BoA approves document regulating publications of statistics
Bank of Albania has approved a document that will regulate the standards of drafting and publication of financial statistics.
Code of Statistics Practices at the Bank of Albania for the first time defines that statistics will be published not only according to a six-month calendar, but also with a precise timetable.
According to the Code, the statistics should be published within 10:00 of the date specified in the calendar.
Financial Statistics Department of the Bank of Albania will report the statistics to the World Bank, International Monetary Fund, Eurostat and the European Central Bank, which will enable all these institutions to have updated information on the Albanian financial statistics.
In addition to use for analytical needs of these institutions, this will enable a statistical comparative information with other countries for the reported indicators
The code provides statistical exchanges with INSTAT and the Financial Supervisory Authority, based on specific Memoranda of Understanding.
Publication practices will be based on the principle of equality of access, but, however, individual actors will be entitled to an early privileged view of statistics.
These include the Governor of the Bank of Albania and structures engaged in the formulation of monetary policy.
Outside the Bank of Albania, privileged access to information can be given to the Ministry of Finance, with the authorization of the Governor, and in cases when it is deemed necessary to take rapid actions.
SCAN
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