Western Hemisphere > Bolivia

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Ms. Kazuko Shirono, Esha Chhabra, Ms. Bidisha Das, Ms. Yingjie Fan, and Mr. Hector Carcel Villanova
The rapid uptake of mobile money in recent years has generated new data needs and growing interest in understanding its impact on broad money. This paper reviews mobile money trends using mobile money data from the Financial Access Survey (FAS) and examines the statistical treatment of mobile money under the IMF’s Monetary and Financial Statistics (MFS) framework. MFS guidance is straightforward in most cases, as many jurisdictions have adopted regulations which ensure that mobile money is captured in the banking system and thus in the calculation of broad money. However, in cases where mobile network operators (MNOs) act as niche financial intermediaries outside the banking regulatory perimeter and are allowed to invest their customer funds in sovereign securities and other permitted assets, mobile money liabilities may remain outside the banking system as well as monetary statistics. In that case, information on mobile money liabilities need to be collected directly from MNOs to account for mobile money as part of broad money.
International Monetary Fund
The Report on the Observance of Standards and Codes (ROSC) Data Module provides an assessment of Bolivia’s macroeconomic statistics against the recommendations of the General Data Dissemination System (GDDS). The report reveals that the quality of Bolivia’s macroeconomic statistics has improved over recent years. The statistics have been broadly adequate for macroeconomic analysis and policy design and monitoring. The authorities have demonstrated a commitment to pursue plans and programs to further improve their statistics.
International Monetary Fund
Honduras’s Report on the Observance of Standards and Codes highlights Data Module, response by the authorities, and detailed assessments using the data quality assessment framework. Meeting General Data Dissemination System (GDDS) recommendations will also require disseminating production indices. To follow GDDS recommendations and facilitate eventual subscription to the Special Data Dissemination Standard, it would be important that key agencies move in the future with plans for improvement. To participate in the GDDS, the authorities would need to appoint a GDDS coordinator and commit to follow GDDS recommendations for selected data.