EFTA partners up with UNECE, Eurostat, IMF, ECB and Statistics Netherlands to host the Financial Accounts Workshop for international audience

Published 11-10-2023

Financial accounts are important to both states and institutions. They cover all claims, debts, entitlements and liabilities in the economy, whether in the form of cash, deposits, loans, securities or equities. They reveal how various economic sectors allocate their financial savings or find the resources they need. Ultimately, financial accounts present a detailed picture of the financial claims and debts between different national institutional sectors and between the national economy and abroad.

Given the significance of financial accounts for developing a comprehensive system to monitor national and international economic developments, EFTA and the United Nations Economic Commission for Europe (UNECE) organised a three-day workshop dedicated to this subject for EFTA’s partner countries in technical cooperation in statistics. The workshop took place at EFTA House in Brussels and was hosted in collaboration with Eurostat, the European Central Bank (ECB), the International Monetary Fund (IMF) and Statistics Netherlands.

The international organisations created a collaborative workshop for around 30 in-person participants, most of whom were from Eastern Europe, Caucasus and Central Asia (EECCA). Representatives from several EU enlargement countries were also present. Another 40 people joined the workshop online from around the world, where the largest participating country group was Ukraine.

The workshop, which took place from 9 to 11 October, built on last November’s Introductory Workshop on Financial Accounts, also in Brussels. This time, participants received a more thorough introduction to the following specific areas where they had indicated a special interest after last year’s workshop:

  • Recap of the previous workshop – consistency and balancing
  • Who-to-whom matrices
  • Issues related to financial corporations
  • Issues related to the household sector

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