Burkina Faso Implements the International Monetary Fund’s Enhanced General Data Dissemination System
IMF News, December 6, 2018
Source details
- Canonical URL
- Burkina Faso Implements the International Monetary Fund’s Enhanced General Data Dissemination System
Other formats
Bibliographic details
- Published: December 6, 2018
Implementation summary
- Press Release No. 18/454 dated December 6, 2018.
- Burkina Faso has implemented the recommendations of the IMF’s Enhanced General Data Dissemination System (e-GDDS) by publishing critical data through the National Summary Data Page (NSDP).
- The e-GDDS was established by the IMF in 2015 to support improved data transparency, encourage statistical development, and help create synergies between data dissemination and surveillance.
Data publication and hosting
- The NSDP serves as a national “data portal” and a one-stop publication vehicle for essential macroeconomic data on:
- national accounts,
- government operations and debt,
- monetary and financial sector,
- balance of payments.
- The NSDP is hosted by Burkina Faso’s National Institute of Statistics and Demography (INSD), utilizing the Statistical Data and Metadata Exchange.
- The NSDP contains links to statistics published by:
- the INSD,
- the Ministry of Economy, Finance and Development,
- the Central Bank of West African States.
- A link to Burkina Faso’s NSDP is available on the IMF’s Dissemination Standards Bulletin Board.
Expected benefits and uses
- Publication of essential macroeconomic data through the NSDP will provide national policy makers and domestic and international 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 users to have simultaneous access to timely data and bring greater data transparency.
Institutional perspectives
- Louis Marc Ducharme, Chief Statistician and Data Officer, and Director of the IMF’s Statistics Department, stated: “I am confident that Burkina Faso will benefit from using the e-GDDS as a framework for further development of its statistical system.”
Support and financing
- Burkina Faso has benefitted from a project for the Improvement of Data Dissemination financed by the United Kingdom’s Department for International Development.
- Media relations contact: PRESS OFFICER: Pemba Sherpa; Phone: +1 202 623-7100; Email: MEDIA@IMF.org.
Source: Press Release No. 18/454 — International Monetary Fund, December 6, 2018.