A mission of the International Monetary Fund (IMF)’s Statistics Department visited FSM during 18th – 24th May 2017 to collaborate with government authorities – FSM Division of Statistics, FSM Banking Board, and FSM Department of Finance and Administration – with the implementation of the Enhanced General Data Dissemination System (e-GDDS). The e-GDDS was endorsed by the IMF’s Executive Board in May 2015.
The mission is particularly to support the development of the National Summary Data Page (NSDP), which will be hosted on the FSM Division of Statistics website, utilizing the Statistical Data and Metadata Exchange (SDMX).
The NSDP aims to serve as a one-stop publication vehicle for essential macroeconomic data. Publication of essential macroeconomic data through the new NSDP will provide national policy makers and domestic and international stakeholders, including investors, 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 according to an Advance Release Calendar, will allow all users to have simultaneous access to timely data and will bring greater data transparency.
The NSDP will give users access to full information about the FSM’s e-GDDS data, and will be available no later than 24 July 2017 on the FSM Division of statistics website at http://www.fsmstats.fm and also on the IMF’s Dissemination Standards Bulletin Board (DSBB) at http://dsbb.imf.org.
Implementation of the e-GDDS is a major statistical milestone for FSM. FSM is the second country in the Pacific Islands to implement the recommendations of the e-GDDS.
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 was established in 1997.
For more information please contact the FSM Division of Statistics at (691) 320 2646/5133 or email email@example.com.
Press Release #S002-17
Palikir, Pohnpei – Dept of R and D
May 30, 2017