Press Release: Republic of Moldova Subscribes to the IMF Special Data Dissemination Standard
IMF News, May 3, 2006
Source details
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- Press Release: Republic of Moldova Subscribes to the IMF Special Data Dissemination Standard
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Bibliographic details
- Published: May 3, 2006
Key event
- Press Release No. 06/87
- Date: May 3, 2006
- On May 2, 2006, Moldova became the 63rd subscriber to the International Monetary Fund's Special Data Dissemination Standard (SDDS).
- Moldova is the sixth country to move from participation in the General Data Dissemination System (GDDS) to SDDS subscription.
Official statements and significance
- Mr. Robert Edwards, Director of the IMF Statistics Department, expressed appreciation of Moldova's subscription to the SDDS.
- Mr. Edwards noted this is a major step for Moldovan official statistics and for its data users.
- He also noted the subscription is a sign of Moldova's strong commitment to transparency and a significant achievement in implementing internationally accepted good practices in statistics.
Purpose and features of the SDDS
- The SDDS was established by the IMF in March 1996.
- The SDDS is intended to guide members in the provision of their economic and financial data to the public.
- Subscription is voluntary; a subscribing member commits to observe the standard and to provide information (metadata) to the IMF about its data dissemination practices.
- The SDDS identifies four dimensions of data dissemination:
- the data: coverage, periodicity, and timeliness;
- access by the public;
- the integrity of the disseminated data;
- the quality of the disseminated data.
- Subscription to the SDDS is expected to enhance the availability of timely and comprehensive statistics, thereby contributing to the pursuit of sound macroeconomic policies and the improved functioning of financial markets.
Dissemination Standards Bulletin Board (DSBB) and Moldova
- The DSBB now provides comprehensive documentation in English on Moldova's statistical practices for SDDS data categories.
- Documentation on the DSBB is hyperlinked to actual country data included in the mandatory National Summary Data Page maintained by the National Bureau of Statistics.
Source: Press Release: Republic of Moldova Subscribes to the IMF Special Data Dissemination Standard (May 3, 2006).