The concept of balance-of-payments-constrained economic growth has long served as a vital framework for understanding how external imbalances can limit long-run economic expansion. This approach ...
On March 20, 2025, the IMF released the seventh edition of the Integrated Balance of Payments and International Investment Position Manual (BPM7, the Manual), updating global standards for external ...
Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. The IMF’s surveillance cycle for China is wrapping up, and at least judging from ...
Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. The most important part of the IMF’s latest assessment of China is—alas—the ...
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