The Financial Stability Board (FSB) and International Monetary Fund (IMF) have published their Sixth Progress Report – Countdown to December 2021 on the implementation of the Second Phase of the G20 Data Gaps Initiative (DGI-2). The report highlights significant progress in closing identified policy relevant data gaps during phases 1 and 2 of the Data Gaps Initiative, and the value of the initiative through the Covid pandemic in helping policymakers access key information to assess developments and risks in financial and non-financial sectors.
While some DGI-2 recommendations will not be completed by the end of 2021 and firms will continue to implement them, four data priorities that are likely to be covered by a new DGI are: climate change; household distributional information; fintech and financial inclusion data; and access to private sources of data and administrative data, and data sharing. A detailed workplan for the new initiative will be developed.
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