FSB and IMF announce completion of the G20 Initiative to close Data Gaps identified in the Global Financial Crisis

FSB and IMF announce completion of the G20 Initiative to close Data Gaps identified in the Global Financial Crisis Press release 9 June 2022 FSB and IMF announce completion of the G20 Initiative to close Data Gaps identified in the Global Financial Crisis The Financial Stability Board (FSB) and International Monetary Fund (IMF) today published a report to mark the completion of the second phase of. [...] The report finds that significant progress has been made in addressing data gaps identified during the global financial crisis of 2007-08 through the two phases of the Data Gaps Initiative, including in the development of conceptual frameworks, and improvements in data coverage, timeliness, and periodicity. [...] Building on the close collaboration among the participating economies and international organizations, the peer pressure mechanism, and explicit support from the G20, policy makers now have a better understanding of the risks and vulnerabilities their economies face. [...] The IMF staff, in close cooperation with the FSB and the Inter-Agency Group on Economic and Financial Statistics, and in consultation with participating economies, have developed a high-level workplan for the new initiative. [...] The member agencies of the Inter-Agency Group on Economic and Financial Statistics (IAG) are the Bank for International Settlements, European Central Bank, Eurostat, IMF (Chair), Organisation for Economic Co-operation and Development, the United Nations and the World Bank.