## Global Consultation Questionnaire

## Source details

**Canonical URL:** [Global Consultation Questionnaire](https://www.imf.org/-/media/files/data/statistics/mfsac/global-consultation-questionnaire-december-19.docx)

## Other formats

- [Markdown version](/-/media/files/data/statistics/mfsac/global-consultation-questionnaire-december-19.docx.md)
- [Structured JSON version](/-/media/files/data/statistics/mfsac/global-consultation-questionnaire-december-19.docx.json)

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### Overview and Purpose
- Organized by IMF Financial Institutions Division; Prepared by the Statistics Department.
- Closing Date: January 30, 2026.
- Objective: solicit feedback on proposals for advancing the update of the Monetary and Financial Statistics Manual (MFSM).
- Respondents are encouraged to read the accompanying Background Paper before responding.

### Submission Instructions and Contact
- Preferred submission: electronically via link.
- Alternative submission: complete the Word template and email responses to STA-MFSAC@imf.org.
- Single consolidated response requested per organization or institution.
- Contact for questions or difficulties: STA-MFSAC@imf.org.
- Submission deadline reiterated: Please submit your feedback by January 30, 2026.

### Respondent’s Information (fields to complete)
- Name:
- Position/Title:
- E-mail:
- Institution/Organization:
- Country:

### Consent and Stakeholder Engagement Questions
- Publication consent: option to consent to parts of the response potentially being published without attribution.
  - ☐ Yes
  - ☐ No
- Main interest / relationship with monetary and financial statistics (MFS) — selectable options:
  - ☐ Compilation of MFS
  - ☐ Compilation of other macroeconomic statistics (e.g., national accounts, balance of payments, government finance statistics)
  - ☐ Policymaking
  - ☐ Use of MFS for research or analysis (e.g., academic, financial analyst)
  - ☐ Other (please specify): ___________________________________________
- Involvement in updates of related frameworks (2025 SNA, BPM7, GFSM) — selectable levels:
  - ☐ Regularly engaged in consultations and development work
  - ☐ Closely followed developments but not directly involved
  - ☐ Limited interest or awareness
  - ☐ Not involved at all
- Importance of ensuring consistency with other macroeconomic statistical frameworks (e.g., 2025 SNA, BPM7, GFSM, SEEA):
  - ☐ High importance
  - ☐ Medium importance
  - ☐ Low importance

### Questions Related to the Preliminary List of Research Projects
- Do the proposed research categories comprehensively cover key areas for the MFSM update?
  - ☐ Yes
  - ☐ Partially – please specify additions/removals/revisions under “Please explain your response”
  - ☐ No
  - ☐ No comment
  - Free-text: Please explain your response:
- Should each Preliminary List research project result in formal Discussion Notes, Clarification Notes, or Proposed Recommendations?
  - ☐ Yes
  - ☐ Partially – please specify any categories that may not require full notes under “Please explain your response”
  - ☐ No
  - ☐ No comment
  - Free-text: Please explain your response:
- Open question: Any cross-cutting or emerging issues not currently reflected in the proposed research agenda?
  - Prompt: Please list and briefly describe any additional topics or themes.
- Sequencing/prioritization: Do you have suggestions on how to prioritize the research topics or sequence their development over the course of the update process (2025–2028)?

### Preliminary List of Research Projects — Categories and Project Numbers
- Instruction: Indicate the relative importance of each proposed research category using the Rating Scale (see below) and provide comments.

MFS Specific Research: Discussion Notes
- 1.1 Money in the Digital Age
- 1.2 Liquidity and Credit in the digital age
- 1.3 Implication of IFRS 17 on monetary and financial statistics
- 1.4 Integrating Tokenization into the Monetary and Financial Statistics Framework
- 1.5 ESG Finance in Monetary and Financial Statistics
- 1.6 Enhancing the Coverage of Nonbank Financial Institutions (NBFIs)
- 1.7 Classification of cross-border positions by country within currency unions
- 1.8 Tracking Financial Networks; Global Flow of Funds

MFS Specific Research: Clarification Notes
- 1.9 Treatment of e-money in MFS
- 1.10 Liquidity and Credit Aggregates
- 1.11 Clarification of Recording of Positions with the IMF
- 1.12 Clarification on cash-pooling arrangements
- 1.13 Clarification of the use of loyalty programs to make payments
- 1.14 A framework for the presentation of MFS metadata

Research Projects Integrating Recommendations from SNA/BPM Updates
- 2.1 Valuation principles and methodologies
- 2.2 Treatment of centralized currency unions in macroeconomic statistics
- 2.3 Financial and operating leases
- 2.4 Valuation of unlisted equity in direct investment
- 2.5 Reverse transactions
- 2.6 Recording of Crypto Lending/Borrowing in Macroeconomic Statistics
- 2.7 Financial derivatives by type
- 2.8 Capturing non-bank financial intermediation in the System of National Accounts and the External Sector Statistics
- 2.9 Valuation of Loans
- 2.10 Treatment of cash collateral
- 2.11 Treatment of factoring transactions
- 2.12 Debt concessionality
- 2.13 The recording of crypto assets in macroeconomic statistics
- 2.14 Treatment of special purpose entities (SPEs) and residency
- 2.15 Treatment of MNE and Intra-MNE Flows
- 2.16 Islamic finance in the national accounts and external sector statistics
- 2.17 Environmental classifications
- 2.18 Treatment of trusts and other types of funds as separate institutional units
- 2.19 Remaining Maturity Classification
- 2.20 Clarification on Reserve Position in the IMF
- 2.21 Recording of Central Bank Swap Arrangements in Macroeconomic Statistics

Joint Research Projects
- 3.1 Boundary between government-controlled nonmarket producers engaged in nonfinancial activities and public nonfinancial corporations
- 3.2 Boundary between government-controlled nonmarket producers engaged in financial activities and public financial corporations
- 3.3 Treatment of government/public nonlife insurance schemes
- 3.4 Debt valuation issues
- 3.5 Incorporation of sustainable finance into an accounting framework

### Rating Scale for Prioritization
- 0 = Not important at all
- 1 = Of little importance
- 2 = Of some importance
- 3 = Of significant importance
- 4 = Critically important

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_Source: https://www.imf.org/-/media/files/data/statistics/mfsac/global-consultation-questionnaire-december-19.docx_