Update of the sixth edition of the Balance of Payments and International Investment Position Manual (BPM6)
The IMF Statistics Department has launched the update of the sixth edition of the Balance of Payments and International Investment Position Manual (BPM6) targeting to publish an updated version of the Manual (BPM7) by March 2025. The BPM6 update is being coordinated with the update of the System of National Accounts 2008 (2008 SNA), which was officially launched by the United Nations Statistical Commission (UNSC) also with a target release date of March 2025.
Key elements of the BPM6 Update process and the timetable were endorsed by the IMF’s Committee on Balance of Payments Statistics (BOPCOM) at its Thirty-Third Meeting in March 2020.
The two phases of the update process are:
- Phase I (March 2020–March 2022): finalization of the detailed research on the issues identified in the Compendium of Research Issues and discuss how they would impact the new version of the Manual (BPM7) and
- Phase II (April 2022–March 2025): finalization of the Annotated Outline and drafting of the chapters/annexes of the BPM7, and extensive consultations about the proposed changes.
BPM7 Outreach Events
Two rounds of regional outreach seminars are being held to raise global awareness, engage with countries, explain the proposed changes in BPM7, collect input from compilers, and discuss implementation plans.
The first round of outreach seminars is being held virtually. Most events will also be covering the proposed changes in the 2025 System of National Accounts (2025 SNA). Below are the materials that were used during the outreach events that were conducted so far.
Please note that the material in each seminar may include some updates compared to the previous seminars, taking into consideration the developments during the respective periods.
|
Collaborating Institutions |
Dates |
Agenda |
Presentations |
| African Union Statistical Institute (STATAFRIC)/UN Economic Commission for Africa (UNECA)/IMF | April 23-25, 2024 | ENG | |
| United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP)/IMF |
March 26-27 & |
ENG | |
|
European Central Bank (ECB)/EUROSTAT/IMF |
March 12-15, 2024 |
||
|
United Nations Economic Commission for Europe (UNECE)/IMF |
March 6-7, 2024 |
||
|
The Caucasus, Central Asia, and Mongolia Regional Capacity Development Center (CCAMTAC)/IMF |
January 23-25, 2024 |
||
|
Arab Monetary Fund (AMF)/IMF |
December 12-14, 2023 |
||
|
Center for Latin American Monetary Studies (CEMLA)/IMF (BPM Only) |
May 23-24, 2023 |
The second round of seminars is planned to kick off in 2025, after the publication of BPM7 and the 2025 SNA, and extend into 2026.