Balance of services and factor income
Second subsection of the current account is the balance of services. Services are increasingly important in international trade. A very important part of the current account balance is also a factor incomes, as in this subsection is taken into account, in particular, income from foreign investments or payments on foreign investment.
It is no accident that this particular subsection of the current account is of particular importance for the development of foreign business in a particular country. Failure to transfer profits earned from investments abroad is a powerful obstacle to foreign investment. The Charter of the IMF has an article, eighth (part 2 (a), 3 and 4), whereby the host country of the obligations set forth in this article, can not continue, in particular, to enter, without obtaining the required consent IMF, restrictions on making payments and transfers for current transactions, introduce multiple currency rates or to establish discriminatory exchange restrictions.
The vast majority of countries - members of the IMF (about 150 at the end of 2001) joined this article. Russia has announced to join the eighth article June 1, 1996
For current transfers are also various unilateral transfers, including the availability of resources and payments on a pro bono basis.