World Bank External Debt System SDMX Implementation

External Debt System The World bank External Debt System (WBXD) ◦ Repository of statistical data on external debt ◦ Loan by loan details of all loans of all countries ◦ Loan information provided by each country ◦ Monitors external debt of various countries ◦ Generates reports based on the data

Current data collection process ◦ Method  Countries use system’s developed by UNCTAD or COMSEC  Report yearly loan information in electronic format (Excel)  Two excel sheet provided  One excel for reporting new loans  One excel sheet for reporting transactions of old loan ◦ Drawbacks  Loan number used to uniquely identify a loan for transactions  Sometime countries change loan number  Difficulty in matching loan information across years  Different countries have different code for same data  Automation not possible

SDMX New system developed to collect data in SDMX format Benefits ◦ Cleaner consistent data due to code list standardization ◦ Better utilization of debt specialists time as data cleaning is minimal ◦ Ability to match loans using parameters other then loan number ◦ Single SDMX-ML file containing new loan and transactions ◦ Can be automated

Steps taken Preparing a list of all data collected Identifying data that can be codified Prepare detailed code list Agreement on code list Identification of Dimensions, Attributes and Measures Identifying type of SDMX-ML needed (Cross Section) Preparation of DSD Preparation of sample SDMX-ML based on DSD Close coordination with UNCTAD and COMSEC

DSD

SDMX Upload

New Loan Information Screen

Loan Transaction Screen

Loan number matching screen

Thank you