Philippines: Technical Assistance Report-Monetary and Financial Statistics Mission

International Monetary Fund

No 2019/400, IMF Staff Country Reports from International Monetary Fund

Abstract: This Technical Assistance report focuses on Philippines’s monetary and financial statistics (MFS). In order to align the coverage of the other depository corporations survey to statistical standards, the mission recommended the inclusion of the money market unit investment trust funds in the survey. With the compilation of other financial corporation’s data, the Philippines is now able to produce intersectoral balance sheet approach (BSA). MFS with full coverage, together with quarterly international investment position and public debt statistics, are the building blocks for the BSA. The mission recommended a detailed action plan with the following priority recommendations carrying weight to make headway in improving MFS quality and completeness. The experience by BSP compilers on data reporting by Securities and Exchange Commission supervised corporations pointed to a need to enhance the Bangko Sentral ng Pilipinas’s (BSP) authority to collect data for statistical purposes, which has been addressed by BSP management. Details on the priority recommendations and the related actions/milestones can be found in the action plan under Detailed Technical Assessment and Recommendations.

Keywords: ISCR; CR; financial corporations; OFC survey; OFC compiler; money market UITFs; securities statistics; OFCS subsector; OFC sector; OFC assets; Nonbank financial institutions; Offshore financial centers; Business enterprises; Securities; Data collection (search for similar items in EconPapers)
Pages: 34
Date: 2019-12-30
New Economics Papers: this item is included in nep-acc and nep-sea
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=48927 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2019/400

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().