Chapter

Introduction

Author(s):
International Monetary Fund. Statistics Dept.
Published Date:
February 2017
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1. The IMF Committee on Balance of Payments Statistics (Committee) was set up by the IMF Executive Board in February 1992. Initially, its main purpose was to oversee the implementation of the recommendations of two studies on imbalances in the recorded world current account and financial flows. The Committee’s mandate has broadened over the years to cover: (i) improving the availability, consistency, and reliability of balance of payments and international investment position (IIP) statistics; (ii) closing data gaps on financial interconnectedness and balance sheet analysis; (iii) fostering greater coordination of data compilation and dissemination among countries; and (iv) facilitating the exchange of statistics.1

2. The Committee held its twenty-ninth meeting during October 24–26, 2016, in Washington D.C. The participants in the meeting are listed in Appendix I.

3. The following three sections of this Annual Report examine recent trends in global balance of payments and IIP data; review the work undertaken by the Committee in 2016; and outline the Committee’s work program for 2017, respectively.

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