RBF and FBoS sign data sharing agreement

FBoS Chief Executive, Kemueli Naiqama (left) with RBF Governor, Mr Ariff Ali during the MOU signing. Picture: SUPPLIED/RESERVE BANK

A MEMORANDUM of Understanding (MOU) that will further facilitate and coordinate data sharing was signed last Friday by the Reserve Bank of Fiji (RBF) and the Fiji Bureau of Statistics (FBoS).

According to a statement issued by the Reserve Bank, the MoU is expected to improve the quality of data gathering and analysis that will in turn allow for the timely identification of development challenges and the formulation of corresponding policy interventions.

RBF governor Ariff Ali said “the availability of relevant and timely data was vital for both agencies to achieve their mandates and facilitate the growth and development of our economy”.

Mr Ali also welcomed the framework for information sharing under the MoU that was enabled by the new leadership and focus at FBoS.

Newly-appointed FBoS chief executive officer Kemueli Naiqama said “a renewed level of cooperation is necessary to facilitate the ongoing data demands of its stakeholders and the public at large and the FBoS have undertaken the necessary steps to achieve this”.

The FBoS, with the aim of providing reliable, timely and relevant statistics through a strategy geared towards greater engagement with the providers and users of data, has played a significant role in providing statistical data on key economic, social and financial indicators.

It aims to engage with relevant stakeholders as a means of better assisting the needs of its statistical users as well as allow capacity development for its staff.

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