Burundi Implements the International Monetary Fund’s Enhanced General Data Dissemination System
IMF News, April 10, 2023
Source details
- Canonical URL
- Burundi Implements the International Monetary Fund’s Enhanced General Data Dissemination System
Other formats
Bibliographic details
- Published: April 10, 2023
Implementation summary
- Press Release No. 23/114; April 10, 2023; IMF Communications Department.
- Burundi has implemented a key recommendation of the IMF’s Enhanced General Data Dissemination System (e-GDDS) by launching a National Summary Data Page to publish essential macroeconomic and financial data.
- The e-GDDS is described as the first tier of the IMF Data Standards Initiatives, promoting transparency as a global public good and encouraging countries to voluntarily publish timely data essential for monitoring and analyzing economic performance.
- The launch was supported by an IMF capacity development project financed by the Government of Japan.
- Media contact: PRESS OFFICER: Pemba Sherpa; Phone: +1 202 623-7100; Email: MEDIA@IMF.org; @IMFSpokesperson.
Scope and coverage of the National Summary Data Page
- The National Summary Data Page will disseminate the data recommended under the e-GDDS, covering:
- national accounts and prices,
- government operations and debt,
- the monetary and financial sector,
- the external sector.
- Data providers: the National Statistical Office (ISTEEBU), the Ministry of Finance, Budget and Economic Planning, and the Bank of the Republic of Burundi.
Accessibility and technology
- The National Summary Data Page is hosted on Burundi’s national Open Data Platform (ODP), which is provided by the African Development Bank, and utilizes modern data publication technology.
- Burundi’s information is now available in both human- and machine-readable formats, resulting in greater data transparency.
- A link to Burundi’s National Summary Data Page is made available on the IMF’s Dissemination Standards Bulletin Board.
Expected benefits and policy relevance
- Facilitates access for data users in Burundi and abroad, including policymakers, financial sector participants, private investors, think tanks, and the media.
- Aligning data with the e-GDDS will:
- make data accessible in a standardized way to facilitate analysis of economic trends across countries,
- allow early detection of risks that could help avert economic crises,
- support sustainable economic growth and development.
- The IMF notes benefits including better sovereign financing conditions for countries participating in the e-GDDS; these benefits were reviewed by the IMF Executive Board in the context of the Tenth Review of the IMF Data Standards Initiatives.
Official remarks
- Bert Kroese, Chief Statistician and Data Officer, and Director of the IMF’s Statistics Department, stated: “I am confident that Burundi will benefit from using the e-GDDS as a framework for further development of its statistical system.”
Source: IMF press release — Burundi Implements the International Monetary Fund’s Enhanced General Data Dissemination System (Press Release No. 23/114, April 10, 2023).