Tuesday, December 07, 2010
[IWS] World Bank: PUBLIC SECTOR DEBT STATISTICS [DATABASE] [6 December 2010]
IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
WORLD BANK PUBLIC SECTOR DEBT STATISTICS [6 December 2010]
[Data found in left margin at above URL]
Press Release 6 December 2010
World Bank and IMF Launch Quarterly Online Public Sector Debt Database
WASHINGTON, Dec. 06, 2010—The World Bank and the International Monetary Fund (IMF) today launched the online Quarterly Public Sector Debt Database, which offers access to public sector debt statistics for 30 emerging market and developing countries and will be updated every three months.
Increased focus on public sector debt sustainability and fiscal consolidation globally has heightened interest in public sector debt statistics. This database is unique in bringing together public sector debt statistics that otherwise are only available from individual countries in a range of different formats, providing policymakers and market participants with information suitable for cross-country comparisons.
The database promotes consistency and comparability across countries through standardized treatments of coverage, valuation, and classification, including clearly defined tiers of debt where appropriate for central, state and local government as well as public corporations.
The database, maintained by the World Bank, is available at: http://www.worldbank.org/qpsd Participation in the database is voluntary, and while initially it covers selected emerging market and developing countries, the intention is to expand the range of countries covered in the future.
In support of the database, a guide to assist countries to improve their statistics has been developed. The draft of the Public Sector Debt Statistics: Guide for Compilers and Users is now available at http://www.tffs.org/psdstoc.htm
It covers a range of issues including classifications, data presentation, guidance on compilation issues, and discussion of analytical tools. After a public comment period, the draft is currently being finalized.
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
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