IMF publishes the First Progress Report on the Third Phase of the G20 Data Gaps Initiative (DGI-3)
The First Progress Report of the third Phase of the G20 Data Gaps Initiative (DGI-3) was published by the International Monetary Fund (IMF) in October 2023. It was prepared by IMF in collaboration with the Inter-Agency Group on Economic and Financial Statistics (IAG) and the Financial Stability Board (FSB). The report provides an overview of the governance structure of the DGI-3, the progress of work on the implementation of the third phase of the G20 Data Gaps Initiative (DGI-3), and the way forward.
The DGI-3 focuses on four main topics: Climate change, Household distributional information, Fintech and financial Inclusion, and Access to private and administrative data and data sharing. A set of 14 recommendations have been agreed by the Finance Ministers and Central Bank Governors of the G20 and participating economies.
Several modules of the (SEEA) support the implementation of the DGI- 3, in particular Air Emission Accounts for Recommendation 1; Energy Accounts for Recommendation 2; Climate-impacting subsidies for recommendation 6; and Climate Change Mitigation and Adaptation Expenditures for Recommendation 7.
Several thematic workshops are being organized in 2024 to support the initiative.