Press Release No. 14/516

Press Release No. 14/516
November 13, 2014

The Federated States of Micronesia began participating today in the IMF’s General Data Dissemination System (GDDS), marking a major step forward in the development of its statistical system. Comprehensive information on the authorities’ statistical production and dissemination practices now appears on the IMF’s Dissemination Standards Bulletin Board. The Federated States of Micronesia is the 113^th GDDS participant and the fourth country to join this system in the last 12 months.

To mark the occasion, Ms. Evelyn Adolph, Director of the Office of Statistics, Budget and Economic Management, Overseas Development Assistance and Compact Management, noted: “The Federated States of Micronesia is committed to use the IMF’s General Data Dissemination System as a general framework to continue developing the national statistical system consistent with the best international practices.”

Mr. Louis Marc Ducharme, Director of the IMF’s Statistics Department, said: “I am pleased to welcome the Federated States of Micronesia’s participation in the GDDS. This is an important milestone, and marks a crucial step for the country’s statistical development.”

The GDDS was established by the IMF in 1997. It provides a framework to help countries to develop their statistical systems to produce comprehensive and accurate statistics for policymaking and analysis.