Kuwait Implements the International Monetary Fund’s Enhanced General Data Dissemination System
IMF News, September 23, 2021
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Bibliographic details
- Published: September 23, 2021
Key actions taken
- Kuwait has implemented the recommendations of the IMF’s Enhanced General Data Dissemination System (e-GDDS) by publishing essential data through the National Summary Data Page (NSDP).
- The NSDP is hosted by the Central Bank of Kuwait, utilizing the Statistical Data and Metadata Exchange.
- A link to Kuwait’s NSDP is available on the IMF’s Dissemination Standards Bulletin Board.
- The NSDP contains links to statistics published by the Central Bank of Kuwait, the Ministry of Finance, and the Central Statistical Bureau.
Purpose and expected benefits
- The e-GDDS, established by the IMF in 2015, aims to:
- support improved data transparency,
- encourage statistical development,
- help create synergies between data dissemination and policymaking.
- The NSDP serves as a national “data portal” and one-stop publication vehicle for essential macroeconomic data on:
- national accounts,
- government operations and debt,
- monetary and financial sector,
- balance of payments.
- Publication of essential macroeconomic data through the NSDP will:
- provide national policy makers and domestic and international stakeholders, including investors and rating agencies, with easy access to information critical for monitoring economic conditions and policies,
- make information accessible in both human- and machine-readable formats to allow users to have access to timely data and bring greater data transparency.
Institutional endorsement
- Louis Marc Ducharme, Chief Statistician and Data Officer of the IMF, and Director of the Statistics Department, stated: “I am confident that Kuwait will benefit from using the e-GDDS as a framework for further development of its statistical system.”
International Monetary Fund — Press Release No. 21/275, September 23, 2021.