Mongolia is to implement IMF's Enhanced General Data Dissemination System

Oyundelger 2017-09-11 08:09

Economy

Mongolia is to implement IMF's Enhanced General Data Dissemination System.

Mongolia is to implement IMF's Enhanced General Data Dissemination System. The authorities of Mongolia began publishing critical macroeconomic data on the website of the National Statistics Office—the National Summary Data Page (NSDP). This marks the culmination of efforts conducted in recent period by the principal statistical agencies working together to publish the data recommended under the IMF’s enhanced General Data Dissemination System (e-GDDS), while utilizing the Statistical Data and Metadata Exchange. In support of these efforts, a mission of the IMF’s Statistics Department visited Ulaanbaatar 2017 to assist with the implementation of the e-GDDS. Publication of essential macroeconomic data through the new NSDP 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, and in accordance with an Advance Release Calendar, allows all users to have simultaneous access to timely data, bringing greater data transparency.