Somalia Implements the International Monetary Fund’s Enhanced General Data Dissemination System

IMF News, June 17, 2022

Source details

Canonical URL: Somalia Implements the International Monetary Fund’s Enhanced General Data Dissemination System

Press Release No. 22211 dated June 17, 2022, issued by IMF Communications Department.
Somalia has joined the IMF Data Standards Initiatives by implementing the recommendations of the Enhanced General Data Dissemination System (e‑GDDS).
Somalia published essential macroeconomic and financial data through a National Summary Data Page (NSDP).

e‑GDDS was established in 2015 to promote statistical development and synergies between data dissemination and policymaking.
The IMF Executive Board, in concluding the Tenth Review of the IMF Data Standards Initiatives in March 2022, commended substantial progress in data transparency by nearly 70 e‑GDDS participants over the past five years.

The NSDP is a national data portal serving as a one‑stop publication vehicle for essential macroeconomic data on:
- national accounts,
- government operations,
- monetary and financial sector,
- external sector.
Somalia’s NSDP is hosted by the Somalia National Bureau of Statistics, utilizing the Open Data Platform developed by the African Development Bank.
The NSDP contains links to statistics published by:
- the Somalia National Bureau of Statistics,
- Central Bank of Somalia,
- Ministry of Finance of the Federal Government of Somalia.
A link to Somalia’s NSDP is available on the IMF’s Dissemination Standards Bulletin Board.

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,
- bring greater data transparency.

J. R. Rosales, Acting Director of the IMF’s Statistics Department, said: “I congratulate the authorities on Somalia’s participation in the IMF Data Standards Initiatives and the launch of the NSDP, an important step forward in data dissemination. I am confident that Somalia will benefit from using the e‑GDDS as a framework for the further development of its statistical system.”

Somalia benefitted from a project on Improving Data Dissemination for Globally Selected Countries, financed by the Government of Japan through the Japan Administered Account for Selected Fund Activities (JSA).
Media relations contact listed: PRESS OFFICER: Pemba Sherpa; Phone: +1 202 623-7100; Email: MEDIA@IMF.org; @IMFSpokesperson

Source: IMF press release dated June 17, 2022.