Colombia: Technical Assistance Report-Report on Sectoral Financial Accounts and Balance Sheets Technical Assistance Mission

November 15, 2018

Preview Citation

Format: Chicago

Colombia: Technical Assistance Report-Report on Sectoral Financial Accounts and Balance Sheets Technical Assistance Mission, (USA: International Monetary Fund, 2018) accessed November 22, 2024

Summary

Colombia is working towards compiling quarterly sectoral accounts and balance sheets to support domestic policymaking by gaining a much deeper understanding of the interrelationship between the real sector accounts and the financial accounts, and the vulnerabilities that may reside in specific sectors as sources for spillovers to other sectors. Sectoral accounts and balance sheets are critical to help detect systemic risks, vulnerabilities, and possible contagion from economic shocks. The authorities continued to acknowledge the additional benefit from work in this area as it moves towards subscription to the IMF’s Special Data Dissemination Standard Plus and continued accession negotiations with the Organization for Economic Co-operation and Development. The priority is first on establishing timely annual integrated estimates between the National Administrative Department of Statistics (DANE) and the BRC, followed by quarterly estimates.

Subject: Financial statements, Fiscal accounting and reporting, Public financial management (PFM)

Keywords: Accounts estimate, Accounts staff, Balancing issue, CR, Dane, Estimate, Financial accounts and balance sheets, Financial statements, Fiscal accounting and reporting, ISCR, Mission outcome, Priority recommendation, Sectoral account

Publication Details

Pages:

10
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/301
Stock No:

1COLEA2018005
ISBN:

9781484382165
ISSN:

1934-7685

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