Navigating BPM6: Key Takeaways from L.I.E.I event

Migration to the 6th edition of the balance of payments and PEG manual: Main methodological and conceptual changes

On November 27, FNF Tunisia with the International Economic Integration Laboratory, in collaboration with the Tunis Faculty of Economics and Management, hosted an event to discuss the latest developments in the balance of payments (BP) and the 6th edition of the IMF's BPM and PEG manual (BPM6). The event brought together esteemed speakers from the Bank of Tunisia, including Ms. Hela Khallel Zghal, Director General of Statistics, Ms. Ines Dhouieb, Director of Balance of Payments, and Mr. Sofiane Khalfaoui, Director of Modeling and Databases.

The event aimed to provide insights into the conceptual and regulatory framework of the BP, as well as the main changes introduced in the 6th edition of the IMF's BPM and PEG manual. The speakers delved into the importance of moving to the 6th edition, highlighting the benefits of adopting the new framework and the challenges that come with it.

One of the key takeaways from the event was the emphasis on the purpose of the BP. According to the speakers, the BP serves as a vital tool for policymakers, providing valuable insights into a country's international trade and investment patterns. The BP helps to identify trends, track changes, and inform policy decisions, ultimately contributing to the country's economic development.

The speakers also discussed the importance of data sources in preparing the BP. They highlighted the need for accurate and reliable data, emphasizing the role of statistical agencies in providing high-quality information. The event also touched on the regulatory framework in Tunisia, with the speakers providing an overview of the country's statistical system and the challenges it faces.

The main changes introduced in the 6th edition of the IMF's BPM and PEG manual were also a key focus of the event. The speakers explained the new presentation of BP figures according to BPM6, highlighting the benefits of the new framework and the challenges that come with it. They also discussed the preparation of the PEG according to BPM6, providing insights into the importance of this process.

The event provided valuable insights into the latest developments in the balance of payments and the 6th edition of the IMF's BPM and PEG manual. The speakers' expertise and knowledge helped to shed light on the importance of the BP, the challenges of adopting the new framework, and the role of statistical agencies in providing high-quality data. As the global economy continues to evolve, it is essential for policymakers and practitioners to stay up-to-date with the latest developments in the BP and the IMF's BPM and PEG manual.