Training Program

This course covers the fundamentals needed to compile the external accounts. The course introduces the conceptual statistical framework for BOP and IIP-as presented in the Balance of Payments and International Investment Position Statistics Manual, sixth edition (BPM6), which is harmonized with other macroeconomic statistical frameworks. Participants learn about the current, capital, and financial account balances, and how they reflect their economy's interaction with the rest of the world. Basic concepts, definitions, and classifications are covered, along with the principal accounting rules (including valuation and time of recording) relevant for the compilation of the external accounts. The course also discusses the functional categories, including direct investment. The need to integrate the BOP with the IIP for compiling comprehensive, internationally comparable statistics is also discussed. This course is being updated to include the changes introduced by the Integrated Balance of Payments and International Investment Position Manual, Seventh Edition (BPM7)