Sierra Leone Implements the International Monetary Fund’s Enhanced General Data Dissemination System
IMF News, January 24, 2017
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- Sierra Leone Implements the International Monetary Fund’s Enhanced General Data Dissemination System
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Bibliographic details
- Published: January 24, 2017
Implementation summary
- Press Release No. 17/16
- Date: January 24, 2017
- Sierra Leone has implemented the recommendations of the Enhanced General Data Dissemination System (e-GDDS), endorsed by the IMF Executive Board in May 2015.
- The country has disseminated a National Summary Data Page (NSDP) that serves as a one-stop publication vehicle for essential macroeconomic data in both human and machine-readable formats.
- Sierra Leone is in the first wave of countries to implement the recommendations of the e-GDDS.
NSDP publication and technical details
- The NSDP is posted on the websites of Statistics Sierra Leone, the Bank of Sierra Leone, and the Ministry of Finance and Economic Development.
- The NSDP utilizes the Statistical Data and Metadata Exchange (SDMX) on the Open Data Platform provided by the African Development Bank.
- A link to Sierra Leone’s NSDP is available on the IMF’s Dissemination Standards Bulletin Board at: http://nso.sierraleone.opendataforafrica.org/xaacebc/national-summary-data-page-nsdp
Expected benefits and stakeholders served
- Publication of essential macroeconomic data through the new NSDP will:
- Provide national policy makers with easy access to critical information.
- Provide a broad range of domestic and international stakeholders, including investors and rating agencies, with easy access to information identified by the IMF’s Executive Board as critical for monitoring economic conditions and policies.
- Make information simultaneously available to all users, thereby bringing greater data transparency.
- Louis Marc Ducharme, Director of the IMF’s Statistics Department, stated: “I am confident that Sierra Leone will benefit from using the e-GDDS as a framework for further development of its statistical system.”
Background on the e-GDDS
- The e-GDDS was established by the IMF’s Executive Board in May 2015 to:
- Support improved data transparency.
- Encourage statistical development.
- Help create synergies between data dissemination and surveillance.
- The e-GDDS supersedes the GDDS, which was established in 1997.
Contact
- IMF Communications Department — MEDIA RELATIONS
- PRESS OFFICER: Bruno Pierre Silvestre
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
Press Release No. 17/16, January 24, 2017 — IMF Communications Department