first economy to rebound after this episode. we should have confidence that, while in the short run the markets may become more volatile or they may overshoot from time to time and there may be pain involved during the adjustment process, economic fundamentals should prevail in the end. we should be confident that, as we have done on so many occasions in the past, we shall be able to overcome this difficult period and emerge as a stronger and more competitive financial and servicing centre in asia. we have done it before and we can surely do it again.

links of the financial system with the real sector, as well as the underestimation of cross - border exposures of economies and financial integration, could lead to inadequate assessment of macro - financial links and underestimation of risks. the sdds plus is actually a response of the international financial community to these statistical gaps. this initiative means enrichment of statistics, in both scope and quality, in order to timely recognize and appropriately react to vulnerabilities that may arise in an economy. our cooperative journey to the sdds plus began in 2013, when, after the achieved national consensus on the usefulness of the accession to this standard, we officially informed the imf of the efforts that we will make in the medium - term period to meet the membership criteria. then, in the next years, we worked on the production, promotion and publication of the required data. we faced the challenge to prepare and submit nine new or appropriately adjusted categories of data, out of which seven are within the competence of the nbrm, and two within the competence of the ministry of finance : 1 / 2 bis central bankers'speeches - real sector data - statistics of sectoral financial accounts which is actually an overview of the structure of financial assets and liabilities of individual sectors, their mutual exposure, financial flows and, accordingly, possible accumulation of risks ; - financial sector data – statistics of non - bank financial institutions ( more detailed data not only for the banking system, but also for the pension funds, insurance companies, investment funds, financial companies, leasing companies ), statistics of debt securities and seven financial stability indicators that enable better identification of the risks in the financial system ; - external sector data – data on the currency structure of the foreign reserves, the coordinate direct investment questionnaire and the coordinate portfolio investment questionnaire which provide more detailed findings for cross - border links and the possibility of transfer of the effects from the external shocks to the domestic economy, and - fiscal sector data – general government statistics and data on gross debt of the general government. aware of the challenges that the countries faced with and the need for making extremely great efforts to produce them, the imf allowed, at the time of application for this standard, fulfillment of the dissemination requirements of at least five from the nine mandatory indicators. for the other four indicators, an adjustment period is envisaged, for their fulfillment in a period of five years from the date of accession. as a result of all these activities, by providing the necessary five from