Technical Assistance Reports
2024
November 8, 2024
South Africa: Technical Assistance Report-Report on the Compilation of Energy and Air Emissions Accounts Mission (June 10-14, 2024)
Description: A technical assistance (TA) mission was undertaken with the Statistics South Africa in Pretoria, between June 10–14, 2024. The objective of the mission was to support Statistics South Africa and other relevant official agencies in the compilation of energy and air emissions accounts. The tasks completed included the review of the scope and coverage of existing data sources and accounts, the identification of the new sets of information to be collected, and the review of the available methodological options for the compilation of the updated energy and air emissions accounts. An action plan for the compilation and release of the specified accounts and indicators was developed and agreed with the authorities.
November 8, 2024
Republic of Tajikistan: Technical Assistance Report-Public Investment Management Assessment with the Climate Module
Description: This report summarizes findings from a Public Investment Management Assessment (PIMA) and the Climate Module (C-PIMA) conducted for Tajikistan. The assessment evaluated the country's public investment management practices, including their climate sensitivity. Tajikistan performs well in certain areas but faces significant gaps in others. Parallel external and internally financed processes present recurring challenges across Tajikistan’s public investment management framework, limiting consistency and strategic alignment. Implementing a comprehensive framework for overseeing all projects, regardless of funding source, would significantly improve efficiency and climate responsiveness.
November 8, 2024
Colombia: Technical Assistance Report-Report of the Diagnostic Mission on Macro-relevant Climate Change Statistics (July 17–21, 2023)
Description: Colombia is deeply committed to climate change policies, as evidenced by Law N° 1931 (2018), which outlines actions to adapt to climate change and reduce greenhouse gas emissions, aiming to decrease the vulnerability of the population and ecosystems while promoting a sustainable, low-carbon economy. The National Statistical office of the country, Departamento Administrativo Nacional de Estadística (DANE), is dedicated to developing integrated environmental and economic data, and regularly compiles and disseminates selected accounts from the System of Environmental-Economic Accounting (SEEA). However, to effectively implement climate change mitigation and adaptation strategies, Colombia requires substantial amounts of granular, relevant, and reliable data for evidence-based planning. In this context, a mission took place from July 17-21, 2023, funded by the Swiss State Secretariat for Economic Affairs (SECO) and hosted by DANE. During this mission, discussions with authorities focused on key priorities, identifying feasible developments such as enhancements to existing SEEA energy and emissions flow accounts, mineral and energy asset accounts, and the establishment of domestic carbon footprints.
November 1, 2024
Colombia: Technical Assistance Report-Scoping Mission to Develop Macroeconomic Forecasting Capacity at the Autonomous Committee for the Fiscal Rule (CARF)
Description: In response to a request from the Ministry of Finance and the Central Bank, staff from the IMF´s Institute for Capacity Development (ICD) conducted diagnostic work and provided insights to enhance the Autonomous Committee for the Fiscal Rule (CARF)'s technical capacity. This report emphasizes a comprehensive action plan agreed with CARF to develop and institutionalize a new macroeconomic framework using ICD´s Comprehensive Adaptive Expectations Model, integrated with CARF's tools. Anticipated to boost CARF's ability in generating accurate macroeconomic projections and assessments, this macroeconomic framework supports Colombia's policy development and implementation. The plan includes a two-year timetable with virtual engagements and in-person missions, aiming to transfer knowledge and build capacity among CARF's economists.
November 1, 2024
Islamic Republic of Mauritania: Technical Assistance Report-Technical Assistance Project on Public Debt Projections and Analysis: Scoping Mission
Description: This document outlines the initiation and early stages of a Technical Assistance project designed to enhance the capacity of Mauritania's National Committee on Public Debt (CNDP) in the areas of public debt projection and analysis. Following a request from Mauritanian authorities, IMF ICD staff engaged in comprehensive virtual discussions with the CNDP's Technical Committee in September 2023. A subsequent mission to Nouakchott in January 2024 evaluated the existing capacity and resources at the CNDP for public debt projection and debt sustainability analysis. The IMF team proposed adopting the IMF’s Public Debt Dynamics Tool (DDT), customized for Mauritania's specific economic conditions. This recommendation aims to assist the CNDP in generating reliable medium-term debt projections and analyzing risk scenarios. These scenarios include the impact of natural disasters and explore fiscal adjustment strategies via the non-extractive primary balance to achieve targeted debt levels.
November 1, 2024
Vietnam: Technical Assistance Report-Financial Soundness Indicators Mission (April 3–7, 2023)
Description: The mission worked with officials of the Macroprudential Supervision Department (MSD) of the State Bank of Vietnam (CBS) to enhance the compilation and reporting of financial soundness indicators (FSIs) for deposit takers (DTs). The mission reviewed source data, prepared new spreadsheets, and implemented updated FSIs report forms in line with the 2019 FSIs Compilation Guide. The mission also discussed the potential for compiling FSIs for the rapidly growing insurance sector in Vietnam. Alongside these improvements, the SBV will be able to produce updated and improved FSIs for financial sector surveillance.
November 1, 2024
India: Technical Assistance Report-Review and Evaluation of the Reserve Bank of India’s Stress Test Model Framework
Description: This report summarizes the content and findings of a technical assistance (TA) mission that was reviewing and evaluating the Reserve Bank of India (RBI)’s stress test model suite. The RBI’s model suite was found to be strong and well developed in numerous respects. The most noteworthy recommendations pertain to credit risk, market risk, and macro-financial scenario design. A detailed list of recommendations spanning all areas was left with the RBI.
November 1, 2024
Grenada: Technical Assistance Report-Systemic Risk Monitoring
Description: The technical assistance aimed to enhance the capacity of the Grenada Authority for the Regulation of Financial Institutions (GARFIN) to monitor and assess systemic risk for non-bank financial institutions. The mission emphasized the need to clarify the macroprudential mandate and strengthen cooperation with the Eastern Caribbean Central Bank (ECCB) to effectively conduct macroprudential work. It suggested extending the existing Annual Report and Accounts to include key financial stability indicators and their assessments. Additionally, the mission highlighted the necessity of revising current reporting templates to better reflect systemic risk. The importance of a robust data management system was also underscored to facilitate advanced data queries and improve financial stability analysis. Enhanced staff capacity, particularly in macro-financial analysis and quantitative skills, was recommended to support these efforts. Regular communication of key financial stability risks through various channels, including GARFIN’s website and social media, was also advised to ensure transparency and stakeholder engagement.
November 1, 2024
Republic of Armenia: Technical Assistance Report-Corporate Income Tax Gap Prediction 2023 Based on Corporate Income Tax Returns
Description: This report presents estimates of predictions of the Corporate Income Tax (CIT) gap for Armenia for 2023. The predicted CIT Gap is based on not-yet audited tax returns. The CIT gap is predicted to be 25.5 to 34.1 percent of potential CIT liability in 2023.
November 1, 2024
Jamaica: Technical Assistance Report-Systemic Risk Monitoring
Description: The technical assistance mission aimed to build capacity to enhance financial stability analyses and assessments at the Bank of Jamaica (BOJ). It reviewed the latest available Financial Stability Report (FSR) and the analytical toolkit. In particular, the mission assisted the BOJ in estimating sectoral credit risk models to enhance the forward-looking element of its financial stability assessment. The mission explained the Bayesian Model Averaging (BMA) approach and provided initial estimates for five sectoral credit risk models, including mortgages to households, personal loans, corporate loans for tourism, corporate loans for construction, and other corporate loans. Additionally, the mission covered topics such as financial stability indicators, credit risk, stress testing, insurance and pension balance sheets, climate risk, interconnectedness, and contagion risk. Several recommendations were provided, covering the FSR, methodological work on the financial stability analytical toolkit, internal and external communication, and data sources and their management. The mission concluded that financial stability should be regarded as equally important as monetary policy and supervision. It emphasized the need for a detailed production plan for the FSR, a comprehensive communication strategy, and the organization of all data in a single data warehouse to support the financial stability analytical toolkit. The mission also highlighted the importance of improving non-bank analyses and regularly reporting on emerging risks, such as climate and cyber risks.