Mr. Carlos Sanchez-Munoz, Mr. Paul A Austin, Alicia Hierro, and Ms. Tamara Razin
The 2019 Annual Report of the IMF Committee on Balance of Payments Statistics (the Committee) provides an overview of recent trends in global balance of payments and international investment position statistics, summarizes the Committee’s work during 2019, and presents the work program of the Committee in the coming year.
As part of the IMF-South Asia Regional Training and Technical Assistance Center
(SARTTAC) work program, a technical assistance (TA) mission on external sector statistics (ESS)
was conducted during April 2–13, 2018. The mission assisted the Royal Monetary Authority
(RMA) in compiling and disseminating external debt statistics (EDS) consistent with the
international investment position (IIP), reviewed the compilation method of direct investment
statistics, and assessed the coverage of external flows related to hydropower projects.
This paper attempts to assess the impact of the oil shock on South Asian economies, including Sri Lanka, as well as policy responses to deal with the shock, and the real income loss for low-income households if fuel subsidies were fully removed. The most important impact has been on the balance of payments followed by the results of poverty and social impact analysis (PSIA) conducted for Sri Lanka. Finally, the paper explores to what extent Sri Lanka’s large receipts of worker remittances serve as a hedge against shocks.
International Monetary Fund. Secretary's Department
The speeches made by officials attending the IMF–World Bank Annual Meetings are published in this volume, along with the press communiqués issued by the International Monetary and Financial Committee and the Development Committee at the conclusion of the meetings.