The Way Forward Carol S. Carson AEG Meeting March 19-23, 2007 Plan of the presentation • • • • March 2008 deliverable Indicative timeline for 2007 Ways of working The big question 2 March 2008 deliverable • Described at Statistical Commission as “the SNA framework in terms of accounting conventions, the accounts, and the integration of the accounts and incorporates the adopted recommendations on the 44 issues • Working assumption: chapters 1-17 plus annexes on accounts and classifications 3 March 2008 deliverable (cont’d) • Chapters: closer look – Introduction and overview: 1 and 2 – Accounting conventions: 3-5 – Accounts: 6-13 – Typical summary presentations:14 (?slimmed) – Supply and use: 15 (?IO moved to 2009) – Price and volume measures: 16 – Cross-cutting and other special issues: 17 • 10 chapters: incorporate comments • 7 chapters: initial “drafts”, incorporate comments 4 March 2008 deliverable (cont’d) • Thus, “by residual,” at least chapters 1827 plus anything pushed out of the 2008 deliverable become the 2009 deliverable – Some decisions about the 2009 deliverable will be made in deciding on the 2008 contents – Some further decisions about the 2009 deliverable will be held until mid-2007 to take into account experience in the meantime 5 Indicative timeline for 2007 start: • Editor – Complete chapter 17 – “draft” 1-5, 15, and 16 by end June – Tables, glossary, etc. and incorporate comments on 6-14 and 17 – Incorporate comments on 1-5, 15, and 16 finish: April • Others – AEG and others: comment on 6 and 7 – ISWGNA: ready comments on chapters 6-14 and 17 – AEG and others: comment on 1-5, 15, and 16 by end August – ISWGNA: ready comments on 1-5, 15, and 16 December 6 Ways of working: Tasks • Editor: – Revise FSCR to be interim reference – Continue to prepare drafts or bring others’ submissions into harmony in substance and style • ISWGNA: – Advice for Editor – Support for Editor: e.g., assembling comments in Editor-friendly way – Provide codes in line with updated classifications 7 … working: Tasks (cont’d) • AEG – Comment on chapters – Advice: second AEG meeting in 2007 unlikely, so participate in e-consultations (? with some informal get togethers) • Project manager: Various communication and coordination tasks, including about disposition of comments 8 … working: Adjustments (cont’d) • Drafting – More caution on changes not stemming from the 44 issues and 39 clarifications – Identify sources of main changes And continue comparison at the several stages • Review – Provide more guidance on kind of comments that are welcome – Ask for comment by paragraph number 9 Big question • Question: Can we deliver the framework of the 1993 SNA Rev. 1 on time? • Risks – Tight sequences • the need to keep to deadlines – Substantive hang ups • the need to monitor them and adapt – Bottlenecks • the need to monitor them and adapt 10 The big question (cont’d) • My answer: Yes, with hard work, good cooperation, and focus. 11 Thank you Contact:: ccarson@imf.org 12