Since 2013, CARTAC has provided TA to the Eastern Caribbean Central Bank (ECCB) and the Eastern Caribbean Currency Union’s (ECCU) member economies to improve data sources and align compilation practices with the guidelines of the sixth edition of the Balance of Payments and International Investment Position Manual. The compilation of ESS for Anguilla is a joint exercise between the ASD and the ECCB. Data are collected by the ASD, except data on banks and some other entities that are collected by the ECCB.
The AHMC provided the ECCB with row data for 2014, 2015 and 2016 in output tables without the due data quality assessment from the ASD in early 2017. A mission to the ECCB conducted in June 2017 followed up with ECCB compilers, who opted to include these values in the preliminary balance of payments statistics that would be released in July 3, 2017. Total CIF imports values are higher than data for 2014 received and assessed during the mission and ECCB’s previous estimations.
The Automated System for Customs Data (ASYCUDA) is the integrated customs management system developed by the United Nations Conference on Trade and Development (UNCTAD) for international trade and transport operations in a modern automated environment. Being web-based, the ASYCUDA World (the latest UNCTAD’s software product) allows customs administrations and traders to handle most of their transactions, from customs declarations to cargo manifests and transit documents, via Internet.
The ASD is not aware about ECCB’s estimations techniques.
The group was formed by the AHMC, the ASD, and the Department of Information Technology & E-Government Services (DITES).
The ASD later informed that the technical working group has not yet been reestablished.
A subsequent CARTAC mission to the ECCB in June 2017 noted significant differences in CIF import values between these output tables and those provided to ASD during the mission.
To strengthen capacity and assist in addressing issues that seem to be common in other Caribbean countries that have implemented AW, a CARTAC regional training workshop will be held in Port of Spain, Trinidad, during the period September 11–15, 2017. The workshop will have the participation of officials from customs offices, national statistics offices and central banks that are directly involved in dealing with trade data recording and compilation.
The technical working group had the participation of the AHMC, ASD, and the Department of Information Technology & E-Government Services (DITES).
The BPM CG is available on the IMF’s website: https://www.imf.org/external/pubs/ft/bop/2007/bop6comp.htm.