Maria Borga is the Deputy Division Chief in the Balance of Payments Division of the International Monetary Fund (IMF). Prior to joining the IMF in June 2020, she was a Senior Statistician in the Investment Division of the Organisation for Economic Cooperation and Development (OECD). There, she oversaw the collection and dissemination of Foreign Direct Investment (FDI) statistics by the OECD. Her research includes integrating FDI statistics into the OECD’s Trade in Value Added Database and harmonizing and linking FDI statistics with statistics on the operations of multinational enterprises (MNEs). Before joining the OECD, Dr. Borga served as Assistant Division Chief for Research and Analysis in the Balance of Payments Division of the U.S. Bureau of Economic Analysis (BEA). She led research into improving BEA’s measures of banking, wholesale and retail trade, and insurance services to better capture trade in these services and into the impact that the offshoring of both goods and services has had on employment at the parent companies of U.S. MNEs. Her other research included the impact of foreign expansion on the domestic operations of U.S. MNEs, globalization of R&D activities within MNEs, and adaptation of production processes to host country factor prices at U.S. MNEs’ foreign manufacturing affiliates. She chaired the BEA committee responsible for implementing the new international standards for BOP and IIP accounts. It was a multi-year effort to improve methodologies, data sources, coverage, and classifications of international transactions. She received a B.A. in Economics and a BS in French from the Pennsylvania State University and a PhD in Economics from Boston University.