Archive:G20 Data Gaps Initiative (DGI) – background
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The G20 Data Gaps initiative is a set of 20 recommendations on the enhancement of economics and financial statistics. The programme was launched in order to improve the availability and comparability of economics and financial data, as the turmoil that hit the markets - when the financial crisis broke out in 2007-2008 - highlighted the need of broader datasets for policy makers and supervisors to better assess the evolution of the economy, as well as the intervention required.
In April 2009, the G20 Finance Ministers and Central Bank Governors called on the International Monetary fund (IMF) and the Financial Stability Board (FSB) to identify major financial and economic information gaps that needed to be filled. As a result, a few months later, in September, the IMF and the FSB presented the report that would launch the Data Gaps Initiative (DGI), along with a set of recommendations to be implemented in the years to come.
One of its leading initiatives is the Principal Global Indicators (PGI) website, which collects and disseminates comparable data for the G20 economies.
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