Page 35 - Invited Paper Session (IPS) - Volume 2

IPS178 Barend de Beer

Stakeholder engagement throughout the
statistical value chain – views from South Africa
Barend de Beer
1
South African Reserve Bank

Abstract
The global financial crisis led to a critical reassessment of the role of central
banks and their impact on domestic and international financial markets. This
reassessment includes a wide range of functions, one of which is central banks’
increased contribution to the compilation of macroeconomic statistics within
national statistical frameworks. The demand for statistics from national
statistical agencies and central banks has also increased with a renewed focus
on the variety of macroeconomic statistics, methodological foundation and
quality of statistical output. It has therefore become imperative for central
banks to continually reassess their macroeconomic statistics compilation
framework to meet these requirements and to maintain international best
practice. An important component of this is the stakeholder engagement
framework. This relates to the management of stakeholders throughout the
value chain of the statistics compilation process from respondent to end users.
Such a framework has three distinct but interrelated components. Firstly,
communication with various respondents from which input data is sourced
and secondly stakeholders within the compilation process. The third, relates
to diversified communication strategies for the different user groups. The
Economic Statistics Division of the South African Reserve Bank is in the midst
of an assessment and extension of its macroeconomic statistics compilation
function and the reshaping where necessary of its stakeholder engagement
framework. This paper explores a possible statistics stakeholder engagement
framework to address this component of the Banks’ statistics compilation
function.

Keywords
Statistics; National Statistics Framework; Stakeholder engagement framework;
respondent

1 The views expressed in this paper are those of the author and not that of the South African
Reserve Bank.

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