The recent crisis has put additional pressures on countries for having a clear overview of their international activities. Thus, conducting precise and comprehensive analyses of the balance of payments, foreign direct investment, international investment position, foreign reserves, and external debt is a precondition for understanding the state of the economy, its resilience, and potential threats. The aim of the learning initiative is to introduce internationally comparable statistics methodologies and standards that countries should follow in their reporting for further decision-making.
What you will learn
The course provides training on the methodology for compiling and disseminating cross-border position statistics, including:
- International Investment Position (IIP), such as the memoranda and supplementary data items);
- External Debt Position, including currency composition, remaining maturity, and debt service schedule;
- Coordinated Portfolio Investment Survey (CPIS), including sectoral data; and
- Coordinated Direct Investment Survey (CDIS), including work on bilateral asymmetries.
Participants will have the opportunity to discuss problems encountered in their work in compiling cross-border position statistics in their countries.
The course will be based on:
- Sixth edition of the Balance of Payments and International Investment Position Manual (BPM6);
- 2013 External Debt Statistics: Guide for Compilers and Users;
- 2015 CDIS Guide;
- 2010 CPIS Guide; and
- G-20 Data Gaps Initiatives.
How you will benefit
By the end of the course, participants will have:
- improved their knowledge about the methodology for compiling/disseminating cross border position statistics, including the main changes introduced with BPM6
- learned from experiences of other compilers in the region
- improved their knowledge of specific compilation issues and inter-linkages across datasets
- discussed analytical uses of these statistics
- identified the need for expanding their compilation programs to include memorandum and supplementary items of the IIP, and encouraged tables for external debt
- learned new developments on cross border position statistics in the context of the G20 Data Gaps Initiative (DGI).
Who should attend
The event has been designed for officials whose main responsibility is compiling international investment position (IIP) and/or external debt statistics, as well as the Coordinated Portfolio Investment Survey (CPIS) or Coordinated Direct Investment Survey (CDIS).
Requirements
You are kindly requested to bring your own laptop with basic software (MS Excel, Word, PowerPoint) to the event.
Faculty
Eduardo Valdivia-Velarde, Deputy Chief of the Balance of Payments Division, Statistics Department, IMF
Eduardo Valdivia-Velarde holds a Ph.D. (ABD) in Economics from the University of Maryland, United States, and joined the International Monetary Fund (IMF) in May 2001, as a Senior Economist in the Statistics Department. As Deputy Chief of the Balance of Payments Division, he oversees methodological work, data initiatives, and capacity building activities on balance of payments and other external sector statistics. In early 2015, he was appointed Regional Manager of the Statistics Department for Western Hemisphere countries.
He was a primary drafter of the External Debt Statistics: Guide for Compilers and Users, 2013; contributed to the BPM6, 2009, and its companion document BPM6 Compilation Guide, 2013, and oversaw the preparation of the CDIS Guide, 2015. Mr. Valdivia-Velarde is a frequent lecturer in IMF courses and guest lecturer/speaker in seminars and conferences on balance of payments, international investment position, direct investment, and external debt statistics organized by international and regional organizations, including the Irving Fischer Committee, the Commonwealth Secretariat, UNCTAD, ECLAC, MEFMI, and WAIFEM.
Prior to joining the Fund, Mr. Valdivia-Velarde was Senior Advisor to the Minister of Economy and Finance of Peru and Deputy External Sector Manager of the Central Bank of Peru.
Colleen Cardillo, Expert on External Sector Statistics
Colleen Cardillo is currently an Expert reporting to the International Monetary Fund (IMF). She retired from the IMF in June 2013 after eleven years working in the Balance of Payments Division of the Statistics Department (STA). Her main areas of responsibility as senior economist included managing the International Investment Position (IIP) Pipeline Project to increase the number of countries reporting IIP data to STA, the development of world and regional balance of payments and IIP tables for the Balance of Payments Statistics Yearbook, overseeing the provision of external sector data for input to the IMF’s quota exercise, as well as providing technical assistance and training.
Ms. Cardillo co-authored the International Investment Position: A Guide to Data Sources and more recently the Quarterly International Investment Position Statistics: Data Sources and Compilation Techniques, aimed at providing practical guidance to countries on IIP compilation.
Prior to her work with the Fund, Ms. Cardillo worked as a senior analyst at Statistics Canada in the Balance of Payments and International Investment Position Division.
Application procedure
Application Closing Date: Nov 15,2015
