In order to develop this benefit immediately, we need a close cooperation between bankers and statisticians. We, therefore, welcome the work done so far. Let me name just a few milestones that have been reached over the last year in the G20 context. After the regional conferences, a Global Conference of the G20 Data Gaps Initiative was held in Basel in June 2016.
This conference agreed on concrete action plans for implementing the DGI-2 recommendations. The decision was taken to establish an informal G20 working group on data sharing, chaired by the IMF and Eurostat in cooperation with the Deutsche Bundesbank. Building on this, a meeting was held in Washington D.C. in November of last year to take stock of G20 countries’ experiences.