The Federated States of Micronesia Implement the IMF#s Enhanced General Data Dissemination System

Stocks and Financial Services Press Releases Thursday August 3, 2017 09:13
IMF--3 Aug--International Monetary Fund

A mission of the International Monetary Fund (IMF)'s Statistics Department visited Pohnpei in May 2017, to assist the authorities with the implementation of the Enhanced General Data Dissemination System (e-GDDS) and the development of a National Summary Data Page (NSDP). Over the past months, the main statistical agencies involved have worked together to finalize the NSDP, utilizing the Statistical Data and Metadata Exchange (SDMX). The NSDP, which serves as a one-stop publication vehicle for essential macroeconomic data is now posted on the website of the Federated States of Micronesia (FSM)'s Division of Statistics, at:http://www.fsmstats.fm/?page_id=605.

Publication of essential macroeconomic data through the new NSDP will provide policy makers and stakeholders, including investors and rating agencies with easy access to information critical for monitoring economic conditions and policies. Making this information easily accessible in both human and machine-readable formats will allow all users to have simultaneous access to timely data. The authorities are preparing to release the data according to a disciplined dissemination schedule based on an Advance Release Calendar, which will bring greater data transparency to all users at the same time.

The authorities are very pleased that the FSM has reached this important milestone in its quest for dissemination of quality statistics. The new National Summary Data Page has started to give users access to the e-GDDS data categories from July 24, 2017.

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 supersedes the GDDS, which had been established in 1997. A link to the country's NSDP is available on the IMF's Dissemination Standards Bulletin Board (DSBB), at:http://dsbb.imf.org . Watch this short video that gives a broad overview of the benefits of the e-GDDS.


Latest Press Release

มหกรรม Western China International Fair (WCIF) เผยเสน่ห์แห่งจีนตะวันตก

มหกรรม Western China International Fair (WCIF) ครั้งที่ 17 จัดขึ้นภายใต้ธีม "New Era in China, New Action of the Western China" เมื่อวันที่ 20-24 กันยายนที่ผ่านมา ที่เมืองเฉิงตู มณฑลเสฉวน ณ ศูนย์การประชุมและนิทรรศการ International Exhibition Center of...

EXIM Thailand Finances Bangkok Airways Acquisition of Aircraft to Serve Route Expansion and Economic Growth in Asia

Mr. Pisit Serewiwattana, President of Export-Import Bank of Thailand (EXIM Thailand), and Mr. Puttipong Prasarttong-Osoth, President of Bangkok Airways Public Company Limited, signed a financial facility agreement at Bangkok Airways' Head Office on...

KTC boosts KTC PROUD members for the rest of the year by launching Bt. 199 Promotion campaign to ease new member financial burdens.

Ms. Phichamon Jitpentham, Vice President - Personal Loans, "KTC" or Krungthai Card Public Company Limited,organizes special "Bt. 199 Promotion" campaign for customers with financial obligations who wish to register for "KTC PROUD" Revolving Loan cards....

Digital Oasis# Cutting-Edge Audio Voice AI Systems to be showcased during the HKTDC Hong Kong Electronics Fair from October 13-16, 2018

The first smart homes purely existed as ideas, not physical structures. The world of science fiction has provided a glimpse into the endless possibilities that these homes could bring for decades, with futuristic inventions designed to provide homeowners...

Photo Release: SCB collaborates with NSTDA and FabLab to support innovations for an aging society, offering up to 20 million baht credit lines and research funding of 400,000 baht per project

Siam Commercial Bank (SCB) has joined forces with the National Science and Technology Development Agency (NSTDA) and Chassis Plus Infill Co., Ltd. (Fab Lab), a leading partner in science, technology, and innovation, to sign an MOU supporting SMEs that...

Related Topics