Arab Monetary Fund discusses the importance of external debt statistics
19/12/2017 12:00 AM
[rtl] ABU DHABI -
The "Foreign Debt Statistics" organized by the Institute for Economic Policy in the Arab Monetary Fund in cooperation with the International Monetary Fund (IMF) Center for Economics and Finance in the Middle East, was held in Abu Dhabi on December 17-21
"The organization of this course is intended to contribute to the preparation of the official Arab cadres to develop their competencies through the adoption of systematic methods to understand the modern statistical terminology in order to be able to collect accurate data," the statement quoted the Director General of the Board, Abdul Rahman bin Abdullah Al-Humaidi, as saying. , And transparent.
The course discusses several topics such as external debt statistics, regional economic statistics, institutional units, sectors and residence, classification of financial assets and liabilities, the correlation of external debt statistics with public sector debt, and compilation of
external debt statistics .
He added, "The importance of statistics and accurate data for the design, implementation and monitoring of economic policies and their impact on various economic and social variables is not unknown to you." The correct and synchronized data and statistics with economic events highlight indicators of the course and behavior of the economy and thus help policy makers to formulate measures aimed at improving and developing Economic performance ".
"This consensus has been reinforced, especially after the emergence of global financial crises in recent years and the accompanying factors," he said, adding that "this will contribute to improving confidence levels in these data." High levels of debt in many countries. "
"The reasons for external debt are mostly due to current account deficits due to weak export capacity and deficits in government finances that may force governments to borrow from abroad, especially in the absence of other capital inflows to finance current account deficits.[/rtl]