As part of the regional Central America-Panama-Dominican Republic Regional Technical Assistance Center (CAPTAC-DR) project to harmonize external sector statistics, a technical assistance mission on the Coordinated Direct Investment Survey (CDIS) and Coordinated Portfolio Investment Survey (CPIS) visited San Jose, Costa Rica, during March 6-14, 2014.
The mission's main objective was to support the Central Bank of Costa Rica (BCCR) in continuing to improve the compilation and dissemination of balance of payments statistics, with emphasis on coverage, identification and responses from diverse sources of information, and to review the data collection instruments currently in use. The context of those efforts was the adoption of methodological guidelines set out in the sixth edition of the Balance of Payments and International Investment Position Manual (BPM6).
During its visit, the mission observed that the practices followed to prepare external statistics employed adequate data collection instruments and appropriate methodologies. The review also identified areas for improvement. Some of the most important improvements depend on expanding the coverage of the 'Balance of Payments Survey and Coordinated Direct Investment Survey' (BPS) to capture information from additional nonfinancial private sector firms. The units involved in this effort are the External Sector Statistics Area (AESE) and the Economic Statistics Area (AEE), which is the administrative unit responsible for management of economic information.