IMF Staff Country Reports

Guinea: Technical Assistance Report-Report on Technical Assistance Mission on External Sector Statistics

May 1, 2019

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Guinea: Technical Assistance Report-Report on Technical Assistance Mission on External Sector Statistics, (USA: International Monetary Fund, 2019) accessed December 22, 2024

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Summary

This Technical Assistance report on Guinea addressed issues like: improvement of the surveys on migrant remittances and informal trade; perform detailed technical work to improve external sector statistics (ESS); and participation in the coordinated direct investment survey and the quarterly external debt statistics database. The mission observed that the recommendations from the previous technical assistance mission had been satisfactorily implemented. The report also describes that the timeliness of ESS, based on international standards, should be improved, mainly for the international investment position and the quarterly balance of payments statistics. In order to contribute to progress in the areas discussed in the report, the mission made a one-year detailed action plan, with priority given to the recommendations of importance in improving ESS. The recommendation on reporting reinvested earnings of direct investment enterprises, net increases in insurance company liabilities, and income on reserve assets has partially been implemented.

Subject: Balance of payments, Balance of payments statistics, Economic and financial statistics, Economic sectors, External sector statistics, Financial account, Foreign direct investment, Mining sector

Keywords: Automated balance of payments application, Balance of payments harmonization, Balance of payments item, Balance of payments statistics, Balance of payments unit, BCRG, BCRG survey, Center, Company, CR, Debt statistics, DSBP, DSBP staff, External sector statistics, Financial account, Foreign direct investment, Internet connection, ISCR, Line item, Mining sector, Processing of balance of payments, Utility company, West Africa

Publication Details

  • Pages:

    31

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2019/115

  • Stock No:

    1GINEA2019003

  • ISBN:

    9781498312578

  • ISSN:

    1934-7685