Guinea-Bissau Implements the International Monetary Fund’s Enhanced General Data Dissemination System
IMF News, July 8, 2024
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Bibliographic details
- Published: July 8, 2024
Implementation milestone
- Date: July 8, 2024
- Press Release No.: 24/262
- Guinea-Bissau launched a new data portal—the National Summary Data Page—as implementation of a key recommendation of the IMF’s Enhanced General Data Dissemination System (e-GDDS).
- The e-GDDS is described as the first tier of the IMF Data Standards Initiatives, aiming to promote transparency as a global public good and to encourage countries to voluntarily publish timely data essential for monitoring and analyzing economic performance.
Data coverage and accessibility
- The National Summary Data Page is designed as a one-stop publication for the data recommended under the e-GDDS, covering:
- national accounts and prices,
- government operations and debt,
- the monetary and financial sector,
- the external sector.
- The National Summary Data Page makes Guinea-Bissau’s information accessible in both human- and machine-readable formats.
- The page is hosted on Guinea-Bissau’s national Open Data Platform (ODP), provided by the African Development Bank, and utilizes a modern data publication technology.
- A link to Guinea-Bissau’s National Summary Data Page is available on the IMF’s Dissemination Standards Bulletin Board.
- Data providers: Guinea-Bissau National Institute of Statistics, the Ministry of Finance, and the Central Bank of West African States.
Institutional statements and expectations
- Mr. Bert Kroese, Chief Statistician and Data Officer, and Director of the IMF’s Statistics Department, welcomed the milestone and stated: “I am confident that Guinea-Bissau will reap significant benefits from utilizing the e-GDDS as a framework for advancing its statistical system.”
- The press release notes that benefits, including better sovereign financing conditions for countries participating in the e-GDDS, were recently reviewed by the IMF Executive Board in the context of the Tenth Review of the IMF Data Standards Initiatives.
Anticipated benefits and uses
- Intended benefits and uses of implementing the e-GDDS and the National Summary Data Page include:
- facilitating access for data users in Guinea-Bissau and abroad, including policymakers, the financial sector, private investors, think tanks, and the media;
- making it easier to analyze economic trends across countries;
- providing early detection of risks to help avert economic crises;
- supporting sustainable economic growth and development;
- improving transparency through human- and machine-readable dissemination.
Support and financing
- The launch of Guinea-Bissau’s National Summary Data Page is supported by an IMF technical assistance project financed by the Government of Japan.
Media contact
- IMF Communications Department, MEDIA RELATIONS
- Press officer: Pemba Sherpa
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
- Twitter: @IMFSpokesperson
Source: IMF press release titled “Guinea-Bissau Implements the International Monetary Fund’s Enhanced General Data Dissemination System”, July 8, 2024.