## The Federated States of Micronesia Implement the IMF's Enhanced General Data Dissemination System

_IMF News, August 2, 2017_

## Source details

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## Bibliographic details
- Published: August 2, 2017

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### Mission and implementation support
- A mission of the International Monetary Fund (IMF)’s Statistics Department visited Pohnpei in May 2017 to assist the authorities with:
  - implementation of the Enhanced General Data Dissemination System (e-GDDS), and
  - development of a National Summary Data Page (NSDP).
- Over the past months, the main statistical agencies involved have worked together to finalize the NSDP, utilizing the Statistical Data and Metadata Exchange (SDMX).

### National Summary Data Page (NSDP) publication and access
- The NSDP serves as a one-stop publication vehicle for essential macroeconomic data.
- The NSDP is posted on the website of the Federated States of Micronesia (FSM)’s Division of Statistics at: http://www.fsmstats.fm/?page_id=605.
- The new NSDP has started to give users access to the e-GDDS data categories from July 24, 2017.
- The authorities are preparing to release the data according to a disciplined dissemination schedule based on an Advance Release Calendar.

### Benefits for users and stakeholders
- Publication of essential macroeconomic data through the NSDP will provide:
  - policy makers and stakeholders, including investors and rating agencies, with easy access to information critical for monitoring economic conditions and policies.
- Making information accessible in both human and machine-readable formats will allow all users to have simultaneous access to timely data.

### Transparency and statistical development
- The NSDP and disciplined release schedule are intended to bring greater data transparency to all users at the same time.
- The authorities expressed that they are very pleased that the FSM has reached this important milestone in its quest for dissemination of quality statistics.

### Background on the e-GDDS
- The e-GDDS was established by the IMF’s Executive Board in May 2015 to:
  - support improved data transparency,
  - encourage statistical development, and
  - help create synergies between data dissemination and surveillance.
- The e-GDDS supersedes the GDDS, which had been established in 1997.
- A link to the country’s NSDP is available on the IMF’s Dissemination Standards Bulletin Board (DSBB), at: http://dsbb.imf.org.

### Contact and press information
- Press Release No. 17/317
- Date: August 2, 2017
- IMF Communications Department — MEDIA RELATIONS
- PRESS OFFICER: Bruno Pierre Silvestre
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org

*Source: The Federated States of Micronesia Implement the IMF's Enhanced General Data Dissemination System — https://www.imf.org/en/news/articles/2017/08/02/pr17317-the-federated-states-of-micronesia-implement-imf-enhanced-general-data-dissemination-system*

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## References

- [Federated States of Micronesia and the IMF](http://www.imf.org/external/country/FSM/index.htm)
- [General Data Dissemination System](http://dsbb.imf.org/Applications/web/gdds/gddshome/)
- [Press Releases](https://www.imf.org/en/news/searchnews)
- [PRESS CENTER](http://presscenter.imf.org/)
- [http://dsbb.imf.org](http://dsbb.imf.org/)
- [video](http://www.imf.org/external/mmedia/view.aspx?vid=5212671486001)
- [https://www.imf.org/en/home](https://www.imf.org/en/home)

_Source: https://www.imf.org/en/news/articles/2017/08/02/pr17317-the-federated-states-of-micronesia-implement-imf-enhanced-general-data-dissemination-system_