{"id":43255,"date":"2023-09-21T16:26:25","date_gmt":"2023-09-21T16:26:25","guid":{"rendered":"https:\/\/www.africa-press.net\/gambia\/?p=43255"},"modified":"2023-09-21T13:19:51","modified_gmt":"2023-09-21T13:19:51","slug":"imf-waifem-regional-training-on-balance-of-payment-statistics-underway-in-banjul","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/gambia\/all-news\/imf-waifem-regional-training-on-balance-of-payment-statistics-underway-in-banjul","title":{"rendered":"IMF, WAIFEM regional training on balance of payment statistics underway in Banjul"},"content":{"rendered":"

Africa-Press – Gambia. <\/strong><\/span>The International Monetary Fund (IMF), in collaboration with the West African Institute for Financial and Economic Management (WAIFEM) yesterday began a five-day regional training on balance of payment statistics in Banjul.<\/b><\/p>\n

Speaking at the event held at Paradise Suites Hotel, Baboucar Cham, head of Human Resources at the Central Bank of The Gambia, explained that external statistics, which comprise the balance of payments and other statistics are among the primary statistics which policymakers and markets rely as a basis for the decisions.<\/p>\n

He added that the balance of payments records the value of a country\u2019s transactions with the rest of the world in goods, services, income, and transfers, as well as the changes in a country\u2019s financial claims and liabilities to the rest of the world.<\/p>\n

\u201cThese statistics on the external sector are key to policymakers, and analysts in the public sector, private sector and international organisations. This is because external sector statistics assist economic agents to determine the link between the domestic and external economy, and the sustainability of the factors influencing external transactions,\u201d he stated.<\/p>\n

Mr. Cham further said that various central banks in the member countries are at varied stages in the implementation of the balance of payment Manual VI and are adopting their data collection methodologies to the new guide as well as broadening the scope of the collection.<\/p>\n

Cham reiterated that the compilation of external statistics is becoming more complicated due to recent changes such as transactions, explaining that there have been changes in institutional units; the nature of current account transactions, and an increase in cross-border financial activity, among others.<\/p>\n

\u201cHence, monitoring and enhancing data quality in the context of such rapidly changing economies tend to impose heavy constraints on compilers of such external statistics,\u201d he said.<\/p>\n

Emmanuel Owusu-Afriyie, director of the Research and Macroeconomic Management Department at WAIFEM, also reiterated that the objective of the training was to get participants acquainted with the revised Balance of Payments Manual (BPM6).<\/p>\n

He highlighted that the training was expected to upgrade the knowledge and skills of participants in the compilation of the balance of payments, the systems of national accounts and the interlinkages between the balance of payments and the sectoral accounts.<\/p>\n

\u201cThe training has been designed to cover several key topics such as conceptual framework and core accounting principles, financial instruments and functional categories in BPM6, goods account, service account, primary income account, secondary income and capital accounts, direct investment, portfolio and other investment, reserve assets; main achievements, challenges and prospects, international investment position as well as training,\u201d he said.<\/p>\n

For More News And Analysis About Gambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Gambia. The International Monetary Fund (IMF), in collaboration with the West African Institute for Financial and Economic Management (WAIFEM) yesterday began a five-day regional training on balance of payment statistics in Banjul. Speaking at the event held at Paradise Suites Hotel, Baboucar Cham, head of Human Resources at the Central Bank of The […]<\/p>\n","protected":false},"author":84,"featured_media":43254,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12],"tags":[2355,2361,260],"class_list":["post-43255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","tag-africa-press","tag-africa-press-gambia","tag-gambia"],"yoast_head":"\nIMF, WAIFEM regional training on balance of payment statistics underway in Banjul - Gambia<\/title>\n<meta name=\"description\" content=\"The International Monetary Fund (IMF), in collaboration with the West African Institute for Financial and Economic Ma ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/gambia\/all-news\/imf-waifem-regional-training-on-balance-of-payment-statistics-underway-in-banjul\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF, WAIFEM regional training on balance of payment statistics underway in Banjul\" \/>\n<meta property=\"og:description\" content=\"The International Monetary Fund (IMF), in collaboration with the West African Institute for Financial and Economic Ma ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/gambia\/all-news\/imf-waifem-regional-training-on-balance-of-payment-statistics-underway-in-banjul\" \/>\n<meta property=\"og:site_name\" content=\"Gambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-21T16:26:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2023\/09\/sm_1695289558.088266.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/imf-waifem-regional-training-on-balance-of-payment-statistics-underway-in-banjul#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/imf-waifem-regional-training-on-balance-of-payment-statistics-underway-in-banjul\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"IMF, WAIFEM regional training on balance of payment statistics underway in Banjul\",\"datePublished\":\"2023-09-21T16:26:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/imf-waifem-regional-training-on-balance-of-payment-statistics-underway-in-banjul\"},\"wordCount\":451,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/imf-waifem-regional-training-on-balance-of-payment-statistics-underway-in-banjul#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2023\/09\/sm_1695289558.088266.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Gambia\",\"Gambia\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/gambia\/all-news\/imf-waifem-regional-training-on-balance-of-payment-statistics-underway-in-banjul#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/imf-waifem-regional-training-on-balance-of-payment-statistics-underway-in-banjul\",\"url\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/imf-waifem-regional-training-on-balance-of-payment-statistics-underway-in-banjul\",\"name\":\"IMF, WAIFEM regional training on balance of payment statistics underway in Banjul - Gambia\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/imf-waifem-regional-training-on-balance-of-payment-statistics-underway-in-banjul#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/imf-waifem-regional-training-on-balance-of-payment-statistics-underway-in-banjul#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2023\/09\/sm_1695289558.088266.jpg\",\"datePublished\":\"2023-09-21T16:26:25+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"The International Monetary Fund (IMF), in collaboration with the West African Institute for Financial and Economic Ma ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/imf-waifem-regional-training-on-balance-of-payment-statistics-underway-in-banjul#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/gambia\/all-news\/imf-waifem-regional-training-on-balance-of-payment-statistics-underway-in-banjul\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/imf-waifem-regional-training-on-balance-of-payment-statistics-underway-in-banjul#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2023\/09\/sm_1695289558.088266.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2023\/09\/sm_1695289558.088266.jpg\",\"width\":1280,\"height\":720,\"caption\":\"IMF, WAIFEM regional training on balance of payment statistics underway in Banjul\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/imf-waifem-regional-training-on-balance-of-payment-statistics-underway-in-banjul#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/gambia\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"IMF, WAIFEM regional training on balance of payment statistics underway in Banjul\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#website\",\"url\":\"https:\/\/www.africa-press.net\/gambia\/\",\"name\":\"Gambia\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/gambia\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"IMF, WAIFEM regional training on balance of payment statistics underway in Banjul - Gambia","description":"The International Monetary Fund (IMF), in collaboration with the West African Institute for Financial and Economic Ma ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/gambia\/all-news\/imf-waifem-regional-training-on-balance-of-payment-statistics-underway-in-banjul","og_locale":"en_US","og_type":"article","og_title":"IMF, WAIFEM regional training on balance of payment statistics underway in Banjul","og_description":"The International Monetary Fund (IMF), in collaboration with the West African Institute for Financial and Economic Ma ...","og_url":"https:\/\/www.africa-press.net\/gambia\/all-news\/imf-waifem-regional-training-on-balance-of-payment-statistics-underway-in-banjul","og_site_name":"Gambia","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2023-09-21T16:26:25+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2023\/09\/sm_1695289558.088266.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/gambia\/all-news\/imf-waifem-regional-training-on-balance-of-payment-statistics-underway-in-banjul#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/gambia\/all-news\/imf-waifem-regional-training-on-balance-of-payment-statistics-underway-in-banjul"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"IMF, WAIFEM regional training on balance of payment statistics underway in Banjul","datePublished":"2023-09-21T16:26:25+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/gambia\/all-news\/imf-waifem-regional-training-on-balance-of-payment-statistics-underway-in-banjul"},"wordCount":451,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/gambia\/all-news\/imf-waifem-regional-training-on-balance-of-payment-statistics-underway-in-banjul#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2023\/09\/sm_1695289558.088266.jpg","keywords":["Africa Press","Africa Press-Gambia","Gambia"],"articleSection":["all news","head lines","policy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/gambia\/all-news\/imf-waifem-regional-training-on-balance-of-payment-statistics-underway-in-banjul#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/gambia\/all-news\/imf-waifem-regional-training-on-balance-of-payment-statistics-underway-in-banjul","url":"https:\/\/www.africa-press.net\/gambia\/all-news\/imf-waifem-regional-training-on-balance-of-payment-statistics-underway-in-banjul","name":"IMF, WAIFEM regional training on balance of payment statistics underway in Banjul - Gambia","isPartOf":{"@id":"https:\/\/www.africa-press.net\/gambia\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/gambia\/all-news\/imf-waifem-regional-training-on-balance-of-payment-statistics-underway-in-banjul#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/gambia\/all-news\/imf-waifem-regional-training-on-balance-of-payment-statistics-underway-in-banjul#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2023\/09\/sm_1695289558.088266.jpg","datePublished":"2023-09-21T16:26:25+00:00","author":{"@id":"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"The International Monetary Fund (IMF), in collaboration with the West African Institute for Financial and Economic Ma ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/gambia\/all-news\/imf-waifem-regional-training-on-balance-of-payment-statistics-underway-in-banjul#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/gambia\/all-news\/imf-waifem-regional-training-on-balance-of-payment-statistics-underway-in-banjul"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/gambia\/all-news\/imf-waifem-regional-training-on-balance-of-payment-statistics-underway-in-banjul#primaryimage","url":"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2023\/09\/sm_1695289558.088266.jpg","contentUrl":"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2023\/09\/sm_1695289558.088266.jpg","width":1280,"height":720,"caption":"IMF, WAIFEM regional training on balance of payment statistics underway in Banjul"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/gambia\/all-news\/imf-waifem-regional-training-on-balance-of-payment-statistics-underway-in-banjul#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/gambia\/"},{"@type":"ListItem","position":2,"name":"IMF, WAIFEM regional training on balance of payment statistics underway in Banjul"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/gambia\/#website","url":"https:\/\/www.africa-press.net\/gambia\/","name":"Gambia","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/gambia\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/gambia\/wp-json\/wp\/v2\/posts\/43255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/gambia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/gambia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/gambia\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/gambia\/wp-json\/wp\/v2\/comments?post=43255"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/gambia\/wp-json\/wp\/v2\/posts\/43255\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/gambia\/wp-json\/wp\/v2\/media\/43254"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/gambia\/wp-json\/wp\/v2\/media?parent=43255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/gambia\/wp-json\/wp\/v2\/categories?post=43255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/gambia\/wp-json\/wp\/v2\/tags?post=43255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}