Mr. Thomas F Alexander, Ms. Claudia H Dziobek, and Tadeusz Galeza
and it is applied, although not always to its full extent, in most countries, making the statistical concepts and the disseminated data globally comparable. To date, all OECD member countries and some emerging market economies disseminate sectoral accounts and balancesheetstatistics.
A useful feature of the SNA is that it allows for the development of satellite accounts , where the broad structure of the SNA is maintained but some of the conventions of the central framework may be relaxed. In this case, the definition of assets is relaxed to allow the scope of
Mr. Segismundo Fassler, Mr. Manik L. Shrestha, and Mr. Reimund Mink
sheets of the resident money-issuing sector vis-à-vis the resident money-holding sectors. 17 An initial set of source data available are the balance sheets of monetary financial institutions (MFI) from which monetary aggregates and the main counterparts to broad money are to be calculated. These balancesheetstatistics comprise often rather detailed breakdowns of various financial instruments, such as deposits, loans, and debt securities by maturity and counterpart sector. Based on these data, a from-whom-to-whom presentation of deposits and loans has already been
This Technical Assistance report on the Republic of Moldova constitute technical advice provided by the staff of the IMF to the authorities in response to their request for TA. The mission recommended that the National Bank of Moldova (NBM) play the lead role in the production of financial balance sheet statistics (FABS). Coordination of the activities of the agencies involved in the project is key to its success. In addition, the mission recommended that the NBM create a higher level group to act as a monitoring committee. The role of this group should be to ensure that the work of the interagency group is proceeding satisfactorily and on time, and to resolve any conceptual or practical issues that the technical group cannot agree on. It should meet at least twice a year, however, may need to meet more often in the earlier part of the project. The NBM agreed with the plan, which aims to compile and FABS publish annual and quarterly by March 2022. By March 2020, the NBM will generate sector annual financial balance sheet data for the 2015–2018 period using existing data. The report recommends organizing a seminar for compilers, the objective is to explain the goal of FABS, present the challenge and the methodology.
Summary of Mission Outcomes and Priority Recommendations
1. As part of the IMF’s Data for Decisions (D4D) Trust Fund Project, a technical assistance (TA) mission was conducted by John Joisce and Dario Florey, IMF Experts, during September 23–October 4, 2019, to help the authorities of the Republic of Moldova in developing sectoral financial accounts and financial balancesheetstatistics (FABS) . The mission was the follow up to the mission held in December 2018, and evaluated the progress made since the last mission against the objectives set out in the