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Maldives introduces IMF Data Dissemination System

23 June 2019, MVT 12:37
The building in the capital city of Male' in which Ministry of Finance and the Maldives Inland Revenue Authority (MIRA) are based. PHOTO: HUSSEIN WAHEED/ MIHAARU
23 June 2019, MVT 12:37

Maldives implemented the International Monetary Fund (IMF)’s Enhanced Data Dissemination System (e-GDDS) on June 18.

The IMF congratulated Maldives for its successful introduction of e-GDDS. An IMF mission visited the country from June 12-18 to aid authorities in implementing the system.

IMF’s Chief Statistician Louis Marc Ducharme described the move as a major success for the country's statistics industry. He added that the National Summary Data Page (NSDP), would enable Maldives to publicize information via a transparent system. NSDP will be posted on the National Bureau of Statistics website.

Macroeconomic data regarding national accounts, debt, government expenditure and balance of payment (BOP) will be included in the NSDP. IMF will also provide these details about Maldives.

NSDP will provide easy access to information for national policymakers as well as domestic and international stakeholders, including investors and rating agencies.

The IMF Executive Board established the e-GDDS in May 2015 to assist participating countries to improve data transparency and encourage statistical development by releasing of data essential for economic policymaking.

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