FSB and the IMF update on G20 Data Gaps Initiative
Financial Stability Board (FSB) and the International Monetary Fund (IMF) have updated on the implementation of the second phase of the G20 Data Gaps Initiative (DGI-2).
Data gaps limit the ability of policymakers and market participants to assess financial stability risks and economic developments in a timely and accurate manner. Addressing these gaps has been an important priority for the G20 economies.
The joint update highlights that participating economies have made progress in closing identified data gaps. They have also advanced in promoting regular flow of timely and reliable statistics for policy use.
However, the FSB and the IMF have warned that challenges remain in fully implementing the DGI-2 recommendations by 2021. While substantial achievements have been made in promoting data sharing, continued efforts are still needed.
The full report will be submitted to G20 Finance Ministers and Central Bank Governors in mid-October 2019.
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