Abstract
JAMAICA
Copyright Page
JAMAICA
STAFF REPORT FOR THE 2021 ARTICLE IV CONSULTATION—INFORMATIONAL ANNEX
January 25, 2022
Prepared By
Western Hemisphere Department
Contents
FUND RELATIONS
COLLABORATION WITH OTHER INTERNATIONAL FINANCIAL INSTITUTIONS
STATISTICAL ISSUES
Fund Relations
(As of December 31, 2021)
Membership Status: Joined: February 21, 1963, Article VIII
| General Resources Account: | SDR Million | % Quota |
| Quota | 382.90 | 100.00 |
| Fund holdings of currency | 1007.12 | 263.02 |
| Reserve tranche position | 27.35 | 7.14 |
| General Resources Account: | SDR Million | % Quota |
| Quota | 382.90 | 100.00 |
| Fund holdings of currency | 1007.12 | 263.02 |
| Reserve tranche position | 27.35 | 7.14 |
| SDR Department: | SDR Million | % Allocation |
| Net cumulative allocation | 628.64 | 100.00 |
| Holdings | 487.49 | 77.55 |
| SDR Department: | SDR Million | % Allocation |
| Net cumulative allocation | 628.64 | 100.00 |
| Holdings | 487.49 | 77.55 |
| Outstanding Purchases and Loans: | SDR Million | % Quota |
| Extended Arrangements | 268.62 | 70.15 |
| Outstanding Purchases and Loans: | SDR Million | % Quota |
| Extended Arrangements | 268.62 | 70.15 |
Latest Financial Arrangements: Arrangements:
| Type | Date of Arrangement | Expiration Date | Amount Approved (SDR Million) | Amount Drawn (SDR Million) |
| SBA | Nov 11, 2016 | Nov 10, 2019 | 1,195.30 | 0.00 |
| EFF | May 1, 2013 | Nov. 10, 2016 | 615.38 | 558.73 |
| Stand-By | Feb. 4, 2010 | May 3, 2012 | 820.50 | 541.80 |
| Type | Date of Arrangement | Expiration Date | Amount Approved (SDR Million) | Amount Drawn (SDR Million) |
| SBA | Nov 11, 2016 | Nov 10, 2019 | 1,195.30 | 0.00 |
| EFF | May 1, 2013 | Nov. 10, 2016 | 615.38 | 558.73 |
| Stand-By | Feb. 4, 2010 | May 3, 2012 | 820.50 | 541.80 |
Outright Loans:
| Type | Date of Arrangement | Date Drawn | Amount Approved (SDR Million) | Amount Drawn (SDR Million) |
| RFI | May 15, 2020 | May 19, 2020 | 382.90 | 382.90 |
| Type | Date of Arrangement | Date Drawn | Amount Approved (SDR Million) | Amount Drawn (SDR Million) |
| RFI | May 15, 2020 | May 19, 2020 | 382.90 | 382.90 |
Overdue Obligations and Projected Payments to Fund 1/
(SDR Millions; Based on Existing Use of Resources and Present Holdings of SDRs)
When a member has overdue financial obligations outstanding for more than three months, the amount of such arrears will be shown in this section.
Overdue Obligations and Projected Payments to Fund 1/
(SDR Millions; Based on Existing Use of Resources and Present Holdings of SDRs)
| Forthcoming | |||||
|---|---|---|---|---|---|
| 2022 | 2023 | 2024 | 2025 | 2026 | |
| Principal | 93.12 | 177.45 | 247.47 | 124.05 | 9.44 |
| Charges/Interest | 6.87 | 5.79 | 3.40 | 0.92 | 0.19 |
| Total | 100.00 | 9.63 | |||
When a member has overdue financial obligations outstanding for more than three months, the amount of such arrears will be shown in this section.
Overdue Obligations and Projected Payments to Fund 1/
(SDR Millions; Based on Existing Use of Resources and Present Holdings of SDRs)
| Forthcoming | |||||
|---|---|---|---|---|---|
| 2022 | 2023 | 2024 | 2025 | 2026 | |
| Principal | 93.12 | 177.45 | 247.47 | 124.05 | 9.44 |
| Charges/Interest | 6.87 | 5.79 | 3.40 | 0.92 | 0.19 |
| Total | 100.00 | 9.63 | |||
When a member has overdue financial obligations outstanding for more than three months, the amount of such arrears will be shown in this section.
Implementation of HIPC Initiative: Not Applicable
Implementation of Multilateral Debt Relief Initiative (MDRI): Not Applicable
Implementation of Catastrophe Containment and Relief (CCR): Not Applicable
Exchange Rate Arrangements:
Jamaica’s de facto and de jure exchange rate arrangements are floating. On January 10, 2022 the Jamaican dollar was trading at around J$154.53 to the U.S. dollar. Jamaica has accepted the obligations of Article VIII, Sections 2, 3, and 4, of the IMF’s Articles of Agreement. Jamaica does not maintain exchange restrictions on the making of payments and transfers for current international transactions, subject to IMF approval under Article VIII, Section 2(a) of the IMF’s Articles of Agreement. Jamaica maintains a multiple currency practice, subject to IMF approval under Article VIII, Section 3 of the IMF’s Articles of Agreement, due to the absence of a mechanism to prevent the exchange rates used for the resale of foreign exchange auction funds (capped with a specified spread) by participants and the exchange rates at which such participants sell foreign exchange other than from the foreign exchange auction funds, from deviating by more than 2 percent.
Last Article IV Consultation and Program Relations:
Jamaica RFI, SDR 382.90 million (100 percent of quota) Rapid Financing Instrument (RFI) was approved by the IMF Executive Board on May 15, 2020. The last Article IV consultation was completed by the Executive Board in June 2018. Jamaica is on the standard 12-month consultation cycle. Jamaica’s capacity to repay the Fund remains adequate, with risks mitigated by its strong track record of policy implementation and past use of Fund resources. Fund credit outstanding will reach about 5.5 percent of GDP or 18.7 percent of exports by end FY2021/2022.
Safeguards Assessment:
The 2017 update safeguards assessment found relatively strong safeguards in place, particularly in the financial reporting and audit mechanisms. Annual financial statements continue to be prepared and audited in accordance with international standards. The BOJ Act was amended towards the end of 2020, giving significant autonomy to the central bank and further strengthened governance arrangements.
Technical Assistance (Since 2015):
| Department | Dates | Purpose |
| FAD | April 2021 | Discretionary tax waivers |
| January 2018 | International Taxation | |
| January 2018 | Revenue Administration – taking stock and next steps | |
| July 2017 | Public Bodies Reform Action Plan | |
| April 2017 | Organizational Restructuring of Ministry of Finance | |
| December 2016 | Property Tax | |
| Nov 2016-December 2016 | Treasury Single Account and Review of Financial Management | |
| July 2016 | Tax Reform follow-up | |
| June 2016-July 2016 | Social Protection Reform | |
| October 2015 | Treasury Restructuring | |
| October 2015 | TADAT diagnostic assessment | |
| Sep 2015 – October 2015 | Public Bodies Reform | |
| September 2015 | Tax Reform and Tax Expenditures | |
| April 2015 | Public-Private Partnerships (PPPs) and Fiscal Risks Workshop | |
| April 2015 | Rationalizing the Government Wage Bill | |
| LEG/MCM | July 2017 | Central Bank Governance Reform |
| July 2017 | Resolution Framework for Banks | |
| December 2015 | Resolution Framework for Banks and Securities Dealers | |
| June 2015 | Resolution Framework for Securities Dealers | |
| July 2017-March 2018 | Pension Fund Stress Tests and Indicators (CARTAC) | |
| MCM | ||
| September 2017 | Bank Financial Analysis (CARTAC) | |
| April-August 2017 | Foreign Exchange Operations | |
| July 2017 | Macro Prudential Framework and Toolkit (CARTAC) | |
| June 2017 | Non-Bank Regulation and Supervision | |
| May 2017 | Primary Dealer System Reforms | |
| January 2017 | Bank Restructuring and Crisis Management | |
| August 2016-October 2016 | Liability Management | |
| June 2016-October 2017 | Central Bank Modelling and Forecasting | |
| May 2016-March2017 | Strengthening Securities Supervision | |
| February 2016-March 2018 | Supervisory Framework for SDs and Insurance | |
| December 2016 | Risk Based Supervision (CARTAC) | |
| June 2015-July 2016 | Securities and Insurance Supervision (CARTAC) | |
| December 2015 | Designing Resolution Framework | |
| October 2015 | Debt Management, Monetary and FX Operations | |
| April 2014-July 2015 | Securities Supervision (CARTAC) | |
| June 2015 | Transition to the Retail Repo Trust | |
| April 2015 | Resolution Framework for the Securities Sector and other Non-Bank Financial Institutions | |
| March 2015 | National Crisis Management Framework | |
| February 2015 | TOR for a Review of the BOJ’s Readiness for IT | |
| STA | January 2018 | National Accounts Statistics (CARTAC) |
| October 2017 | Government Finance Statistics | |
| October 2017 | Price Statistics (CARTAC) | |
| April 2017 | Balance of Payments Statistics (CARTAC) | |
| November 2016 | Real Sector Statistics (CARTAC) | |
| October 2016 | Consumer/Producer Prices (CARTAC) | |
| October 2016 | Financial Soundness Indicators (CARTAC) | |
| January 2016 | National Accounts Statistics (CARTAC) | |
| August 2015 | Institutional Sectoral Accounts (CARTAC) | |
| April 2015 – May 2015 | Balance of Payments Statistics (CARTAC) |
| Department | Dates | Purpose |
| FAD | April 2021 | Discretionary tax waivers |
| January 2018 | International Taxation | |
| January 2018 | Revenue Administration – taking stock and next steps | |
| July 2017 | Public Bodies Reform Action Plan | |
| April 2017 | Organizational Restructuring of Ministry of Finance | |
| December 2016 | Property Tax | |
| Nov 2016-December 2016 | Treasury Single Account and Review of Financial Management | |
| July 2016 | Tax Reform follow-up | |
| June 2016-July 2016 | Social Protection Reform | |
| October 2015 | Treasury Restructuring | |
| October 2015 | TADAT diagnostic assessment | |
| Sep 2015 – October 2015 | Public Bodies Reform | |
| September 2015 | Tax Reform and Tax Expenditures | |
| April 2015 | Public-Private Partnerships (PPPs) and Fiscal Risks Workshop | |
| April 2015 | Rationalizing the Government Wage Bill | |
| LEG/MCM | July 2017 | Central Bank Governance Reform |
| July 2017 | Resolution Framework for Banks | |
| December 2015 | Resolution Framework for Banks and Securities Dealers | |
| June 2015 | Resolution Framework for Securities Dealers | |
| July 2017-March 2018 | Pension Fund Stress Tests and Indicators (CARTAC) | |
| MCM | ||
| September 2017 | Bank Financial Analysis (CARTAC) | |
| April-August 2017 | Foreign Exchange Operations | |
| July 2017 | Macro Prudential Framework and Toolkit (CARTAC) | |
| June 2017 | Non-Bank Regulation and Supervision | |
| May 2017 | Primary Dealer System Reforms | |
| January 2017 | Bank Restructuring and Crisis Management | |
| August 2016-October 2016 | Liability Management | |
| June 2016-October 2017 | Central Bank Modelling and Forecasting | |
| May 2016-March2017 | Strengthening Securities Supervision | |
| February 2016-March 2018 | Supervisory Framework for SDs and Insurance | |
| December 2016 | Risk Based Supervision (CARTAC) | |
| June 2015-July 2016 | Securities and Insurance Supervision (CARTAC) | |
| December 2015 | Designing Resolution Framework | |
| October 2015 | Debt Management, Monetary and FX Operations | |
| April 2014-July 2015 | Securities Supervision (CARTAC) | |
| June 2015 | Transition to the Retail Repo Trust | |
| April 2015 | Resolution Framework for the Securities Sector and other Non-Bank Financial Institutions | |
| March 2015 | National Crisis Management Framework | |
| February 2015 | TOR for a Review of the BOJ’s Readiness for IT | |
| STA | January 2018 | National Accounts Statistics (CARTAC) |
| October 2017 | Government Finance Statistics | |
| October 2017 | Price Statistics (CARTAC) | |
| April 2017 | Balance of Payments Statistics (CARTAC) | |
| November 2016 | Real Sector Statistics (CARTAC) | |
| October 2016 | Consumer/Producer Prices (CARTAC) | |
| October 2016 | Financial Soundness Indicators (CARTAC) | |
| January 2016 | National Accounts Statistics (CARTAC) | |
| August 2015 | Institutional Sectoral Accounts (CARTAC) | |
| April 2015 – May 2015 | Balance of Payments Statistics (CARTAC) |
CARTAC Technical Assistance to Jamaica in FY2020 and FY2021
In FY2020 and FY2021, CARTAC delivered approximately -- field person weeks of TA to Jamaica in customs and tax administration, public financial management, statistics, and financial markets.
| Description | Start Date | End Date |
|---|---|---|
| Macroeconomic Management | ||
| Financial Programming and Policies | 12/15/2020 | 12/18/2020 |
| Statistics | ||
| National Accounts – Review of Implementation of SNA 2008 Concepts and Methods | 10/12/20 | 11/3/20 |
| Financial Markets | ||
| Liquidity Risk Management and Capital Requirements – Securities Firms | 7/1/20 | 7/3/20 |
| Liquidity Risk Management and Capital Requirements – Securities Firms | 7/26/20 | 8/14/20 |
| Liquidity Risk Management and Capital Requirements – Securities Firms | 7/31/20 | 8/14/20 |
| Management of Credit Risk Supervisory Process and Conducting Credit Risk Reviews | 7/8/2019 | 7/12/2019 |
| Financial stability – Monitoring and detection of systemic risks | 02/08/2021 | 02/21/2021 |
| Basel II/III (Pillar I) Implement Follow-Up Mission | 10/2/20 | 10/15/20 |
| Basel II/III (Pillar I) Implement Follow-Up Mission | 2/22/21 | 2/26/21 |
| Basel II/III (Pillar 1) Implementation Follow-Up Mission | 2/23/21 | 2/25/21 |
| Bank of Jamaica – To conduct Risk-Based Supervision | 4/14/21 | 4/19/21 |
| To Conduct Risk-Based Supervision | 4/14/21 | 4/19/21 |
| Consolidated Supervision of Insurance Groups | 4/19/21 | 4/28/21 |
| Systemic Risk Monitoring – Monitoring Detecting System Risks (FSR Writing) | 4/27/21 | 4/30/21 |
| Systemic Risk Monitoring – Monitoring Detecting System Risks (FSR Writing) | 4/28/21 | 5/07/21 |
| Strengthening Risk-Based Supervision BOJ | 3/15/21 | 3/19/21 |
| Description | Start Date | End Date |
|---|---|---|
| Macroeconomic Management | ||
| Financial Programming and Policies | 12/15/2020 | 12/18/2020 |
| Statistics | ||
| National Accounts – Review of Implementation of SNA 2008 Concepts and Methods | 10/12/20 | 11/3/20 |
| Financial Markets | ||
| Liquidity Risk Management and Capital Requirements – Securities Firms | 7/1/20 | 7/3/20 |
| Liquidity Risk Management and Capital Requirements – Securities Firms | 7/26/20 | 8/14/20 |
| Liquidity Risk Management and Capital Requirements – Securities Firms | 7/31/20 | 8/14/20 |
| Management of Credit Risk Supervisory Process and Conducting Credit Risk Reviews | 7/8/2019 | 7/12/2019 |
| Financial stability – Monitoring and detection of systemic risks | 02/08/2021 | 02/21/2021 |
| Basel II/III (Pillar I) Implement Follow-Up Mission | 10/2/20 | 10/15/20 |
| Basel II/III (Pillar I) Implement Follow-Up Mission | 2/22/21 | 2/26/21 |
| Basel II/III (Pillar 1) Implementation Follow-Up Mission | 2/23/21 | 2/25/21 |
| Bank of Jamaica – To conduct Risk-Based Supervision | 4/14/21 | 4/19/21 |
| To Conduct Risk-Based Supervision | 4/14/21 | 4/19/21 |
| Consolidated Supervision of Insurance Groups | 4/19/21 | 4/28/21 |
| Systemic Risk Monitoring – Monitoring Detecting System Risks (FSR Writing) | 4/27/21 | 4/30/21 |
| Systemic Risk Monitoring – Monitoring Detecting System Risks (FSR Writing) | 4/28/21 | 5/07/21 |
| Strengthening Risk-Based Supervision BOJ | 3/15/21 | 3/19/21 |
Collaboration with other International Financial Institutions
As of November 31, 2021, Jamaica has collaborations with The World Bank Group, Inter-American Development Bank, and Caribbean Development Bank.
Further information can be obtained from the following hyperlinks.
| International Financial Institution | Hyperlink |
|---|---|
| The World Bank Group | https://projects.worldbank.org/en/projects-operations/projects-summary?lang=en&countrycode_exact=JM |
| Inter-American Development Bank | https://www.iadb.org/en/countries/jamaica/projects-glance |
| Caribbean Development Bank | https://www.caribank.org/countries-and-members/borrowing-members/jamaica |
| International Financial Institution | Hyperlink |
|---|---|
| The World Bank Group | https://projects.worldbank.org/en/projects-operations/projects-summary?lang=en&countrycode_exact=JM |
| Inter-American Development Bank | https://www.iadb.org/en/countries/jamaica/projects-glance |
| Caribbean Development Bank | https://www.caribank.org/countries-and-members/borrowing-members/jamaica |
Statistical Issues
As of November 31, 2021
I. Assessment of Data Adequacy for Surveillance
General: Data provision has some shortcomings but is broadly adequate for surveillance. In early 2003, Jamaica started participating in the Fund’s General Data Dissemination System (GDDS), which provides participants with a framework for the development of the statistical system.
Key Websites for Statistics on Jamaica:
| Bank of Jamaica: http://www.boj.org.jm/ |
| Ministry of Finance and Planning: http://www.mof.gov.jm/ |
| Planning Institute of Jamaica: http://www.pioj.gov.jm/ |
| Statistical Institute of Jamaica: http://www.statinja.gov.jm/ |
| Bank of Jamaica: http://www.boj.org.jm/ |
| Ministry of Finance and Planning: http://www.mof.gov.jm/ |
| Planning Institute of Jamaica: http://www.pioj.gov.jm/ |
| Statistical Institute of Jamaica: http://www.statinja.gov.jm/ |
National Accounts: The Statistical Institute of Jamaica (STATIN) provides annual estimates of GDP by economic activity and by expenditure at current and constant 2007 prices, as well as quarterly current and constant estimates for GDP by economic activity. Progress with addressing data gaps, compiling the supply and use tables (SUT) and rebasing the GDP estimates to 2014 has been slow due to high staff turnover and the staff having to concentrate on producing the ongoing annual and quarterly GDP estimates. Assistance on national accounts methodology has been provided by Statistics Canada, STA, and CARTAC.
Price statistics: The CPI expenditure weights and item basket are based on the 2004/2005 household expenditure survey (HES) and therefore unlikely to be representative of current expenditure patterns. The 2020/21 HES is now underway, the results of which will be used to derive the expenditure weights for the rebased CPI and update the product group and outlet selection. Substantial progress has been made in the development of the export and import price indexes (XMPIs) by minimizing the reliance on volatile unit value indices from Customs. The STATIN compiles and disseminates the producer price index (PPI) on a monthly basis covering mining and manufacturing industries (base 2005 =100). There are plans to improve the scope of the PPI by covering other industries like electricity, gas, services, etc.
Government finance statistics: Budgetary central government operations and public debt data (with the exception of non-guaranteed debt by public entities) are updated on a monthly basis. Budgetary data also excludes the revenues and expenditures financed by Appropriations in Aid, and therefore provides an incomplete picture of budgetary central government revenue and expenditures. Also, data on operations of public entities outside the consolidated fund (which includes all public bodies that are fully financed through the state budget) are only available with lag of more than a month, making the assessment of the overall balance of the public sector challenging.
Government finance statistics are available at:
Debt: http://www.mof.gov.jm/dmu/
Budget: http://www.mof.gov.jm/programmes/em/fpmu/default.shtml
Monetary and financial statistics: The BOJ initiated the submission of monetary and financial statistics based on standardized report forms (SRFs) in March 2007. The BoJ’s monetary and financial statistics (MFS) generally conform to the concepts and definitions of the 2000 Monetary and Financial Statistics Manual (MFSM) and its Compilation Guide. However, there is room to improve the quality of data provided in the BoJ’s balance sheet. The BoJ does not yet compile and report data for the Other Financial Corporations sector, which holds a significant portion of the financial system’s assets. The BoJ does not currently report Financial Soundness Indicators (FSIs) to the Fund for dissemination on the Fund’s website. The BoJ needs to update their action plan related to compilation of FSIs.
Balance of Payments: The BOJ reports quarterly balance of payments (BOP) and international investment position (IIP) in the format of the sixth edition of the Balance of Payments and International Investment Position Manual (BPM6), and monthly International Reserves and Foreign Currency Liquidity data. In addition, the BOJ participates in the World Bank’s Quarterly External Debt Statistics (QEDS) database with data on Gross External Debt Position. The quality and dissemination of external sector statistics has significantly improved; however, there are shortcomings for direct investment data and the coverage of nonfinancial sector needs to be further improved. External debt data does not include intercompany debt.
II. Data Standards and Quality
Participant in the General Data Dissemination System (GDDS) since February 28, 2003. No data ROSC is available.
III. Reporting to STA (Optional)
No data on industrial production, wholesale or producer prices, import volumes, or export and import prices have been reported for publication in the International Financial Statistics (IFS) in recent years.
Detailed annual balance of payments and international investment position (IIP) data are reported by the BOJ for publication in the Balance of Payments Statistics Yearbook (BOPSY) and the IFS. In September 2007, Jamaica reported for the first time IIP data to STA; annual IIP data since 2005 are now available in BOPSY and IFS. Monthly data are reported for the balance sheet of the Bank of Jamaica and Other Depository Corporations with short lags.
Fiscal data for the budgetary central government, some extrabudgetary government units and the National Insurance Fund has historically been reported by the MOF for inclusion in the Government Finance Statistics Yearbook and Database, This data is being substantially revised and improved following the October 2017 STA GFS TA Mission.
Jamaica: Table of Common Indicators Required for Surveillance
(As of December 10, 2021)
Includes reserve assets pledged or otherwise encumbered, as well as net derivative positions.
Both market-based and officially-determined, including discount rates, money market rates, rates on treasury bills, notes and bonds.
Foreign, domestic bank, and domestic nonbank financing.
Selected public bodies are self-financed public entities.
Including currency and maturity composition.
Daily (D), Weekly (W), Monthly (M), Quarterly (Q), Annually (A), Irregular (I); Not Available (NA).
Jamaica: Table of Common Indicators Required for Surveillance
(As of December 10, 2021)
| Date of latest observation | Date received | Frequency of Data6 | Frequency of Reporting6 | Frequency of Publication6 | |
|---|---|---|---|---|---|
| Exchange Rates | 1/2022 | 1/2022 | D | D | D |
| International Reserve Assets and Reserve Liabilities of the Monetary Authorities1 | 09/2021 | 10/2021 | M | M | M |
| Reserve/Base Money | 09/2021 | 11/2021 | M | M | M |
| Broad Money | 09/2021 | 11/2021 | M | M | M |
| Central Bank Balance Sheet | 09/2021 | 11/2021 | M | M | M |
| Consolidated Balance Sheet of the Banking System | 09/2021 | 11/2021 | M | M | M |
| Interest Rates2 | 1/2022 | 1/2022 | D | D | D |
| Consumer Price Index | 11/2021 | 12/2021 | M | M | M |
| Revenue, Expenditure, Balance and Composition of Financing3–Selected Public Bodies4 | 10/2021 | 12/2021 | M | M | M |
| Revenue, Expenditure, Balance and Composition of Financing3–Central Government | 10/2021 | 12/2021 | M | M | M |
| Stocks of Central Government and Central Government-Guaranteed Debt5 | 10/2021 | 12/2021 | M | M | M |
| External Current Account Balance | Q2/2021 | 07/2021 | Q | Q | Q |
| Exports and Imports of Goods and Services | Q2/2021 | 07/2021 | M | M | M |
| GDP/GNP | Q2/2021 | 08/2021 | Q | Q | Q |
| Gross External Debt | 07/2021 | 08/2021 | M | M | M |
| International Investment Position | Q2/2021 | 08/2021 | Q | Q | Q |
Includes reserve assets pledged or otherwise encumbered, as well as net derivative positions.
Both market-based and officially-determined, including discount rates, money market rates, rates on treasury bills, notes and bonds.
Foreign, domestic bank, and domestic nonbank financing.
Selected public bodies are self-financed public entities.
Including currency and maturity composition.
Daily (D), Weekly (W), Monthly (M), Quarterly (Q), Annually (A), Irregular (I); Not Available (NA).
Jamaica: Table of Common Indicators Required for Surveillance
(As of December 10, 2021)
| Date of latest observation | Date received | Frequency of Data6 | Frequency of Reporting6 | Frequency of Publication6 | |
|---|---|---|---|---|---|
| Exchange Rates | 1/2022 | 1/2022 | D | D | D |
| International Reserve Assets and Reserve Liabilities of the Monetary Authorities1 | 09/2021 | 10/2021 | M | M | M |
| Reserve/Base Money | 09/2021 | 11/2021 | M | M | M |
| Broad Money | 09/2021 | 11/2021 | M | M | M |
| Central Bank Balance Sheet | 09/2021 | 11/2021 | M | M | M |
| Consolidated Balance Sheet of the Banking System | 09/2021 | 11/2021 | M | M | M |
| Interest Rates2 | 1/2022 | 1/2022 | D | D | D |
| Consumer Price Index | 11/2021 | 12/2021 | M | M | M |
| Revenue, Expenditure, Balance and Composition of Financing3–Selected Public Bodies4 | 10/2021 | 12/2021 | M | M | M |
| Revenue, Expenditure, Balance and Composition of Financing3–Central Government | 10/2021 | 12/2021 | M | M | M |
| Stocks of Central Government and Central Government-Guaranteed Debt5 | 10/2021 | 12/2021 | M | M | M |
| External Current Account Balance | Q2/2021 | 07/2021 | Q | Q | Q |
| Exports and Imports of Goods and Services | Q2/2021 | 07/2021 | M | M | M |
| GDP/GNP | Q2/2021 | 08/2021 | Q | Q | Q |
| Gross External Debt | 07/2021 | 08/2021 | M | M | M |
| International Investment Position | Q2/2021 | 08/2021 | Q | Q | Q |
Includes reserve assets pledged or otherwise encumbered, as well as net derivative positions.
Both market-based and officially-determined, including discount rates, money market rates, rates on treasury bills, notes and bonds.
Foreign, domestic bank, and domestic nonbank financing.
Selected public bodies are self-financed public entities.
Including currency and maturity composition.
Daily (D), Weekly (W), Monthly (M), Quarterly (Q), Annually (A), Irregular (I); Not Available (NA).