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A technical assistance (TA) mission on external sector statistics (ESS) was conducted in The Valley, Anguilla, during March 27–31, 2017. This was the first mission to Anguilla carried out as part of the Caribbean Regional Technical Assistance Centre (CARTAC) work program on external sector statistics (ESS) and in response to requests from the Anguilla Statistics Department (ASD) of Anguilla’s Ministry of Finance, Economic Development, Commerce, Tourism, Land & Physical Planning (MFED).1 The purpose of the mission was to assist the ASD in strengthening the compilation and dissemination of ESS. This is intended to facilitate a robust assessment of external sector developments and policy impact. Reliable ESS are essential for informed economic policy-making by the authorities.

Exports and Imports --- Statistics --- Data Collection and Data Estimation Methodology --- Computer Programs: Other --- Retail and Wholesale Trade --- e-Commerce --- Trade: General --- Econometrics & economic statistics --- International economics --- External sector statistics --- Trade in goods --- Service exports --- Economic and financial statistics --- International trade --- Economic statistics --- Balance of trade --- Exports --- Anguilla, United Kingdom --- E-Commerce

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This paper examines the linkages between key macroeconomic statistics: external debt, balance of payments, government finance, and monetary statistics, which enable analysts and policy makers to monitor economic developments. The paper reviews statistical compilation issues and concludes that, while considerable progress has been made in recent years to account for external debt and related flows, further progress must be made. It makes recommendations, such as improved communication among compilers of related statistics, that may help compilers to achieve greater consistency between statistics concerned and thereby enhancing their usefulness for analysts and policy makers. The need for increased resources to develop statistical systems is also recognized.

Arrears --- Balance of payments statistics --- Balance of payments --- Computer Programs: Other --- Current Account Adjustment --- Data Collection and Data Estimation Methodology --- Debt Management --- Debt --- Debts, External --- Econometrics & economic statistics --- Economic and financial statistics --- Economic statistics --- Exports and Imports --- External debt --- External sector statistics --- Finance --- Government finance statistics --- International economics --- International Investment --- International Lending and Debt Problems --- Long-term Capital Movements --- Short-term Capital Movements --- Sovereign Debt --- Statistics --- United States

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The economy is growing strongly on account of improving domestic demand and robust exports. Fiscal policy has been supportive of the recovery and the authorities’ medium-term fiscal objective is appropriate, but fiscal framework legislation that would anchor policy is yet to be approved. The central bank’s use of an exchange rate floor as an additional instrument to achieve its inflation objective, in the context of the inflation- targeting framework, has helped stem deflationary pressures, but inflation is still well below target. The financial system is sound and resilient to shocks. The challenge for the authorities is to safeguard macroeconomic stability and create conditions for strong and sustainable growth. Policy recommendations. • Fiscal policy. Maintain a supportive fiscal stance this year, but embark on a modest and very gradual fiscal consolidation thereafter, consistent with the medium-term deficit objective. Embed this objective in a comprehensive framework to enhance its effectiveness in anchoring fiscal policy. Improve budget composition, with higher capital spending to address infrastructure needs offset by efficiency gains in current expenditure and improved revenue administration. • Monetary policy. Continue to focus on inflation targeting in policymaking and communication, and maintain supportive monetary conditions until deflation risks recede and inflation expectations become entrenched around the inflation target. Consider carefully the timing and mechanics of the eventual normalization of monetary policy. • Financial sector. Remain vigilant and be ready to address possible risks to financial stability. • Structural reforms. Remove impediments to higher potential growth, including through policies to increase labor market participation of certain segments of the population, enhance investment in human and physical capital, and improve the business climate.

Monetary policy --- Fiscal policy --- Structural adjustment (Economic policy) --- Economic policy --- Tax policy --- Taxation --- Finance, Public --- Monetary management --- Currency boards --- Money supply --- Government policy --- Foreign Exchange --- Inflation --- Macroeconomics --- Public Finance --- Statistics --- Data Collection and Data Estimation Methodology --- Computer Programs: Other --- National Government Expenditures and Related Policies: General --- Price Level --- Deflation --- Fiscal Policy --- Econometrics & economic statistics --- Currency --- Foreign exchange --- Public finance & taxation --- Banking --- Monetary economics --- Exchange rates --- External sector statistics --- Expenditure --- Fiscal stance --- Prices --- Economic and financial statistics --- Economic statistics --- Expenditures, Public --- Czech Republic

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At the request of the National Statistics and Census Institute (INDEC), a technical assistance mission on external sector statistics (ESS) visited Buenos Aires during April 17–28, 2017. This was a follow up to the November 2016 mission that evaluated the ESS methodology, information sources, and dissemination policy and made recommendations to improve quality, adapt the production of ESS to the methodology provided by the Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6), and support the quarterly compilation and dissemination of the International Investment Position (IIP) in accordance with the Special Data Dissemination Standards (SDDS). The mission reviewed the implementation status of the tasks identified in the action plan prepared by the November 2016 mission; assisted compilers in preparing quarterly ESS in accordance with BPM6 guidelines for the next quarterly publication; and provided practical advice on the methodology to be used.

Argentina --- Economic conditions. --- Exports and Imports --- Macroeconomics --- Statistics --- Data Collection and Data Estimation Methodology --- Computer Programs: Other --- International Investment --- Long-term Capital Movements --- Financing Policy --- Financial Risk and Risk Management --- Capital and Ownership Structure --- Value of Firms --- Goodwill --- International Lending and Debt Problems --- International economics --- Econometrics & economic statistics --- External sector statistics --- Foreign assets --- International investment position --- Private debt --- External debt --- Economic and financial statistics --- External position --- National accounts --- Economic statistics --- Investments, Foreign --- Debt --- Debts, External

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At the request of the Republic of Uzbekistan authorities for technical assistance (TA) on external sector statistics (ESS), and with the support of the Middle East and Central Asia Department (MCD) of the International Monetary Fund (IMF), a mission from the IMF Statistics Department (STA) visited Tashkent from November 20 through December 1, 2017. This was the first TA mission on ESS since the Republic of Uzbekistan Presidential Order of September 12, 2017, “On Measures to Ensure the Accessibility and Openness of Economic and Financial Data for the Republic of Uzbekistan” was issued.

Uzbekistan --- Economic conditions. --- Exports and Imports --- Macroeconomics --- Statistics --- Databases --- Data Collection and Data Estimation Methodology --- Computer Programs: Other --- Computer Programs: General --- Trade: General --- Aggregate Factor Income Distribution --- International Investment --- Long-term Capital Movements --- Econometrics & economic statistics --- International economics --- Data capture & analysis --- External sector statistics --- Data collection --- Imports --- Income --- International investment position --- Economic and financial statistics --- International trade --- National accounts --- External position --- Economic statistics --- Investments, Foreign --- Uzbekistan, Republic of