Zimbabwe: Technical Assistance Report—Financial Soundness Indicators Statistics Mission

International Monetary Fund

No 2023/353, IMF Staff Country Reports from International Monetary Fund

Abstract: This Technical Assistance report on Zimbabwe presents summary and recommendations of financial soundness indicators (FSI) statistics mission. The mission worked with RBZ staff to complete the new FSI metadata (FSM) and institutional coverage (FSIC) templates for Zimbabwe, which will provide additional information to the data users to support macroprudential analysis. The mission confirmed availability of quarterly data for compiling FSIs for insurance companies and pension funds. The mission noted that the Reserve Bank of Zimbabwe (RBZ) staff responsible for compiling FSIs have sufficient technical capacity to compile FSIs but requires further training to support implementation of the 2019 FSIs Guide. The RBZ should report the data using the new Financial Soundness Indicators: Standard Reports forms as well as the metadata and institutional coverage using FSM, and FSIC respectively, by end September 2023. RBZ will update the remaining periods on source data as agreed during the mission. This involves updating the income statements, balance sheet data and supervisory and memorandum series for the remaining periods using the bridge table developed during the mission. In order to support progress in the compilation of FSIs in line with the 2019 FSIs Guide and the dissemination of the data, the mission has prepared a detailed action plan.

Keywords: Financial Soundness Indicators (FSIs); IMF’s 2019 FSIs Compilation Guide; Technical assistance (TA); FSI data Review; staff team of the International Monetary Fund; FSI data migration; residency concept; RBZ management; RBZ staff; RBZ regulation; Financial soundness indicators; Financial statements; Income; Pension spending; Loans (search for similar items in EconPapers)
Pages: 27
Date: 2023-10-19
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