The lasting interest = LT relationship between the direct investor and the direct investment enterprise and a significant degree of influence on the management of the enterprise. (see also OECD HEGI)ġ0 FDIR Foreign direct investment reflects the objective of establishing a lasting interest by a resident enterprise in one economy (direct investor) in an enterprise resident in an economy other than that of the investor (direct investment enterprise). FDIR allows compilers to determine the population of direct investors and direct investment enterprises to be included in FDI statistics. FDIR (successor of FCS) is the method to identify and to determine the extent and type of DI relationships. Two institutional units resident in different economies and in a FDI relationship. Standard features Asset/liability principle Directional principle and excluding SPEs Supplemental features M&As UIC/UHC Research agendaĨ BMD4 Selected topics FDIR Valuation Scope of FDI statistics Need to consider evolving user requirements Need for clarity Need for continued international co-ordination to achieve harmonised standards (BPM, SNA, HEGI, MSTS, etc)Įxisting recommendations remain unchanged and/or are reinforced, improved, clarified Replacement/removal of existing recommendations. Income HEGI AMNE’s BMD4 FDI statistics Development of new Methodologies IIP FDI (aggr) USERS’ PRIORITY - Pass through investment -M&As - UIC/IHCĦ BMD4 Guiding principles for the revision To provide a single point of reference for FDI statistics clear guidance for individual countries international standards considering the effects of globalisation the basis for a comparable international economic analysis an objective basis to identify methodological differences across countries practical guidance to users of FDI statistics FDI as measures of globalisationĭichotomy of FDI: Part of Balance of Payments statistics/ financial account FDI statistics –(also a leading globalisation indicator) New challenges developing meaningful presentations of FDI excluding transactions through Special Purpose Entities (SPEs) FDI by type (M&As, greenfields, extension of capital, financial restructuring) FDI according to ultimate investing/ultimate host country Research agendaĬhallenges for BMD4 BOP Current Acc. Prepared under the auspices of the OECD Investment Committee Technical work conducted by the OECD experts of the Workshop of International Investment Statistics (of the Investment Committee) First issued in 1983 and revised twice Fourth edition – forthcoming in 2008 Prepared in close co-operation with OECD Member countries, IMF, and other international institutions 1 Benchmark Definition of FDI, 4 edition (BMD4) OECD revises international standards for FDI statistics by Ayse Bertrand Manager, International Investment Statistic Investment Division, Directorate for Financial and Enterprise Affairs, OECD
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