Reliable up-to-date data are an essential need
for managing economic policy, as they make it possible to examine economic
developments over time and by international comparison. In order for the data
on various countries to be comparable and consistent over time, the
international institutions, chiefly the International Monetary Fund, define and
develop methodologies for calculation, reporting, and detailed metadata.
The Bank of Israel Information and Statistics
Department fulfills in practical terms the central bank’s statistical reporting
requirements to international institutions. As such, the Department creates and
produces the various reports, remains constantly up-to- date on changes in
international standards, and adapts its statistical systems to changing
informational needs.
This paper presents the variety of reports that
the Bank of Israel sends to the international institutions directly and through
the Central Bureau of Statistics, and focuses on a number of the reports that
provide a significant and useful reporting framework.
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