{
  "title": "IMF Data Standards Initiatives: A Consultative Approach To Enhancing Global Data Transparency",
  "publication": "IMF Working Papers, April 1, 2006",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/31/imf-data-standards-initiatives-a-consultative-approach-to-enhancing-global-data-transparency-19056",
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  "summary": "Since the IMF launched the data standards initiatives a decade ago, 145 of its 184 member countries have participated. This 80 percent participation rate reaffirms the importance countries place on data transparency in the globalized economy, which the initiatives promote.",
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    {
      "heading": "Summary and participation",
      "content": "- Since the IMF launched the data standards initiatives a decade ago, 145 of its 184 member countries have participated.\n- This 80 percent participation rate is presented as evidence of the importance countries place on data transparency in the globalized economy.\n- The initiatives aim to promote data transparency for policymakers, capital markets, and the general public."
    },
    {
      "heading": "Consultative process and program design",
      "content": "- The consultative process is identified as a key factor for wide participation.\n- Elements of the approach:\n  - Development of a coherent program that takes account of countries' capabilities.\n  - Delineation of clear responsibilities between the IMF and participating countries.\n  - Establishment of effective monitoring procedures to ensure the credibility of the standards.\n  - Provision of checks and balances and fostering of accountability."
    },
    {
      "heading": "Outcomes, credibility, and potential broader relevance",
      "content": "- The program’s monitoring procedures are intended to ensure credibility for policymakers, capital markets, and the general public.\n- The approach is suggested to provide insights for the promotion of similar international standards."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Data dissemination, Dissemination Standards Bulletin Board (DSBB), Financial statistics, Special Data Dissemination Standard (SDDS)\n- Keywords: country, GDDS country, sc, SDDS enhancement, SDDS subscriber, WP\n\nContent based on IMF Working Paper \"IMF Data Standards Initiatives: A Consultative Approach To Enhancing Global Data Transparency\" by Anne Y. Kester (April 1, 2006).\n\n---\n\n Content in this bundle\n\n- wp06102\n  - wp06102 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp06102 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/imf-data-standards-initiatives-a-consultative-approach-to-enhancing-global-data-transparency-19056"
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    "Authors: Anne Y. Kester",
    "Published: April 1, 2006",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451863628.001",
    "Since the IMF launched the data standards initiatives a decade ago, 145 of its 184 member countries have participated.",
    "This 80 percent participation rate is presented as evidence of the importance countries place on data transparency in the globalized economy.",
    "The initiatives aim to promote data transparency for policymakers, capital markets, and the general public.",
    "The consultative process is identified as a key factor for wide participation.",
    "Elements of the approach:",
    "The program’s monitoring procedures are intended to ensure credibility for policymakers, capital markets, and the general public.",
    "The approach is suggested to provide insights for the promotion of similar international standards.",
    "Subject: Data dissemination, Dissemination Standards Bulletin Board (DSBB), Financial statistics, Special Data Dissemination Standard (SDDS)",
    "Keywords: country, GDDS country, sc, SDDS enhancement, SDDS subscriber, WP",
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