Balance of Payments Task Team (BPTT)
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Mandate and Scope
- The Balance of Payments Task Team (BPTT) will advise the IMF’s Committee on Balance of Payments Statistics (BOPCOM) in the process of revising the BPM6.
- BPTT will deal with general principles, structural and cross-cutting issues, review and coordinate the specialized topics covered by the other Task Teams (TTs), and liaise and ensure coordination with the TTs working under the aegis of the Advisory Expert Group on National Accounts (AEG) and with ongoing work in other statistical domains.
- BPTT will ensure overall consistency of the proposals before they are presented to BOPCOM as well as ensure no duplication of work.
- BPTT will provide advice to BOPCOM on the Annotated Outline to be prepared by the IMF’s Statistics Department and thereafter on the draft chapters of BPM7.
- BPTT would be operational during the BPM6 update process.
- Further details on the mandate and operations; scope; guidance notes and working procedures; composition; and key issues to be addressed by BPTT are provided in the Terms of Reference.
Roles and Responsibilities
- Advise BOPCOM throughout the BPM6 revision process.
- Coordinate and review specialized topics covered by other Task Teams (TTs).
- Liaise with TTs under the Advisory Expert Group on National Accounts (AEG).
- Liaise with ongoing work in other statistical domains to ensure cross-domain consistency.
- Review and ensure consistency of proposals before presentation to BOPCOM.
- Advise on the Annotated Outline and subsequent draft chapters of BPM7 prepared by the IMF’s Statistics Department.
Operations and Deliverables
- Operate during the BPM6 update process to provide ongoing review and coordination.
- Prepare guidance notes and proposals for global consultation and BOPCOM consideration.
- Maintain Terms of Reference that specify mandate, scope, guidance notes, working procedures, composition, and key issues.
Draft Guidance Notes for Global Consultation — Purpose and Process
- The purpose of this global consultation is to receive feedback from worldwide compilers/users of macroeconomic statistics not involved in the update process, with a view to informing further the proposals to be presented for formal approval to the IMF’s Committee on Balance of Payments Statistics (BOPCOM)/Advisory Expert Group on National Accounts (AEG).
- Each GN will be available for a period of four-weeks for global consultation after its posting.
- Feedback is solicited via surveys accompanying each Guidance Note.
Guidance Notes Listed (with survey status and dates)
- Draft Guidance Note B.2;
- B.3 Treatment of Centralized Currency Unions in Macroeconomic Statistics (Survey on this Guidance Note closed on August 16, 2021)
- Draft Guidance Note B.3;
- B.4 Reconciliation Between Flows and Stocks (Survey on this Guidance Note closed on October 19, 2020);
- Draft Guidance Note B.4;
- B.6 Sustainable Finance: Integrating Climate Change Risks into External Sector Statistics (Survey on this Guidance Note closed on October 20, 2021);
- Draft Guidance Note B.6
- B.7 Arrears in International Investment Position (Survey on this Guidance Note closed on June 15, 2021);
- Draft Guidance Note B.7;
- B.8 Recording Citizenship-by-Investment Programs (Survey on this Guidance Note closed on June 15, 2021);
- Draft Guidance Note B.8;
- B.9 Treatment of External Assets and Related Income Declared Under Tax Amnesty in External Sector Statistics (Survey on this Guidance Note closed on February 1, 2021);
- Draft Guidance Note B.9;
- B.12 Treatment of Equity in International Organizations That is in the Form of Unlisted Shares or Nonnegotiable Equity (Survey on this Guidance Note closed on August 16, 2021);
- Draft Guidance Note B.12;
Content in this bundle
- B.4 Reconciliation Between Flows and Stocks
- Draft Guidance Note B.12
- B.2 Standardized Definition of Net International Reserves
- Appendix 3 — Treatment of Centralized Currency Unions in Macroeconomic Statistics
- B.6 Sustainable Finance: Integrating Measures of Climate Change Risk into External Sector Statistics
- Draft Guidance Note B.7
- B.8 Recording Citizenship-by-Investment Programs
- Draft Guidance Note B.9
- BPTT Fifth Meeting Minutes
- BPM7Drafting: Review Process, Timetable, and Updates from BOPCOM Meeting
- BPTT Fifth Meeting Presentaton - Emission Trading Schemes
- BPTT Fifth Meeting Presentaton - Treatment of Negative Equity Positions
- BPTT Fourth Meeting
- Standardized Statistical Definition of Net International Reserves
- Balance of Payments Task Team
- BPTT Inaugural Meeting
- Balance of Payments Task Team
- BPTT Second Meeting
- Balance of Payments Task Team
- BPTT Third Meeting
- Balance of Payments Task Team
- Balance of Payments Task Team
- Compendium of Research Issues
- Compendium of Issues Note
References