Abstract
2018 Article IV Consultation-Press Release and Staff Report
Fund Relations
(As of June 30, 2018)
Membership Status: Joined: September 16, 1963; Article VIII
| General Resources Account: | SDR Million | %Quota |
|---|---|---|
| Quota | 469.80 | 100.00 |
| Fund holdings of currency (Exchange Rate) | 401.58 | 85.48 |
| Reserve Tranche Position | 68.22 | 14.52 |
| General Resources Account: | SDR Million | %Quota |
|---|---|---|
| Quota | 469.80 | 100.00 |
| Fund holdings of currency (Exchange Rate) | 401.58 | 85.48 |
| Reserve Tranche Position | 68.22 | 14.52 |
| SDR Department: | SDR Million | %Allocation |
|---|---|---|
| Net cumulative allocation | 321.13 | 100.00 |
| Holdings | 242.09 | 75.39 |
| SDR Department: | SDR Million | %Allocation |
|---|---|---|
| Net cumulative allocation | 321.13 | 100.00 |
| Holdings | 242.09 | 75.39 |
Outstanding Purchases and Loans: None
Latest Financial Arrangements:
| Type | Date of Arrangement | Expiration Date | Amount Approved (SDR Million) | Amount Drawn (SDR Million) |
|---|---|---|---|---|
| Stand-By | Apr 20, 1990 | Mar 31, 1991 | 85.00 | 85.00 |
| Stand-By | Jan 13, 1989 | Feb 28, 1990 | 99.00 | 99.00 |
| Type | Date of Arrangement | Expiration Date | Amount Approved (SDR Million) | Amount Drawn (SDR Million) |
|---|---|---|---|---|
| Stand-By | Apr 20, 1990 | Mar 31, 1991 | 85.00 | 85.00 |
| Stand-By | Jan 13, 1989 | Feb 28, 1990 | 99.00 | 99.00 |
Projected Payments to Fund:1/
(SDR Million; based on existing use of resources and present holdings of SDRs):
| Forthcoming | |||||
|---|---|---|---|---|---|
| 2018 | 2019 | 2020 | 2021 | 2022 | |
| Principal | |||||
| Charges/Interest | 0.39 | 0.78 | 0.78 | 0.78 | 0.78 |
| Total | 0.39 | 0.78 | 0.78 | 0.78 | 0.78 |
| Forthcoming | |||||
|---|---|---|---|---|---|
| 2018 | 2019 | 2020 | 2021 | 2022 | |
| Principal | |||||
| Charges/Interest | 0.39 | 0.78 | 0.78 | 0.78 | 0.78 |
| Total | 0.39 | 0.78 | 0.78 | 0.78 | 0.78 |
Implementation of HIPC Initiative
Not applicable
Implementation of Multilateral Debt Relief Initiative
Not applicable
Implementation of Catastrophe Containment and Relief (CCR)
Not applicable
Exchange Arrangements
Trinidad and Tobago has accepted the obligations of Article VIII, Sections 2, 3, and 4. Its exchange system, a de jure float, is classified as a stabilized arrangement under the Fund’s revised methodology.
Trinidad and Tobago maintains an exchange restriction and two multiple currency practices subject to the Fund’s approval under Article VIII, Section 2(a) and Section 3. The exchange restriction arises from the authorities’ restriction of the exchange rate (i.e., by restricting the maximum market buy and sell rates, and prohibiting foreign exchange (FX) transactions beyond the maximum rates), while not providing enough FX (i.e., through the CBTT’s FX interventions) to meet all demand for current transactions at that rate. The CBTT also limits sales of its FX intervention funds to meeting only “trade-related” demand, which do not include non-trade transactions that are, however, current international transactions as defined under Article XXX(d) of the IMF’s Articles of Agreement, and encourages authorized dealers to similarly prioritize sales of FX obtained from other sources. Further, the authorities prioritize provision of FX to certain manufacturers through a special FX facility using the EximBank. These actions result in undue delays in access to FX to make payments or transfers for current international transactions and external payment arrears.
The two multiple currency practices arise from the absence of a mechanism to prevent the potential deviation of more than two percent at any given time among several effective exchange rates regulated by the authorities, for spot exchange transactions; namely:
The potential two percent deviation between: (i) on the one hand, the CBTT’s intervention rate and the authorized dealers’ sell rates (the maximum of which is anchored on the intervention rate plus fixed margins), and (ii) on the other hand, the authorized dealers’ buy rates (the maximum of which is limited at the previous day’s mid-rate).
The potential two percent deviation between: (i) on the one hand, the buy and sell rates for FX transactions between the CBTT and the government, and (ii) on the other hand, the authorized dealers’ sell rates.
Last Article IV Consultation
The 2017 Article IV mission was concluded on Aug 2, 2017. Trinidad and Tobago is on the 12-month consultation cycle.
Technical Assistance
Trinidad & Tobago has received a significant volume of technical assistance across the various CARTAC fiscal, financial, and statistical areas. On fiscal issues, CARTAC has supported the authorities in developing a medium-term fiscal framework (MTFF) and strengthening oversight of public bodies. FAD conducted a tax administration diagnostic assessment and a fiscal transparency evaluation.
On financial issues, CARTAC continues to assist the authorities with review of the Central Bank Act, consolidated supervision, the mutual fund industry, and regulatory and supervisory frameworks for credit unions. Statistical reform priorities have advanced with CARTAC helping to improve the quality of the retail, producer and trade price indices; advising on the household budget survey and rebasing of the Retail Price Index; and improving and rebasing the GDP estimates. CARTAC has also assisted the Central Bank of Trinidad and Tobago in finalizing the external sector statistics for dissemination in the framework of the IMF’s Balance of Payments and International Investment Position Manual, sixth edition (BPM6) and reinstitute timely reporting to the IMF’s Statistics Department.
Despite the many improvements, the errors and omissions item in the balance of payments is still very large for some years, indicating that further work to improve survey coverage, especially in the energy sector, may be needed. Additional TA missions are scheduled for early 2019. Beyond the provision of direct in-country TA, officials from Trinidadian institutions participated in training events and regional workshops across all areas of CARTAC expertise, including most recently on digital currencies.
| Department | Dates | Purpose |
|---|---|---|
| CARTAC | July 19-20, 2018 | Digital Currencies and Central Banks’ Regulatory Response |
| STA | May – June 2018 | National Accounts |
| FAD | April-May 2018 | Fiscal Transparency Evaluation |
| STA | May 2018 | Price Statistics |
| CARTAC | April 2018 | Macro Fiscal Framework |
| STA | March 2018 | External Sector Statistics |
| MCM | February 2018 | Transitioning Mutual Funds |
| MCM | October 2017 | Credit Unions Regulation |
| CARTAC | October 2017 | Central fiscal oversight and analysis of public corporation risks |
| FAD | September 2017 | Tax Administration Diagnostic Assessment Tool |
| STA | May 2017 | National Accounts Statistics |
| STA | March 2017 | Price Statistics |
| FAD | September 2016, June 2017 | New Directions in Fiscal Regimes for Oil and Gas |
| FAD | November 2016 | Strengthening Institutional Arrangements and Core Operations |
| FAD | June 2016 | Establishing a Tax Policy Unit |
| STA | October 2016 | External Sector Statistics |
| STA | May 2016 | National Accounts Statistics |
| STA | March 2016 | External Sector Statistics |
| STA | January 2016 | National Accounts Statistics, Price Statistics |
| MCM | August 2015 | Monetary Policy Framework |
| MCM | April 2015 | Macroprudential Policy Framework |
| STA | March 2015 | External Sector Statistics |
| FAD | March 2015 | Revenue Administration |
| STA | May 2014 | Financial Sector Statistics/FSI compilation |
| MCM-LEG | March 2014 | National Financial Crisis Contingency Plan |
| FAD | July 2013 | Tax Administration |
| FAD | January 2013 | Tax Policy |
| MCM | October 2012 | Non-life insurance regulation |
| STA | June 2012 | Monetary and financial statistics |
| STA | April 2012 | Consumer and Price Statistics |
| STA | March 2012 | Monetary and balance of payments statistics |
| STA | February 2012 | Consumer and producer price statistics |
| MCM | June 2010, September 2010, March 2011, and June 2011 | Insurance supervision |
| MCM | December 2010 and April 2011 | Public debt management, funding and medium-term debt management strategies |
| Department | Dates | Purpose |
|---|---|---|
| CARTAC | July 19-20, 2018 | Digital Currencies and Central Banks’ Regulatory Response |
| STA | May – June 2018 | National Accounts |
| FAD | April-May 2018 | Fiscal Transparency Evaluation |
| STA | May 2018 | Price Statistics |
| CARTAC | April 2018 | Macro Fiscal Framework |
| STA | March 2018 | External Sector Statistics |
| MCM | February 2018 | Transitioning Mutual Funds |
| MCM | October 2017 | Credit Unions Regulation |
| CARTAC | October 2017 | Central fiscal oversight and analysis of public corporation risks |
| FAD | September 2017 | Tax Administration Diagnostic Assessment Tool |
| STA | May 2017 | National Accounts Statistics |
| STA | March 2017 | Price Statistics |
| FAD | September 2016, June 2017 | New Directions in Fiscal Regimes for Oil and Gas |
| FAD | November 2016 | Strengthening Institutional Arrangements and Core Operations |
| FAD | June 2016 | Establishing a Tax Policy Unit |
| STA | October 2016 | External Sector Statistics |
| STA | May 2016 | National Accounts Statistics |
| STA | March 2016 | External Sector Statistics |
| STA | January 2016 | National Accounts Statistics, Price Statistics |
| MCM | August 2015 | Monetary Policy Framework |
| MCM | April 2015 | Macroprudential Policy Framework |
| STA | March 2015 | External Sector Statistics |
| FAD | March 2015 | Revenue Administration |
| STA | May 2014 | Financial Sector Statistics/FSI compilation |
| MCM-LEG | March 2014 | National Financial Crisis Contingency Plan |
| FAD | July 2013 | Tax Administration |
| FAD | January 2013 | Tax Policy |
| MCM | October 2012 | Non-life insurance regulation |
| STA | June 2012 | Monetary and financial statistics |
| STA | April 2012 | Consumer and Price Statistics |
| STA | March 2012 | Monetary and balance of payments statistics |
| STA | February 2012 | Consumer and producer price statistics |
| MCM | June 2010, September 2010, March 2011, and June 2011 | Insurance supervision |
| MCM | December 2010 and April 2011 | Public debt management, funding and medium-term debt management strategies |
Statistical Issues
(As of July 2018)
| I. Assessment of Data Adequacy for Surveillance | |
| General: Data provision has serious shortcomings that significantly hamper surveillance. The authorities are committed to improving data provision, through the establishment of an independent National Statistics Institute (NSI), which will replace the Central Statistical Office (CSO). In the meantime, the CSO has obtained new offices, taken on additional provisional staff to reduce the backlog of uncompleted surveys, increased staffing with assistance from the CBTT, and secured TA from a number of international partners. | |
| National Accounts Statistics: The CSO has made noticeable improvements in the timeliness of data provision since 2015. The GDP estimates have been improved and rebased from 2000 to 2012. Revised real and nominal production-side GDP estimates have been compiled from 2012 to 2017. The CSO is also working on updating the estimates for 2000 to 2011 at broad industry level. The last current price expenditure-side GDP data is for 2017 but constant prices remain for 2008. The CSO expects to release quarterly production-side GDP estimates that are currently being developed. The CSO has increased lags in publication of its quarterly labor force bulletin to about four quarters (from two quarters). | |
| Price Statistics: The compilation methodology to estimate the Retail Price Index (RPI), implemented in mid-2016, corrects a significant upward bias, primarily in the food component. In addition, the RPI basket has been rebased to January 2015, with new weights drawn from the 2008/09 household budgetary survey. The CSO has recompiled and published the RPI for January 2015 to April 2018. The CSO expects to develop an experimental Producer Price Index (PPI) and Domestic Production Index (DPI) covering all domestic manufacturing industry, electricity, and water supply in late 2018 with 2012 weights covering manufacturing and utilities. In addition, the CSO is receiving TA from Statistics Canada on developing the Export and Import Price Indices, with new indices expected to be released in late 2018. | |
| Government Finance Statistics: The Ministry of Finance (MoF) compiles fiscal data using a national classification system for government transactions and debt of the central government. The compilation follows the Government Finance Statistics Manual (GFSM) 1986. However, the government accounts for one-off sources (such as asset sales and super-dividends) as revenues, whereas these should be accounted for as financing sources according to GFSM 2014. Data on public enterprises and statutory bodies are compiled and published once a year. There are limited data on debt outside of the central government. The authorities report annual GFS data to STA, though with a lag. The last annual data reported was for fiscal year 2013–2014, which was reported in November 2017. Data is limited to central government revenues, expenditures, financing and COFOG data, no debt or other balance sheet data is reported. | |
| Monetary and Financial Statistics: The monthly monetary accounts currently cover the CBTT and other depository corporations (ODCs), that is, commercial banks and nonbank financial institutions (finance houses, merchant banks, trusts, and mortgage companies), which report to the CBTT monthly. No data are reported by income funds, which act like money market funds and should be included as part of the ODCs sector. Since mutual funds are not regulated by the CBTT, an agreement with the Securities and Exchange Commission of Trinidad and Tobago is needed to obtain their data on a regular basis. Following a TA mission in May 2014, the CBTT has become a quarterly reporter of balance sheet data for the other financial corporations (OFCs) sector, covering insurance corporations, pension funds, the Heritage and Stabilization Fund (HSF), the Agricultural Development Bank (ADB), and the Mortgage Finance Company (TTMF). The CBTT needs to expand the coverage of the OFC sector to include the National Insurance Board (NIB), the Unit Trust Corporation (UTC), the Home Mortgage Bank (HMB), and the credit unions. Since mid-2013, the CBTT reports monetary data to STA using the SRFs. | |
| Financial Sector Surveillance: The CBTT reports Financial Soundness Indicators (FSIs) covering commercial banks on a regular quarterly basis. Trinidad and Tobago reports to STA all core and some encouraged financial soundness indicators. | |
| External sector statistics: The CBTT is responsible for the compilation and dissemination of balance of payments statistics. Quarterly and annual balance of payments data are disseminated by the CBTT in its national publications, although with some lag. Generally, compilation of balance of payments statistics is heavily based on administrative records and survey data from entities with cross-border transactions. Trade data is normally taken from the CSO, however due to some consistency issues in the energy sector, trade data from 2011 onwards are CBTT estimates. Energy trade data are obtained from direct data sources, while non-energy exports and non-fuel imports are sourced from the CSO. The CBTT’s estimates for trade data should be replaced by official CSO data, once a conciliation and consistency process is concluded. The CSO is in the process of reviewing and auditing recently compiled trade data covering 2012 to 2017. The authorities, following the recommendations from recent TA missions, revised the data in the goods and services account to address under-coverage and misclassifications, particularly in the valuation of imports at c.i.f., missing insurance services provided to nonresidents, and in services provided by nonresident companies to local oil and gas corporations. Recent TA missions have also assisted the authorities in the compilation of data on external assets and liabilities of mutual funds, the compilation of the International Investment Position (IIP), the proper classification of dividend flows by energy sector companies, other required improvements for subscription to the SDDS, and implementation of the Balance of Payments and International Investment Position Manual, sixth edition. The authorities made an official release of the revised BOP data from 2011 to 2017, as well as IIP data for the same period. Despite this substantial progress, errors and omissions are still relatively large. Additional technical assistance is scheduled for 2019 to address the remaining issues. Data with comprehensive coverage of external loans and domestic debt of the entire public sector, as well as publicly guaranteed debt has been migrated to the Commonwealth Secretariat Debt Recording and Management System (CSDRMS) utilized by the Ministry of Finance and the CBTT. | |
| II. Data Standards and Quality | |
| Trinidad and Tobago is a participant in the Fund’s enhanced General Data Dissemination System (e-GDDS) but has not yet implemented the National Summary Data Page. | No data ROSC is available. |
| I. Assessment of Data Adequacy for Surveillance | |
| General: Data provision has serious shortcomings that significantly hamper surveillance. The authorities are committed to improving data provision, through the establishment of an independent National Statistics Institute (NSI), which will replace the Central Statistical Office (CSO). In the meantime, the CSO has obtained new offices, taken on additional provisional staff to reduce the backlog of uncompleted surveys, increased staffing with assistance from the CBTT, and secured TA from a number of international partners. | |
| National Accounts Statistics: The CSO has made noticeable improvements in the timeliness of data provision since 2015. The GDP estimates have been improved and rebased from 2000 to 2012. Revised real and nominal production-side GDP estimates have been compiled from 2012 to 2017. The CSO is also working on updating the estimates for 2000 to 2011 at broad industry level. The last current price expenditure-side GDP data is for 2017 but constant prices remain for 2008. The CSO expects to release quarterly production-side GDP estimates that are currently being developed. The CSO has increased lags in publication of its quarterly labor force bulletin to about four quarters (from two quarters). | |
| Price Statistics: The compilation methodology to estimate the Retail Price Index (RPI), implemented in mid-2016, corrects a significant upward bias, primarily in the food component. In addition, the RPI basket has been rebased to January 2015, with new weights drawn from the 2008/09 household budgetary survey. The CSO has recompiled and published the RPI for January 2015 to April 2018. The CSO expects to develop an experimental Producer Price Index (PPI) and Domestic Production Index (DPI) covering all domestic manufacturing industry, electricity, and water supply in late 2018 with 2012 weights covering manufacturing and utilities. In addition, the CSO is receiving TA from Statistics Canada on developing the Export and Import Price Indices, with new indices expected to be released in late 2018. | |
| Government Finance Statistics: The Ministry of Finance (MoF) compiles fiscal data using a national classification system for government transactions and debt of the central government. The compilation follows the Government Finance Statistics Manual (GFSM) 1986. However, the government accounts for one-off sources (such as asset sales and super-dividends) as revenues, whereas these should be accounted for as financing sources according to GFSM 2014. Data on public enterprises and statutory bodies are compiled and published once a year. There are limited data on debt outside of the central government. The authorities report annual GFS data to STA, though with a lag. The last annual data reported was for fiscal year 2013–2014, which was reported in November 2017. Data is limited to central government revenues, expenditures, financing and COFOG data, no debt or other balance sheet data is reported. | |
| Monetary and Financial Statistics: The monthly monetary accounts currently cover the CBTT and other depository corporations (ODCs), that is, commercial banks and nonbank financial institutions (finance houses, merchant banks, trusts, and mortgage companies), which report to the CBTT monthly. No data are reported by income funds, which act like money market funds and should be included as part of the ODCs sector. Since mutual funds are not regulated by the CBTT, an agreement with the Securities and Exchange Commission of Trinidad and Tobago is needed to obtain their data on a regular basis. Following a TA mission in May 2014, the CBTT has become a quarterly reporter of balance sheet data for the other financial corporations (OFCs) sector, covering insurance corporations, pension funds, the Heritage and Stabilization Fund (HSF), the Agricultural Development Bank (ADB), and the Mortgage Finance Company (TTMF). The CBTT needs to expand the coverage of the OFC sector to include the National Insurance Board (NIB), the Unit Trust Corporation (UTC), the Home Mortgage Bank (HMB), and the credit unions. Since mid-2013, the CBTT reports monetary data to STA using the SRFs. | |
| Financial Sector Surveillance: The CBTT reports Financial Soundness Indicators (FSIs) covering commercial banks on a regular quarterly basis. Trinidad and Tobago reports to STA all core and some encouraged financial soundness indicators. | |
| External sector statistics: The CBTT is responsible for the compilation and dissemination of balance of payments statistics. Quarterly and annual balance of payments data are disseminated by the CBTT in its national publications, although with some lag. Generally, compilation of balance of payments statistics is heavily based on administrative records and survey data from entities with cross-border transactions. Trade data is normally taken from the CSO, however due to some consistency issues in the energy sector, trade data from 2011 onwards are CBTT estimates. Energy trade data are obtained from direct data sources, while non-energy exports and non-fuel imports are sourced from the CSO. The CBTT’s estimates for trade data should be replaced by official CSO data, once a conciliation and consistency process is concluded. The CSO is in the process of reviewing and auditing recently compiled trade data covering 2012 to 2017. The authorities, following the recommendations from recent TA missions, revised the data in the goods and services account to address under-coverage and misclassifications, particularly in the valuation of imports at c.i.f., missing insurance services provided to nonresidents, and in services provided by nonresident companies to local oil and gas corporations. Recent TA missions have also assisted the authorities in the compilation of data on external assets and liabilities of mutual funds, the compilation of the International Investment Position (IIP), the proper classification of dividend flows by energy sector companies, other required improvements for subscription to the SDDS, and implementation of the Balance of Payments and International Investment Position Manual, sixth edition. The authorities made an official release of the revised BOP data from 2011 to 2017, as well as IIP data for the same period. Despite this substantial progress, errors and omissions are still relatively large. Additional technical assistance is scheduled for 2019 to address the remaining issues. Data with comprehensive coverage of external loans and domestic debt of the entire public sector, as well as publicly guaranteed debt has been migrated to the Commonwealth Secretariat Debt Recording and Management System (CSDRMS) utilized by the Ministry of Finance and the CBTT. | |
| II. Data Standards and Quality | |
| Trinidad and Tobago is a participant in the Fund’s enhanced General Data Dissemination System (e-GDDS) but has not yet implemented the National Summary Data Page. | No data ROSC is available. |
Table of Common Indicators Required for Surveillance
(As of July 22, 2018)
Any reserve assets that are pledged or 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.
Both market-based and officially-determined, including discount rates, money market rates, rates on treasury bills, notes and bonds.
Foreign, domestic banks, and domestic nonbank financing.
The general government consists of the central government (budgetary funds, extra budgetary funds, and social security funds) and state and local governments.
Including currency and maturity composition.
Central Bank data estimates pending finalization of conciliation of trade data with CSO.
Includes external gross financial asset and liability positions vis-à-vis nonresidents. Only from 2011 onwards.
Daily (D), Weekly (W), Monthly (M), Quarterly (Q), Annually (A); Irregular (I); Not Available (NA)
Table of Common Indicators Required for Surveillance
(As of July 22, 2018)
| Date of latest observation | Date received | Frequency of Data | Frequency of Reporting8 | Frequency of publication | |
|---|---|---|---|---|---|
| Exchange Rates | July 2018 | July 2018 | D | D | D |
| International Reserve Assets and Reserve Liabilities of the Monetary Authorities1 | June 2018 | June 2018 | M | M | M |
| Reserve/Base Money | Apr 2018 | June 2018 | M | M | M |
| Broad Money | Apr 2018 | June 2018 | M | M | M |
| Central Bank Balance Sheet | Apr 2018 | June 2018 | M | M | M |
| Consolidated Balance Sheet of the Banking System | Feb 2018 | June 2018 | M | M | M |
| Interest Rates2 | June 2018 | July 2018 | M | M | M |
| Consumer Price Index | Apr 2018 | June 2018 | M | M | M |
| Revenue, Expenditure, Balance and Composition of Financing3 – General Government4 | NA | NA | NA | NA | NA |
| Revenue, Expenditure, Balance and Composition of Financing3– Central Government | Mar 2018 | June 2018 | Q | I | A |
| Stocks of Central Government and Central Government-Guaranteed Debt5 | Mar 2018 | June 2018 | Q | I | Q |
| External Current Account Balance | 2017 Q4 | June 2018 | Q | Q | Q |
| Exports and Imports of Goods and Services6 | 2017 Q4 | June 2018 | Q | Q | Q |
| GDP/GNP | 2017 | July 2018 | A | A | A |
| Gross External Debt | Mar 2018 | June 2018 | Q | Q | Q |
| International Investment Position7 | 2017 Q4 | June 2018 | Q | Q | Q |
Any reserve assets that are pledged or 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.
Both market-based and officially-determined, including discount rates, money market rates, rates on treasury bills, notes and bonds.
Foreign, domestic banks, and domestic nonbank financing.
The general government consists of the central government (budgetary funds, extra budgetary funds, and social security funds) and state and local governments.
Including currency and maturity composition.
Central Bank data estimates pending finalization of conciliation of trade data with CSO.
Includes external gross financial asset and liability positions vis-à-vis nonresidents. Only from 2011 onwards.
Daily (D), Weekly (W), Monthly (M), Quarterly (Q), Annually (A); Irregular (I); Not Available (NA)
Table of Common Indicators Required for Surveillance
(As of July 22, 2018)
| Date of latest observation | Date received | Frequency of Data | Frequency of Reporting8 | Frequency of publication | |
|---|---|---|---|---|---|
| Exchange Rates | July 2018 | July 2018 | D | D | D |
| International Reserve Assets and Reserve Liabilities of the Monetary Authorities1 | June 2018 | June 2018 | M | M | M |
| Reserve/Base Money | Apr 2018 | June 2018 | M | M | M |
| Broad Money | Apr 2018 | June 2018 | M | M | M |
| Central Bank Balance Sheet | Apr 2018 | June 2018 | M | M | M |
| Consolidated Balance Sheet of the Banking System | Feb 2018 | June 2018 | M | M | M |
| Interest Rates2 | June 2018 | July 2018 | M | M | M |
| Consumer Price Index | Apr 2018 | June 2018 | M | M | M |
| Revenue, Expenditure, Balance and Composition of Financing3 – General Government4 | NA | NA | NA | NA | NA |
| Revenue, Expenditure, Balance and Composition of Financing3– Central Government | Mar 2018 | June 2018 | Q | I | A |
| Stocks of Central Government and Central Government-Guaranteed Debt5 | Mar 2018 | June 2018 | Q | I | Q |
| External Current Account Balance | 2017 Q4 | June 2018 | Q | Q | Q |
| Exports and Imports of Goods and Services6 | 2017 Q4 | June 2018 | Q | Q | Q |
| GDP/GNP | 2017 | July 2018 | A | A | A |
| Gross External Debt | Mar 2018 | June 2018 | Q | Q | Q |
| International Investment Position7 | 2017 Q4 | June 2018 | Q | Q | Q |
Any reserve assets that are pledged or 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.
Both market-based and officially-determined, including discount rates, money market rates, rates on treasury bills, notes and bonds.
Foreign, domestic banks, and domestic nonbank financing.
The general government consists of the central government (budgetary funds, extra budgetary funds, and social security funds) and state and local governments.
Including currency and maturity composition.
Central Bank data estimates pending finalization of conciliation of trade data with CSO.
Includes external gross financial asset and liability positions vis-à-vis nonresidents. Only from 2011 onwards.
Daily (D), Weekly (W), Monthly (M), Quarterly (Q), Annually (A); Irregular (I); Not Available (NA)