{
  "title": "Guinea-Bissau Implements the International Monetary Fund’s Enhanced General Data Dissemination System",
  "publication": "IMF News, July 8, 2024",
  "sourceUrl": "https://www.imf.org/en/news/articles/2024/07/08/pr24262-guinea-bissau-implements-imfs-enhanced-general-data-dissemination-system",
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  "summary": "Washington, DC, July 8, 2024: With the successful launch of a new data portal—the National Summary Data Page — Guinea-Bissau has implemented a key recommendation of the IMF’s Enhanced General Data Dissemination System (e-GDDS) to publish essential macroeconomic and financial data.",
  "publishDate": "2024-07-08",
  "sections": [
    {
      "heading": "Implementation milestone",
      "content": "- Date: July 8, 2024\n- Press Release No.: 24/262\n- 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).\n- 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."
    },
    {
      "heading": "Data coverage and accessibility",
      "content": "- The National Summary Data Page is designed as a one-stop publication for the data recommended under the e-GDDS, covering:\n  - national accounts and prices,\n  - government operations and debt,\n  - the monetary and financial sector,\n  - the external sector.\n- The National Summary Data Page makes Guinea-Bissau’s information accessible in both human- and machine-readable formats.\n- 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.\n- A link to Guinea-Bissau’s National Summary Data Page is available on the IMF’s Dissemination Standards Bulletin Board.\n- Data providers: Guinea-Bissau National Institute of Statistics, the Ministry of Finance, and the Central Bank of West African States."
    },
    {
      "heading": "Institutional statements and expectations",
      "content": "- 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.”\n- 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."
    },
    {
      "heading": "Anticipated benefits and uses",
      "content": "- Intended benefits and uses of implementing the e-GDDS and the National Summary Data Page include:\n  - facilitating access for data users in Guinea-Bissau and abroad, including policymakers, the financial sector, private investors, think tanks, and the media;\n  - making it easier to analyze economic trends across countries;\n  - providing early detection of risks to help avert economic crises;\n  - supporting sustainable economic growth and development;\n  - improving transparency through human- and machine-readable dissemination."
    },
    {
      "heading": "Support and financing",
      "content": "- The launch of Guinea-Bissau’s National Summary Data Page is supported by an IMF technical assistance project financed by the Government of Japan."
    },
    {
      "heading": "Media contact",
      "content": "- IMF Communications Department, MEDIA RELATIONS\n- Press officer: Pemba Sherpa\n- Phone: +1 202 623-7100\n- Email: MEDIA@IMF.org\n- Twitter: @IMFSpokesperson\n\nSource: IMF press release titled “Guinea-Bissau Implements the International Monetary Fund’s Enhanced General Data Dissemination System”, July 8, 2024.\n\n---\n\n\n References\n\n- Guinea-Bissau and the IMF\n- Japan and the IMF\n- General Data Dissemination System\n- Press Releases\n- PRESS CENTER\n- IMF’s Enhanced General Data Dissemination System (e-GDDS)\n- IMF’s Dissemination Standards Bulletin Board\n- Tenth Review of the IMF Data Standards Initiatives\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2024/07/08/pr24262-guinea-bissau-implements-imfs-enhanced-general-data-dissemination-system"
    }
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    "Published: July 8, 2024",
    "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.",
    "The National Summary Data Page is designed as a one-stop publication for the data recommended under the e-GDDS, covering:",
    "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.",
    "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.",
    "Intended benefits and uses of implementing the e-GDDS and the National Summary Data Page include:",
    "The launch of Guinea-Bissau’s National Summary Data Page is supported by an IMF technical assistance project financed by the Government of Japan.",
    "IMF Communications Department, MEDIA RELATIONS",
    "Press officer: Pemba Sherpa",
    "Phone: +1 202 623-7100",
    "Email: MEDIA@IMF.org",
    "Twitter: @IMFSpokesperson",
    "[Guinea-Bissau and the IMF](http://www.imf.org/external/country/GNB/index.htm)",
    "[Japan and the IMF](http://www.imf.org/external/country/JPN/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/)",
    "[IMF’s Enhanced General Data Dissemination System (e-GDDS)](https://dsbb.imf.org/e-gdds)",
    "[IMF’s Dissemination Standards Bulletin Board](https://dsbb.imf.org/)",
    "[Tenth Review of the IMF Data Standards Initiatives](https://www.imf.org/en/News/Articles/2022/03/16/pr2276-imf-executive-board-concludes-the-tenth-review-of-the-imf-data-standards-initiatives)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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