Angola Implements the IMF’s Enhanced General Data Dissemination System
IMF News, December 6, 2018
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- Angola Implements the IMF’s Enhanced General Data Dissemination System
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Bibliographic details
- Published: December 6, 2018
Key facts and metadata
- Press Release No. 18/456
- Date: December 6, 2018
- Issued by: IMF Communications Department, MEDIA RELATIONS
- PRESS OFFICER: Pemba Sherpa
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
Implementation summary
- Angola has implemented the recommendations of the IMF’s Enhanced General Data Dissemination System (e-GDDS).
- Implementation accomplished by publishing critical data through a “data hub” — National Summary Data Page (NSDP).
- The e-GDDS was established by the IMF’s Executive Board in 2015.
NSDP platform, content, and data producers
- The NSDP serves as a one-stop-shop for essential macroeconomic data on:
- national accounts
- government operations and debt
- monetary and financial sector
- balance of payments
- Data dissemination formats:
- human-readable formats
- machine-readable formats
- The NSDP is maintained through an open data platform provided by:
- the African Development Bank
- the IMF’s Dissemination Standards Bulletin Board
- The NSDP contains links to statistics published by official data producers:
- the Ministry of Finance
- the National Bank of Angola
- the National Institute of Statistics
Expected benefits and operational impacts
- Publication of essential macroeconomic data through the NSDP will reduce data-reporting burdens of Angolan authorities to different agencies and the markets.
- The NSDP will provide national policy makers and 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.
- Publication of timely data according to an Advance Release Calendar is expected to bring positive externality to the markets through enhanced data transparency.
Official reaction
- Louis Marc Ducharme, Chief Statistician and Data Officer of the IMF and Director of the Statistics Department, welcomed the milestone, stating:
- “I congratulate the authorities of Angola for the launch of the NSDP, an important step forward in data dissemination. The publication of data on the NDSP will serve as a public good supporting data transparency for the benefit of policy makers, investors, and the public.”
Source: Angola Implements the IMF’s Enhanced General Data Dissemination System, Press Release No. 18/456, December 6, 2018.