## cemla-presentation-eng ## Source details **Canonical URL:** [cemla-presentation-eng](https://www.imf.org/-/media/files/data/statistics/bmp7/events/cemla-presentation-eng.pdf) ## Other formats - [Markdown version](/-/media/files/data/statistics/bmp7/events/cemla-presentation-eng.pdf.md) - [Structured JSON version](/-/media/files/data/statistics/bmp7/events/cemla-presentation-eng.pdf.json) --- ### Chapter 2. Overview of the Integrated Framework - Scope and purpose - Provides an overview of the Integrated Framework. - Relationship to other chapters - Chapter 3 is titled "Flows, Stocks, and Accounting Rules." ### Chapter 4. Residence, Institutional Units, and Sectors - Scope and structure - Chapter 4 will follow the 2008 SNA chapter structure (i.e., Chapter 4: Institutional units and sectors). - In drafting, only issues relevant from the external sector statistics (ESS) perspective will be included in BPM7. - Important changes relevant from the ESS perspective are presented in the IMF Statistics lecture. - Sectoring and institutional classification - Sectoring of fintech companies clarified: - Classify fintech companies within the existing institutional sectors/subsectors depending on the economic objectives, functions, and behavior—without introducing a new sector “Fintech”. - An overview of institutional sectors will be updated, including revised Tables 4.1 (SNA classification of institutional sectors) and 4.2 (BPM6 classification of institutional sectors). - Subsectors and ESS reporting - Subsector reporting to the IMF will include: - Other financial corporations (OFCs) reported as supplementary items. - Separate identification of nonfinancial corporations (NFCs) from households and nonprofit institutions serving households (NPISHs). - “Of which” items for special purpose entities (SPEs) as supplementary items for deposit-taking corporations, OFCs, and NFCs sectors. - Special Purpose Entities (SPEs) - Use of the term SPEs limited to entities with direct and indirect foreign control; do not use it to refer to any type of financial entity created for a special purpose. - Special purpose units of general government: - To be included under the general government sector. - If non-resident, treated as separate units consistent with BPM6/2008 SNA. - Introduce enhanced imputations, considered appropriate and sufficient, to better reflect the fiscal operations of government-controlled SPEs (see related guidance in Chapter 8). ### Chapter 15 Globalization - Objective and scope - The new BPM7/2025 SNA Chapter 15 Globalization aims to bring together information from BPM7 and other sources to describe measurement challenges associated with globalization. - Topics covered include: - Multinational enterprises - Global production - Measurement challenges - Alternative indicators and supplementary information to monitor the impact of globalization and meet users needs - Analytical tools - The BPM chapter will include issues that are relevant from the external sector statistics perspective. - Multinational enterprises (MNEs) - Will include MNE definition and description of their activities, including role in production, trade, direct investment, and international transfer of knowledge and technology. - MNEs establish special purpose entities (SPEs) not only to channel financial investments globally, but increasingly, for other activities such as to manage intellectual property rights, research and development, and trade. - Will include a standardized and internationally agreed definition of SPEs. - Measurement challenges - Identified challenges: - Complex financing and ownership structures, production fragmentation across countries, cross-border mobility of assets, etc. - Challenge: An MNE is not seen as a single entity in macroeconomic statistics. - Stated goal: - Ensure that all MNE activities are captured, not duplicated, and properly allocated by economic territory. - Alternative indicators, supplementary information, and analytical tools - The chapter intends to provide alternative indicators and supplementary information to monitor the impact of globalization and meet users needs. - Analytical tools will be included to support better visibility and analysis of globalization-related activities in macroeconomic and external sector statistics. *Source: BPM7 / IMF Statistics; BPM7/2025 SNA Chapter 15 Globalization (IMF | Statistics).* ### Chapter 2. Overview of the Integrated Framework ### Chapter 2. Overview of the Integrated Framework ### Scope and purpose - Provides an overview of the Integrated Framework. ### Relationship to other chapters - Chapter 3 is titled "Flows, Stocks, and Accounting Rules." *International Monetary Fund — cemla-presentation-eng - Chapter 2. Overview of the Integrated Framework* ### Chapter 4. Residence, Institutional Units, and Sectors ### Chapter 4. Residence, Institutional Units, and Sectors ### Scope and structure - Chapter 4 will follow the 2008 SNA chapter structure (i.e., Chapter 4: Institutional units and sectors). - In drafting, only issues relevant from the external sector statistics (ESS) perspective will be included in BPM7. - Important changes relevant from the ESS perspective are presented in the IMF Statistics lecture. ### Sectoring and institutional classification - Sectoring of fintech companies clarified: - Classify fintech companies within the existing institutional sectors/subsectors depending on the economic objectives, functions, and behavior—without introducing a new sector “Fintech”. - An overview of institutional sectors will be updated, including revised Tables 4.1 (SNA classification of institutional sectors) and 4.2 (BPM6 classification of institutional sectors). ### Subsectors and ESS reporting - Subsector reporting to the IMF will include: - Other financial corporations (OFCs) reported as supplementary items. - Separate identification of nonfinancial corporations (NFCs) from households and nonprofit institutions serving households (NPISHs). - “Of which” items for special purpose entities (SPEs) as supplementary items for deposit-taking corporations, OFCs, and NFCs sectors. ### Special Purpose Entities (SPEs) - Use of the term SPEs limited to entities with direct and indirect foreign control; do not use it to refer to any type of financial entity created for a special purpose. - Special purpose units of general government: - To be included under the general government sector. - If non-resident, treated as separate units consistent with BPM6/2008 SNA. - Introduce enhanced imputations, considered appropriate and sufficient, to better reflect the fiscal operations of government-controlled SPEs (see related guidance in Chapter 8). *Source: BPM7 / IMF Statistics* ### Chapter 15 Globalization ### Chapter 15 Globalization ### Objective and scope - The new BPM7/2025 SNA Chapter 15 Globalization aims to bring together information from BPM7 and other sources to describe measurement challenges associated with globalization. - Topics covered include: - Multinational enterprises - Global production - Measurement challenges - Alternative indicators and supplementary information to monitor the impact of globalization and meet users needs - Analytical tools - The BPM chapter will include issues that are relevant from the external sector statistics perspective. ### Multinational enterprises (MNEs) - Will include MNE definition and description of their activities, including role in production, trade, direct investment, and international transfer of knowledge and technology. - MNEs establish special purpose entities (SPEs) not only to channel financial investments globally, but increasingly, for other activities such as to manage intellectual property rights, research and development, and trade. - Will include a standardized and internationally agreed definition of SPEs. ### Measurement challenges - Identified challenges: - Complex financing and ownership structures, production fragmentation across countries, cross-border mobility of assets, etc. - Challenge: An MNE is not seen as a single entity in macroeconomic statistics. - Stated goal: - Ensure that all MNE activities are captured, not duplicated, and properly allocated by economic territory. ### Alternative indicators, supplementary information, and analytical tools - The chapter intends to provide alternative indicators and supplementary information to monitor the impact of globalization and meet users needs. - Analytical tools will be included to support better visibility and analysis of globalization-related activities in macroeconomic and external sector statistics. --- _Source: https://www.imf.org/-/media/files/data/statistics/bmp7/events/cemla-presentation-eng.pdf_