I. Mali: Relations with the Fund

(As of April 30, 2011)

I. Membership Status: Joined: September 27, 1963; Article VIII

II. General Resources Account:

				SDR Million		%Quota
	Quota				93.30	100.00
	Fund holdings of currency (Exchange Rate)				83.30	89.28
	Reserve Tranche Position				10.00	10.72

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				SDR Million		%Quota
	Quota				93.30	100.00
	Fund holdings of currency (Exchange Rate)				83.30	89.28
	Reserve Tranche Position				10.00	10.72

III. SDR Department:

	SDR Million	%Allocation
Net cumulative allocation	89.36	100.00
Holdings	73.43	82.17

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	SDR Million	%Allocation
Net cumulative allocation	89.36	100.00
Holdings	73.43	82.17

IV. Outstanding Purchases and Loans:

	SDR Million	%Quota
ECF Arrangements	33.72	36.15

View Table

	SDR Million	%Quota
ECF Arrangements	33.72	36.15

V. Latest Financial Arrangements:

^1/Formerly PRGF.

		Date of	Expiration	Amount Approved	Amount Drawn
	Type	Arrangement	Date	(SDR Million)	(SDR Million)
	ECF1/	May 28, 2008	Dec 31, 2011	27.99	25.99
	ECF1/	Jun 23, 2004	Nov 30, 2007	9.33	9.33
	ECF1/	Aug 06, 1999	Aug 05, 2003	51.32	51.32

^1/Formerly PRGF.

View Table

		Date of	Expiration	Amount Approved	Amount Drawn
	Type	Arrangement	Date	(SDR Million)	(SDR Million)
	ECF1/	May 28, 2008	Dec 31, 2011	27.99	25.99
	ECF1/	Jun 23, 2004	Nov 30, 2007	9.33	9.33
	ECF1/	Aug 06, 1999	Aug 05, 2003	51.32	51.32

^1/Formerly PRGF.

VI. Projected Payments to Fund ^2/ (SDR Million; based on existing use of resources and present holdings of SDRs):

^2/When a member has overdue financial obligations outstanding for more than three months, the amount of such arrears will be shown in this section.

			Forthcoming
	2011	2012	2013	2014	2015
Principal	0.40	1.20	2.90	5.20	5.67
Charges/Interest	0.06	0.17	0.16	0.16	0.14
Total	0.46	1.37	3.06	5.35	5.81

^2/When a member has overdue financial obligations outstanding for more than three months, the amount of such arrears will be shown in this section.

View Table

			Forthcoming
	2011	2012	2013	2014	2015
Principal	0.40	1.20	2.90	5.20	5.67
Charges/Interest	0.06	0.17	0.16	0.16	0.14
Total	0.46	1.37	3.06	5.35	5.81

^2/When a member has overdue financial obligations outstanding for more than three months, the amount of such arrears will be shown in this section.

^1/Assistance committed under the original framework is expressed in net present value (NPV) terms at the completion point, and assistance committed under the enhanced framework is expressed in NPV terms at the decision point. Hence these two amounts can not be added.

^2/Under the enhanced framework, an additional disbursement is made at the completion point corresponding to interest income earned on the amount committed at the decision point but not disbursed during the interim period.

VII. Implementation of HIPC Initiative:
				Original	Enhanced
I. Commitment of HIPC assistance				Framework	Framework	Total
	Decision point date			Sep 1998	Sep 2000
	Assistance committed
	by all creditors (US$ Million)1/			121.00	417.00
		Of which: IMF assistance (US$ million)		14.00	45.21
			(SDR equivalent in millions)	10.80	34.74
		Completion point date		Sep 2000	Mar 2003
II. Disbursement of IMF assistance (SDR Million)
	Assistance disbursed to the member			10.80	34.74	45.54
		Interim assistance		--	9.08	9.08
		Completion point balance		10.80	25.66	36.46
	Additional disbursement of interest income2/			--	3.73	3.73
			Total disbursements	10.80	38.47	49.27

^1/Assistance committed under the original framework is expressed in net present value (NPV) terms at the completion point, and assistance committed under the enhanced framework is expressed in NPV terms at the decision point. Hence these two amounts can not be added.

^2/Under the enhanced framework, an additional disbursement is made at the completion point corresponding to interest income earned on the amount committed at the decision point but not disbursed during the interim period.

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VII. Implementation of HIPC Initiative:
				Original	Enhanced
I. Commitment of HIPC assistance				Framework	Framework	Total
	Decision point date			Sep 1998	Sep 2000
	Assistance committed
	by all creditors (US$ Million)1/			121.00	417.00
		Of which: IMF assistance (US$ million)		14.00	45.21
			(SDR equivalent in millions)	10.80	34.74
		Completion point date		Sep 2000	Mar 2003
II. Disbursement of IMF assistance (SDR Million)
	Assistance disbursed to the member			10.80	34.74	45.54
		Interim assistance		--	9.08	9.08
		Completion point balance		10.80	25.66	36.46
	Additional disbursement of interest income2/			--	3.73	3.73
			Total disbursements	10.80	38.47	49.27

^1/Assistance committed under the original framework is expressed in net present value (NPV) terms at the completion point, and assistance committed under the enhanced framework is expressed in NPV terms at the decision point. Hence these two amounts can not be added.

^2/Under the enhanced framework, an additional disbursement is made at the completion point corresponding to interest income earned on the amount committed at the decision point but not disbursed during the interim period.

^1/The MDRI provides 100 percent debt relief to eligible member countries that qualified for the assistance. Grant assistance from the MDRI Trust and HIPC resources provide debt relief to cover the full stock of debt owed to the Fund as of end-2004 that remains outstanding at the time the member qualifies for such debt relief.

VIII. Implementation of Multilateral Debt Relief Initiative (MDRI):
I. MDRI-eligible debt (SDR Million)1/				75.07
		Financed by: MDRI Trust		62.44
		Remaining HIPC resources		12.63
II. Debt Relief by Facility (SDR Million)			Eligible Debt
		Delivery
		Date	GRA	PRGT	Total
		January 2006	N/A	75.07	75.07

^1/The MDRI provides 100 percent debt relief to eligible member countries that qualified for the assistance. Grant assistance from the MDRI Trust and HIPC resources provide debt relief to cover the full stock of debt owed to the Fund as of end-2004 that remains outstanding at the time the member qualifies for such debt relief.

View Table

VIII. Implementation of Multilateral Debt Relief Initiative (MDRI):
I. MDRI-eligible debt (SDR Million)1/				75.07
		Financed by: MDRI Trust		62.44
		Remaining HIPC resources		12.63
II. Debt Relief by Facility (SDR Million)			Eligible Debt
		Delivery
		Date	GRA	PRGT	Total
		January 2006	N/A	75.07	75.07

^1/The MDRI provides 100 percent debt relief to eligible member countries that qualified for the assistance. Grant assistance from the MDRI Trust and HIPC resources provide debt relief to cover the full stock of debt owed to the Fund as of end-2004 that remains outstanding at the time the member qualifies for such debt relief.

IX. Safeguards Assessments

The Central Bank of West African States (BCEAO) is a common central bank of the countries of the West African Economic and Monetary Union (WAMU). The most recent safeguards assessment of the BCEAO was completed on March 1, 2010. The 2010 update assessment found that the BCEAO continues to have controls in place at the operational level. The overall governance framework needed nonetheless to be strengthened by the addition of an audit committee to ensure that the Board of Directors exercises appropriate oversight over the control structure, including the audit mechanisms and financial statements. The Institutional Reform of the WAEMU and the BCEAO completed after the approval of the safeguards report stipulated the creation of the Audit Committee, which should now start working. Efforts to implement fully the International Financial Reporting Standards reporting framework should also be pursued.

X. Exchange Rate Arrangement

Mali is a member of the WAEMU. The exchange system, common to all members of the union, has no restrictions on the making of payments and transfers for current international transactions. The union’s common currency, the CFA franc, was pegged to the French franc at the rate of CFAF 50 = F 1 from 1948 until early 1994. Effective January 12, 1994, the CFA franc was devalued, and the new parity set at CFAF 100 = F 1. Effective January 1, 1999, the CFA franc was pegged to the Euro at a rate of CFAF 655.96 = EUR 1.

As of June 1, 1996, Mali and other members of WAEMU accepted the obligations of Article VIII, Sections 2, 3, and 4 of the Fund’s Articles of Agreement.

Sharing a common trade policy with other members of WAEMU, Mali has shifted key trade policy-making to the sub-regional level. The common external tariff (CET) was adopted in January 2000. Mali complies with the union’s tariff rate structure and has effectively dismantled internal tariffs. WAEMU tariff reform has reduced the simple average custom duty from 22.1 percent in 1997 to 14.6 percent in 2003 (latest available): the maximum rate is 20 percent. Imports to Mali are not subject to quantitative restrictions.

Mali’s exports to the European Union generally enjoy non-reciprocal preferential treatment in the form of exemption from import duties under the Everything but Arms initiative. Malian goods enjoy nonreciprocal preferential access to the markets of developed countries other than the European Union under the Generalized System of Preferences. Mali is also eligible to benefits from the United States’ African Growth and Opportunity Act. At the WAEMU level, officially Mali experiences no regulatory impediments to its exports.

XI. Article IV Consultations

Mali’s Article IV consultation cycle is governed by the provisions of the July 2002 decision on consultation cycles. The Executive Board completed the 2010 Article IV consultation (Country Report No. 10/255) on July 16, 2010. The next Article IV consultation is expected to be completed by July 2012.

XII. Technical Assistance

XII. Technical Assistance

Department	Type of Assistance	Time of Delivery	Purpose
AFRITAC	Expert	Apr. 2011	TOFE
FAD	Expert	Apr. 2011	Public Accounting, Fiscal Reporting, Cash Management
FAD	Expert	Mar. 2011	Public Accounting, Fiscal Reporting, Cash Management
FAD	Expert	Feb. 2011	Public Accounting, Fiscal Reporting, Cash Management
AFRITAC	Expert	Jan. 2011	National Accounts
AFRITAC	Expert	Sep.2010	Tax Administration
FAD	Staff	Sep.2010	Tax Policy
AFRITAC	Banking Supervision Advisor	Jun.2010	Restructuring of a government owned bank
AFRITAC	Expert	May.2010	Program budgeting
AFRITAC	Expert	May.2010	Customs administration
AFRITAC	Expert	Apr.2010	Land registry administration
MCM	Staff	Apr.2010	Public Debt Management
FAD	Expert	Apr.2010	Tax Administration
FAD	Expert	Mar.2010	Expenditure administration
AFRITAC	STA Advisor	Feb. 2010	Compile the financing data of the TOFE
AFRITAC	STA Advisor	Aug.2009	Workshop on the use of GFSM 2001 methodology to compile GFS data
FAD	Expert	Jun.2009	Tax Administration
FAD	Expert	Nov. 2008	Help establish medium-size taxpayer unit
AFRITAC	STA Advisor	Oct. 2008	Workshop on the current TOFE
FAD	Expert	Oct. 2008	Assist Treasury computerization
AFRITAC	Expert	Sept. 2008	Prepare the source data for the 2006 national accounts

View Table

XII. Technical Assistance

Department	Type of Assistance	Time of Delivery	Purpose
AFRITAC	Expert	Apr. 2011	TOFE
FAD	Expert	Apr. 2011	Public Accounting, Fiscal Reporting, Cash Management
FAD	Expert	Mar. 2011	Public Accounting, Fiscal Reporting, Cash Management
FAD	Expert	Feb. 2011	Public Accounting, Fiscal Reporting, Cash Management
AFRITAC	Expert	Jan. 2011	National Accounts
AFRITAC	Expert	Sep.2010	Tax Administration
FAD	Staff	Sep.2010	Tax Policy
AFRITAC	Banking Supervision Advisor	Jun.2010	Restructuring of a government owned bank
AFRITAC	Expert	May.2010	Program budgeting
AFRITAC	Expert	May.2010	Customs administration
AFRITAC	Expert	Apr.2010	Land registry administration
MCM	Staff	Apr.2010	Public Debt Management
FAD	Expert	Apr.2010	Tax Administration
FAD	Expert	Mar.2010	Expenditure administration
AFRITAC	STA Advisor	Feb. 2010	Compile the financing data of the TOFE
AFRITAC	STA Advisor	Aug.2009	Workshop on the use of GFSM 2001 methodology to compile GFS data
FAD	Expert	Jun.2009	Tax Administration
FAD	Expert	Nov. 2008	Help establish medium-size taxpayer unit
AFRITAC	STA Advisor	Oct. 2008	Workshop on the current TOFE
FAD	Expert	Oct. 2008	Assist Treasury computerization
AFRITAC	Expert	Sept. 2008	Prepare the source data for the 2006 national accounts

XIII. Resident Representative

Mr. Alain Feler has been the Fund Resident Representative in Bamako since November 2008.

II. RELATIONS WITH THE BANK

THE JMAP BANK–FUND MATRIX

THE JMAP BANK–FUND MATRIX

Title	Products	Provisional Timing of Missions	Provisional Delivery Dates
A. Mutual Information on Relevant Work Programs
Bank Work Program	Poverty Reduction Strategy Credit (PRSC - 6)	Identification: August 2011 Pre-appraisal: November 2011 Appraisal and negotiations: January 2012	March 2012
	Governance and Budget Decentralization Technical Assistance	Supervision: February 2012	April 2012
	Poverty and Gender Notes Economic Sector Work	Data cleaning and tabulations: December 2010 Workshop to discuss preliminary poverty profile: May 2011	December 2011
Fund Work Program	Seventh ECF Review/possibly discussion of a new arrangement Article IV Consultation/ possibly first review of new arrangement Treasury Advisor	September 2011 March 2012 May 2011	December 2011 June 2012 April 2012
B. Requests for Work Program Inputs
Fund request to the Bank	Comments on the composition of the 2012 Budget and linkages between budget allocations and the G-PRSP	September 2011	December 2011
	Budgetary implications of pension system, social safety net, and electricity sector reforms	September 2011	December 2011
Bank request to the Fund	Information on recent macroeconomic developments, macroeconomic projections and analysis for 2012 and the medium term	November 2011 March 2012 September 2012	January 2012 June 2012 December 2012
	C. Agreement on Joint Products
Joint Work Program	Joint Bank-Fund Debt Sustainability Analysis	September 2011	December 2011
	Joint Bank-Fund Staff Advisory Note on G-PRSP III	March 2012	June 2012

View Table

THE JMAP BANK–FUND MATRIX

Title	Products	Provisional Timing of Missions	Provisional Delivery Dates
A. Mutual Information on Relevant Work Programs
Bank Work Program	Poverty Reduction Strategy Credit (PRSC - 6)	Identification: August 2011 Pre-appraisal: November 2011 Appraisal and negotiations: January 2012	March 2012
	Governance and Budget Decentralization Technical Assistance	Supervision: February 2012	April 2012
	Poverty and Gender Notes Economic Sector Work	Data cleaning and tabulations: December 2010 Workshop to discuss preliminary poverty profile: May 2011	December 2011
Fund Work Program	Seventh ECF Review/possibly discussion of a new arrangement Article IV Consultation/ possibly first review of new arrangement Treasury Advisor	September 2011 March 2012 May 2011	December 2011 June 2012 April 2012
B. Requests for Work Program Inputs
Fund request to the Bank	Comments on the composition of the 2012 Budget and linkages between budget allocations and the G-PRSP	September 2011	December 2011
	Budgetary implications of pension system, social safety net, and electricity sector reforms	September 2011	December 2011
Bank request to the Fund	Information on recent macroeconomic developments, macroeconomic projections and analysis for 2012 and the medium term	November 2011 March 2012 September 2012	January 2012 June 2012 December 2012
	C. Agreement on Joint Products
Joint Work Program	Joint Bank-Fund Debt Sustainability Analysis	September 2011	December 2011
	Joint Bank-Fund Staff Advisory Note on G-PRSP III	March 2012	June 2012

III. MALI—STATISTICAL ISSUES APPENDIX

(As of May 10, 2011)

A. Assessment of Data Adequacy for Surveillance
General: Data provision has some shortcomings, but is broadly adequate for surveillance.
National Accounts: The economic accounts of Mali are prepared by the National Institute of Statistics (INSTAT), in accordance with the System of National Accounts 1968 (SNA68) and adapted to certain characteristics specific to Mali. They are compiled on an annual basis. There are, however, weaknesses in the accuracy, coverage, and timeliness of national accounts data. The main reason has been the inadequacy of source data, along with insufficient funding and technical staffing of the National Directorate of Statistics and Data Processing (DNSI). The work on implementing the System of National Accounts 1993 (1993 SNA) is ongoing, with the support of the West African Economic and Monetary Union (WAEMU) Commission and AFRITAC West. At this time, the new base year, 2006, has been completed, and 2007 is near completion. It is expected that a new national accounts series spanning 1997-2007 will be available by 2011.
Price statistics: In concert with other WAEMU member countries, the INSTAT has been compiling and publishing a harmonized consumer price index (CPI) for Bamako on a monthly basis since early 1998. The CPI was rebased in 2008, with a new basket of products and revised weights.
Government finance statistics: As part of the process of economic integration among the member countries of the WAEMU, the country has made significant progress in bringing its fiscal data in line with the common framework that has been developed with technical assistance from the Fund (the harmonized table of government financial operations—TOFE). However, further efforts are needed to improve the timeliness of the TOFE, and the consistency of some of its source data. Work is progressing with the assistance of STA and AFRITAC West to develop compiling tools, implement the regional statistics guideline adopted in June 2009, and train the Malian officials on the GFSM 2001 methodology. Fiscal data are disseminated on the Central Bank of West African States (BCEAO), and the INSTAT and the WAEMU’s website. In February 2010, AFRITAC West staff visited Mali to assist the authorities in the compilation of the financing data of the TOFE. Particular attention was given to the consistency between financing data and revenue and expenditure data. Public debt statistics are prepared and monitored by separate agencies; external debt by the National Public Debt Directorate (NPDD) and domestic debt by the National Directorate of the Treasury and Government Accounting. The NPDD uses CS-DRMS accounting software. Debt data and projections are of generally good quality, although there is scope for improving the presentation as well as the coverage of debt relief (multilateral and bilateral). A procedure for regularly updating exchange rate projections is needed as well as a full mastering of the software.
Monetary statistics: Monetary and financial statistics, compiled and disseminated by the BCEAO, are broadly adequate and their institutional coverage is comprehensive. Accuracy is somewhat hampered by the use of outdated sorting coefficients to estimate cross-border amounts of banknotes among BCEAO countries, which in turn, are used to estimate currency in circulation and to adjust the net foreign assets of each member country.
Balance of payments: The BCEAO is responsible for compiling Mali’s balance of payments statistics. Under the provisions governing financial relations with the rest of the world, the central bank is authorized to request any individual or legal entity to provide any information necessary for compiling the balance of payments. For validation, compiled data must be approved by Mali’s Balance of Payments Committee, chaired by the minister responsible for finance. On Mali’s behalf, the BCEAO serves as the secretariat of the Balance of Payments Committee. The central bank currently bases its data collection on surveys of economic agents. It is testing a method of compiling data from settlements by banks, financial institutions, and the Office National des Postes (postal service) with the rest of the world.
Concepts and definitions used to compile the balance of payments statistics are in broad conformity with the guidelines presented in the fifth edition of the Balance of Payments Manual (BPM5).
B. Data Standards and Quality
Participant in the General Data Dissemination System (GDDS) since September 2001. Metadata need to be updated.	No Data ROSC is available.
C. Reporting to STA
Exchange rates, Fund position, International liquidity, Monetary Authorities, Deposit Money Banks, Monetary Survey, Interest rates, Prices (CPI), International Transactions & Positions, Balance of Payments, Government Finance, National Accounts, and Population are currently reported to the STA for publication in the International Financial Statistics. Data on international investment position is published in IFS and Balance of Payments Statistics Yearbook up to 2008.

View Table

A. Assessment of Data Adequacy for Surveillance
General: Data provision has some shortcomings, but is broadly adequate for surveillance.
National Accounts: The economic accounts of Mali are prepared by the National Institute of Statistics (INSTAT), in accordance with the System of National Accounts 1968 (SNA68) and adapted to certain characteristics specific to Mali. They are compiled on an annual basis. There are, however, weaknesses in the accuracy, coverage, and timeliness of national accounts data. The main reason has been the inadequacy of source data, along with insufficient funding and technical staffing of the National Directorate of Statistics and Data Processing (DNSI). The work on implementing the System of National Accounts 1993 (1993 SNA) is ongoing, with the support of the West African Economic and Monetary Union (WAEMU) Commission and AFRITAC West. At this time, the new base year, 2006, has been completed, and 2007 is near completion. It is expected that a new national accounts series spanning 1997-2007 will be available by 2011.
Price statistics: In concert with other WAEMU member countries, the INSTAT has been compiling and publishing a harmonized consumer price index (CPI) for Bamako on a monthly basis since early 1998. The CPI was rebased in 2008, with a new basket of products and revised weights.
Government finance statistics: As part of the process of economic integration among the member countries of the WAEMU, the country has made significant progress in bringing its fiscal data in line with the common framework that has been developed with technical assistance from the Fund (the harmonized table of government financial operations—TOFE). However, further efforts are needed to improve the timeliness of the TOFE, and the consistency of some of its source data. Work is progressing with the assistance of STA and AFRITAC West to develop compiling tools, implement the regional statistics guideline adopted in June 2009, and train the Malian officials on the GFSM 2001 methodology. Fiscal data are disseminated on the Central Bank of West African States (BCEAO), and the INSTAT and the WAEMU’s website. In February 2010, AFRITAC West staff visited Mali to assist the authorities in the compilation of the financing data of the TOFE. Particular attention was given to the consistency between financing data and revenue and expenditure data. Public debt statistics are prepared and monitored by separate agencies; external debt by the National Public Debt Directorate (NPDD) and domestic debt by the National Directorate of the Treasury and Government Accounting. The NPDD uses CS-DRMS accounting software. Debt data and projections are of generally good quality, although there is scope for improving the presentation as well as the coverage of debt relief (multilateral and bilateral). A procedure for regularly updating exchange rate projections is needed as well as a full mastering of the software.
Monetary statistics: Monetary and financial statistics, compiled and disseminated by the BCEAO, are broadly adequate and their institutional coverage is comprehensive. Accuracy is somewhat hampered by the use of outdated sorting coefficients to estimate cross-border amounts of banknotes among BCEAO countries, which in turn, are used to estimate currency in circulation and to adjust the net foreign assets of each member country.
Balance of payments: The BCEAO is responsible for compiling Mali’s balance of payments statistics. Under the provisions governing financial relations with the rest of the world, the central bank is authorized to request any individual or legal entity to provide any information necessary for compiling the balance of payments. For validation, compiled data must be approved by Mali’s Balance of Payments Committee, chaired by the minister responsible for finance. On Mali’s behalf, the BCEAO serves as the secretariat of the Balance of Payments Committee. The central bank currently bases its data collection on surveys of economic agents. It is testing a method of compiling data from settlements by banks, financial institutions, and the Office National des Postes (postal service) with the rest of the world.
Concepts and definitions used to compile the balance of payments statistics are in broad conformity with the guidelines presented in the fifth edition of the Balance of Payments Manual (BPM5).
B. Data Standards and Quality
Participant in the General Data Dissemination System (GDDS) since September 2001. Metadata need to be updated.	No Data ROSC is available.
C. Reporting to STA
Exchange rates, Fund position, International liquidity, Monetary Authorities, Deposit Money Banks, Monetary Survey, Interest rates, Prices (CPI), International Transactions & Positions, Balance of Payments, Government Finance, National Accounts, and Population are currently reported to the STA for publication in the International Financial Statistics. Data on international investment position is published in IFS and Balance of Payments Statistics Yearbook up to 2008.

Common Indicators Required for Surveillance

(As of April 29, 2011)

¹Any reserve assets that are pledged of otherwise encumbered should be specified separately. Also, data should comprise short-term liabilities linked to a foreign currency but settled by other means as well as the notional values of financial derivatives to pay and to receive foreign currency, including those linked to a foreign currency but settled by other means.

²Both market-based and officially-determined, including discount rates, money market rates, rates on treasury bills, notes and bonds.

³Foreign, domestic bank, and domestic nonbank financing.

⁴The general government consists of the central government (budgetary funds, extra budgetary funds, and social security funds) and state and local governments.

⁵Including currency and maturity composition.

⁶Includes external gross financial asset and liability position vis-à-vis nonresidents.

⁷Daily (D); weekly (W); monthly (M); quarterly (Q); annually (A); irregular (I); and not available (NA).

Common Indicators Required for Surveillance

(As of April 29, 2011)

	Date of latest observation	Date received	Frequency of data7	Frequency of reporting7	Frequency of publication
Exchange Rates	Current	Current	D	M	M
International Reserve Assets and Reserve Liabilities of the Monetary Authorities1	Dec. 2010	Mar. 2011	M	M	M
Reserve/Base Money	Dec. 2010	Mar. 2011	M	M	M
Broad Money	Dec. 2010	Mar. 2011	M	M	M
Central Bank Balance Sheet	Dec. 2010	Mar. 2011	M	M	M
Consolidated Balance Sheet of the Banking System	Dec. 2010	Mar. 2011	M	M	M
Interest Rates2	Current	Current	I	W	M
Consumer Price Index	Mar. 2011	Apr. 2011	M	M	M
Revenue, Expenditure, Balance and Composition of Financing3 - General Government4	N/A	N/A
Revenue, Expenditure, Balance and Composition of Financing3- Central Government	Q4 2010	Mar. 2011	M	Q	A
Stocks of Central Government and Central Government-Guaranteed Debt5	2010	Mar. 2011	M	I	A
External Current Account Balance	2010	Mar. 2011	A	A	A
Exports and Imports of Goods and Services	2010	Mar. 2011	A	A	A
GDP/GNP	2010	Mar. 2011	A	A	Semi-A
Gross External Debt	2010	Mar. 2011	A	A	A
International Investment Position6	2008	Apr. 2009	A	A	A

¹Any reserve assets that are pledged of otherwise encumbered should be specified separately. Also, data should comprise short-term liabilities linked to a foreign currency but settled by other means as well as the notional values of financial derivatives to pay and to receive foreign currency, including those linked to a foreign currency but settled by other means.

²Both market-based and officially-determined, including discount rates, money market rates, rates on treasury bills, notes and bonds.

³Foreign, domestic bank, and domestic nonbank financing.

⁴The general government consists of the central government (budgetary funds, extra budgetary funds, and social security funds) and state and local governments.

⁵Including currency and maturity composition.

⁶Includes external gross financial asset and liability position vis-à-vis nonresidents.

⁷Daily (D); weekly (W); monthly (M); quarterly (Q); annually (A); irregular (I); and not available (NA).

View Table

Common Indicators Required for Surveillance

(As of April 29, 2011)

	Date of latest observation	Date received	Frequency of data7	Frequency of reporting7	Frequency of publication
Exchange Rates	Current	Current	D	M	M
International Reserve Assets and Reserve Liabilities of the Monetary Authorities1	Dec. 2010	Mar. 2011	M	M	M
Reserve/Base Money	Dec. 2010	Mar. 2011	M	M	M
Broad Money	Dec. 2010	Mar. 2011	M	M	M
Central Bank Balance Sheet	Dec. 2010	Mar. 2011	M	M	M
Consolidated Balance Sheet of the Banking System	Dec. 2010	Mar. 2011	M	M	M
Interest Rates2	Current	Current	I	W	M
Consumer Price Index	Mar. 2011	Apr. 2011	M	M	M
Revenue, Expenditure, Balance and Composition of Financing3 - General Government4	N/A	N/A
Revenue, Expenditure, Balance and Composition of Financing3- Central Government	Q4 2010	Mar. 2011	M	Q	A
Stocks of Central Government and Central Government-Guaranteed Debt5	2010	Mar. 2011	M	I	A
External Current Account Balance	2010	Mar. 2011	A	A	A
Exports and Imports of Goods and Services	2010	Mar. 2011	A	A	A
GDP/GNP	2010	Mar. 2011	A	A	Semi-A
Gross External Debt	2010	Mar. 2011	A	A	A
International Investment Position6	2008	Apr. 2009	A	A	A

¹Any reserve assets that are pledged of otherwise encumbered should be specified separately. Also, data should comprise short-term liabilities linked to a foreign currency but settled by other means as well as the notional values of financial derivatives to pay and to receive foreign currency, including those linked to a foreign currency but settled by other means.

²Both market-based and officially-determined, including discount rates, money market rates, rates on treasury bills, notes and bonds.

³Foreign, domestic bank, and domestic nonbank financing.

⁴The general government consists of the central government (budgetary funds, extra budgetary funds, and social security funds) and state and local governments.

⁵Including currency and maturity composition.

⁶Includes external gross financial asset and liability position vis-à-vis nonresidents.

⁷Daily (D); weekly (W); monthly (M); quarterly (Q); annually (A); irregular (I); and not available (NA).