January 3, 2017
PRESS OFFICER: Bruno Pierre Silvestre
Phone: +1 202 623-7100Email: MEDIA@IMF.org
Denmark has completed the requirements for adherence to the IMF’s Special Data Dissemination Standard (SDDS) Plus — the highest tier of the Data Standards Initiatives. Denmark’s SDDS Plus data are now posted on the Dissemination Standards Bulletin Board at http://dsbb.imf.org/Pages/SDDS/Home.aspx?sp=y .
Mr. Louis Marc Ducharme, Director of the IMF’s Statistics Department, welcomed Denmark’s adherence and noted that “the dissemination of the new data sets under the SDDS Plus will be invaluable in fostering a more informed assessment of the performance of Denmark’s financial sector, the cross-border-financial linkages, and the vulnerabilities of the economy to shocks.”
The SDDS Plus builds on the SDDS and its purpose is to assist statistically advanced countries with regard to the publication of comprehensive, timely, and reliable economic and financial data in an environment of continuing economic and financial integration.
The Data Standards Initiatives were established in the mid-1990s to enhance member countries’ data transparency and to promote the development of sound statistical systems. The need for data standards was highlighted by the financial crises of the mid-1990s and again in the late-2000s, when information deficiencies were seen to play a role.
The Data Standards Initiatives also include the SDDS and the Enhanced General Data Dissemination System. Detailed information on the Data Standards Initiatives can be found on the Dissemination Standards Bulletin Board at www.dsbb.imf.org. For more information on SDDS Plus and its worldwide launch also see the IMF’s press release of November 18, 2014.
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