{
  "title": "Barbados Implements the International Monetary Fund’s Enhanced General Data Dissemination System",
  "publication": "IMF News, March 24, 2021",
  "sourceUrl": "https://www.imf.org/en/news/articles/2021/03/24/pr2179-barbados-implements-the-imfs-enhanced-general-data-dissemination-system",
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  "summary": "Press Release No. 21/79",
  "publishDate": "2021-03-24",
  "sections": [
    {
      "heading": "Key facts and metadata",
      "content": "- Press Release No. 21/79\n- March 24, 2021\n- IMF Communications Department\n- MEDIA RELATIONS\n- PRESS OFFICER:\n  - Phone: +1 202 623-7100Email: MEDIA@IMF.org\n  - @IMFSpokesperson"
    },
    {
      "heading": "Overview",
      "content": "- Barbados has implemented the recommendations of the IMF’s Enhanced General Data Dissemination System (e-GDDS) by publishing essential data through the National Summary Data Page (NSDP).\n- 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 policymaking."
    },
    {
      "heading": "e-GDDS and the National Summary Data Page (NSDP)",
      "content": "- The NSDP is a national “data portal” that serves as a one-stop publication vehicle for essential macroeconomic data on:\n  - national accounts,\n  - government operations and debt,\n  - monetary and financial sector, and\n  - balance of payments.\n- The NSDP is hosted by the Barbados Statistical Service, utilizing the Statistical Data and Metadata Exchange.\n- A link to Barbados’ NSDP is available on the IMF’s Dissemination Standards Bulletin Board.\n- The NSDP contains links to statistics published by:\n  - the Central Bank of Barbados,\n  - the Ministry of Finance, and\n  - the Barbados Statistical Service."
    },
    {
      "heading": "Expected benefits and uses",
      "content": "- 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.\n- Making this information easily accessible in both human- and machine-readable formats will:\n  - allow users to have access to timely data, and\n  - bring greater data transparency."
    },
    {
      "heading": "Institutional perspective",
      "content": "- Louis Marc Ducharme, Chief Statistician and Data Officer of the IMF, and Director of the Statistics Department, welcomed this major milestone in the country’s statistical development: “I am confident that Barbados will benefit from using the e-GDDS as a framework for further development of its statistical system.”\n\nInternational Monetary Fund press release, March 24, 2021.\n\n---\n\n\n References\n\n- Barbados and the IMF\n- General Data Dissemination System\n- Press Releases\n- PRESS CENTER\n- link\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2021/03/24/pr2179-barbados-implements-the-imfs-enhanced-general-data-dissemination-system"
    }
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    "Published: March 24, 2021",
    "Press Release No. 21/79",
    "March 24, 2021",
    "IMF Communications Department",
    "MEDIA RELATIONS",
    "PRESS OFFICER:",
    "Barbados has implemented the recommendations of the IMF’s Enhanced General Data Dissemination System (e-GDDS) by publishing essential 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 policymaking.",
    "The NSDP is a national “data portal” that serves as a one-stop publication vehicle for essential macroeconomic data on:",
    "The NSDP is hosted by the Barbados Statistical Service, utilizing the Statistical Data and Metadata Exchange.",
    "A link to Barbados’ NSDP is available on the IMF’s Dissemination Standards Bulletin Board.",
    "The NSDP contains links to statistics published by:",
    "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 this information easily accessible in both human- and machine-readable formats will:",
    "Louis Marc Ducharme, Chief Statistician and Data Officer of the IMF, and Director of the Statistics Department, welcomed this major milestone in the country’s statistical development: “I am confident that Barbados will benefit from using the e-GDDS as a framework for further development of its statistical system.”",
    "[Barbados and the IMF](http://www.imf.org/external/country/BRB/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/)",
    "[link](https://dsbb.imf.org/)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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