Bhutan Implements the International Monetary Funds Enhanced General Data Dissemination System

Stocks and Financial Services Press Releases Tuesday June 13, 2017 08:55
IMF--13 Jun--International Monetary Fund

A mission of the International Monetary Fund's Statistics Department visited Thimphu during April 5 – April 11, 2017, to assist Bhutan with the implementation of the Enhanced General Data Dissemination System (e?GDDS), which was endorsed by the IMF's Executive Board in May 2015. The mission helped develop the National Summary Data Page (NSDP), utilizing the Statistical Data and Metadata Exchange (SDMX). This makes Bhutan one of the first countries in the Asia and Pacific Region to implement the recommendations of the e-GDDS. The NSDP is posted on the National Statistics Bureau's website. A link to Bhutan's NSDP is available on the IMF's Dissemination Standards Bulletin Board (DSBB) at http://dsbb.imf.org.

Publication of essential macroeconomic data through the new NSDP will provide national policy makers, domestic and international stakeholders, including investors and rating agencies–with easy access to information that the IMF's Executive Board has identified as critical for monitoring economic conditions and policies. Making this information easily accessible will allow all users to have simultaneous access to timely data and will bring greater data transparency.

The authorities are very pleased that Bhutan has achieved this important milestone in its quest for dissemination of quality statistics following international data standards.
Background

The e-GDDS was established by the IMF's Executive Board in May 2015 to support improved data transparency, encourage statistical development, and help create synergies between data dissemination and surveillance. The e-GDDS superseded the GDDS, which was established in 1997.

Watch this short video which gives a broad overview of the benefits of the eGDDS.

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