The task force reported its recommendations to the IMF BOP Committee meeting in Santiago, Chile, in October 1999. As recommended by the task force, a decision has been made by the IMF BOP Committee to repeat the survey at the reference date of end-December 2001. Some changes have been agreed on the scope of the next survey. Countries should make an effort to collect, on a voluntary basis, data on third party holdings of nonresident households.
Financial derivatives are to be excluded from the scope of the next survey.
Data on portfolio investment liabilities are to be maintained in the survey as non-mandatory requirements. Survey participation would be extended to included all major investing countries and offshore banking centers. The IMF BOP Committee also noted the usefulness of a global securities database as a means of improving the quality of the data, and agreed that a working group would be established to explore what would be involved in the development of such a database. See also the side-bars to this page for additional information on the 1997 and 2001 CPIS surveys.