9.1 This chapter provides practical advice on how an economy might improve the availability of external position data in a relatively short time. The goal is to use available data. This would be the first phase in developing international investment position (IIP) statistics. A subsequent phase would involve developing survey/reporting systems for compiling comprehensive IIP statements; Chapters 2 through 7 of the Guide elaborate on these issues. This chapter draws on the advice provided in the Quarterly International Investment Position Statistics: Data Sources and Compilation Techniques (IIP Guide), which should also be consulted.