Maria Borga

Maria Borga is a distinguished economist serving as Deputy Division Chief in the Balance of Payments Division at the International Monetary Fund (IMF), where she leads the update of international statistical standards, including the Balance of Payments and International Investment Position Manual. Her career spans influential roles across major international organizations and government agencies. Prior to the IMF, Borga was a Senior Statistician at the OECD, overseeing the implementation of the Benchmark Definition of Foreign Direct Investment, 4th edition (BD4) and integrating FDI statistics with the Trade in Value Added Database. Her earlier work at the U.S. Bureau of Economic Analysis as Assistant Division Chief for Research and Analysis focused on improving measures of service trade and analyzing the impact of offshoring on U.S. multinational enterprises (MNEs). Borga's research portfolio includes studies on foreign expansion effects on domestic operations of U.S. MNEs, globalization of R&D activities, and adaptation of production processes in foreign manufacturing affiliates. Her academic background includes a B.A. in Economics and B.S. in French from Pennsylvania State University, complemented by a Ph.D. in Economics from Boston University. Borga's expertise in FDI statistics, MNE operations, and international economic analysis has significantly contributed to enhancing global economic measurement standards and understanding the complex dynamics of multinational enterprises in the global economy.