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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