Revisions to the Special Data Dissemination Standard and Establishment of the Special Data Dissemination Standard Plus—Proposed Decisions
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- Revisions to the Special Data Dissemination Standard and Establishment of the Special Data Dissemination Standard Plus—Proposed Decisions
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Bibliographic details
- Published: October 4, 2012
Summary / Purpose
- The purpose of the Special Data Dissemination Standard (SDDS) is to guide member countries in the dissemination of comprehensive, timely, accessible, and reliable economic and financial statistical data in the context of increasing economic and financial integration.
- The SDDS prescribes that subscribers disseminate certain data categories and the relevant metadata to promote public knowledge and understanding of their compilation practices with respect to the required data categories.
- The purpose of the Special Data Dissemination Standard Plus (SDDS Plus) is to reinforce and supplement the Fund’s Data Standards Initiatives and assist Fund members who decide to adhere to the SDDS Plus with regard to the publication of comprehensive, timely, accessible, and reliable economic and financial statistical data in a world of continuing economic and financial integration.
- The SDDS Plus also requires adherents to disseminate metadata to promote public knowledge and understanding of their compilation practices with respect to the required data categories.
Key decisions and legal framework
- The Fund decided that the existing rules governing the SDDS are superseded by the new SDDS legal text.
- The Fund established the SDDS Plus, which is governed by the rules in the SDDS Plus legal text.
Institutional and procedural implications
- Subscribers/adherents are required to disseminate both specified data categories and accompanying metadata to enhance transparency and public understanding of compilation practices.
- The SDDS Plus functions as a reinforcement and supplement to the Fund’s Data Standards Initiatives for members choosing to adhere.
Bibliographic and administrative details
- Publication title: Revisions to the Special Data Dissemination Standard and Establishment of the Special Data Dissemination Standard Plus—Proposed Decisions
- Publication date: October 4, 2012
- Subjects: Data quality assessment framework; Executive Board decisions; Lapse of time approval; Special Data Dissemination Standard
Source: Revisions to the Special Data Dissemination Standard and Establishment of the Special Data Dissemination Standard Plus—Proposed Decisions (October 4, 2012).
Content in this bundle
- Policy Paper