Joint Informal Economy Task Team (IETT)

The Joint Informal Economy Task Team (IETT) will advise the Inter-secretariat Working Group on National Accounts (ISWGNA) and the IMF’s Committee on Balance of Payments Statistics (BOPCOM) on the issues related to the informal economy as they relate to the updates of the System of National Accounts 2008 (2008 SNA) and  the sixth edition of the Balance of Payments and International Investment Position Manual, (BPM6). The IETT will work in close collaboration with—and draw on—the revision of the standards for statistics on informality undertaken by the International Labour Organization (ILO).  

The IETT will be operational mostly throughout the Phase I of the update process (March 2020–March 2022). However, the IETT may also be consulted during Phase II (drafting of the 2025 SNA and the BPM7 chapters) on an as-needed basis, should any significant issues arise during the worldwide consultation process.

Further details on the mandate and operations; guidance notes and working procedures; composition; and key issues to be addressed by the IETT are provided in the Terms of Reference.

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IETT Meetings

Inaugural Meeting, September 24, 2020