Mon­go­lia adopts IMF’s en­hanced gen­eral data dis­sem­i­na­tion sys­tem

The UB Post - - BUSINESS & ECONOMICS -

On Sep­tem­ber 7, the Na­tional Sta­tis­ti­cal Of­fice (NSO) be­gan pub­lish­ing crit­i­cal macroe­co­nomic data in the na­tional sum­mary data page (NSDP) as part of joint ef­forts be­tween IMF and the gov­ern­ment.

NSO has be­gun pub­lish­ing eco­nom­i­cal data rec­om­mended un­der the IMF’s en­hanced gen­eral data dis­sem­i­na­tion sys­tem (e-GDDS) while uti­liz­ing the sta­tis­ti­cal data and meta­data ex­change. Pub­li­ca­tion of essen­tial macroe­co­nomic data is in­tended to of­fer fi­nan­cial bod­ies easy ac­cess to in­for­ma­tion that the IMF’s ex­ec­u­tive board has iden­ti­fied as crit­i­cal

A mis­sion of IMF’s statis­tics depart­ment vis­ited Ulaan­baatar from June 28 to July 4 to as­sist with the im­ple­men­ta­tion of the e-GDDS.

IMF be­lieves that the 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 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.

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