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 System of Environmental Economic Accounting – Central Framework (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.