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pakistan
Wednesday Jan 16 2019
By
Web Desk

Pakistan adopts IMF system to ensure transparency on economic data

By
Web Desk
e-GDDS supports improved data transparency, encourages statistical development, among other features

Pakistan has implemented the recommendations of the International Monetary Fund’s (IMF) enhanced General Data Dissemination System (e-GDDS) by publishing critical data through the National Summary Data Page (NSDP), a press release by the IMF said.

The e-GDDS was established by the IMF in 2015 to support improved data transparency, encourage statistical development, and help create synergies between data dissemination and surveillance. The NSDP is a national ‘data portal’ that serves as a one-stop publication vehicle for essential macroeconomic data on national accounts, government operations and debt, monetary and financial sector, and balance of payments, among others.

The NSDP is hosted by Pakistan’s Bureau of Statistics, utilising the Statistical Data and Metadata Exchange. A link to the country’s NSDP is available on the IMF’s Dissemination Standards Bulletin Board. The NSDP contains links to statistics published by the Ministry of Finance, Pakistan Bureau of Statistics, and the State Bank of Pakistan.

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, the press release stated.

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 am confident that Pakistan will benefit from using the e-GDDS as a framework for further development of its statistical system.”

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