## Remaining Work

## Source details

**Canonical URL:** [Remaining Work](https://www.imf.org/-/media/files/data/statistics/bpm6/ditt/ditt-fourth-meeting-presentation-s2-remaining-work-december-1-2021.pdf)

## Other formats

- [Markdown version](/-/media/files/data/statistics/bpm6/ditt/ditt-fourth-meeting-presentation-s2-remaining-work-december-1-2021.pdf.md)
- [Structured JSON version](/-/media/files/data/statistics/bpm6/ditt/ditt-fourth-meeting-presentation-s2-remaining-work-december-1-2021.pdf.json)

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### DITT Guidance Notes (GNs) — status and outputs
- 16 GNs were presented in 4 Committee Meetings; some GNs were dropped.
- DITT GNs by meeting dates (selected):
  - D1 Greenfield Investment and Extension of Capital — Feb-21
  - D2 Valuation of unlisted equity in direct investment and ultimate host economy in direct investment (including identifying capital in transit) — Oct-21
  - D3 Treatment of collective investment institutions — Feb-21
  - D4 Corporate inversions — Feb-21
  - D5 Eliminating imputations for an entity owned or controlled by general government that is used for fiscal purposes — Jun-21
  - D6 Ultimate Investing Economy (UIE)/Ultimate Host Economy (UHE) and Pass-through Funds — Oct-20
  - D7 Sectoral breakdown of direct investment — Oct-20
  - D8 Public-private partnerships (PPPs) — Jun-21
  - D9 Reconciling BPM-based direct investment (DI) and Activities of MNEs (AMNE) statistics — Oct-20
  - D10 Defining the boundaries of direct investment, including whether direct investment relationships can be achieved other than by economic ownership of equity — Oct-21
  - D11 Removing debt between affiliated insurance corporations and pension funds from direct investment — Jun-21
  - D12 Including intra-concern [between affiliates] derivatives in direct investment — Feb-21
  - D13 Treatment of large construction financed by government (DROP) — (date not shown)
  - D14 Financial conduits — Jun-21
  - D15 Treatment of payments made by nonresident affiliated enterprises on behalf of DI enterprises (DROP) — (date not shown)
  - D16 Treatment of retained earnings — Oct-21
  - D17 Identifying superdividends and establishing the borderline between dividends and withdrawal of equity — Feb-21
  - D18 Cash Pooling in Direct Investment — Jun-21
- Current status categories (as of Dec-21): drop, approved, written consultation, non written consultation, to be finalized and approved.
- DITT GNs for Written Consultation:
  - D10, D11, D14, D18
- Approved and Posted DITT GNs:
  - D6, D7, D8, D12
- DITT GNs shared or to be shared with other Task Teams/Groups (AEG, GZTT, FITT, GFSA C):
  - D1, D2, D5, D6 (yes*), D7, D8, D9 (yes*), D12, D16, D17
  - Note: "* Additional coordination will be needed for the preparation of the version to be circulated to the Committee"
- Issues covered across GNs (methodological issues, presentational issues, data issues, data sources/BPMSNA/FITT):
  - Examples: D1, D2, D6 flagged across methodological, presentational, data issues and data sources; D9 flagged methodological and data issues; D16 and D17 flagged methodological and presentational issues.
- Actions underway to finalize GNs:
  - D.3 and D.5 are being revised by drafting teams.
  - D.4 received GZTT comments and a new version is in preparation.
  - D.17 is in consultation with other TTs.
  - D.1 and D.9 to incorporate survey outcomes.
  - D.2 and D.16 will reach out to drafting teams after the Committee’s SOD.
  - D.10 sent to Global Consultation.
  - D.11, D.14, and D.18 circulated to the Committee via written consultations.

### UN’s International Statistical Standard (ISS) Tool — requirements for GN processing
- Experimental Estimates (Questions 3–4 and 8):
  - Q3: For each GN, do you expect experimental estimates are necessary? Options: Yes, No, Maybe.
  - Q4: If GN will go for experimental estimates, provide Start date, End date, Proposed countries (or best estimate if dates not set).
  - Q8: Will experimental estimates impact conceptual guidance in the GN? Options: Yes, No, Maybe.
- Prioritization of Guidance Notes (Questions 5–7):
  - Q5: Expectation of GN recommendations' impact on compilation of: The SNA Central Framework (flow accounts, balance sheets, and SUT); Balance of Payments Statistics Framework (flow accounts and IIP); others.
  - Q6: What changes to the SNA are required to present GN recommendations? Options: ...a change in the structure; ...a new chapter; ...only minor changes; ...no changes. Include comments.
  - Q7: What changes to the BPM are required to present GN recommendations? Options: ...a change in the structure; ...a new chapter; ...only minor changes; ...no changes. Include comments.
- Baseline Assessment: Data Sources (Question 9):
  - Q9: What are the data sources required for implementation of GN recommendations? Provide brief description (name, frequency, other details) of the required data sources.

### Additional DITT activities: Survey and incorporation of outcomes
- A survey will be launched to finalize DITT GNs D.1 and D.9; survey topics:
  - Greenfield Investment
  - Reconciling FDI and AMNE/FATS
  - Investment Income by Enterprise Characteristics (proposed by Current Account Task Team and Globalization Task Team in GNs C.2 and C.4)
- Timeline for survey activities:
  - December 2021: Launch Survey
  - January 2022: Process survey outcomes
  - January–February 2022: 12 GNs to be finalized
  - March 7–9, 2022: Present the final versions of the GNs at the Committee Meeting
  - After the Committee meeting: Approve and publish

### DITT GNs to be approved — pending actions (selected)
- D1: Incorporate survey outcomes.
- D2: Waiting for the 2021 Oct BOPCOM SOD.
- D3: Prepare a new version to re-circulate to BOPCOM for final approval via written procedure.
- D4: Sent to GZTT for comments; comments were received and sent to the authoring team.
- D5: Prepare a new version and send it to GFSAC and AEG for comments.
- D9: Incorporate survey outcomes.
- D10: Sent to Global Consultation and to circulate to BOPCOM via written consultation.
- D11: Circulated to BOPCOM via written consultation.
- D14: Circulated to BOPCOM via written consultation.
- D16: Waiting for the 2021 Oct BOPCOM SOD.
- D17: Another consultation with the AEG; also to take into consideration discussion of GN F2 and GN D16.
- D18: Circulated to BOPCOM via written consultation.
- Before being published, pending GNs should be re-circulated to the Committee for final approval via written procedure.

### Next actions and deadlines
- December 2021: Launch survey.
- January 2022: Process survey outcomes.
- January–February 2022: Finalize 12 GNs.
- March 7–9, 2022: Present final GN versions at the Committee Meeting.
- After Committee meeting: Approve and publish GNs.

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_Source: https://www.imf.org/-/media/files/data/statistics/bpm6/ditt/ditt-fourth-meeting-presentation-s2-remaining-work-december-1-2021.pdf_