{
  "title": "Release of New Standards for Macroeconomic Statistics (BPM7)",
  "publication": "Policy Papers, July 11, 2025",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2025/07/10/release-of-new-standards-for-macroeconomic-statistics-bpm7-568453",
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  "summary": "On March 20, 2025, the IMF released the seventh edition of the Integrated Balance of Payments and International Investment Position Manual (BPM7, the Manual), updating global standards for external sector statistics.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- On March 20, 2025, the IMF released the seventh edition of the Integrated Balance of Payments and International Investment Position Manual (BPM7, the Manual), updating global standards for external sector statistics.\n- The edition addresses significant changes in the global economy, including evolving economic interconnectedness, digitalization, and financial innovations."
    },
    {
      "heading": "Update process and collaboration",
      "content": "- The Manual’s update process involved extensive collaboration with IMF member countries and users of balance of payments statistics.\n- Member countries and users were able to actively contribute to the development and refinement of the standards and provide their opinions before the updates received official endorsement."
    },
    {
      "heading": "Implementation strategy and IMF support",
      "content": "- The IMF has developed a comprehensive strategy to support implementation.\n- The Statistics Department will:\n  - actively communicate the changes;\n  - assist countries in adopting the standards through intensive training and technical assistance."
    },
    {
      "heading": "Coordination with System of National Accounts",
      "content": "- The release of BPM7 coincides with the release of the updated System of National Accounts, 2025 (2025 SNA), ensuring harmonized standards across macroeconomic statistical domains."
    },
    {
      "heading": "Target implementation window and policy objective",
      "content": "- IMF member countries are encouraged to implement both standards within a target implementation window of 2029–2030 to enhance the quality and comparability of macroeconomic data, thereby facilitating informed policy decisions."
    },
    {
      "heading": "Key subjects and keywords",
      "content": "- Subject: Economic and financial statistics, External position, External sector statistics, International investment position\n- Keywords: BOP statistician, country implementation plan, External sector statistics, Global, IMF committee on balance of payments statistic, IMF support, International investment position, program monitoring, transparency policy\n\n---\n\n Content in this bundle\n\n- Policy Paper\n  - Policy Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Policy Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2025/07/10/release-of-new-standards-for-macroeconomic-statistics-bpm7-568453"
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    "Published: July 11, 2025",
    "Series: Policy Papers",
    "DOI: https://doi.org/10.5089/9798229015073.007",
    "On March 20, 2025, the IMF released the seventh edition of the Integrated Balance of Payments and International Investment Position Manual (BPM7, the Manual), updating global standards for external sector statistics.",
    "The edition addresses significant changes in the global economy, including evolving economic interconnectedness, digitalization, and financial innovations.",
    "The Manual’s update process involved extensive collaboration with IMF member countries and users of balance of payments statistics.",
    "Member countries and users were able to actively contribute to the development and refinement of the standards and provide their opinions before the updates received official endorsement.",
    "The IMF has developed a comprehensive strategy to support implementation.",
    "The Statistics Department will:",
    "The release of BPM7 coincides with the release of the updated System of National Accounts, 2025 (2025 SNA), ensuring harmonized standards across macroeconomic statistical domains.",
    "IMF member countries are encouraged to implement both standards within a target implementation window of 2029–2030 to enhance the quality and comparability of macroeconomic data, thereby facilitating informed policy decisions.",
    "Subject: Economic and financial statistics, External position, External sector statistics, International investment position",
    "Keywords: BOP statistician, country implementation plan, External sector statistics, Global, IMF committee on balance of payments statistic, IMF support, International investment position, program monitoring, transparency policy",
    "**Policy Paper**"
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