On 11 October 2019, the Financial Stability Board (FSB) and International Monetary Fund (IMF) jointly published the fourth progress report on the implementation of the second phase of the G20 data gaps initiative (DGI-2).
The report provides an overview of the progress made since September 2018 in addressing the issue of post-crisis data gaps and highlights the challenges that remain in implementing the DGI-2 recommendations until the final deadline of 2021.
Key observations in the report include:
- additional progress has been made in closing the identified data gaps and promoting regular flow of timely and reliable statistics for policy use. Overall improvements were seen in coverage and timeliness of securities statistics, derivatives data, sectoral accounts, international investment position, international banking statistics, and government finance statistics; and
- while substantial achievements have been made in promoting data sharing, continued efforts are needed to enhance data sharing practices within and across economies. Retaining high-level political support is essential in overcoming these remaining challenges.
The FSB and IMF will report back to the G20 finance ministers and central bank governors in the second half of 2020.