Namibia Adheres to the International Monetary Fund’s Enhanced General Data Dissemination System
IMF News, June 28, 2016
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- Namibia Adheres to the International Monetary Fund’s Enhanced General Data Dissemination System
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Bibliographic details
- Published: June 28, 2016
Implementation summary
- Press Release No. 16/311, dated June 28, 2016.
- Namibia has implemented the recommendations of the Enhanced General Data Dissemination System (e-GDDS) by disseminating a National Summary Data Page (NSDP).
- The NSDP is posted on the websites of the Namibia Statistics Agency, the Bank of Namibia, and the Ministry of Finance.
- The NSDP is accessible on the IMF’s Dissemination Standards Bulletin Board.
- Namibia is placed in the first wave of countries in Sub-Saharan Africa to implement the recommendations of the e-GDDS.
Key functions and formats
- The NSDP serves as a one-stop publication vehicle for essential macroeconomic data.
- Data are provided in both human and machine-readable formats.
Implications and expected benefits
- Publication of essential macroeconomic data through the NSDP will provide national policy makers, a broad range of domestic and international stakeholders, including investors and rating agencies, with easy access to information identified by the IMF’s Executive Board as critical for monitoring economic conditions and policies.
- Making this information simultaneously available to all users will bring greater data transparency.
- The e-GDDS is intended to support improved data transparency, encourage statistical development, and help create synergies between data dissemination and surveillance.
Official comment
- Louis Marc Ducharme, Director of the IMF’s Statistics Department: “I am confident that Namibia will benefit from using the e-GDDS as a framework for further development of its statistical system.”
Background and chronology
- The e-GDDS was established by the IMF’s Executive Board in May 2015.
- The e-GDDS supersedes the GDDS, which was established in 1997.
Source: IMF Communications Department, Press Release No. 16/311, June 28, 2016.