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Head of the Statistics Department of Banco de Portugal elected new chairman of the Committee on Monetary, Financial and Balance of Payments Statistics

João Cadete de Matos, head of the Statistics Department of Banco de Portugal, was elected the new chairman of the Committee on Monetary, Financial and Balance of Payments Statistics (CMFB), taking over the chair for a period of two years, starting on 1 January 2011, from the present chairman Peter van de Ven (head of the National Accounts Department of Statistics Netherlands).

The election was held during the CMFB meeting in Luxembourg, on 1-2 July. At the same meeting, Fabrice Lenglart, head of the National Accounts Department of the National Institute of Statistics and Economic Studies of France (INSEE) was elected vice-chairman.

This European Committee was established by a Council Decision in 1991 to assist the European Commission in drawing up and implementing work programmes concerning monetary, financial and balance of payments statistics. In recent years, the CMFB has played an important advisory role in issues related to statistics in the area of government finance (government deficit and debt) and, in particular to the Excessive Deficit Procedure decisions.

The CMFB is composed of representatives from the National Statistical Institutes and the National Central Banks of the European Union, as well as of the European Commission and the European Central Bank. Given its composition and mission, the CMFB has been the main forum for the coordination of statistical activity between the National Statistical Institutes and Eurostat, on the one hand, and the National Central Banks and the European Central Bank on the other.

For further information about the CMFB, visit http://www.cmfb.org/.

Lisbon, 29 July 2010