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IPS155 Emily W. et al.
developments, for example with regard to risks and imbalances. Consequently,
the second phase of this initiative (DGI-2) contains a new recommendation
3
(II.20) promoting the exchange of (granular) data as well as metadata.
To help meet data users’ and data compilers’ demand for (granular) data
sharing within the legal framework of the individual jurisdictions and to
facilitate the implementation of Recommendation II.20 of DGI-2, a group of
central banks established the International Network for Exchanging
Experience on Statistical Handling of Granular Data (INEXDA). In accordance
with the objectives of INEXDA outlined below, participation is open to other
central banks, national statistical institutes, and international organisations.
Other examples of exchanging experiences in the context of data sharing
include the Conference of European Statisticians Task Force on the Exchange
of Economic Data, which focuses particularly on the activities of multinational
enterprises (MNEs), as well as the work on data sharing by the Bank for
International Settlements (BIS) Irving Fisher Committee (IFC).
INEXDA was explicitly mentioned in the report of the Inter-Agency Group
on Economic and Financial Statistics: “Update on the Data Gaps Initiative and
the Outcome of the Workshop on Data Sharing”, March 2017. The paper was
welcomed by the G20 Finance Ministers and Central Bank Governors in March
2017 and by the G20 leaders: “We welcome the recommendations of the Inter
Agency Group on Economic and Financial Statistics (IAG) for sharing and
accessibility of granular data.” (p. 5, Communiqué of the G-20 FMCBG Meeting
(2017)).

2. A brief history of INEXDA
On 6 January 2017, the Banca d’Italia, Banco de Portugal, Bank of England,
Banque de France and Deutsche Bundesbank (see also figure 1) founded
INEXDA during a meeting at the Banco de Portugal. In this meeting, the BIS –
which participated as a guest – offered to support the work of INEXDA by
providing access to the eBIS platform. All INEXDA information is therefore
4
stored and shared via the eBIS system.
The second INEXDA meeting took place at the Bank of England on 7 July
2017, where the Banco de España and European Central Bank (ECB) joined
INEXDA as first-time guests. During this meeting, particular emphasis was
placed on developing a metadata schema for the INEXDA network. In this
regard, a presentation by the GESIS Leibniz Institute for the Social Sciences on
“The da|ra Data Referencing System and its potential for the INEXDA Project”

level of individual reporters or at a low level of aggregation that may lead to the identification
of individual reporting units.
3 More information on DGI-1 and DGI-2 can be found at
http://www.imf.org/external/np/g20/pdf/2015/6thprogressrep.pdf.
4 https://www.ebis.org/auth/login.
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