The United Arab Emirates Implements the International Monetary Fund’s Enhanced General Data Dissemination System
IMF News, June 29, 2018
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- The United Arab Emirates Implements the International Monetary Fund’s Enhanced General Data Dissemination System
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Bibliographic details
- Published: June 29, 2018
Key announcement
- Press Release No. 18/267
- Date: June 29, 2018
- The United Arab Emirates has launched a National Summary Data Page (NSDP).
- The UAE is the first Gulf Cooperation Council (GCC) country to implement the recommendations of the enhanced General Data Dissemination System (e-GDDS).
- The NSDP is hosted by the Federal Competitiveness and Statistics Authority on its website.
- The NSDP is available on the IMF’s Dissemination Standards Bulletin Board (DSBB) at https://dsbb.imf.org/e-gdds/country/ARE/category.
Purpose and expected benefits
- The NSDP is a national data portal that serves as a one-stop vehicle for publishing essential macroeconomic data in both human and machine-readable formats.
- Publication of essential macroeconomic data through the NSDP will provide:
- domestic policy makers and a broad range of stakeholders, including international investors and rating agencies, with easy access to information identified by the IMF’s Executive Board as critical for monitoring economic conditions and policies;
- simultaneous availability of information to all users, which will bring greater data transparency.
Official remarks
- Louis Marc Ducharme, Chief Statistician and Data Officer of the IMF, stated: “I congratulate the authorities of the United Arab Emirates for the launch of the NSDP, an important step forward in data dissemination. I am confident that the United Arab Emirates 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 endorsed 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.
- A link to the country’s NSDP is available on the IMF’s Dissemination Standards Bulletin Board (DSBB) at https://dsbb.imf.org.
Press contact
- MEDIA RELATIONS
- PRESS OFFICER: Pemba Sherpa
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
Source: IMF press release dated June 29, 2018.
References
- Kingdom of Bahrain and the IMF
- Kuwait and the IMF
- Oman and the IMF
- Qatar and the IMF
- Saudi Arabia and the IMF
- United Arab Emirates and the IMF
- Dissemination Standards Bulletin Board
- General Data Dissemination System
- Press Releases
- PRESS CENTER
- https://dsbb.imf.org/e-gdds/country/ARE/category
- https://dsbb.imf.org
- video
- https://www.imf.org/en/home