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International Monetary Fund

the international methodology and compatible with the operational requirements of the Fund. The paper concludes that, although the IMF provides extensive training and technical assistance in GFS methodology, progress has been slow in the countries of the former Soviet Union other than the Baltic countries. It identifies priority areas for the future development of GFS reporting systems for these countries.

International Monetary Fund
This paper reports on the further developments since 2013 in the implementation of the 2010 Board decision concerning Government Finance Statistics (GFS) to Strengthen Fiscal Analysis, and develops a path to continued improvement of fiscal data in the Fund. The Board decision approved (i) developing a staggered migration strategy, including tailored capacity development inside and outside the Fund taking into consideration country-specific and fiscal surveillance needs; (ii) encouraging staff to continue the effort to routinely assess financial balance sheets during surveillance; (iii) gradually expanding the coverage of fiscal data, taking into consideration country-specific circumstances and fiscal risk assessments; and (iv) reaffirming the support for the phased implementation of the GFS over the medium term.