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International Monetary Fund. Monetary and Capital Markets Department
This virtual technical assistance (TA) mission supported the Agency in strengthening certain elements of its risk based supervisory framework. The mission focused on assisting the Agency with its development of internal supervisory methodologies for assessing a bank’s ICAAP, and for setting individual Pillar 2 supervisory capital requirements. The mission provided recommendations and targeted training. The priorities for the next TA missions were discussed with the Agency (strengthening banking supervision and cybersecurity, and diagnostic TA of insurance sector supervision will be considered). The mission benefited from simultaneous translation.
International Monetary Fund. Statistics Dept.

process documentation . Recommendation : The authorities should use the list of recommendations with status to track progress on important tasks. C. TA Provided 7. The mission provided TA to improve annual and quarterly GDP estimates mainly for financial services indirectly measured (FISIM) and for insurance . For FISIM, currently Bhutan follows the 1993 System of National Accounts ( 1993 SNA ) standard for measuring output: property income earned less interest paid. The new 2008 SNA calls for measuring FISIM output using a reference rate

International Monetary Fund. Statistics Dept.

COVID-19 expenditure report on the DoFA website December 2021 M 2020 Priority recommendation: Compile and disseminate PS debt data in the World Bank PSDS template for publication This will be discussed and agreed between DRD and DOFA, about the agency and official’s responsible for compilation and the dissemination. May 2021 Outcome : Business process documentation for compilation and dissemination of macroeconomic and financial statistics is stored, accessed, and regularly updated. M FMIS team to compile a guideline explaining how to

International Monetary Fund. Statistics Dept.
This Technical Assistance Report discusses the findings and recommendations made the IMF mission to assist the Bhutanese authorities in improving estimates of annual GDP, and in developing methods for compiling quarterly GDP estimates. The mission found that the National Statistics Bureau (NSB) is engaged in a range of projects to improve Bhutan’s national accounts statistics. Updated annual GDP statistics signal an improvement in data quality, which should enhance policymakers’ ability to formulate and operationalize evidence-based decisions. Significant improvements to Bhutan’s national accounts statistics can be achieved using a three-step process. The NSB should also keep in mind the need to incorporate methodological and conceptual/definitional revisions during the benchmarking and rebasing process.
International Monetary Fund. Statistics Dept.

, serviceability and/or metadata. Outcome Verifiable Indicators Comments Business processes documentation for compilation and dissemination of macroeconomic and financial statistics is stored, accessed and regularly updated. Adequate business processes documentation exists, is well stored, accessible, and regularly updated to enable the compiling/disseminating statistical agency to sustain good statistical practices. Postponed until new GFS compilation process for budgetary central government from primary data is finalized (data provision

International Monetary Fund. Monetary and Capital Markets Department

Sector Overview III. Pillar 2 Implementation A. Enhancing the Agency’s Supervisory Review and Evaluation Process B. Assessment of a Bank’s Internal Capital Adequacy Assessment Process C. Setting Individual Pillar 2 Supervisory Capital Requirements Table 1. Key Recommendations Appendices I. September 2020 Technical Assistance Recommendations II. Structure of the Banking Sector January 1, 2021 III. Supervisory Issues for Consideration of Receipt of Internal Capital Adequacy Assessment Process Documentation Glossary Agency Agency

International Monetary Fund. Statistics Dept.
This technical assistance report on Malaysia explains the effort by the mission to support the Malaysian authorities in improving Government Finance Statistics (GFS) decision making. The mission achieved significant progress with respect to the development of a budgetary central GFS compilation system based on primary accrual accounting data. The mission, together with the authorities, successfully developed a compilation sheet to facilitate the largely automated compilation of a comprehensive set of GFS tables from the system. With respect to flows reported in the income statement, the analysis suggests that it is essential to build the survey around the balancing items (net) operative income and (net) comprehensive income. The analysis of the corporate balance sheets suggests that most accounting terms used by the public corporations can be grouped sensibly and linked to GFS classifications. With respect to the extrabudgetary units of central government, the mission proposed minor refinements of the survey and prepared preliminary GFS data.
International Monetary Fund. Statistics Dept.

business process documentation . Detailed procedural guidelines would allow compilers to refresh and better understand the entire GFS and PSDS processes and would mitigate the risk of an eventual transition to new staff. The mission reviewed the existing documentation and recommended to amend it and update it by incorporating guidelines to compile and disseminate PSDS. This will be crucial to sustain ongoing operations for the compilation and dissemination of GFS and PSDS. Table 1 summarizes the priority recommendations. The action plan is included at the end of this