Baku, Azerbaijan, May 4
By Fikret Dolukhanov – Trend:
Uzbekistan has implemented the recommendations of the International Monetary Fund’s (IMF) Enhanced General Data Dissemination System (e-GDDS) by publishing critical macroeconomic and financial data through the National Summary Data Page (NSDP), the press service of the IMF stated.
The NSDP is posted on the State Statistics Committee’s website, utilizing the Statistical Data and Metadata Exchange (SDMX), and is accessible on the IMF’s Dissemination Standards Bulletin Board at http://dsbb.imf.org.
The NSDP page contains links to statistics published by official data producers, namely the State Statistics Committee, the Central Bank of the Republic of Uzbekistan, and the Ministry of Finance. The page aims to serve as a one-stop publication vehicle for essential macroeconomic data in both human and machine-readable formats. Technical assistance to finalize the metadata published on the NSDP was financed by the Swiss Federal Department of Finance.
Publication of essential macroeconomic data through the NSDP is a welcomed step towards greater transparency. It will provide national policy makers and 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 in both human and machine-readable formats according to an Advance Release Calendar, will allow all users to have simultaneous access to data.
“I am confident that Uzbekistan will benefit from using the e-GDDS as a framework for further development of its statistical system,” Louis Marc Ducharme, director of the IMF Statistics Department, said, welcoming this major milestone in the country’s statistical development
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 was established in 1997.
The NSDP of Uzbekistan began working on May 1 and currently allows investors to access statistical data in a familiar format.
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