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Mr. Andrew Baer, Mr. Kwangwon Lee, and James Tebrake
Digitalization and the innovative use of digital technologies is changing the way we work, learn, communicate, buy and sell products. One emerging digital technology of growing importance is cloud computing. More and more businesses, governments and households are purchasing hardware and software services from a small number of large cloud computing providers. This change is having an impact on how macroeconomic data are compiled and how they are interpreted by users. Specifically, this is changing the information and communication technology (ICT) investment pattern from one where ICT investment was diversified across many industries to a more concentrated investment pattern. Additionally, this is having an impact on cross-border flows of commercial services since the cloud service provider does not need to be located in the same economic territory as the purchaser of cloud services. This paper will outline some of the methodological and compilation challenges facing statisticians and analysts, provide some tools that can be used to overcome these challenges and highlight some of the implications these changes are having on the way users of national accounts data look at investment and trade in commercial services.
Mr. Andrew Baer, Mr. Kwangwon Lee, and James Tebrake

more suited for the traditional IT service delivery model described above. It is less suited for the emerging cloud model use to deliver IT services. To properly account for cloud computing, there are three areas where NSOs may want to invest to ensure their national accounts are “cloud” ready. First, NSOs and International Organizations (IOs) will need to invest in updating classification systems to ensure cloud computing services are property identified in national accounts. Second, NSOs and IOs will need to develop new data sources to ensure the activity is

International Monetary Fund. Office of Budget and Planning

Reviews. FY 21 is also marked by ongoing modernization efforts and transition . The budget takes into account the Comprehensive Compensation and Benefits Review and accommodates large transitional costs for reforms to the Fund’s HR and information technology service delivery models, as well as large business modernization projects. The proposed capital budget covers these modernization efforts, as well as facilities-related needs. An update to the Capital Investment Framework is proposed to recalibrate governance and procedures in line with the changing landscape for

International Monetary Fund. African Dept.

Plan in 2020. Additionally, an Internship and Apprenticeship Framework and Policy, as well as the Labor Market Information System will be further developed to address labor market information gaps and help bridge the skills mismatch. 18. The authorities plan to improve the operational efficiencies of State-Owned Enterprises (SOEs). Given the strategic role of SOEs in the economy, the authorities plan to re-examine their role, enhance their efficiency, rationalize and align them with the new government service delivery model and the transformation agenda. A special

International Monetary Fund. Asia and Pacific Dept

electronic funds transfer. The PFM roadmap that resulted from the PEFA assessment highlights improved cash management among the key reforms to be implemented. The authorities are also committed to improving the quality of expenditure and improving the rate of project execution. PNG’s ‘ Vision 2050 ’ document highlights the focus on a new service delivery model to ensure that spending yields tangible development outcomes. The authorities continue to embed a multi-year budgeting framework, along with sector-led budgeting that gives priority to projects and activities with

International Monetary Fund. Office of Budget and Planning
On April 27, 2020, the Executive Board of the International Monetary Fund (IMF) approved the IMF’s administrative and capital budgets for financial year (FY) 2021, beginning May 1, 2020, and took note of indicative budgets for FY 2022–23.