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IMF Country Report No. 22/127
BRUNEI DARUSSALAM
REPORT ON EXTERNAL SECTOR STATISTICS MISSION (REMOTE) (JULY 26–29, 2020)
April 2022
This paper on Brunei Darussalam was prepared by a staff team of the International Monetary Fund. It is based on the information available at the time it was completed on April 2021.
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Title Page
Brunei Darussalam
Report on External Sector Statistics Mission (July 26–29, 2020)
APRIL 2021
Prepared by Antonio Galicia-Escotto, Evrim Bese-Goksu, and Fadhila Alfaraj
The contents of this report constitute technical advice provided by the staff of the International Monetary Fund (IMF) to the authorities of Brunei Darussalam (the “TA recipient”) in response to their request for technical assistance. This report (in whole or in part) or summaries thereof may be disclosed by the IMF to IMF Executive Directors and members of their staff, as well as to other agencies or instrumentalities of the TA recipient, and upon their request, to World Bank staff, and other technical assistance providers and donors with legitimate unless the TA recipient specifically objects to such disclosure (see Operational Guidelines for the Dissemination of Technical Assistance Information). Publication or Disclosure of this report (in whole or in part) or summaries thereof to parties outside the IMF other than agencies or instrumentalities of the TA recipient, World Bank staff, other technical assistance providers and donors with legitimate interest, shall require the explicit consent of the TA recipient and the IMF’s Statistics Department.
Contents
Glossary
SUMMARY OF MISSION OUTCOMES AND PRIORITY RECOMMENDATIONS
DETAILED TECHNICAL ASSESSMENT AND RECOMMENDATIONS
A. Action Plan
B. Introduction
C. Balance of Payments Statistics
D. Goods
E. Services
F. Primary Income
G. Secondary Income
H. Direct Investment
I. Portfolio Investment
J. Financial Derivatives
K. Other Investment
L. Reserve Assets
M. Officials Met During the Mission
FIGURES
1. Oil Trade Flows
2. Inward and Outward DI Derived from CDIS Mirror Data Position
TABLES
1. Priority Recommendations
2. Direct Investment
APPENDICES
I. High-Value Capital Goods
II. Collection of Personal Transfers
III. Goods—Merchanting and Re-Exports
IV. Financial Derivatives—Collection and Compilation Forms for the Elaboration of ESS
V. Example of a Financial Derivative Compilation Applied to Brunei Darussalam
VI. Importance and Use of International Investment Position Statistics
Glossary
| AITI | Authority for Info-communications Technology Industry AMBD Autoriti Monetari Brunei Darussalam |
| BIA | Brunei Investment Agency |
| BGC | Brunei Gas Carrier |
| BIBD | Bank Islam Brunei Darussalam |
| BIS | Bank for International Settlements |
| BLNG | Brunei Liquid Natural Gas Carrier |
| BMC | Brunei Methanol Corporation |
| BPM6 | Balance of Payments and International Investment Position Manual, sixth edition |
| BMT | Brunei Methanol Tanker |
| BSP | Brunei Shell Petroleum |
| BST | Brunei Shell Tankers |
| CIF | Cost, insurance and freight |
| DOS | Department of Statistics |
| FDI | Foreign direct investment |
| Fob | Free on board |
| GLCs | Government linked companies |
| HES | Household Expenditure Survey |
| IIP | International Investment Position |
| IMF | International Monetary Fund |
| IMTS | International Merchandise Trade Statistics |
| JPES | Department of Economic Planning and Statistics LNG Liquid Natural Gas |
| MOFE | Ministry of Finance and Economy MFA Ministry of Foreign Affairs |
| n.i.e. | Not included elsewhere |
| OECD | Organisation for Economic Cooperation and Development RCED Royal Customs and Excise Department |
| SPV | Special Purpose Vehicle |
| SDRs | Special Drawing Rights |
| TAP | Employee Trust Fund |
