Front Matter

Front Matter

Author(s):
International Monetary Fund. Statistics Dept.
Published Date:
June 2015
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    IMF COMMITTEE ON BALANCE OF PAYMENTS STATISTICS 2014 ANNUAL REPORT

    May 20, 2015

    Executive Summary

    The 2014 Annual Report of the IMF Committee on Balance of Payments Statistics (Committee) provides an overview of recent trends and discrepancies in global balance of payments statistics, summarizes the Committee’s work program during 2014, and presents issues the Committee plans to address in the coming year.

    During 2014, the IMF Statistics Department (STA), in consultation with the Committee, continued work in implementing the sixth edition of the Balance of Payments and International Investment Position Manual (BPM6); made significant progress in expanding the availability of external sector statistics on interconnectedness for surveillance and analytical purposes; completed work on the BPM6 Compilation Guide; and improved the availability of reserves-related data within the IMF.

    In 2015, the top priorities of the Committee and STA will remain the implementation of BPM6, further enhancements of International Investment Position (IIP) as well as continued work on closing data gaps on cross-border financial interconnectedness. The Committee agreed to continue the work on a statistical definition of foreign exchange intervention.

    The full set of papers presented at the meeting is available at http://www.imf.org/external/pubs/ft/bop/2014/27.htm.

    Approved By

    Louis Marc Ducharme

    Prepared by Ralph Kozlow, Cornelia Hammer, and Alicia Hierro of Statistics Department

    Glossary

    AEG

    Advisory Expert Group

    BIS

    Bank for International Settlements

    BMD4

    OECD Benchmark Definition of Foreign Direct Investment

    BOPSY

    Balance of Payments Statistics Yearbook

    BPM5

    Balance of Payments Manual, fifth edition

    BPM6

    Balance of Payments and International Investment Position Manual, sixth edition

    CDIS

    Coordinated Direct Investment Survey

    BPM6 CG

    BPM6 Compilation Guide

    Committee

    IMF Committee on Balance of Payments Statistics

    CPIS

    Coordinated Portfolio Investment Survey

    DGI

    Data Gaps Initiative

    ECB

    European Central Bank

    FGP

    Factoryless Goods Production

    FSB

    Financial Stability Board

    G-20

    Group of twenty economies

    IAG

    Inter-Agency Group on Economic and Financial Statistics

    IIP

    International Investment Position

    INFER

    Instrument Composition of Transactions in Foreign Exchange Reserves

    OECD

    Organization for Economic Cooperation and Development

    RES

    IMF Research Department

    RESTEG

    Reserve Assets Technical Expert Group

    SDDS

    IMF’s Special Data Dissemination Standard

    SEFER

    Survey of Securities Held as Foreign Exchange Reserves

    STA

    IMF Statistics Department

    TFGP

    Task Force on Global Production

    WEO

    World Economic Outlook

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