{
  "title": "The Kingdom of Bahrain Implements the International Monetary Fund’s Enhanced General Data Dissemination System",
  "publication": "IMF News, September 5, 2024",
  "sourceUrl": "https://www.imf.org/en/news/articles/2024/09/05/pr-24318-bahrain-bahrain-implements-imfs-enhanced-general-data-dissemination-system",
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  "summary": "With the successful launch of the new data portal, the National Summary Data Page (NSDP) today, Bahrain has implemented a key recommendation of the IMF’s Enhanced General Data Dissemination System (e-GDDS) to publish essential macroeconomic and financial data",
  "publishDate": "2024-09-05",
  "sections": [
    {
      "heading": "Implementation and launch",
      "content": "- Press Release No. 24/318\n- Date: September 5, 2024\n- Announcement: Bahrain has implemented a key recommendation of the IMF’s Enhanced General Data Dissemination System (e-GDDS) by launching a new data portal, the National Summary Data Page (NSDP).\n- Media relations contact: IMF Communications Department, PRESS OFFICER: Mayada Ghazala; Phone: +1 202 623-7100; Email: MEDIA@IMF.org\n- IMF social handle cited: @IMFSpokesperson"
    },
    {
      "heading": "Purpose and significance",
      "content": "- The e-GDDS is described as the first tier of the IMF Data Standards Initiatives that promote transparency as a global public good.\n- Objective: encourage countries to voluntarily publish timely data essential for monitoring and analyzing economic performance.\n- The NSDP launch is presented as a testament to Bahrain’s commitment to data transparency and statistical development."
    },
    {
      "heading": "Expected benefits and uses",
      "content": "- Enables national decision-makers, domestic and international stakeholders, investors, and rating agencies to access essential information identified by the IMF's Executive Board for monitoring economic and financial developments.\n- Facilitates standardized, machine-readable data dissemination to support:\n  - Simultaneous access to timely data by all users.\n  - Analysis of economic trends across countries.\n  - Early detection of risks to help avert economic crises.\n  - Support for sustainable economic growth and development.\n- The IMF notes benefits for sovereign financing conditions for countries participating in the e-GDDS; these benefits were reviewed by the IMF Executive Board in the Tenth Review of the IMF Data Standards Initiatives."
    },
    {
      "heading": "NSDP content and data providers",
      "content": "- The NSDP will serve as a one-stop publication for data covering:\n  - national accounts and prices,\n  - government operations and debt,\n  - the monetary and financial sector,\n  - the external sector.\n- Data provisioning: Ministry of Finance and National Economy; Central Bank of Bahrain; Information and eGovernment Authority.\n- A link to Bahrain’s NSDP is available on the IMF’s Dissemination Standards Bulletin Board."
    },
    {
      "heading": "Forward-looking commitment",
      "content": "- The launch of the NSDP signals Bahrain’s commitment to subscribe to the Special Data Dissemination Standard (SDDS) in the near future.\n\nSource: IMF press release, Press Release No. 24/318, September 5, 2024.\n\n---\n\n\n References\n\n- Kingdom of Bahrain 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- Tenth Review of the IMF Data Standards Initiatives\n- IMF’s Dissemination Standards Bulletin Board\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2024/09/05/pr-24318-bahrain-bahrain-implements-imfs-enhanced-general-data-dissemination-system"
    }
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    "Published: September 5, 2024",
    "Press Release No. 24/318",
    "Date: September 5, 2024",
    "Announcement: Bahrain has implemented a key recommendation of the IMF’s Enhanced General Data Dissemination System (e-GDDS) by launching a new data portal, the National Summary Data Page (NSDP).",
    "Media relations contact: IMF Communications Department, PRESS OFFICER: Mayada Ghazala; Phone: +1 202 623-7100; Email: MEDIA@IMF.org",
    "IMF social handle cited: @IMFSpokesperson",
    "The e-GDDS is described as the first tier of the IMF Data Standards Initiatives that promote transparency as a global public good.",
    "Objective: encourage countries to voluntarily publish timely data essential for monitoring and analyzing economic performance.",
    "The NSDP launch is presented as a testament to Bahrain’s commitment to data transparency and statistical development.",
    "Enables national decision-makers, domestic and international stakeholders, investors, and rating agencies to access essential information identified by the IMF's Executive Board for monitoring economic and financial developments.",
    "Facilitates standardized, machine-readable data dissemination to support:",
    "The IMF notes benefits for sovereign financing conditions for countries participating in the e-GDDS; these benefits were reviewed by the IMF Executive Board in the Tenth Review of the IMF Data Standards Initiatives.",
    "The NSDP will serve as a one-stop publication for data covering:",
    "Data provisioning: Ministry of Finance and National Economy; Central Bank of Bahrain; Information and eGovernment Authority.",
    "A link to Bahrain’s NSDP is available on the IMF’s Dissemination Standards Bulletin Board.",
    "The launch of the NSDP signals Bahrain’s commitment to subscribe to the Special Data Dissemination Standard (SDDS) in the near future.",
    "[Kingdom of Bahrain and the IMF](http://www.imf.org/external/country/BHR/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)",
    "[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)",
    "[IMF’s Dissemination Standards Bulletin Board](https://dsbb.imf.org/)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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