The Federated States of Micronesia Implement the IMF's Enhanced General Data Dissemination System
IMF News, August 2, 2017
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- Published: August 2, 2017
Mission and implementation support
- A mission of the International Monetary Fund (IMF)’s Statistics Department visited Pohnpei in May 2017 to assist the authorities with:
- implementation of the Enhanced General Data Dissemination System (e-GDDS), and
- development of a National Summary Data Page (NSDP).
- Over the past months, the main statistical agencies involved have worked together to finalize the NSDP, utilizing the Statistical Data and Metadata Exchange (SDMX).
National Summary Data Page (NSDP) publication and access
- The NSDP serves as a one-stop publication vehicle for essential macroeconomic data.
- The NSDP is posted on the website of the Federated States of Micronesia (FSM)’s Division of Statistics at: http://www.fsmstats.fm/?page_id=605.
- The new NSDP has started to give users access to the e-GDDS data categories from July 24, 2017.
- The authorities are preparing to release the data according to a disciplined dissemination schedule based on an Advance Release Calendar.
Benefits for users and stakeholders
- Publication of essential macroeconomic data through the NSDP will provide:
- policy makers and stakeholders, including investors and rating agencies, with easy access to information critical for monitoring economic conditions and policies.
- Making information accessible in both human and machine-readable formats will allow all users to have simultaneous access to timely data.
Transparency and statistical development
- The NSDP and disciplined release schedule are intended to bring greater data transparency to all users at the same time.
- The authorities expressed that they are very pleased that the FSM has reached this important milestone in its quest for dissemination of quality statistics.
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, and
- help create synergies between data dissemination and surveillance.
- The e-GDDS supersedes the GDDS, which had been established in 1997.
- A link to the country’s NSDP is available on the IMF’s Dissemination Standards Bulletin Board (DSBB), at: http://dsbb.imf.org.
Contact and press information
- Press Release No. 17/317
- Date: August 2, 2017
- IMF Communications Department — MEDIA RELATIONS
- PRESS OFFICER: Bruno Pierre Silvestre
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
Source: The Federated States of Micronesia Implement the IMF's Enhanced General Data Dissemination System — https://www.imf.org/en/news/articles/2017/08/02/pr17317-the-federated-states-of-micronesia-implement-imf-enhanced-general-data-dissemination-system