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International Monetary Fund. Statistics Dept.
An external sector statistics (ESS) mission visited Djibouti from January 26–30, 2020. This was the fourth mission under the JSA/AFR project to improve ESS in 17 Francophone African countries. The mission found that significant data on direct investment (DI) have not been incorporated in either the balance of payments or international investment position (IIP) statistics since 2017.
International Monetary Fund. Statistics Dept.
An external sector statistics (ESS) mission visited Djibouti from January 26–30, 2020. This was the fourth mission under the JSA/AFR project to improve ESS in 17 Francophone African countries. The mission found that significant data on direct investment (DI) have not been incorporated in either the balance of payments or international investment position (IIP) statistics since 2017.
International Monetary Fund. Statistics Dept.

). Recommendation Include the data received from the DPFZA in the balance of payments statistics and IIP. 12. A marked improvement in cooperation between the BCD and the DPFZA made it possible to obtain information on DI . As well, the National Institute of Statistics of Djibouti provided the BCD with financial statements for four port entities, namely, SGTD, the Port of Djibouti, Horizon Djibouti Terminals Limited, and Doraleh Multipurpose Port (DMP). The mission assisted the balance of payments statisticians in incorporating the data on direct investment in these

Poul Høst-Madsen

Poul Høst-Madsen “It was printed in the newspaper; and it’s perfectly true—one little feather can easily become five hens.” Hans Christian Andersen T HE MAGNITUDE of the flow of private capital from the developing to the developed countries is one of the most difficult questions in the field of international payments. Nobody would question that this flow has in some periods and in some areas of the world been very large, or that it deserves serious consideration. But when the balance of payments statistician is asked to estimate the total amount

International Monetary Fund

improve their systems in accordance with the recommendations of this report . The Fund should also continue its efforts to support the development of adequate data systems and train balance of payments statisticians. The staff should proceed, with even greater vigor, in its efforts to advise on procedures, data deficiencies, and timely provision of data. It is essential that the Statistics Department provide oversight of developments in the global balance of payments (particularly its main categories) and maintain the focus on individual countries. In that connection

Mr. Russell C Krueger, Mr. Jiming Ha, and Kevin O’Connor

economy raises many questions regarding statistical measurement and economic policy. Cocirculation has been largely ignored in both statistics and policy, but the limited data that are available indicate that cocirculation is substantial. The magnitude of cocirculation suggests that it should now be explicitly placed on the agenda of monetary and balance of payments statisticians and economic policy authorities.

Mr. Andrew Baer, Mr. Kwangwon Lee, James Tebrake, and Mr. Gabriel Quiros-Romero

economic territorites is another challenge facing national accountants and balance-of-payments statisticians. The final measurement challenge facing national accountants concerns their ability to develop volume estimates to have an accurate measure of real growth. Cloud computing services are transacted between firms, and therefore cloud computing introduces the need for new service price indexes. In the past, when firms purchased their own equipment these investment goods would be deflated using ‘goods’ prices which tended to be readily available. While ICT goods

Mr. John Joisce and Mr. Chris Wright

be considered further in Section IV below. 49. The main alternative to the “debtor approach” is to recalculate the accruing interest flows for both counterparties, following each change in market conditions, using the principles for fair value recognition of income described in Section II.B above. This method, sometimes referred to by statisticians as the “creditor approach,” has thus far received less widespread support but is favored by balance of payments statisticians in the countries of the European Union and has been successfully implemented in all