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International Monetary Fund
This report focuses on the Monetary Statistics Component of the Regional Data Module Report on the Observance of Standards and Codes for the Eastern Caribbean Central Bank (ECCB). The report reveals that with respect to the prerequisites of quality and assurances of integrity, the legislation broadly supports mandatory data reporting and the confidentiality of the reported data. However, the ECCB’s responsibility for compiling and disseminating monetary statistics to the public is not clearly specified in the law. Regarding resources, the number of staff allocated to the compilation of monetary statistics is inadequate.
International Monetary Fund

external data users. The Bank would undertake periodic surveys of users of the monetary data. Other quality management Quality monitoring and data review need to be strengthened to ensure more comprehensive review of data prior to their dissemination. Training and a system for the review of all the macro economic accounts would serve to strengthen the quality of the data. 1. Assurances of integrity Transparency The terms and conditions under which monetary statistics are collected, compiled, and disseminated are not publicly available

International Monetary Fund

. Prerequisites of quality 0.1 Legal and institutional environment LO Legislation does not clearly establish the BON’s obligation to disseminate statistics. 0.2 Resources O 0.3 Relevance O 0.4 Other quality management LO Quality monitoring and data review need to be strengthened. 1. Assurances of integrity 1.1 Professionalism O 1.2 Transparency LO Policy regarding internal governmental access to data prior to their publication is not publicized. 1.3 Ethical standards O 2. Methodological

International Monetary Fund

’s responsibility for compiling and disseminating monetary statistics to the public is not clearly specified. 0.2 Resources LO The number of staff is currently inadequate for the compilation of monetary statistics. 0.3 Relevance LO Structured and periodic procedure of consultations with external data users is not in place. 0.4 Other quality management LO Quality monitoring and data review need to be strengthened prior to the dissemination of final statistical aggregates. 1. Assurances of integrity 1.1 Professionalism O 1

International Monetary Fund
This report on the Observance of Standards and Codes (ROSC) data module provides an assessment of Namibia’s monetary statistics against the recommendations of the General Data Dissemination System complemented by an assessment of data quality based on the IMF’s Data Quality Assessment Framework. Based on the review of Namibia’s statistical practices, the mission provided a set of recommendations designed to increase further Namibia’s adherence to internationally accepted statistical practices. These recommendations, in the mission’s view, would also enhance the analytical usefulness of Namibia’s monetary statistics.
International Monetary Fund

Legislation does not clearly establish the BON’s obligation to disseminate statistics to the public. 0.2 Resources x 0.3 Relevance x 0.4 Other quality management x Quality monitoring and data review need to be strengthened. 1. Assurances of integrity 1.1 Professionalism x 1.2 Transparency x Policy regarding internal governmental access to data prior to their publication is not publicized. 1.3 Ethical standards x 2. Methodological soundness 2

International Monetary Fund

is currently not adequate for the compilation of monetary statistics. 0.3 Relevance X Structured and periodic procedure of consultation with external data users is not in place. 0.4 Other quality management X Quality monitoring and data review need to be strengthened prior to the dissemination of final statistical aggregates. 1. Assurances of integrity 1.1 Professionalism X 1.2 Transparency X The terms and conditions under which monetary statistics are collected, compiled, and