Guinea: Technical Assistance Report-Report on Technical Assistance Mission on External Sector Statistics
IMF Staff Country Reports, May 1, 2019
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- Guinea: Technical Assistance Report-Report on Technical Assistance Mission on External Sector Statistics
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Bibliographic details
- Published: May 1, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498312578.002
Summary and scope
- The Technical Assistance report on Guinea addressed:
- improvement of the surveys on migrant remittances and informal trade;
- perform detailed technical work to improve external sector statistics (ESS);
- participation in the coordinated direct investment survey and the quarterly external debt statistics database.
- The mission observed that the recommendations from the previous technical assistance mission had been satisfactorily implemented.
- The mission made a one-year detailed action plan, with priority given to the recommendations of importance in improving ESS.
- The recommendation on reporting reinvested earnings of direct investment enterprises, net increases in insurance company liabilities, and income on reserve assets has partially been implemented.
Key findings on ESS quality and timeliness
- Timeliness of ESS, based on international standards, should be improved, mainly for:
- the international investment position; and
- the quarterly balance of payments statistics.
Implementation and follow-up
- The report documents technical work carried out to improve ESS and participation in coordinated surveys/databases:
- coordinated direct investment survey;
- quarterly external debt statistics database.
- A one-year detailed action plan was prepared to contribute to progress in the areas discussed in the report, prioritizing recommendations most important for improving ESS.
Subject areas and keywords (as listed)
- Subject: Balance of payments; Balance of payments statistics; Economic and financial statistics; Economic sectors; External sector statistics; Financial account; Foreign direct investment; Mining sector.
- Keywords: automated balance of payments application; balance of payments harmonization; balance of payments item; Balance of payments statistics; balance of payments unit; BCRG; BCRG survey; center; company; CR; debt statistics; DSBP; DSBP staff; External sector statistics; Financial account; Foreign direct investment; Internet connection; ISCR; line item; Mining sector; processing of balance of payments; utility company; West Africa.
Content in this bundle
- 1ginea2019003