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TOPIC
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BOP-INTRODUCTION
BOP - DEFINATION
BOP-STRUCTURE
REVIEW OF INDIAS BOP
COMPONENTS OF STUDY FOR INDIA'S BOP
INDIAS BOP SINCE 1991
CONCLUSION
FUTURE SCOPE
BIBILIOGRAPHY
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BALANCE OF PAYMENTS
The Balance of Payments accounts have been compiled to show the value of all transactions that take place between residents of Sierra Leone and non-residents.
The accounts have been compiled and presented to correspond as closely as possible with the recommendations contained in the Fourth edition as well as part of the recommendations of the Fifth edition of the manual on Balance of Payments statistics as prepared by the International Monetary Fund. There are provisions in the manual for two tables for which Sierra Leone has no external transactions: Table 2 on Non-Monetary Gold, and Table 13 on External Assets and Liabilities of Local Authorities.
For Balance of Payments purposes, residents of Sierra Leone comprise individuals living in Sierra Leone for the period exceeding one year. These include Central Government and Local Authorities; Agencies of the Sierra Leone Government operating abroad i.e. Embassies and all business enterprises and non-profit making organizations and institutions located in Sierra Leone but not their Head Offices and Branches abroad. Branches are treated as residents of the country in which they are located and subsidiaries where they are registered.
Agents, in so far as they act on behalf of an overseas principals are, in general, treated as residents of the country in which the principal is registered. In borderline cases such factors as length of stay, the concentration of earning activities etc., determine the residential classification. Transactions are as far as possible, recorded when the ownership of goods or assets changes between residents and non-residents and also