G20 Data Gaps Initiative should be extended, says final report
The International Monetary Fund and the Financial Stability Board have published their sixth progress report on the G20 Data Gaps Initiative (DGI), counting down to its conclusion at the end of 2021. This initiative has sought to address data gaps identified during the Global Financial Crisis of 2007-08, although the report notes that the Covid-19 pandemic has recently hampered implementation of some of the DGI’s reporting recommendations.
Notably, the report recognises that a new international cooperation initiative on data gaps will be needed after the DGI concludes. It identifies four possible priorities for it: (i) climate change; (ii) household distributional information; (iii) fintech and financial inclusion data; and (iv) access to private sources of data and administrative data, and data sharing. The next step will be to develop a detailed workplan for the new initiative.
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