Database and Development Indicators

Strengthening and Collection of Financial and Monetary Statistics in Selected Developing Member Countries

In view of the recent financial crisis, there is an increasing need not only for accurate, timely, and relevant statistics but also for more frequently available, easily accessible and diversified statistical information. The emerging need covers additional monetary, financial and banking statistics, many of which are not presently available on a regular basis and are not traditionally covered by the activities of many statistical offices of developing member countries (DMCs).

The main objective of the project is to strengthen the institutional capacity of central banks of selected DMCs for generating monetary and financial statistics. Specifically, the project aims to improve the quality, availability (to countries, the Bank and other organizations), coverage, timeliness and methodology for monetary and financial statistics.

The project covers all crisis-affected countries, namely Indonesia, Korea, Malaysia, Philippines and Thailand as well as Bangladesh, India and Pakistan. Hong Kong, China, Singapore and Taipei, China are invited to participate in this project on their own expenses.

This technical assistance will strengthen the capability of central banks of these selected DMCs to produce additional and diversified monetary and financial statistics as well as to improve the timeliness and reporting system to the Bank through electronic media. At the same time, the knowledge gap of participating countries in the methodology for producing the above additional statistics/indicators accurately would be bridged through training, workshop/seminar or consultancy.

Outputs of the project are posted in the Macroprudential Indicators section.