The Federal Democratic Republic of Ethiopia Implements the International Monetary Fund’s Enhanced General Data Dissemination System | WPN World People News

The Federal Democratic Republic of Ethiopia has implemented the recommendations of the IMF’s Enhanced General Data Dissemination System (e-GDDS) by publishing critical data through the National Summary Data Page (NSDP). The page aims to serve as a one-stop publication vehicle for essential macroeconomic data on the national accounts, government operations and debt, monetary and financial sector, and the balance of payments. These data will be disseminated in both human and machine-readable formats. 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 policymaking.

The NSDP is posted on Ethiopia’s page in the Open Data Platform, and is also accessible on the IMF’s Dissemination Standards Bulletin Board. The NSDP page contains links to statistics published by official data producers, namely the National Bank of Ethiopia, the Ministry of Finance, the National Planning and Development Commission, and the Central Statistical Agency.

Publication of essential macroeconomic data through the NSDP will provide national policy makers and domestic and international 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 users to have simultaneous access to timely data and bring greater data transparency.

Louis Marc Ducharme, Chief Statistician and Data Officer, and Director of the IMF’s Statistics Department, welcomed this major milestone in the country’s statistical development: “I congratulate the authorities for the launch of the NSDP, an important step forward in data dissemination. I am confident that the Federal Democratic Republic of Ethiopia will benefit from using the e-GDDS as a framework for further development of its statistical system.”

The Federal Democratic Republic of Ethiopia has benefitted from a project on the Improvement of Data Dissemination financed by the United Kingdom’s Department for International Development.

Source: International Monetary Fund