THE National Statistics Office (NSO) within the Ministry of Finance & Treasury (MoFT) was represented at the Managing Fishing Revenue (MFR) workshop in Majuro, Marshall Islands.
Andrew Kakate Senior Principal Statistician from the Economics Unit attended the MFR workshop on behalf of the NSO.
The workshop runs from February 5-9, 2018.
The core objectives of the workshop are as follows;
- Strengthen the collaboration between analysts from the national fisheries agencies and the ministries of finance to enhance budget and cash management;
- Strengthen the collaboration between analysts from the national fisheries agencies, ministries of finance, central banks, and statistics offices to improve data sharing and forecasting;
- Increase capacity to undertake medium-term fiscal budgeting and planning;
- Support peer learning and the formation of professional networks in the region;
- Identify countries’ priority areas for follow-up bilateral technical assistance; andFor Mr. Kakate the workshop has given him a chance and the opportunity to learn and excel in his area of work as statistician.
- Assist professional finance staff in getting greater acceptance by political decision-makers for disciplined medium-term budgeting.
For Mr. Kakate the workshop has given him a chance and the opportunity to learn and excel in his area of work as statistician.
He said the workshop is significant given the wealth of knowledge and experience acquired is a boost to his career.
“I learn a lot from the workshop,” Mr. Kakate said.
On the production of Gross Domestic Product (GDP) estimates, Mr. Kakate said he realize that there are avenues one can obtain fishing industry data (production, employment etc.) not only from fishing companies but the ministries responsible.
“This also includes regional bodies like the Forum Fisheries Agency (FFA), Pacific Nauru Agreement (PNA), Federated State of Micronesia Agreement (FSMA), and the Secretariat of the Pacific Community (SPC),” he added.
Mr. Kakate said data sharing is another positive outcome.
He said majority of the fishing industry stakeholders in the region do agree and acknowledged that a way forward for the industry is to share information.
“Sharing of information is essential given the attest that it will certainly help GDP compilers producing sound estimates for the sector where users/planners will have accurate information when making decision,” Mr. Kakate said.
Participants representing other ministries and agencies in Solomon Islands were; Primula Mua Economic Reform Unit-Ministry of Finance & Treasury (MoFT), Donald J. Kiriau, Central Bank of Solomon Islands-Head of Economic & Research Unit, and Lily Wheatley for the Ministry of Fisheries & Marine Resources (MFMR).
The MFR workshop was attended by officials from fishery agencies, ministries of finance, statistics offices, central banks and representatives from other agencies throughout the pacific region like the Secretariat of the Parties to the Nauru Agreement (PNA), the Forum Fisheries Agency (FFA) and the Western and Central Pacific Fisheries Commission (WCPFC) where fishing revenues present a significant source of funds for national budgets.
The weeklong event was organized and facilitated by the International Monetary Fund’s Pacific Financial Technical Assistance Centre (PFTAC) and co-hosted by the Marshall Islands Ministry of Finance with financial support from the Asian Development Bank (ADB).
Assist professional finance staff in getting greater acceptance by political decision-makers for disciplined medium-term budgeting.Assist professional finance staff in getting greater acceptance by political decision-makers for disciplined medium-term budgeting.