{
  "title": "United Kingdom-Montserrat-British Overseas Territory: Technical Assistance Report-Report on External Sector Statistics Mission (October 14–25, 2024)",
  "publication": "Technical Assistance Reports, June 11, 2025",
  "sourceUrl": "https://www.imf.org/en/publications/technical-assistance-reports/issues/2025/06/11/united-kingdom-montserrat-british-overseas-territory-technical-assistance-report-report-on-567628",
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  "summary": "A technical assistance (TA) mission on external sector statistics (ESS) was conducted to the Statistics Department (SD) of Montserrat during October 14-25, 2024, as part of the Caribbean Regional Technical Assistance Centre (CARTAC) work program on ESS.",
  "sections": [
    {
      "heading": "Mission overview",
      "content": "- A technical assistance (TA) mission on external sector statistics (ESS) was conducted to the Statistics Department (SD) of Montserrat during October 14-25, 2024.\n- The mission was part of the Caribbean Regional Technical Assistance Centre (CARTAC) work program on ESS.\n- Publication date: June 11, 2025.\n- Publication details:\n  - Pages: 32\n  - Volume: 2025\n  - Issue: 062\n  - Series: Technical Assistance Report No. 2025/062\n  - Stock No: TAREA2025062\n  - DOI: https://doi.org/10.5089/9798229012331.019\n  - ISBN: 9798229012331\n  - ISSN: 3005-4575"
    },
    {
      "heading": "Primary objectives and scope",
      "content": "- Assist the SD in extrapolating the results of the low-season Visitor Expenditure Survey (VES) conducted by the SD and the Montserrat Tourism Division (MTD) to enhance estimates of travel exports for the balance of payments (BOP).\n- Provide support to improve statistics on trade in goods and international cooperation.\n- Review the revised 2023 BOP (for dissemination in December 2024)."
    },
    {
      "heading": "Key substantive findings and analytical focus",
      "content": "- Emphasis on improving estimation of travel exports in the BOP through extrapolation of low-season VES results together with high-season data (high-season VES referenced in keywords).\n- Attention to trade in goods statistics and strengthening international cooperation in statistics compilation.\n- Consideration of special purpose vehicles / special purpose entities (keywords: G. special purpose entities; Special purpose vehicle) in the context of external sector statistics and international investment position compilation.\n- Inclusion of specific visitor types in VES analysis (keyword: yacht visitor)."
    },
    {
      "heading": "Policy and technical recommendations (mission emphasis)",
      "content": "- Use extrapolation methods to scale low-season VES results for improved travel export estimates in the BOP.\n- Integrate VES findings with other data sources (SD and MTD coordination) to produce more robust travel export statistics.\n- Strengthen trade in goods data compilation procedures to enhance external sector statistics accuracy.\n- Enhance international cooperation and data sharing to support compilation of the international investment position and related external sector measures.\n- Address treatment and statistical implications of special purpose entities / special purpose vehicles in external sector and international investment position statistics."
    },
    {
      "heading": "Keywords and subject coverage",
      "content": "- Subject: Asset and liability management; Economic and financial statistics; Expenditure; Exports; External position; External sector statistics; International investment position; International trade; Special purpose vehicle.\n- Keywords: balance of payments statistics.; Caribbean; Exports; External sector statistics; G. special purpose entities; high-season VES; International investment position; low-season Visitor Expenditure Survey; Montserrat; Special purpose vehicle; VES result; yacht visitor.\n\nInternational Monetary Fund. Technical Assistance Reports 2025, 062 (2025).\n\n---\n\n Content in this bundle\n\n- tarea2025062-print-pdf\n  - tarea2025062-print-pdf (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - tarea2025062-print-pdf (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/technical-assistance-reports/issues/2025/06/11/united-kingdom-montserrat-british-overseas-territory-technical-assistance-report-report-on-567628"
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    "Published: June 11, 2025",
    "Series: Technical Assistance Reports",
    "DOI: https://doi.org/10.5089/9798229012331.019",
    "A technical assistance (TA) mission on external sector statistics (ESS) was conducted to the Statistics Department (SD) of Montserrat during October 14-25, 2024.",
    "The mission was part of the Caribbean Regional Technical Assistance Centre (CARTAC) work program on ESS.",
    "Publication date: June 11, 2025.",
    "Publication details:",
    "Assist the SD in extrapolating the results of the low-season Visitor Expenditure Survey (VES) conducted by the SD and the Montserrat Tourism Division (MTD) to enhance estimates of travel exports for the balance of payments (BOP).",
    "Provide support to improve statistics on trade in goods and international cooperation.",
    "Review the revised 2023 BOP (for dissemination in December 2024).",
    "Emphasis on improving estimation of travel exports in the BOP through extrapolation of low-season VES results together with high-season data (high-season VES referenced in keywords).",
    "Attention to trade in goods statistics and strengthening international cooperation in statistics compilation.",
    "Consideration of special purpose vehicles / special purpose entities (keywords: G. special purpose entities; Special purpose vehicle) in the context of external sector statistics and international investment position compilation.",
    "Inclusion of specific visitor types in VES analysis (keyword: yacht visitor).",
    "Use extrapolation methods to scale low-season VES results for improved travel export estimates in the BOP.",
    "Integrate VES findings with other data sources (SD and MTD coordination) to produce more robust travel export statistics.",
    "Strengthen trade in goods data compilation procedures to enhance external sector statistics accuracy.",
    "Enhance international cooperation and data sharing to support compilation of the international investment position and related external sector measures.",
    "Address treatment and statistical implications of special purpose entities / special purpose vehicles in external sector and international investment position statistics.",
    "Subject: Asset and liability management; Economic and financial statistics; Expenditure; Exports; External position; External sector statistics; International investment position; International trade; Special purpose vehicle.",
    "Keywords: balance of payments statistics.; Caribbean; Exports; External sector statistics; G. special purpose entities; high-season VES; International investment position; low-season Visitor Expenditure Survey; Montserrat; Special purpose vehicle; VES result; yacht visitor.",
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