## Consultation Questionnaire for SNA/BPM Proposed Recommendations (Group 3)

## Source details

**Canonical URL:** [Consultation Questionnaire for SNA/BPM Proposed Recommendations (Group 3)](https://www.imf.org/-/media/files/data/statistics/gfsm/global-consultations/group3/consultation-questionnaire-for-sna-bpm-proposed-recommendations-batch-ef.pdf)

## Other formats

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### Administrative details and timeline
- Organizer: IMF Government Finance Division, Statistics Department, INTERNATIONAL MONETARY FUND.
- Event: Global Consultation on proposed recommendations for updating the GFSM 2014 based on changes agreed for implementation in the 2025 SNA and BPM7 (Group 3).
- Closing Date: July 25, 2025.
- Responses requested by: Friday, July 25, 2025.
- Contact: STA-GFSM-Coord@imf.org.
- Number of research topics identified for incorporation into the updated GFSM 2014: 36.
- Number of proposed recommendation documents covered by this questionnaire: 13.

### Purpose and scope of the consultation
- Objective: Seek views on proposed recommendations to revise GFSM 2014 guidance to maintain consistency with revisions in the System of National Accounts (SNA) and the Balance of Payments Manual (BPM) to be implemented in 2025.
- Nature of proposed recommendation documents: Standardized and concise; intended to be read alongside the SNA and BPM update documentation and Draft 2025 SNA and Draft BPM7.
- Input use: Views will inform final decisions, which will be published as a “notice of decision”.
- Publication policy: Responses will be published in a summarized and anonymized format; respondents are asked whether they consent to potentially publishing parts of their response (consent options: yes / no).
- Respondent encouragement: Provide a single coordinated/consolidated response for your organization/institution. Once submitted, respondents will receive a copy of their responses by email.

### Introductory respondent information requested
- Name
- Position/Title
- E-mail
- Institution/Organization
- Country
- Main interest/relationship with Government Finance Statistics (GFS) (options listed):
  - GFS compilation
  - compilation of other macroeconomic statistics (e.g., national accounts, balance of payments)
  - policymaking
  - GFS analysis and use (e.g., analyst, academic)
  - other (please specify)

### The thirteen proposed recommendation documents under consultation
- 1.1 Valuation Principles and Methodologies
- 1.3 Treatment of Centralized Currency Unions in Macroeconomic Statistics
- 1.12 Reverse Transactions
- 1.13 Financial Derivatives by Type
- 1.14 Capturing Non-Bank Financial Intermediation
- 1.15 Treatment of Cash Collateral
- 1.16 Treatment of Factoring Transactions
- 1.18 The Recording of Crypto Assets in Macroeconomic Statistics
- 1.26 Treatment of Trusts and Other Types of Funds as Separate Institutional Units
- 1.32 Recording of Share Buybacks
- 1.33 Clarification on the Statistical Treatment of Negative Interest Rates
- 1.34 Clarification on Reserve Positions in the IMF
- 1.35 Recording of Central Bank Swap Arrangements in Macroeconomic Statistics

### Questionnaire structure and response mechanics
- For each proposed recommendation document respondents are asked:
  - Do you agree with the recommendations and their incorporation into the update of the GFS manual? (response options: Yes / No / Partially / No comment)
  - A follow-up free-text prompt asking: "Please provide more detail regarding your response."
- The questionnaire includes a distinct section for each numbered proposed recommendation (questions numbered 4 through 16 correspond to PRs listed above).
- The consultation allows respondents to limit responses to documents of relevance or interest.

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_Source: https://www.imf.org/-/media/files/data/statistics/gfsm/global-consultations/group3/consultation-questionnaire-for-sna-bpm-proposed-recommendations-batch-ef.pdf_