IMF Opens First Electronic Links (Hyperlinks) from Dissemination
Standards Bulletin Board to National Data on the Internet
It is now possible to move directly from the International Monetary Fund’s
(IMF’s) Dissemination Standards Bulletin Board (DSBB) on the Internet to certain
national Internet sites to access key economic and financial data. The first electronic links
(hyperlinks) to such Internet sites will be opened early on Friday, April 25, 1997 (Washington
time). For six subscribers, data users can now move quickly between the bulletin board, which
describes the statistical practices of subscribers to the IMF’s SDDS, and the actual data for
these subscribers.
The subscribers for which hyperlinks to national data sites have been
established are:
Canada |
| Mexico |
| Singapore |
|
|
South Africa |
| Switzerland
| United Kingdom -- Hong Kong
|
Hyperlinks to national data sites for Finland,
Israel, Japan, and Turkey are expected shortly. Hyperlinks to more subscribers’ data will
follow.
How to Access Data
These six subscribers have developed a summary
page on the Internet that shows data (for example, GDP growth rates, prices, money and
international reserves) that correspond with the descriptions of their data and data dissemination
practices posted on the IMF’s DSBB. Data users can access the DSBB at the Internet
address http://dsbb.imf.org. They can move from the DSBB to national summary data
pages by clicking on "New Access to [subscriber’s]
data" wherever it appears. Furthermore, from many of these national summary data
pages userscan move to more detailed data using hyperlinks that the subscriber has provided.
Users may also move in the other direction, from national pages to the
DSBB.
Background
The IMF’s ministerial-level Interim Committee in
April 1995 requested a set of standards to guide IMF members in providing to the public
comprehensive, timely, accessible, and reliable economic and financial statistics. A similar request
was made to the IMF in June 1995 by the G-7 Heads of State at their Summit in Halifax. The
SDDS is targeted at countries having or seeking access to international capital markets. Countries
that voluntarily sign up for the SDDS undertake to make the necessary changes to statistical
practices to meet the data coverage, periodicity, and timeliness requirements of the SDDS during
a transition period (that ends on December 31, 1998) and to follow good practices with respect to
public access to the data covered by the standard and to the integrity of the data and its quality.
They also undertake to provide information about their data dissemination practices for posting
on the IMF’s DSBB. Currently, there are 42 subscriptions to the SDDS.
The
information posted on the DSBB is known as metadata. In addition to describing SDDS
subscribers’ data dissemination practices, the DSBB describes steps subscribers are
undertaking to improve practices to move toward full observance of the SDDS by the end of the
transition period. As of today, the metadata for 29 subscribers are available on the bulletin
board.