Ulaanbaatar
Mongolia Subscribes to the IMF's Special Data Dissemination Standard
Economy
Ulaanbaatar/MONTSAME/ On April 2, Mongolia subscribed to the
International Monetary Fund’s Special Data Dissemination Standard (SDDS), the first case where
implementation of the enhanced General Data Dissemination System (e-GDDS) has
facilitated advancement to the SDDS. Under the e-GDDS, Mongolia launched a
National Summary Data Page—a one-stop online publication portal—laying the
foundation for moving to the next tier of IMF data standards, the SDDS. In this
process, Mongolia has benefitted from a project in the Improvement of Data
Dissemination in the Asia and Pacific Region, financed by the Japanese
government, which aims to assist countries to improve data dissemination under
IMF’s data standards initiatives.
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 for subscription to the SDDS. It
underscores Mongolia’s strong commitment to transparency, as well as the
adoption of internationally accepted best practices in statistics.”
The SDDS, established by the IMF in March 1996, is intended
to guide members in the provision of economic and financial data to the public.
Subscription to the SDDS enhances the availability of timely statistics
according to an advance release calendar, thereby contributing to sound
macroeconomic policies and the proper functioning of financial markets.
Although voluntary, a subscribing member commits to observe the standard and to
provide information (metadata) about its data dissemination practices. This
information is made publicly available on the IMF's Dissemination Standards Bulletin
Board (DSBB).
The DSBB now provides comprehensive documentation in English
on the statistical practices of Mongolia for SDDS data categories, hyperlinked
to country data included in the National Summary Data Page, maintained by
Mongolia’s National Statistical Office.
Source: IMF
Communications Department
