International investment position and external debt

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The international investment position records the stocks of financial external assets and liabilities. External debt records the stocks of debt liabilities vis-à-vis non-residents; it represents a subset of the liabilities included in the international investment position, excluding its equity component, mutual fund shares and derivative instruments.

The Bank of Italy compiles the international investment position on a quarterly basis in accordance with the methodological conventions established by the sixth IMF Manual (BPM6) and publishes the data in its website (statistical publications and statistical database).

The compilation criteria are reported in “Italy’s balance of payments and international investment position manual” in the “Analysis and Methodology” section.