The International Monetary Fund has established the Special Data Dissemination Standard (SDDS)to guide countries that have, or that might seek, access to international capital markets in the dissemination of economic and financial data to the public. Latvia subscribed to and posted its first data in the SDDS in 1997.
Data of all 9 categories of the financial and external sectors that the Bank of Latvia is in charge of are published here:
- Analytical accounts of the banking system
- Analytical accounts of the Bank of Latvia
- Interest rates
- International reserves
- International reserves and foreign currency liquidity
- Latvia's balance of payments
- International investment position
- External debt
- Exchange rates
Information is compiled in line with the IMF SDDS requirements regarding data coverage, frequency and timeliness.
Data are published in accordance with the SDDS data release calendar on the websites of both the Bank of Latvia and the IMF's Dissemination Standards Bulletin Board (http://dsbb.imf.org).
Metadata for Latvia and other countries are available on the IMF website.
Latvia's data for all four sectors of the economy (external, fiscal, financial and real sectors) comprising 18 data categories are published on the SDDS National Data website.
IMF financial soundness indicators (FSIs)
Information on financial soundness indicators as per International Monetary Fund (IMF) requirements, compiled by the Bank of Latvia and Financial and Capital Market Commission is published here.
The IMF Executive Board has consistently underscored the importance of FSIs in addressing financial sector soundness, facilitating financial sector surveillance, increasing the transparency and stability of financial systems, and strengthening market discipline.
A list of 40 FSIs was approved by the IMF Executive Board: 25 for the sector of deposit takers (of which 12 are core FSIs), and 15 other, including financial corporations (2 indicators); non-financial corporations (5 indicators); households (2 indicators); market liquidity (2 indicators); and real estate markets (4 indicators).
The list of FSIs and the methodology of their compilation were subjected to a first review following a pilot exercise - the Coordinated Compilation Exercise for FSIs (CCE) - in which 62 countries participated. The concepts and definitions, and sources and techniques for the compilation of FSIs are set out in the Financial Soundness Indicators: Compilation Guide (FSI Guide) and its Amendments, which were made based on the results of the CCE.
In line with IMF Executive Board guidance, a framework for regular collection of FSIs from IMF member countries and dissemination of FSIs to the public has been developed and implemented.
Until 2010, Latvia compiled and reported to the IMF all core FSIs as well as encouraged FSIs for Deposit Takers (DTs) and real estate markets on an annual basis.
Currently, Latvia compiles all core FSIs and encouraged FSIs for Deposit Takers (DTs) and reports them to the IMF on a quarterly basis.
Metadata for Latvia as well as the indicators and metadata for other countries are available on the IMF website.