Philippine Statistics Authority

The Balance of Payments and International Investment Position Manual, sixth edition (BPM6), is an update of the BPM5 which was released in 1993. The revised Manual has been prepared by the IMF's Statistics Department in close collaboration with the IMF Committee on Balance of Payments Statistics (Committee) and involved extensive consultations with national compilers, and regional and international agencies over many years. Like earlier editions, the BPM6 provides guidance on the recording of cross-border transactions and positions according to a set of internationally-agreed guidelines, and provides greater clarity and details on an expanded range of international activities that affect the IMF's member countries. The BPM6 takes into account globalization (for example, currency unions, cross-border production processes, complex international company structures, and issues associated with labor mobility, such as remittances) and builds on the growing interest in examining vulnerability using balance sheet data. It also contains increased and updated guidance on new financial instruments and financial activities linked to innovation. BPM6 makes the international investment position (liP)