Montenegro Implements the IMF’s Enhanced General Data Dissemination System

Published On : 09/07/2017

A mission of the International Monetary Fund (IMF)’s Statistics Department visited Podgorica during June 28–July 4, 2017 to assist the authorities with the implementation of the Enhanced General Data Dissemination System (e-GDDS) and the development of a National Summary Data Page (NSDP). Over the past months, the main statistical agencies involved have worked together to finalize the NSDP, utilizing the Statistical Data and Metadata Exchange (SDMX). The NSDP, which serves as a one-stop publication vehicle for essential macroeconomic data, is now posted on the website of the Statistical Office of Montenegro.

Publication of essential macroeconomic data through the new NSDP will provide policy makers and 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 all users to have simultaneous access to timely data. The authorities are preparing to release the data according to a disciplined dissemination schedule based on an Advance Release Calendar, which will bring greater data transparency to all users at the same time.

The authorities are very pleased that Montenegro has reached this important milestone in its quest for dissemination of quality statistics.

The new National Summary Data Page has started to give users access to the e-GDDS data categories from September 4, 2017.

Background

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 had been established in 1997. A link to the country’s NSDP is available on the IMF’s Dissemination Standards Bulletin Board (DSBB), at: http://dsbb.imf.org. Watch this short videothat gives a broad overview of the benefits of the e-GDDS.

Uma Rajagopal

Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.