Abstract
ST. LUCIA
Title Page
ST. LUCIA
STAFF REPORT FOR THE 2022 ARTICLE IV CONSULTATION—INFORMATIONAL ANNEX
July 8, 2022
Prepared By
Western Hemisphere Department (in consultation with other departments and the Caribbean Regional Technical Assistance Center, CARTAC)
Contents
FUND RELATIONS
RELATIONS WITH OTHER INTERNATIONAL FINANCIAL INSTITUTIONS
STATISTICAL APPENDIX
Fund Relations
(As of May 31,2022)
| Membership Status: | Joined: November 15, 1979; Article VIII | |
| General Resources Account: | SDR Million | Percent of Quota |
| Quota | 21.40 | 100.00 |
| Fund holdings of currency | 19.87 | 92.85 |
| Reserve Tranche Position | 1.53 | 7.16 |
| SDR Department: | SDR Million | Percent of Allocation |
| Net cumulative allocation | 35.08 | 100.00 |
| Holdings | 23.45 | 68.86 |
| Outstanding Purchases and Loans: | SDR Million | Percent of Quota |
| RCF Loans | 21.40 | 100.00 |
| Latest Financial Arrangements: | ||
| Outright Loans | ||
| Membership Status: | Joined: November 15, 1979; Article VIII | |
| General Resources Account: | SDR Million | Percent of Quota |
| Quota | 21.40 | 100.00 |
| Fund holdings of currency | 19.87 | 92.85 |
| Reserve Tranche Position | 1.53 | 7.16 |
| SDR Department: | SDR Million | Percent of Allocation |
| Net cumulative allocation | 35.08 | 100.00 |
| Holdings | 23.45 | 68.86 |
| Outstanding Purchases and Loans: | SDR Million | Percent of Quota |
| RCF Loans | 21.40 | 100.00 |
| Latest Financial Arrangements: | ||
| Outright Loans | ||
| Date of Commitment | Date of Drawn/Expired | Amount approved (SDR million) | Amount approved (SDR million) | |
| RCF | April 28,2020 | April 30,2020 | 21.40 | 21.40 |
| Date of Commitment | Date of Drawn/Expired | Amount approved (SDR million) | Amount approved (SDR million) | |
| RCF | April 28,2020 | April 30,2020 | 21.40 | 21.40 |
Overdue Obligations and Projected Payments to the Fund1/
When a member has overdue financial obligations outstanding for more than three months, the amount of such arrears will be shown in this section.
| (SDR Million; based on existing use of resources and present holdings of SDRs) | |||||
| Forthcoming | |||||
| 2022 | 2023 | 2024 | 2025 | 2026 | |
| Principal | 2.14 | 4.28 | |||
| Charges/Interest | 0.04 | 0.07 | 0.07 | 0.07 | 0.07 |
| Total | 0.04 | 0.07 | 0.07 | 2.21 | 4.35 |
When a member has overdue financial obligations outstanding for more than three months, the amount of such arrears will be shown in this section.
| (SDR Million; based on existing use of resources and present holdings of SDRs) | |||||
| Forthcoming | |||||
| 2022 | 2023 | 2024 | 2025 | 2026 | |
| Principal | 2.14 | 4.28 | |||
| Charges/Interest | 0.04 | 0.07 | 0.07 | 0.07 | 0.07 |
| Total | 0.04 | 0.07 | 0.07 | 2.21 | 4.35 |
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 Post-Catastrophe Debt Relief (PCDR): Not Applicable
Exchange Rate Assessment: The de jure exchange rate arrangement is a currency board. St. Lucia participates in a currency union with seven other members of the ECCU and has no separate legal tender. The Eastern Caribbean dollar is pegged to the U.S. dollar under a currency board arrangement at EC$2.70 per U.S. dollar. St. Lucia has accepted the obligations of Article VIII, Sections 2(a), 3 and 4, and maintains an exchange system that is free of restrictions on the making of payments and transfers for current international transactions.
Safeguards Assessment: Under the Fund’s safeguards policy, the Eastern Caribbean Central Bank (ECCB) is subject to a full safeguards assessment on a four-year cycle. An update assessment was completed in August 2021 and found that the ECCB has maintained strong external audit and financial reporting practices that continue to be aligned with international standards, and further improvements in the capacity of the internal audit function. Legal reforms were recommended to further strengthen operational autonomy of the ECCB and align its Agreement Act with leading practices. The issuance of digital currency (DCash) introduces new risks that require additional controls and oversight, and the assessment made recommendations to enhance the related project-governance framework.
Article IV Consultation: The last Article IV consultation was concluded by the Executive Board on February 7, 2019. St. Lucia is on a 12-month cycle.
Technical Assistance: St. Lucia has received substantial technical assistance from the Caribbean Region Technical Assistance Center (CARTAC) and the IMF. Technical assistance missions focused on macroeconomic programming and analysis, reforms of the revenue administration, public financial management, real and external sector statistics and the financial sector.
Macroeconomic Programming and Analysis
February 2022 (ICD and CARTAC): Provide ECCU member countries with a customized workshop on public debt dynamics
October 2021 (ICD and CARTAC): Fiscal Frameworks Course (offered to all CARTAC countries)
September 2019 (ICD and CARTAC): Provide ECCU member countries with a customized workshop on public debt dynamics
September 2019 (CARTAC): Provide ECCU customized DSA/FP course
July 2019 (CARTAC): Provide Macroeconomics Diagnostics Course (offered to all CARTAC countries)
May/June 2019 (CARTAC): A workshop on the MAC DSA framework
April 2016 (CARTAC): Updating the Macro Framework and drafting the medium-term fiscal framework
National Accounts
February 2022 (CARTAC): Support for development of estimates of Gross Domestic Product expenditure components
January-February 2020 (CARTAC): Follow up mission of national statistics; Compile rebased GDP estimates and update of the SUT benchmark estimates
September 2017, September 2018 and February 2019, October 2019 (CARTAC): Assist with compiling the supply and use tables (SUT) for 2016 and improve national accounts estimates
September 2016 (CARTAC): Develop the compilation system to produce quarterly GDP by economic activity estimates and to improve the annual GDP estimates.
September 2015 (CARTAC): Expand & improve the national accounts, including producing SUT and rebasing the GDP estimates.
External Sector Statistics
January 2022 (CARTAC): Size and evolution of net errors and omissions
March 2021 (CARTAC): Data collection continuity in the context of the COVID 19 pandemic.
January 2020 (CARTAC): Assist backcasting BOP data for 2000–2013, addressing methodological changes reflected in the 2014–18 following the BPM6.
April 2019 (CARTAC): Strengthen source data for the balance of payments and IIP.
September 2018 (CARTAC): Dealing with nonresponse and improving the compilation of trade in goods statistics
March 2018 (CARTAC): Strengthening the compilation of the recently revised balance of payments and new international investment position (IIP) statistics.
October 2016 (CARTAC): Reviewing preliminary BPM6-based Balance of Payments and new IIP Statistics for dissemination.
March 2016 (CARTAC): Assessing sources data for the compilation of Balance of Payments and
IIP Statistics according to the BPM6.
Tax Reforms and Revenue Administration
March 2022 (CARTAC): Developing Performance Targets and KPI in Customs
November 2021 (FAD and CARTAC Revenue administration): Provide a Tax Administration Diagnostic Assessment Tool’ (TADAT) diagnostic
October 2021 (CARTAC): Developing Performance Targets and KPI in Customs
September 2021 (FAD and CARTAC Revenue administration): Provide a virtual TADAT Training course
July 2021 (CARTAC): Review of dispute resolutions framework at the Inland Revenue Department
December 2020- May 2021 (LEG and CARTAC): Support the Inland Revenue Department in drafting a Tax Administration and Procedures Act (TAPA) to apply to all major domestic taxes and to make consequential amendments to existing tax acts
November 2020 (CARTAC): Provide a virtual training to build audit and assessment capacity, focusing on strengthening non-filers program
July- Aug. 2020 (CARTAC): Compliance Management Strategy Plan for the Tourism and Hospital sector at the Inland Revenue Department (IRD).
May 2020 (CARTAC): Review the existing IRD’s business processes and IT and prepare a new business model with processes.
May-September 2020 (CARTAC): Supporting implementation of new tax administration information technology system
November 2019 (CARTAC) Strengthening HQ Capacity: Program Development
November 2019 (CARTAC): Regional seminar in Developing Trusted Trader and Authorized Economic Operator Programs.
September 2019 (CARTAC): Regional workshop, Tax Audit Training
July 2019 (CARTAC): IT Support – Implementation of ICT System
July 2019 (CARTAC): Strengthening Audit Capacity and Audit Program
June 2019 (CARTAC): Regional seminar in Disaster Preparedness Planning for Tax and Customs.
June 2019 (CARTAC Tax Administration): Strengthening HQ functions
May& November 2018 (CARTAC): Regional Tax Audit Training
October 2018 (CARTAC): Building HQ & Audit Capacity
June 2018 (CARTAC): Audit Effective Management
June 2018 (CARTAC): Strengthening IRD IT Business Processes & Control
FY 2018/19 (CARTAC): Provide training on extracting data from the ASYCUDA system
October & November 2017 (CARTAC): Building Technical Capacity in VAT Legislation
June & November 2017 (CARTAC): Building and enhancing HQ capacity, data gathering, analysis, and program reporting
March 17, October 2016 (CARTAC): Developing a Compliance Risk Management Strategy.
November 2016: Strengthening Performance Management-establishing KPI
November 2016: IT Support-(via Peer-to-Peer Technical Assistance (TA) Attachment)
October 2016: Data Analytics
September 2016 (CARTAC): Developing a Taxpayer Service Strategy.
June 2016 (CARTAC): Building Audit Capacity
June 2016 (CARTAC): Strengthen the Post Clearance Audit Function.
Expenditure Rationalization and PFM Reforms
April 2022 (CARTAC): A Roadmap for Treasury Reform
January 2022 (CARTAC): Establishing a Centralized Internal Audit Function
July-August 2021 (CARTAC): Strengthening Budget Planning and Preparation
April 2018 (CARTAC): PFM Action Plan
September 2017 (CARTAC): Budget Workshop with MoFand all Ministries
July 2017 (CARTAC): PEFA Assessment
June 2017 (CARTAC): PEFA Workshop
January 2016 (CARTAC): Diagnostic Assessment of Internal Audit.
Financial Sector
February 2022 (CARTAC): Implement Risk-based supervision (RBS) across credit unions and insurance companies
November 2020 (CARTAC): Provide follow-up TAs to enhance Financial Services Regulatory Authority (FSRA)’s capacity to implement Risk-based supervision (RBS) across credit unions and insurance companies
FY18-FY20 (CARTAC): Regional Workshops on the supervision of Credit Unions and Insurance companies, consolidated supervision, risk-based supervision, and on other topical or emerging issues such as cyber risk, and FinTech.
October 2019 (CARTAC): Implementation of Risk-based supervision across non-bank financial institutions
October 2019 (CARTAC): Develop the Stress Testing Framework for the Credit Union Sector.
February 2020 (MCM): Contingency Planning for Crisis Preparedness and Management
September 2018 (CARTAC): Review & analyze Life and General Insurance Actuarial Valuation reports.
June 2018 (CARTAC): Stress Testing the Insurance Sector (joint mission for four ECCU countries).
September 2017 (CARTAC): Developing Financial Health and Stability Indicators for the Insurance Sector (joint mission for four ECCU countries).
April 2016 (CARTAC): Basel II Implementation.
February 2016 (CARTAC): Basel II Implementation.
FSAP: A joint IMF/World Bank team performed an assessment of the financial sector of the member states of the ECCU, in two missions—September 1–19 and October 20–31, 2003. The missions assisted the authorities in assessing the development needs and opportunities for the financial sector, identifying potential vulnerabilities of financial institutions and markets to macroeconomic shocks, as well as assessing risks to macroeconomic stability from weaknesses in the financial sector. The Financial System Stability Assessment (FSSA) was discussed by the Executive Board on May 5, 2004, and subsequently published on the IMF’s external website, including the Report on the Observance of Standards and Codes (ROSC) on Banking Supervision.
Debt Management
August 2021 (CARTAC): Fiscal Financing Gaps and Debt Management (joint seminar for the ECCB and ECCU countries)
June 2021 (CARTAC): Debt Management strategy and Annual Borrowing Plan (joint workshop for the ECCB and ECCU countries)
January 2020: Preparation of an Annual Borrowing Plan
October 2019: Developing the Regional Government Securities Market (joint mission for the ECCB and ECCU countries)
Relations with Other International Financial Institutions
World Bank: WBG Finances – Country Details – St. Lucia (worldbank.org)
Caribbean Development Bank: https://www.caribank.org/countries-and-members/borrowing-members/saint-lucia
Statistical Appendix
ST. LUCIA — STATISTICAL ISSUES APPENDIX
(As of [June 15, 2022])
ST. LUCIA — STATISTICAL ISSUES APPENDIX
(As of [June 15, 2022])
| 1. Assessment of Data Adequacy for Surveillance | |
| General: Data provision has some shortcomings but is broadly adequate for surveillance. The statistical database compares well and, in some areas, has a broader coverage than those of its Eastern Caribbean Central Union (ECCU) peers. However, the accuracy and timeliness of macroeconomic statistics could enhance for more effective economic analysis and policy formulation. In particular, national account and balance of payment data could improve its coverage, frequency, and timeliness, and the public sector data beyond the budgetary central government remains limited. | |
| National Accounts: Nominal GDP data are compiled using the production and expenditure approaches on an annual basis. Real GDP data are compiled only using the production approach. GDP data are rebased with constant 2018 price estimates was published in 2020. Preliminary GDP is available about four months after the end of the year and estimates are usually finalized with a two-year lag. Quarterly GDP estimates by the expenditure approaches were developed and first released in 2017 with technical assistance from CARTAC and is published at a quarterly basis with a lag. |
|
| Price Statistics: The rebasing exercise of the CPI has been completed—the new CPI basket (base January 2018) is based on the 2016 Household Expenditure Survey. | |
| Government Finance Statistics: Reporting of budgetary central government data has improved over the last few years, but deficiencies remain in the compilation of both general government and public sector statistics. The authorities report monthly data on the budgetary central government’s current revenue and expenditure, using a non GFSM2014 presentation with lags of a couple of months. The authorities would thus benefit from moving to a complete GFSM framework for the compilation of Government Finance Statistics. Additionally, frequent and substantial revisions suggest that there is a need for further refinement, including improvements to accounting systems for capital expenditures to record outlays associated with grant-financed projects as they are realized. Data for the rest of the public sector (financial and nonfinancial public corporations) are not readily available and should be compiled on a regular basis to improve fiscal monitoring of the overall public sector. | |
| Monetary and Financial Statistics: Monetary data are compiled by the ECCB on a monthly basis and reported regularly to the Fund. Specifically, on St. Lucia, the institutional coverage of other depository corporations is incomplete, and valuation of interest-bearing assets and liabilities does not incorporate accrued interest. Also, source data for the commercial banks do not provide disaggregated information recommended by the Monetary and Financial Statistics Manual (ECCB is currently working on this issue). | |
| Financial sector surveillance: The ECCB reports quarterly FSIs for St. Lucia covering commercial banks. | |
| External sector statistics: Since 2017, the ECCB and the NSOs including the Central Statistics Office (CSO) of St. Lucia have been jointly disseminating annual balance of payments and international investment position (IIP) statistics for each of ECCU member economies and the ECCU region following the BPM6 guidelines. Data for 2014 onwards are available on the ECCB’s website. CARTAC continues assisting ECCU member’s countries in strengthening the compilation framework of the ESS and dissemination of statistics mainly through enhancing the coverage, methodology and the quality of prioritized balance of payments components with the incorporation of a wider variety of data sources to supplement business surveys, which response rates are not satisfactory yet. The CSO accesses to relevant tax information from the Inland Revenue Department. Travel credits estimates are based on up-to-date visitor expenditure surveys carried out by the St. Lucia Tourist Board. Trade in goods data have been revised in the balance of payments by applying the recommended general trade system for the compilation of the international merchandise trade statistics. CARTAC TA to ECCB and CSO currently assist in back casting the balance of payments for years prior 2014 addressing relevant breaks. The Debt Management Office (DMO) of the Ministry of Finance compiles granular public sector external debt (external debt owed by central government and by public corporations that is guaranteed by the government) and publicly guaranteed private sector external debt statistics that St. Lucia reports to the World Bank’s Quarterly External Debt Statistics (QEDS) database. Data on external debt of the non-bank private sector are not available. |
|
| II. Data Standards and Quality | |
| St. Lucia is a participant in the enhanced General Data Dissemination System (e-GDDS since September 2000 but has not yet launched a National Summary Data Page (NSDP). | |
ST. LUCIA — STATISTICAL ISSUES APPENDIX
(As of [June 15, 2022])
| 1. Assessment of Data Adequacy for Surveillance | |
| General: Data provision has some shortcomings but is broadly adequate for surveillance. The statistical database compares well and, in some areas, has a broader coverage than those of its Eastern Caribbean Central Union (ECCU) peers. However, the accuracy and timeliness of macroeconomic statistics could enhance for more effective economic analysis and policy formulation. In particular, national account and balance of payment data could improve its coverage, frequency, and timeliness, and the public sector data beyond the budgetary central government remains limited. | |
| National Accounts: Nominal GDP data are compiled using the production and expenditure approaches on an annual basis. Real GDP data are compiled only using the production approach. GDP data are rebased with constant 2018 price estimates was published in 2020. Preliminary GDP is available about four months after the end of the year and estimates are usually finalized with a two-year lag. Quarterly GDP estimates by the expenditure approaches were developed and first released in 2017 with technical assistance from CARTAC and is published at a quarterly basis with a lag. |
|
| Price Statistics: The rebasing exercise of the CPI has been completed—the new CPI basket (base January 2018) is based on the 2016 Household Expenditure Survey. | |
| Government Finance Statistics: Reporting of budgetary central government data has improved over the last few years, but deficiencies remain in the compilation of both general government and public sector statistics. The authorities report monthly data on the budgetary central government’s current revenue and expenditure, using a non GFSM2014 presentation with lags of a couple of months. The authorities would thus benefit from moving to a complete GFSM framework for the compilation of Government Finance Statistics. Additionally, frequent and substantial revisions suggest that there is a need for further refinement, including improvements to accounting systems for capital expenditures to record outlays associated with grant-financed projects as they are realized. Data for the rest of the public sector (financial and nonfinancial public corporations) are not readily available and should be compiled on a regular basis to improve fiscal monitoring of the overall public sector. | |
| Monetary and Financial Statistics: Monetary data are compiled by the ECCB on a monthly basis and reported regularly to the Fund. Specifically, on St. Lucia, the institutional coverage of other depository corporations is incomplete, and valuation of interest-bearing assets and liabilities does not incorporate accrued interest. Also, source data for the commercial banks do not provide disaggregated information recommended by the Monetary and Financial Statistics Manual (ECCB is currently working on this issue). | |
| Financial sector surveillance: The ECCB reports quarterly FSIs for St. Lucia covering commercial banks. | |
| External sector statistics: Since 2017, the ECCB and the NSOs including the Central Statistics Office (CSO) of St. Lucia have been jointly disseminating annual balance of payments and international investment position (IIP) statistics for each of ECCU member economies and the ECCU region following the BPM6 guidelines. Data for 2014 onwards are available on the ECCB’s website. CARTAC continues assisting ECCU member’s countries in strengthening the compilation framework of the ESS and dissemination of statistics mainly through enhancing the coverage, methodology and the quality of prioritized balance of payments components with the incorporation of a wider variety of data sources to supplement business surveys, which response rates are not satisfactory yet. The CSO accesses to relevant tax information from the Inland Revenue Department. Travel credits estimates are based on up-to-date visitor expenditure surveys carried out by the St. Lucia Tourist Board. Trade in goods data have been revised in the balance of payments by applying the recommended general trade system for the compilation of the international merchandise trade statistics. CARTAC TA to ECCB and CSO currently assist in back casting the balance of payments for years prior 2014 addressing relevant breaks. The Debt Management Office (DMO) of the Ministry of Finance compiles granular public sector external debt (external debt owed by central government and by public corporations that is guaranteed by the government) and publicly guaranteed private sector external debt statistics that St. Lucia reports to the World Bank’s Quarterly External Debt Statistics (QEDS) database. Data on external debt of the non-bank private sector are not available. |
|
| II. Data Standards and Quality | |
| St. Lucia is a participant in the enhanced General Data Dissemination System (e-GDDS since September 2000 but has not yet launched a National Summary Data Page (NSDP). | |
St. Lucia: Table of Common Indicators Required for Surveillance
(As of June 15, 2022)
Any reserve assets that are pledged or otherwise encumbered should be specified separately. Also, data should com prise 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 bank, and domestic nonbank financing.
The general government consists of the central government, state and local governments.
Including currency and maturity composition.
Includes external gross financial asset and liability positions vis-a-vis nonresidents.
Daily (D); weekly (W); monthly (M); half-yearly (H); quarterly (Q); annually (A); irregular (I); and not available (NA).
St. Lucia: Table of Common Indicators Required for Surveillance
(As of June 15, 2022)
| Date of latest observation | Date received | Frequency of Data7 | Frequency of Reporting7 | Frequency of Publication7 | |
| Exchange Rates | Fixed rate | NA | NA | NA | NA |
| International Reserve Assets and Reserve Liabilities of the Monetary Authorities1 | 02/2022 | 04/2022 | M | M | M |
| Reserve/Base Money | 02/2022 | 04/2022 | M | M | M |
| Broad Money | 02/2022 | 04/2022 | M | M | M |
| Central Bank Balance Sheet | 02/2022 | 04/2022 | M | M | M |
| Consolidated Balance Sheet of the Banking System | 02/2022 | 04/2022 | M | M | M |
| Interest Rates2 | 02/2022 | 04/2022 | M | M | M |
| Consumer Price Index | 03/2022 | 05/2022 | 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 | 03/2022 | 05/2022 | M | M | M |
| Stocks of Central Government and Central Government-Guaranteed Debt5 | Q1/2022 | 05/2022 | Q | H | H |
| External Current Account Balance | 2020 | 04/2022 | A | A | A |
| Exports and Imports of Goods and Services | 2020 | 04/2022 | A | A | A |
| GDP/GNP | Q4/2021 | 05/2022 | Q | A | A |
| Gross External Debt | NA | NA | NA | NA | NA |
| International Investment Position6 | 2020 | 04/2022 | A | A | A |
Any reserve assets that are pledged or otherwise encumbered should be specified separately. Also, data should com prise 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 bank, and domestic nonbank financing.
The general government consists of the central government, state and local governments.
Including currency and maturity composition.
Includes external gross financial asset and liability positions vis-a-vis nonresidents.
Daily (D); weekly (W); monthly (M); half-yearly (H); quarterly (Q); annually (A); irregular (I); and not available (NA).
St. Lucia: Table of Common Indicators Required for Surveillance
(As of June 15, 2022)
| Date of latest observation | Date received | Frequency of Data7 | Frequency of Reporting7 | Frequency of Publication7 | |
| Exchange Rates | Fixed rate | NA | NA | NA | NA |
| International Reserve Assets and Reserve Liabilities of the Monetary Authorities1 | 02/2022 | 04/2022 | M | M | M |
| Reserve/Base Money | 02/2022 | 04/2022 | M | M | M |
| Broad Money | 02/2022 | 04/2022 | M | M | M |
| Central Bank Balance Sheet | 02/2022 | 04/2022 | M | M | M |
| Consolidated Balance Sheet of the Banking System | 02/2022 | 04/2022 | M | M | M |
| Interest Rates2 | 02/2022 | 04/2022 | M | M | M |
| Consumer Price Index | 03/2022 | 05/2022 | 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 | 03/2022 | 05/2022 | M | M | M |
| Stocks of Central Government and Central Government-Guaranteed Debt5 | Q1/2022 | 05/2022 | Q | H | H |
| External Current Account Balance | 2020 | 04/2022 | A | A | A |
| Exports and Imports of Goods and Services | 2020 | 04/2022 | A | A | A |
| GDP/GNP | Q4/2021 | 05/2022 | Q | A | A |
| Gross External Debt | NA | NA | NA | NA | NA |
| International Investment Position6 | 2020 | 04/2022 | A | A | A |
Any reserve assets that are pledged or otherwise encumbered should be specified separately. Also, data should com prise 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 bank, and domestic nonbank financing.
The general government consists of the central government, state and local governments.
Including currency and maturity composition.
Includes external gross financial asset and liability positions vis-a-vis nonresidents.
Daily (D); weekly (W); monthly (M); half-yearly (H); quarterly (Q); annually (A); irregular (I); and not available (NA).