Direct Reporting of Private Sector Cross-Border Financial Flows and Stocks in Selected African Countries
Technical Notes and Manuals, February 27, 2014
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- Direct Reporting of Private Sector Cross-Border Financial Flows and Stocks in Selected African Countries
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Bibliographic details
- Authors: Kenneth Egesa, Howard Murad
- Published: February 27, 2014
- Series: Technical Notes and Manuals
- DOI: https://doi.org/10.5089/9781475557985.005
Overview and purpose
- Private cross-border financial flows and stocks have grown to account for an increasingly significant part of overall transactions and positions in many African countries.
- Direct reporting through enterprise surveys has become a key data source to enable them to be measured accurately.
- The paper describes a multi-year technical assistance project in The Gambia, Ghana, Kenya, Mauritius, Mozambique, and Nigeria, where annual enterprise surveys are now established.
- To varying degrees, the survey results have been incorporated into the balance of payments and International Investment Position statistics.
- The case studies may serve as a useful reference for other countries embarking on efforts to establish direct reporting of cross-border financial flows and stocks.
Methodology: direct reporting via enterprise surveys
- Annual enterprise surveys established in The Gambia, Ghana, Kenya, Mauritius, Mozambique, and Nigeria.
- Direct reporting focuses on private sector cross-border financial flows and stocks through enterprise-level data collection.
- Survey results used to improve measurement of balance of payments and International Investment Position (IIP) statistics.
Case studies and incorporation into statistics
- Participating countries: The Gambia, Ghana, Kenya, Mauritius, Mozambique, Nigeria.
- Degree of incorporation of survey results into official statistics varies across countries.
- Case studies present operational experience from the multi-year technical assistance project, illustrating practical steps for establishing direct reporting and integrating results into BOP and IIP compendia.
Key findings and uses
- Direct enterprise reporting is a practicable approach to capturing increasingly significant private cross-border financial flows and stocks.
- Annual enterprise surveys provide a sustained data source for national compilers of balance of payments and IIP statistics.
- The documented country experiences offer reference guidance for other countries seeking to implement direct reporting mechanisms.
Subjects and keywords (as listed)
- Subjects:
- Balance of payments
- Balance of payments statistics
- Economic and financial statistics
- External position
- Financial institutions
- Foreign direct investment
- International investment position
- Portfolio investment
- Stocks
- Keywords:
- Africa
- Balance of payments statistics
- Balance of Payments Statistics in Africa
- balance sheet account
- EDDI project
- enterprise group
- enterprise survey
- Foreign direct investment
- IIP data
- International Capital Flows
- International Investment Position
- portfolio investment
- Portfolio investment
- Stocks
- survey frame
- TNM
Publication and metadata
- Authors: Kenneth Egesa, Howard Murad
- Date: February 27, 2014
- Series: Technical Notes and Manuals No. 2013/002
- Issue: 002
- Volume: 2013
- Pages: 51
- DOI: https://doi.org/10.5089/9781475557985.005
- Stock No: TNMEA2013002
- ISBN: 9781475557985
- ISSN: 2075-8669
- Note: "This Technical Guidance Note should not be reported as representing the views of the IMF. The views expressed in this Note are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management."
Direct Reporting of Private Sector Cross-Border Financial Flows and Stocks in Selected African Countries, Kenneth Egesa and Howard Murad, February 27, 2014.