## United Kingdom-Montserrat-British Overseas Territory: Technical Assistance Report-Report on External Sector Statistics Mission (October 14–25, 2024)

_Technical Assistance Reports, June 11, 2025_

## Source details

**Canonical URL:** [United Kingdom-Montserrat-British Overseas Territory: Technical Assistance Report-Report on External Sector Statistics Mission (October 14–25, 2024)](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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## Bibliographic details
- Published: June 11, 2025
- Series: Technical Assistance Reports
- DOI: https://doi.org/10.5089/9798229012331.019

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### Mission overview
- 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:
  - Pages: 32
  - Volume: 2025
  - Issue: 062
  - Series: Technical Assistance Report No. 2025/062
  - Stock No: TAREA2025062
  - DOI: https://doi.org/10.5089/9798229012331.019
  - ISBN: 9798229012331
  - ISSN: 3005-4575

### Primary objectives and scope
- 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).

### Key substantive findings and analytical focus
- 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).

### Policy and technical recommendations (mission emphasis)
- 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.

### Keywords and subject coverage
- 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.

*International Monetary Fund. Technical Assistance Reports 2025, 062 (2025).*

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_Source: 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_