Zimbabwe Implements the International Monetary Fund’s Enhanced General Data Dissemination System
IMF News, March 14, 2023
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- Published: March 14, 2023
Implementation and purpose
- Press Release No. 23/72
- Date: March 14, 2023
- With the successful launch of a new data portal, Zimbabwe has implemented a key recommendation of the IMF’s Enhanced General Data Dissemination System (e-GDDS) to publish essential macroeconomic and financial data.
- The e-GDDS is the first tier of the IMF Data Standards Initiatives that promote transparency as a global public good and encourage countries to voluntarily publish timely data that is essential for monitoring and analyzing economic performance.
- The implementation and launch demonstrate Zimbabwe’s commitment to data transparency and statistical development.
National Summary Data Page (NSDP) — coverage and features
- The National Summary Data Page will serve as a one-stop publication for disseminating the data recommended under the e-GDDS, covering:
- national accounts and prices
- government operations and debt
- the monetary and financial sector
- the external sector
- The NSDP will facilitate access for data users in Zimbabwe and abroad, including policymakers, financial sector, private investors, think tanks, and the media.
- Having data in line with the e-GDDS means it should be accessible in a standardized way to:
- facilitate analysis of economic trends across countries
- provide an early detection of risks to help avert economic crises
- support sustainable economic growth and development
- Thanks to the NSDP, Zimbabwe’s information has become easily accessible in both human- and machine-readable formats for users, resulting in greater data transparency.
Technical implementation and contributors
- The NSDP is hosted on Zimbabwe’s national Open Data Platform (ODP), which is provided by the African Development Bank, and utilizes a modern data publication technology.
- Alinkto Zimbabwe’s National Summary Data Page is available on the IMF’s Dissemination Standards Bulletin Board.
- The data is provided by:
- the Zimbabwe National Statistics Agency
- the Ministry of Finance and Economic Development
- the Reserve Bank of Zimbabwe
- The launch of Zimbabwe’s National Summary Data Page was supported by an IMF technical assistance project financed by the Government of Japan.
Institutional perspectives and benefits
- Bert Kroese, Chief Statistician and Data Officer, and Director of the IMF’s Statistics Department, welcomed this major milestone in the country’s statistical development.
- Quote: “I am confident that Zimbabwe will benefit from using the e-GDDS as a framework for further development of its statistical system,” Mr. Kroese stated.
- The benefits, including better sovereign financing conditions for countries participating in the e-GDDS, have recently been reviewed by the IMF Executive Board in the context of the Tenth Review of the IMF Data Standards Initiatives.
Media relations and contact
- IMF Communications Department
- MEDIA RELATIONS
- PRESS OFFICER: Pemba Sherpa
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
- @IMFSpokesperson
- Email notification sign-up available for notices when new series and/or country items are posted on the IMF website.
Source: Zimbabwe Implements the International Monetary Fund’s Enhanced General Data Dissemination System (Press Release No. 23/72, March 14, 2023).