Switzerland Adheres to the International Monetary Fund’s Special Data Dissemination Standard Plus
IMF News, January 19, 2021
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- Switzerland Adheres to the International Monetary Fund’s Special Data Dissemination Standard Plus
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- Published: January 19, 2021
Adherence announcement
- Switzerland has completed the requirements for adherence to the IMF’s Special Data Dissemination Standard (SDDS) Plus—the highest tier of the Data Standards Initiatives.
- Date of announcement: January 19, 2021.
- Contact listed: PRESS OFFICER: Pemba Sherpa; Phone: +1 202 623-7100; Email: MEDIA@IMF.org; @IMFSpokesperson.
- Statement from IMF official: Mr. Louis Marc Ducharme, Director of the IMF’s Statistics Department and Chief Statistician and Data Officer, said: “the dissemination of the new data sets under the SDDS Plus will be invaluable in fostering a deeper understanding and more informed assessments of the performance of Switzerland’s financial sector, the cross-border-financial linkages, and the vulnerabilities of the economy to shocks.”
Scope and purpose of SDDS Plus
- The SDDS Plus builds on the SDDS.
- Purpose: to assist statistically advanced countries with the publication of comprehensive, timely, and reliable economic and financial data.
- Target countries: those that have systematically important financial sectors integral to the working of the international monetary system.
Data accessibility
- Switzerland’s SDDS Plus data are accessible through the Dissemination Standards Bulletin Board.
- Further DSBB information referenced: https://dsbb.imf.org
Background on the Data Standards Initiatives
- 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.
- Rationale: 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 (e-GDDS).
Source: Press Release No. 21/17 — Switzerland Adheres to the International Monetary Fund’s Special Data Dissemination Standard Plus (January 19, 2021).