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International Monetary Fund. Western Hemisphere Dept.

may have led to some seasonality bias. The main area for improvement of the CPI is its treatment of Housing, both for renters and owners. Further, the CPI survey does not collect data for actual housing rents, and therefore the actua l rentals index is based on simple extrapolation of old estimates. In addition, there is no component for owner-occupied housing, which makes up a considerable part of the housing market in Aruba. Government Finance Statistics : Government finance statistics are prepared and published on a regular basis, but not directly reported

International Monetary Fund. Statistics Dept.

Abstract

Analysis and Plans, presents an assessment of 1997 survey data and a summary of improvements introduced, as a result of countries' participation in the 1997 Coordinated Portfolio Investment Survey, into national systems for collecting data on international (cross-border) portfolio investment The chapter reviews developments that occurred in international financial markets in the 1980s and 1990s, and the Godeaux Report assessment and recommendations about global data on international portfolio investment flows and stocks. The objectives set for the 1997 survey, the scope of survey results, and the process by which results have been assessed in the chapter. Since publication of the Godeaux Report, substantial expansion and evolution have occurred in exchange and over-the-counter markets for financial derivatives covering a range of financial risks. These markets now have the capacity, in effect, to change the currencies, maturities, and marketability of the financial instruments underlying associated derivative contracts. It is recommended that vigorous efforts should be made to secure the participation of more major investing countries in order to address the under-reporting of global portfolio investment assets and to confirm the reliability of the global data on portfolio investment liabilities.

International Monetary Fund. Statistics Dept.

annual international investment position (IIP) statements. (Annual CPI surveys could become parts of IIP statements or serve as benchmarks for the portfolio investment component of the statements). The probable effects, on the 2001 CPIS and subsequent surveys, of the previously discussed developments, changes, and requirements are considered in section V of the text (the 2001 cpis), and relevant decisions made, in October 1999, by the IMF Committee on Balance of Payments Statistics are outlined. 3 The committee decided to conduct a CPIS for the reference date

International Monetary Fund. African Dept.

on the transition of National Accounts to SNA 2008. 4 . The CPI basket was revised in 2010. The WAEMU commission, supported by AFRISTAT and the BCEAO, launched a revision of the harmonized CPI basket in the region in 2008. The reform included expanding CPI surveys, and updating the weights of various sub-components to reflect consumption habits. In line with WAEMU directives the INSEED is constructing a consumer price index with national coverage. The collection of the first observations started in January 2015. External Sector Statistics 5 . Balance of

International Monetary Fund. African Dept.

, supported by AFRISTAT and the BCEAO, launched a revision of the harmonized CPI basket in the region in 2008. The reform included expanding CPI surveys, and updating the weights of various sub-components to reflect consumption habits. In line with WAEMU directives the INSEED is constructing a consumer price index with national coverage. The collection of the first observations started in January 2015, and the index will be published in January 2016 when the first 12 month variation becomes available. External sector statistics 5. Balance of payments statistics and

International Monetary Fund

subject to CPI survey in mid-2004. 2/ Defined as Liberian currency outside banks plus demand, time, and savings deposits in Liberian and U.S. dollars. 1 Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the Executive Board. At