniques to improve treatment of seasonal products, missing items, quality changes, and introduction of new products. | Short term |
| 3.3.2 |
| Short term |
| 3.5.1 | • Update of the new basket of the index, and conduction of studies about the difference between the both new and old CPI. | Short term |
| Serviceability | ||
| 4.3.3 | • Document of the comparative studies between the new and the old CPI. | Short term |
| Accessibility | ||
| 5.1.3. | • Disseminate a preannounced schedule with the dates the statistics are to be released. | Short term |
| DQAF Code | Planned Actions | Timing |
|---|---|---|
| Prerequisite of Quality | ||
| 0.2.1 | • Financing will be needed to improve the quality of the CPI. | Short term |
| 0.3.1 | • Establish regular mechanisms to consult data users to monitor the relevance of the statistics and to identify their information needs. | Short term |
| 0.4.2 | • Prepare monthly reports to inform management of the quality of surveys’ data (surveys’ response rate, coverage, response errors, etc.). | Short term |
| Methodological Soundness | ||
| 2.1.1 | • Adopt the recommendations of the 1993 SNA and CPI Manual 2004. | Short term |
| 2.3.1 |
| Short term |
| Accuracy and Reliability | ||
| 3.2.1 | • Improvement the efficiency of sampling techniques trough asses CPI data source to prices surveys. | Short term |
| 3.2.1 | • Asses CPI data source and calculate response rate, coverage, response errors, etc. | Short term |
| 3.3.1 | • Employ better statistical techniques to improve treatment of seasonal products, missing items, quality changes, and introduction of new products. | Short term |
| 3.3.2 |
| Short term |
| 3.5.1 | • Update of the new basket of the index, and conduction of studies about the difference between the both new and old CPI. | Short term |
| Serviceability | ||
| 4.3.3 | • Document of the comparative studies between the new and the old CPI. | Short term |
| Accessibility | ||
| 5.1.3. | • Disseminate a preannounced schedule with the dates the statistics are to be released. | Short term |
D. Producer Price Index
| DQAF Code | Planned Actions | Timing |
|---|---|---|
| Prerequisite of Quality | ||
| 0.2.1 | • Significant resources will be needed to improve the quality of the PPI. | Short term |
| 0.3.1 | • Establish regular mechanisms to consult data users to monitor the relevance of the statistics and to identify their information needs (preferably through users’ surveys). | Medium term |
| 0.4.2 | • Prepare monthly reports to inform management of the quality of surveys’ data (surveys’ response rate, coverage, response errors, etc.). | Short term |
| Methodological Soundness | ||
| 2.1.1 | • Adopt the concepts and definitions following the 1993 SNA, such as the inclusion of new PPI weights, changes in inventories, and own-account production for final use. | Medium term |
| 2.2.1 | • Formulate a general plan for expand industrial activity coverage, compiling updated weights and reference base, following international standards. | Short term |
| 2.3.1 |
| Medium term |
| Accuracy and Reliability | ||
| 3.1.1 | • Formulate a general plan for increase basket of goods coverage, using data from the supply/use tables based on the new national accounts series. | Medium term |
| 3.2.1 | • Asses PPI data source to prices surveys and improvement the efficiency of sampling techniques. | Short term |
| 3.2.1 | • Asses PPI data source and calculate response rate, coverage, response errors, etc. | Short term |
| 3.3.1 | • Employ better statistical techniques to improve treatment of seasonal products, missing items, quality changes, and introduction of new products. | Short term |
| 3.3.2 |
| Medium term |
| 3.5.1 | • Undertake periodic revision studies. | Short term |
| 3.5.1 | • Base PPI updates on a program of regular censuses and surveys. | Long term |
| Serviceability | ||
| 4.1.1 | • Improve the periodicity of the PPI. | Short term |
| 4.1.2 | • Improve the timeless of the PPI. | Short term |
| 4.3.1 | • Normalize the revisions periodicity. | Short term |
| 4.3.3 | • Document and disseminate the analysis of differences between revised and preliminary data. | Medium term |
| Accessibility | ||
| 5.1.3. | • Disseminate a preannounced schedule with the dates the statistics are to be released, and release statistics according to the preannounced schedule. | Short term |
| DQAF Code | Planned Actions | Timing |
|---|---|---|
| Prerequisite of Quality | ||
| 0.2.1 | • Significant resources will be needed to improve the quality of the PPI. | Short term |
| 0.3.1 | • Establish regular mechanisms to consult data users to monitor the relevance of the statistics and to identify their information needs (preferably through users’ surveys). | Medium term |
| 0.4.2 | • Prepare monthly reports to inform management of the quality of surveys’ data (surveys’ response rate, coverage, response errors, etc.). | Short term |
| Methodological Soundness | ||
| 2.1.1 | • Adopt the concepts and definitions following the 1993 SNA, such as the inclusion of new PPI weights, changes in inventories, and own-account production for final use. | Medium term |
| 2.2.1 | • Formulate a general plan for expand industrial activity coverage, compiling updated weights and reference base, following international standards. | Short term |
| 2.3.1 |
| Medium term |
| Accuracy and Reliability | ||
| 3.1.1 | • Formulate a general plan for increase basket of goods coverage, using data from the supply/use tables based on the new national accounts series. | Medium term |
| 3.2.1 | • Asses PPI data source to prices surveys and improvement the efficiency of sampling techniques. | Short term |
| 3.2.1 | • Asses PPI data source and calculate response rate, coverage, response errors, etc. | Short term |
| 3.3.1 | • Employ better statistical techniques to improve treatment of seasonal products, missing items, quality changes, and introduction of new products. | Short term |
| 3.3.2 |
| Medium term |
| 3.5.1 | • Undertake periodic revision studies. | Short term |
| 3.5.1 | • Base PPI updates on a program of regular censuses and surveys. | Long term |
| Serviceability | ||
| 4.1.1 | • Improve the periodicity of the PPI. | Short term |
| 4.1.2 | • Improve the timeless of the PPI. | Short term |
| 4.3.1 | • Normalize the revisions periodicity. | Short term |
| 4.3.3 | • Document and disseminate the analysis of differences between revised and preliminary data. | Medium term |
| Accessibility | ||
| 5.1.3. | • Disseminate a preannounced schedule with the dates the statistics are to be released, and release statistics according to the preannounced schedule. | Short term |
E. Government Finance Statistics
| DQAF Code | Planned Actions | Timing |
|---|---|---|
| Prerequisite of Quality | ||
| 0.1.1 | • Coordination between the two units of the MOF that share the responsibility of GFS compilation should be improved for comprehensive collection, compilation and dissemination of GFS. | Short term |
| 0.1.2 | • Intra and inter-agency data sharing and coordination between the MOF and data-producing public entities should be improved. | Short term |
| 0.2.1 | • Additional personnel, computing, and financing resources are required to perform new collection, compilation, and dissemination tasks to improve GFS quality, such as an expansion of the institutional and transaction coverage of the GFS already compiled, and the implementation of the GFSM 2001 analytical framework. | Medium term |
| Assurances of integrity | ||
| 1.2.3 | • Clearly identify data sources and the entity in charge of data compilation in all statistical products. | Short term |
| 1.2.4 | • Provide advance notice of all methodological and other relevant changes that materially affect the GFS. | Short term |
| Methodological Soundness | ||
| 2.1.1 | • Develop a plan to migrate to the GFSM 2001 analytical framework. Current GFS compilation using the GFSM 2001 methodology by the GDA should be coordinated among relevant units and institutions involved in the GFS compilation. | Medium term |
| 2.2.1 | • (i) Expand the scope of institutions and transactions in the GFS to include comprehensive and detailed data of the operations of some decentralized agencies and local governments; (ii) make special efforts to compile debt data of local governments; and (iii) expand coverage of domestic debt. | Medium term |
| 2.3.1 | • Adopt sectorization and classification systems recommended in the GFS manuals, including: | |
| • Compile and disseminate data for central government including budgetary, extrabudgetary, and social security operations. | Short term | |
| • Compile GFS for the social security sector, including data of the Corporation of Military Social Insurance. | Medium term | |
| • Reclassify royalties as other revenue item; commissions for interest as good and service item; tax refunds as a revenue item; social assistance benefits as transfers to households; repayments as an expense item and present a net item, lending minus repayments; and payments for pensions as compensation of employee item. | Short term | |
| • Reclassify as other capital revenue two categories wrongly classified as current revenue, “other capital revenue” and “other revenues”, the part corresponding to capital revenue. | Medium term | |
| • Collect and compile disaggregated data for some items included in expenses, such “universities” and “others”, to obtain an adequate economic classification. | Medium term | |
| 2.4.1 | • Value public external and domestic debt at face value if the GFSM 1986 methodology is used or at market prices if the GFSM 2001 methodology is used. Nominal values can be shown as memorandum items. | Medium term |
| 2.4.2 | • Compile GFS data on noncash and cash bases. Both bases of recording are relevant for policy analysis and they should be consistent. | Medium term |
| 2.4.3 | • Taxes should include tax refunds, and be netted from the correspondent tax, if possible, and lending minus repayment should be included as an expense category (when using the GFSM 1986 methodology). | Short term |
| Accuracy and Reliability | ||
| 3.1.1 | • (i) devote financial, human, and computing resources to integrate data sources for improving consistency of the GFS and for reducing the collection and compilation burden, and (ii) expand institutional coverage of the SIGMA to include information collected by the SINCON and other financial systems. | Medium term |
| 3.5.1 | • Document revision studies and analysis of revisions. | Medium term |
| Serviceability | ||
| 4.2.3 | • Reconcile GFS with the national accounts to ensure consistency. | Short term |
| 4.3.1 | • Make the revision schedule known to the public. | Short term |
| 4.3.3 | • Include explanatory notes of revisions in published tables and disseminate studies and analysis of revisions. | Short term |
| Accessibility | ||
| 5.1.1 | • Improve the presentation of GFS on the website or in hard copy. | Short term |
| 5.2.1 | • Post detailed GFS detailed metadata and a link to the IMF’s DSBB on the MOF website. | Short term |
| DQAF Code | Planned Actions | Timing |
|---|---|---|
| Prerequisite of Quality | ||
| 0.1.1 | • Coordination between the two units of the MOF that share the responsibility of GFS compilation should be improved for comprehensive collection, compilation and dissemination of GFS. | Short term |
| 0.1.2 | • Intra and inter-agency data sharing and coordination between the MOF and data-producing public entities should be improved. | Short term |
| 0.2.1 | • Additional personnel, computing, and financing resources are required to perform new collection, compilation, and dissemination tasks to improve GFS quality, such as an expansion of the institutional and transaction coverage of the GFS already compiled, and the implementation of the GFSM 2001 analytical framework. | Medium term |
| Assurances of integrity | ||
| 1.2.3 | • Clearly identify data sources and the entity in charge of data compilation in all statistical products. | Short term |
| 1.2.4 | • Provide advance notice of all methodological and other relevant changes that materially affect the GFS. | Short term |
| Methodological Soundness | ||
| 2.1.1 | • Develop a plan to migrate to the GFSM 2001 analytical framework. Current GFS compilation using the GFSM 2001 methodology by the GDA should be coordinated among relevant units and institutions involved in the GFS compilation. | Medium term |
| 2.2.1 | • (i) Expand the scope of institutions and transactions in the GFS to include comprehensive and detailed data of the operations of some decentralized agencies and local governments; (ii) make special efforts to compile debt data of local governments; and (iii) expand coverage of domestic debt. | Medium term |
| 2.3.1 | • Adopt sectorization and classification systems recommended in the GFS manuals, including: | |
| • Compile and disseminate data for central government including budgetary, extrabudgetary, and social security operations. | Short term | |
| • Compile GFS for the social security sector, including data of the Corporation of Military Social Insurance. | Medium term | |
| • Reclassify royalties as other revenue item; commissions for interest as good and service item; tax refunds as a revenue item; social assistance benefits as transfers to households; repayments as an expense item and present a net item, lending minus repayments; and payments for pensions as compensation of employee item. | Short term | |
| • Reclassify as other capital revenue two categories wrongly classified as current revenue, “other capital revenue” and “other revenues”, the part corresponding to capital revenue. | Medium term | |
| • Collect and compile disaggregated data for some items included in expenses, such “universities” and “others”, to obtain an adequate economic classification. | Medium term | |
| 2.4.1 | • Value public external and domestic debt at face value if the GFSM 1986 methodology is used or at market prices if the GFSM 2001 methodology is used. Nominal values can be shown as memorandum items. | Medium term |
| 2.4.2 | • Compile GFS data on noncash and cash bases. Both bases of recording are relevant for policy analysis and they should be consistent. | Medium term |
| 2.4.3 | • Taxes should include tax refunds, and be netted from the correspondent tax, if possible, and lending minus repayment should be included as an expense category (when using the GFSM 1986 methodology). | Short term |
| Accuracy and Reliability | ||
| 3.1.1 | • (i) devote financial, human, and computing resources to integrate data sources for improving consistency of the GFS and for reducing the collection and compilation burden, and (ii) expand institutional coverage of the SIGMA to include information collected by the SINCON and other financial systems. | Medium term |
| 3.5.1 | • Document revision studies and analysis of revisions. | Medium term |
| Serviceability | ||
| 4.2.3 | • Reconcile GFS with the national accounts to ensure consistency. | Short term |
| 4.3.1 | • Make the revision schedule known to the public. | Short term |
| 4.3.3 | • Include explanatory notes of revisions in published tables and disseminate studies and analysis of revisions. | Short term |
| Accessibility | ||
| 5.1.1 | • Improve the presentation of GFS on the website or in hard copy. | Short term |
| 5.2.1 | • Post detailed GFS detailed metadata and a link to the IMF’s DSBB on the MOF website. | Short term |
F. Monetary Statistics
| DQAF Code | Planned Actions | Timing |
|---|---|---|
| Prerequisite of Quality | ||
| 0.1.2 | • Improve the timeliness of transmission of ODC’s monthly data from the GEF to the SSMF. | Short term |
| 0.2.1 | • Provide for automatic centralized back-up of the files stored in personal computers. | Medium term |
| Assurance of Integrity | ||
| 1.2.4 | • Announce in advance any major changes in the compilation of monetary statistics (e.g., the expansion of the coverage of the ODC to include SAFIs, or the compilation of an OFC survey). | Short term |
| Methodological Soundness | ||
| 2.2.1 | • In coordination with the SPVS, expand the coverage of the ODC survey with the inclusion of SAFIs. | Short term |
| 2.2.1 | • In coordination with the SBFE, remove the detected shortcomings in the reporting of some ODCs, in particular the improper use of the residence criterion 2. | Short term |
| 2.2.1 | • In coordination with the SPVS, start compiling a monthly OFC survey with accounts of insurance corporations, pension funds, and BDP. | Short term |
| Accuracy and Reliability | ||
| 3.2.1 | • Develop a routine that automatically flags substantial changes in the balances of selected accounts, or balances that do not correspond with the expected values. | Medium term |
| Serviceability | ||
| 4.3.3 | • Publish studies and analyses of revisions. | Short term |
| DQAF Code | Planned Actions | Timing |
|---|---|---|
| Prerequisite of Quality | ||
| 0.1.2 | • Improve the timeliness of transmission of ODC’s monthly data from the GEF to the SSMF. | Short term |
| 0.2.1 | • Provide for automatic centralized back-up of the files stored in personal computers. | Medium term |
| Assurance of Integrity | ||
| 1.2.4 | • Announce in advance any major changes in the compilation of monetary statistics (e.g., the expansion of the coverage of the ODC to include SAFIs, or the compilation of an OFC survey). | Short term |
| Methodological Soundness | ||
| 2.2.1 | • In coordination with the SPVS, expand the coverage of the ODC survey with the inclusion of SAFIs. | Short term |
| 2.2.1 | • In coordination with the SBFE, remove the detected shortcomings in the reporting of some ODCs, in particular the improper use of the residence criterion 2. | Short term |
| 2.2.1 | • In coordination with the SPVS, start compiling a monthly OFC survey with accounts of insurance corporations, pension funds, and BDP. | Short term |
| Accuracy and Reliability | ||
| 3.2.1 | • Develop a routine that automatically flags substantial changes in the balances of selected accounts, or balances that do not correspond with the expected values. | Medium term |
| Serviceability | ||
| 4.3.3 | • Publish studies and analyses of revisions. | Short term |
G. Balance of Payments Statistics
| DQAF Code | Planned Actions | Timing |
|---|---|---|
| Prerequisite of Quality | ||
| 0.1.4 | • Include in CBB’s questionnaires and direct reporting forms for BOP compilation references to the legal basis for collecting information, including the confidentiality of reported data. | Short term |
| 0.2.1 | • Provide additional staff to the BPD to undertake tasks associated with the recent introduction of the CBB’s Foreign Private Capital (FPC) survey. | Short term |
| 0.2.1 | • Improve BPD staff telephone communications and Internet access. | Medium term |
| 0.4.2 | • Prepare monthly reports to inform management of the quality of data based on direct reporting and surveys. | Short term |
| Assurances of Integrity | ||
| 1.2.1 | • Enhance the description in the External Sector Bulletin of the terms and under which BOP statistics are compiled and disseminated. | Short-term |
| 1.2.4 | • Reinforce the practice of providing advanced notice of major changes in the compilation of BOP statistics. | Short term |
| Methodological Soundness | ||
| 2.2.1 | • In consultation with the NSI, develop a methodology to include unrecorded trade and its counterpart transactions in BOP statistics. | Medium term |
| 2.2.1 | • Identify in coordination with the MOF ways to gather information on the ultimate holder of government bonds issued locally. | Medium term |
| 2.2.1 | • Assess the extent to which nonresidents’ deposits could be identified from total bank deposits in SBFE data in coordination with the SSMF. | Medium term |
| 2.3.1 | • Classify transactions in services and transfers, and sectorize institutional units for external debt transactions according to BPM5 guidelines. | Short term |
| 2.4.1 | • Adjust flow data derived from BIS stocks data on nonbank deposits abroad for exchange rate valuation changes. | Short term |
| 2.4.2 | • In coordination with the GOI, apply the accrual principle for recording interest on public external debt. | Medium term |
| 2.4.2 | • Record dividends when declared payable. | Short term |
| Accuracy and Reliability | ||
| 3.1.1 | • Initiate quarterly FPC surveys in 2007, identifying improvements in design, data validation, and sample techniques, based on the results of the 2006 FPC survey. | Short term |
| 3.1.1 | • Prepare a comprehensive and up-to-date business register for sample surveys. | Short term |
| 3.1.1 | • Reinforce the use of surveys and direct reporting data for services. | Short term |
| 3.1.1 | • Resume in 2007 the semiannual travel survey, jointly conducted by NSI and CBB. | Short term |
| 3.1.3 | • Subject to staff availability and improvements in the telephone communications, the CBB may employ more rigorous follow-up procedures to ensure the timely receipt of respondents’ data on services, remittances, and foreign private capital. | Short term |
| 3.3.1 | • Review statistical techniques to adjust data for missing observations on services, remittances, and foreign private capital. | Medium term |
| 3.3.2 | • Continue efforts to improve data collection and estimation techniques for workers’ remittances and other transfers, and certain services and financial transactions. | Medium term |
| 3.3.2 | • Review estimates on direct investment with the view to avoid overestimation of investment income and reinvested earnings. | Medium term |
| 3.4.3 | • In coordination with the GOI, compare data on selected external debt transactions with the Joint BIS-IMF-OECD-World Bank external debt table and the BIS locational banking statistics. | Short term |
| 3.4.3 | • Reconcile regularly trade data using partner-country data to adjust for possible miss coverage of exports and imports. | Medium term |
| 3.5.1 | • Document studies and analysis of revisions and use these results to inform the statistical process. | Short term |
| Serviceability | ||
| 4.2.1. | • Closely monitor the BOP errors and omissions. | Short term |
| 4.2.1 | • Produce and disseminate on a regular basis a summary table on BOP and IIP data consistency (identifying initial stock, transactions, other changes, and final stock). | Short term |
| 4.2.2 | • Revise the data series prior to 2006 in order to reclassify Bolivia’s contributions to FLAR from reserve assets to other CBB’s external assets. | Short term |
| 4.2.3 | • Establish regular mechanisms for enhancing data consistency with national accounts statistics. | Medium term |
| 4.2.3 | • Prepare and disseminate a table on quarterly reserves assets reconciliation between monetary and BOP statistics in coordination with the SSMF. | Short term |
| 4.3.1 | • Strengthen data revision policies and practices. | Short-term |
| 4.3.1 | • Publicize the revision cycle for BOP data on the CBB website. | Medium term |
| Accessibility | ||
| 5.1.1 | • In coordination with the GOI, initiate the dissemination of the public- and publicly-guaranteed external debt service schedule recommended by the GDDS on the CBB website. | Medium term |
| 5.1.1 | • In coordination with the GOI, initiate the dissemination of the SDDS prescribed external debt position data category (by institutional sector of the debtor, maturity, and type of instrument) on the CBB website. | Short-term |
| 5.1.1 | • In coordination with the GOI, initiate participation in the World Bank’s quarterly external debt statistics (QEDS) database, by reporting the SDDS prescribed external debt table. | Short-term |
| 5.1.1 | • In coordination with the GOI, compile and disseminate other QEDS tables relevant for Bolivia in the CBB website. | Medium term |
| 5.1.1 | • Initiate the monthly reporting of the reserve template with one-month lag to STA for its redissemination on the IMF website. | Short term |
| 5.1.1 | • Disseminate monthly series of the reserve template on the CBB website. | Short term |
| DQAF Code | Planned Actions | Timing |
|---|---|---|
| Prerequisite of Quality | ||
| 0.1.4 | • Include in CBB’s questionnaires and direct reporting forms for BOP compilation references to the legal basis for collecting information, including the confidentiality of reported data. | Short term |
| 0.2.1 | • Provide additional staff to the BPD to undertake tasks associated with the recent introduction of the CBB’s Foreign Private Capital (FPC) survey. | Short term |
| 0.2.1 | • Improve BPD staff telephone communications and Internet access. | Medium term |
| 0.4.2 | • Prepare monthly reports to inform management of the quality of data based on direct reporting and surveys. | Short term |
| Assurances of Integrity | ||
| 1.2.1 | • Enhance the description in the External Sector Bulletin of the terms and under which BOP statistics are compiled and disseminated. | Short-term |
| 1.2.4 | • Reinforce the practice of providing advanced notice of major changes in the compilation of BOP statistics. | Short term |
| Methodological Soundness | ||
| 2.2.1 | • In consultation with the NSI, develop a methodology to include unrecorded trade and its counterpart transactions in BOP statistics. | Medium term |
| 2.2.1 | • Identify in coordination with the MOF ways to gather information on the ultimate holder of government bonds issued locally. | Medium term |
| 2.2.1 | • Assess the extent to which nonresidents’ deposits could be identified from total bank deposits in SBFE data in coordination with the SSMF. | Medium term |
| 2.3.1 | • Classify transactions in services and transfers, and sectorize institutional units for external debt transactions according to BPM5 guidelines. | Short term |
| 2.4.1 | • Adjust flow data derived from BIS stocks data on nonbank deposits abroad for exchange rate valuation changes. | Short term |
| 2.4.2 | • In coordination with the GOI, apply the accrual principle for recording interest on public external debt. | Medium term |
| 2.4.2 | • Record dividends when declared payable. | Short term |
| Accuracy and Reliability | ||
| 3.1.1 | • Initiate quarterly FPC surveys in 2007, identifying improvements in design, data validation, and sample techniques, based on the results of the 2006 FPC survey. | Short term |
| 3.1.1 | • Prepare a comprehensive and up-to-date business register for sample surveys. | Short term |
| 3.1.1 | • Reinforce the use of surveys and direct reporting data for services. | Short term |
| 3.1.1 | • Resume in 2007 the semiannual travel survey, jointly conducted by NSI and CBB. | Short term |
| 3.1.3 | • Subject to staff availability and improvements in the telephone communications, the CBB may employ more rigorous follow-up procedures to ensure the timely receipt of respondents’ data on services, remittances, and foreign private capital. | Short term |
| 3.3.1 | • Review statistical techniques to adjust data for missing observations on services, remittances, and foreign private capital. | Medium term |
| 3.3.2 | • Continue efforts to improve data collection and estimation techniques for workers’ remittances and other transfers, and certain services and financial transactions. | Medium term |
| 3.3.2 | • Review estimates on direct investment with the view to avoid overestimation of investment income and reinvested earnings. | Medium term |
| 3.4.3 | • In coordination with the GOI, compare data on selected external debt transactions with the Joint BIS-IMF-OECD-World Bank external debt table and the BIS locational banking statistics. | Short term |
| 3.4.3 | • Reconcile regularly trade data using partner-country data to adjust for possible miss coverage of exports and imports. | Medium term |
| 3.5.1 | • Document studies and analysis of revisions and use these results to inform the statistical process. | Short term |
| Serviceability | ||
| 4.2.1. | • Closely monitor the BOP errors and omissions. | Short term |
| 4.2.1 | • Produce and disseminate on a regular basis a summary table on BOP and IIP data consistency (identifying initial stock, transactions, other changes, and final stock). | Short term |
| 4.2.2 | • Revise the data series prior to 2006 in order to reclassify Bolivia’s contributions to FLAR from reserve assets to other CBB’s external assets. | Short term |
| 4.2.3 | • Establish regular mechanisms for enhancing data consistency with national accounts statistics. | Medium term |
| 4.2.3 | • Prepare and disseminate a table on quarterly reserves assets reconciliation between monetary and BOP statistics in coordination with the SSMF. | Short term |
| 4.3.1 | • Strengthen data revision policies and practices. | Short-term |
| 4.3.1 | • Publicize the revision cycle for BOP data on the CBB website. | Medium term |
| Accessibility | ||
| 5.1.1 | • In coordination with the GOI, initiate the dissemination of the public- and publicly-guaranteed external debt service schedule recommended by the GDDS on the CBB website. | Medium term |
| 5.1.1 | • In coordination with the GOI, initiate the dissemination of the SDDS prescribed external debt position data category (by institutional sector of the debtor, maturity, and type of instrument) on the CBB website. | Short-term |
| 5.1.1 | • In coordination with the GOI, initiate participation in the World Bank’s quarterly external debt statistics (QEDS) database, by reporting the SDDS prescribed external debt table. | Short-term |
| 5.1.1 | • In coordination with the GOI, compile and disseminate other QEDS tables relevant for Bolivia in the CBB website. | Medium term |
| 5.1.1 | • Initiate the monthly reporting of the reserve template with one-month lag to STA for its redissemination on the IMF website. | Short term |
| 5.1.1 | • Disseminate monthly series of the reserve template on the CBB website. | Short term |