IMF MFS Survey

IMF Monetary and Financial Statistics (MFS) Survey

Background

The Government of Mauritius has expressed interest to adhere to SDDS Plus, which is the third and highest tier of the IMF's data standards initiatives. In light of the preparation of Mauritius adherence to SDDS Plus, one of the requirements is to collect Monetary and Financial Statistics (MFS) from Other Financial Corporations (OFCs) which are under the purview of the Financial Services Commission (FSC) Mauritius. 

A mission from the IMF's Statistics department visited Mauritius between 19 March and 01 April 2014 and made recommendations to expand the coverage of monetary statistics. Accordingly, FSC Mauritius and Bank of Mauritius have set up a Joint Working Group (JWG) to look at what data are readily available.

The FSC Mauritius has already implemented the IMF MFS Survey among its licensees on a quarterly basis.  Although the BoM is the focal point for the conduct of the MFS Survey, FSC Mauritius is responsible for the collection and compilation of data for the whole financial services sector other than banking, including the Global Business sector, under its regulatory purview. Below are a few important aspects of the survey:

Definition

Monetary statistics cover the stock positions and flows of the assets and liabilities of the resident FC sector with respect to all other resident institutional sectors and non-residents.

Financial statistics (or flow-of-funds statistics) extend the range of monetary statistics to include stock positions and flows of the assets and liabilities between all sectors of the economy and between the sectors of the economy and non-residents. The financial statistics are organized and presented in formats designed to show financial flows among the sectors of an economy and corresponding financial asset and liability stock positions.

The monetary and financial statistics provide a framework for analyzing the relationship between the FCs sector and other institutional sectors, including through broad money, credit aggregates, and liquidity measures.

Link to the Guidance Notes:

Guidance Notes for IMF MFS Survey - GBCs