Lusophone central banks meet in Macau to debate the future of statistics after the pandemic – Macau Business

The Monetary Authority of Macau (AMCM) informed today (Monday) that it brought together the central banks of Portuguese-speaking countries to discuss the future of statistics in these institutions after the Covid-19 pandemic.

The chairman of the board of directors of AMCM, Chan Sau San, underlined during the initiative that the statistical function of the central institutions will play an increasingly active role, establishing indispensable objective foundations for the studies and the definition of policies and the subsequent supervision , due to the uncertainty caused by the pandemic scenario in the economy and in the financial sector.

The importance of the statistical function and financial statistical data of central banks for the assessment of the economy and financial stability in the pandemic context, as well as the technological challenges, were also discussed in a videoconference that brought together the central banks of Angola, Brazil, Cabo Verde, Mozambique, Portugal, So Tom and Prncipe and Timor-Leste, in addition to AMCM.

The XI Statistics Meeting of the Central Banks of Portuguese-speaking Countries is a biannual event that should have taken place in 2020, but was postponed due to the pandemic, having taken place by videoconference.

For AMCM, the event strengthened contact with the central banks of Portuguese-speaking countries and reinforced the promotion of multilateral cooperation, consolidating the role of Macau as a financial services platform between China and Portuguese-speaking countries.

The event was under the theme From survival to innovation: the statistical function in the post-epidemic.

Chan Sau San recalled that statistical data prepared and published by central banking institutions play a relevant role in promoting the monitoring of economic trends, potential risks to the financial system, as well as the overall performance of the financial sector, in addition to providing a solid () basis for policy-making and evaluation.

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Lusophone central banks meet in Macau to debate the future of statistics after the pandemic - Macau Business