Guinigundo stated that overseas direct funding for the first six months also supported the BOP surplus with the aid of almost ninety five percent yr-on-year whilst overseas portfolio flows rose through more than three,three hundred percentage from a terrible $64 million in 2015 to greater than $2 billion.
The BOP summarizes the u . S . A .’s monetary transactions with the relaxation of the world over a certain length. It consists of the cutting-edge account, capital, and economic debts.
The payments surplus closing 12 months reached $2.Sixty two billion, reversing the $2.86 billion deficit recorded in 2014.
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