China s Flawed Balance of Payments Position

Balance of Payments Manual revision issues

Balance of payments b Period covered

Table 3. Balance of payments, 1989 1992

(i) Balance of payments (geographical breakdown) (Eurostat)

(j) Balance of payments (global data) (Eurostat)

Reconciliation of balance of payments and foreign trade statistics.

(r) External trade and balance of payments (Eurostat 12)

and reduce imbalances in countries apos balance of payments

Source International Monetary Fund, Balance of Payments Statistics Yearbook, 2004.

Table 11. Latin America and the Caribbean balance of payments

Net service Net payments of Balance on current Net movement

6. 24 Jan. 4 Feb. 1993 Statistics Balance of payments

a Including effects on output, employment, budget and balance of payments.

The US could no longer run balance of payments deficits without tears.

However, the Malawi economy continues to be confronted by a major balance of payments deficit problem arising from the large volume of maize imports during the drought.

The revision of the fifth edition of the Balance of Payments Manual is being supervised by the International Monetary Fund (IMF), under the advice of the IMF Committee on Balance of Payments Statistics.

payments has been received, leaving a balance due from Member States of 20,361,092.

(b) A positive effect on balance of payments of countries and reduced import dependency

External trade and investment Foreign investment and balance of payments Foreign trade and balance of payments In 2001 the current account deficit dropped to about 2.2 of GDP (US 1.17 billion) from 3.1 in 2000 while the trade balance registered a small deficit.

payments a profits and interest c account d of capital e Global balance f

IMF and OECD have a joint quarterly reporting system for balance of payments data.

The balance of payments showed a surplus of more than US 1 billion in 1993.

No payments were made during 2004, thus the balance remained at 4,389,609.

One is to refinance non concessional loans indirectly with new concessional balance of payments financing.

Payments received as at the same date amounted to 2,088,163,000, leaving an outstanding balance of 309,446,000.

Without the necessary infrastructure and a stable balance of payments, direct foreign investment would be limited.

Preparations are being made to resume gradually development cooperation with Burundi, including balance of payments support.

Moreover, capital importing developing countries faced a dilemma owing to macroeconomic constraints, especially balance of payments difficulties.

The main focus was on balance of payments support for economic reform, project aid and technical assistance.

53. In Bulgaria, the Bank has been providing balance of payments support through adjustment lending ( 250 million).

The Government of South Africa has not sought access to any of the IMF balance of payments financing facilities.

Several of the recommendations made in the July 2005 Advisory Expert Group meeting were on balance of payments issues, focusing on strengthening the ability of the SNA to capture key features of globalization and ensuring harmony with the updated Balance of Payments Manual, namely

Aid is also used to finance development projects or to fund governmental balance of payments and budgetary requirements.

B. Financing to reactivate the Central American Common Market and reduce imbalances in countries apos balance of payments

Hence, focus on the balance of payments impact is intended to avoid counting the same item several times.

The problem is not only the Member States apos late or delayed payments there is a more fundamental problem.

The IMF s first role is to assist countries that, as a result of domestic policies, experience balance of payments crises.

Such projects have the multiple benefits of reducing energy shortages, cutting fuel costs and improving the national balance of payments.

115. The focus of donors has been on the provision of emergency balance of payments and of food support to Albania.

The correspondence table between the Central Product Classification and the Extended Balance of Payments Statistics will be revised in line with the revisions and clarifications arising from the revision of the System of National Accounts, the Balance of Payments Manual and the Central Product Classification revision.

However, dollar supremacy means that the US can sustain a much wider balance of payments deficit than other countries.

High world oil prices and capital inflows are strengthening the balance of payments and contributing to exchange rate appreciation.

This would have a negative impact on the balance of payments, macroeconomic stability and the investment needed for growth.

Bilateral creditors arrange balance of payments support in the meantime, which helps prevent the arrears to IMF from increasing.