Oman implements IMF's enhanced e-GDDS

Business Saturday 11/August/2018 16:32 PM

By: Times News Service

Muscat: Oman has launched a National Summary Data Page (NSDP), becoming one of the first Gulf Cooperation Council (GCC) countries to implement the recommendations of the enhanced General Data Dissemination System (e-GDDS).

The NSDP is a national data page that serves as a one-stop vehicle for publishing essential macroeconomic data in both human and machine-readable formats. The NSDP is hosted by the Oman National Centre for Statistics and Information (NCSI) on its website, and is available on the IMF’s Dissemination Standards Bulletin Board at: https://dsbb.imf.org/egdds/country/OMN/category.

Publication of essential macroeconomic data through the NSDP will provide national policy makers and a broad range of 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 simultaneously available to all users will bring greater data transparency.

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

The e-GDDS was endorsed 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.