2. Data shall be provided by State Parties in accordance with internationally acceptable data standards as defined by the International Monetary Fund. ARTICLE 6 INSTITUTIONAL ARRANGEMENTS 1. Pursuant to Article 21(2) of the Protocol, the Committee of Ministers of Finance and Investment hereby establishes a Committee of Senior Treasury Officials which shall be responsible for the implementation of this Annex and shall report on such implementation to the Committee of Ministers.. 2. The Committee of Senior Treasury Officials may make use of any structure or recommend to the Committee of Ministers for Finance and Investment, the establishment of any structure that may be necessary to facilitate the implementation of this Annex. 3. For the purposes of this Annex, the Committee of Ministers for Finance and Investment shall collaborate with the CCBG. ARTICLE 7 MONITORING AND SURVEILLANCE 1. The Peer Review Panel shall establish a collective surveillance procedure to monitor macroeconomic convergence, determine specific targets, assess progress relative to those targets and provide advice on corrective actions, as set out in this Article. 2. State Parties shall present to the Peer Review Panel an annual macroeconomic convergence programme which will include: 3. (a) a review of recent economic developments in the State Parties; (b) progress relative to previous targets; (c) medium-term objectives for convergence indicators; and (d) specific targets for the indicators referred to in sub-paragraph (c) above over a three-year period. the agreed macroeconomic The Peer Review Panel shall evaluate and monitor the annual macroeconomic convergence programmes submitted by State Parties, determine whether such macroeconomic convergence programmes satisfy the common guidelines, advise on possible changes, compare outcomes with previous programmes and make such recommendations as the Peer Review Panel may deem appropriate in accordance with the Treaty. 40