About gradual transition from the current balance of payments methodology to the methodology set out in the 6th edition of the IMF’s Balance of Payments and International Investment Position Manual

The External and Public Relations Department of the Bank of Russia informs that the Bank of Russia has adopted a decision in principle to accomplish by the end of 2012 a gradual transition from the current balance of payments compilation methodology to the methodology set out in the 6th edition of the IMF’s Balance of Payments and International Investment Position Manual (BPM6). Presently, balance of payments statistics compilation is based upon the recommendations of the 5th edition of the IMF’s BOP Manual (BPM5).

In general, BPM6 methodology is conceptually founded on the methodology of BPM5 published in 1993. Changes do not encompass aggregate balance of payments indicators, and mainly relate to broader scope and more detailed assessment of certain indicators. Increased attention is devoted particularly to the processes linked to globalization of the world economy and to new financial instruments, securitization, foreign investment schemes and special purpose entities.

This general notice about forthcoming changes in the methodology of external sector statistics developed by the Bank of Russia will be followed by further public notices on significant revisions in the disseminated statistical data and tables.

The reference to the Press Service is mandatory if you intend to use this material.

26.10.2009 00.00.00