Chapter 14 selected issues in balance of payments and international investment position analysis 222 a introduction 222 b general framework 222 c alternative presentations of balance of payments data 225 d financing a current account deficit 227 e balance of payments adjustment in response to a current account deficit 230. The sixth edition of the balance of payments and international investment position manual bpm6 updates the fifth edition that was released in 1993 the update was undertaken in close collaboration with the imf committee on balance of payments statistics committee and involved extensive consultations with national compilers and regional and international agencies over many years. The manual serves as a base by the member countries for preparing balance of payments and international investment position statistics according to internationally accepted standards the end result is achieving comparable statistics between countries and producing high quality data which would reflect the economic reality the balance of payments and international investment position . The imfs balance of payments and international investment position manual is a set of guidelines for compiling consistent sound and timely balance of payments bop statistics the sixth edition bpm6 was released in 2009 and takes into account important developments in the global economy three major factors influenced the revision