Training Program

Officials responsible for the compilation of external sector statistics (ESS) -Balance of Payments (BOP) and/or International Investment Position (IIP) statistics - who possess knowledge and experience in applying internationally accepted standards for these macroeconomic statistics. 

Participants are expected to have a degree in economics or statistics and at least two years of relevant compilation experience or should have completed the Online Balance of Payment and International Investment Position (BOP-IIPx) course. 

This course aims to provide a deep understanding of the concepts, data sources and compilation techniques for BOP and IIP statistics. It focusses on their application in addressing complex methodological issues in accordance with the recently updated Integrated Balance of Payments and International Investment Position Manual, Seventh Edition (BPM7). The intermediate level of the course presupposes participants' familiarity with the basic concepts. The course consists of a series of lectures and workshops analyzing country cases with a strong data component and is designed to allow peer learning and sharing of experiences. It acknowledges the challenges in compiling data in emerging areas of user interest, such as the identification of goods traded within global manufacturing arrangements and digital trade. The course examines themes and challenges emerging from developments in the global economy, and participants have the opportunity to discuss how these impact compilation work. Specific exercises are geared to integrate data compilation with Fund surveillance and policy advice; and to demonstrate the analytical uses of ESS.