Proposed Amendments to the Special Data Dissemination Standard Plus and the Annex on the General Data Dissemination System
Policy Papers, June 24, 2015
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- Proposed Amendments to the Special Data Dissemination Standard Plus and the Annex on the General Data Dissemination System
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Bibliographic details
- Published: June 24, 2015
- Series: Policy Papers
Overview and purpose
- The Special Data Dissemination Standard Plus (SDDS Plus) was established in October 2012.
- The SDDS Plus aims to reinforce and supplement the Fund’s Data Standards Initiatives.
- The SDDS Plus assists Fund members who decide to adhere with regard to the publication of comprehensive, timely, accessible, and reliable economic and financial statistical data in a world of continuing economic and financial integration.
- The SDDS Plus requires adherents to disseminate metadata to promote public knowledge and understanding of their compilation practices with respect to the required data categories.
Key decisions and amendments
- During the Ninth Review of the Fund’s data Standards Initiatives in May 2015, executive directors supported changing the transition period to meet all SDDS Plus requirements to five years after the adherence date.
- On July 1, 2015, the Executive Board approved the proposed change.
- The existing rules governing the SDDS Plus are superseded by the new SDDS Plus legal text.
Summary findings and implications
- The SDDS Plus expands dissemination expectations beyond basic data release to include metadata on compilation practices.
- The transition period for meeting all SDDS Plus requirements has been standardized to five years after the adherence date, as endorsed in May 2015 and approved by the Executive Board on July 1, 2015.
- Adoption of the new SDDS Plus legal text supersedes prior SDDS Plus rules.
Source: Proposed Amendments to the Special Data Dissemination Standard Plus and the Annex on the General Data Dissemination System (June 24, 2015).