estimates of the nonobserved economy); and statistics techniques (estimates of production from nonobserved activities were based on limited labor-input data and productivity assumption; estimates of expenditure components relied on unusually weak assumptions, were not cross checked against other data sources, and were based on a limited benchmark).
26. The 2008 STATAproject that followed the Data ROSC prepared a long-term strategic plan for the development of the Albanian system of national accounts.
Improvements have been made in a number of key data sources (the
This evaluation of technical assistance (TA) and training in statistics looks at the experience of two transition economies, Albania and Georgia, during roughly the period 2005–2010. The TA, including the training, to these countries covered all the topical areas on which the IMF’s Statistics Department’s (STA) focuses, i.e., national accounts, price statistics, and monetary, balance of payments and government finance statistics, albeit with differing emphases between the two countries. Part of the assistance was funded directly from the IMF’s budget, while other elements (in particular the peripatetic advisors) were financed externally, in these cases by the Japanese government.
methodological improvements remain to be implemented. There is room to increase the State Statistics Committee of Ukraine’s independence from the government in its ability to improve data accuracy through flexible revisions for the annual NA and the QNA. Starting from 2011, Ukraine is one of the beneficiaries of the STATAproject on Capacity Building for Sustainable Compilation of Real Sector Statistics in Eastern Europe. As part of this project, officials of the State Statistics Service (SSS) participated in three workshops on national accounts/price statistics. In
methodological improvements remain to be implemented. Seasonally adjusted data are not disseminated on a quarterly basis. Government regulations regarding revisions policy restrain the State Statistics Committee of Ukraine’s ability to improve data accuracy through flexible revisions for the annual NA and the QNA. Starting from 2011, Ukraine is one of the beneficiaries of the STATAproject on Capacity Building for Sustainable Compilation of Real Sector Statistics in Eastern Europe , which entails two/three missions per year on national accounts and price statistics, as well
dissemination and outreach. The consultation with users showed that international organizations and private sector users were not fully aware of progress related to STATAprojects and had received insufficient contact from the statistical compilers. Users gave useful input on improving dissemination formats, but also showed that they would benefit from greater explanation of the nature of the statistics and the improvements being undertaken. The mission concluded that many negative responses could have been avoided by better communication on the part of statisticians
This paper discusses Bhutan’s Technical Assistance Evaluation report. Participation in the statistical projects financed by the Japanese government in national accounts, prices, government finance, and balance-of-payments statistics is having a major effect on Bhutan’s statistical development. The statistical compilers were well informed about the donor as the source of funding. The method of combining regional workshops and multiple missions was considered to be particularly suitable. Cross-sectoral data consistency and coordination are increasingly recognized as important. Computerized accounting systems for the budgetary central government have been introduced, namely the Multi-Year Rolling Budget and the Public Expenditure Management System.
Following the 2008/9 financial crisis and deep recession, a cyclical recovery took hold in Ukraine, supported by a stronger external environment. Efforts to consolidate public finances and repair the banking system began strengthening Ukraine’s resilience to external shocks. More recently, policies have not been sufficient to meet key objectives, and the government has hesitated to undertake politically unpopular reforms. The external environment has become less supportive, and the recovery is losing momentum.
This paper discusses Ukraine’s 2013 Article IV Consultation and First Post-Program Monitoring. The Ukrainian economy has been in recession since mid-2012, and the outlook remains challenging. In January–September 2013, GDP contracted by 1¼ percent year-over-year, reflecting lower demand for Ukrainian exports and falling investments. Consumer prices stayed flat, held down by decreasing food prices and tight monetary policy. The fiscal stance loosened in 2012–2013, contributing to the buildup of vulnerabilities. Ukraine remains current on all its payments to the IMF, and the authorities have reaffirmed their commitment to repay all outstanding IMF credit.