The African Development Bank (AfDB), as the premier developmental organization in the continent, supports its 54 regional member countries to reduce levels of poverty and boost economic and social progress. Reliable and timely data are vital not only for formulating the AfDB’s own strategies, and for monitoring the outcomes of its programs and projects, but also for all those who wish to ensure the continent’s future positive growth trajectory. This includes key policymakers in African countries, central banks and non-governmental organizations, subregional and regional organizations, UN agencies, multinational organizations, as well as external donors and investors.
AfDB continues its collaboration with the IMF with joint missions to Malawi and Ethiopia
09/25/2014
The Bank continued its collaboration with the IMF on the African Information Highway (AIH) by conducting joint missions to Malawi and Ethiopia. The objective of the missions was to streamline and improve the data reporting practices to the IMF using the AIH’s Open Data Platform (ODP). Among its functionalities, the ODP incorporates a Data Submission Tool (DST) that facilitates direct reporting of country data to the AfDB using common international standards, thereby ensuring harmonization and comparability.
In addition to the existing installation at the National Statistical offices of Malawi, the system will be installed at the Reserve Bank of Malawi and at the Ministry of Finance. Ethiopia is one of the few remaining countries that has not yet fully participated on the AIH. Plans are to have the system installed at the Statistical office, Central Bank and the Ministry of Finance.
With the completion of the Malawi and Ethiopia missions, sixteen countries have now been successfully trained on using the ODP for data submission to the IMF.
