Lao PDR to Implement the IMF’s Enhanced General Data Dissemination System

A mission of the International Monetary Fund (IMF) visited Vientiane during June 13-27, 2018 to assist the Lao Statistics Bureau, the Bank of Lao, and the Ministry of Finance with the implementation of the Enhanced General Data Dissemination System (e-GDDS) under the framework of the implementation of the Strategy for the Sustainable Development of the National Statistical System (SDNSS) 2016-25 and the vision of 2030. The system aims to improve the dissemination of official macroeconomic data for the country, notably through an internet portal, the National Summary Data Page (NSDP). The NSDP will be posted on the website of the Lao Statistics Bureau [add link].

Publication of essential macroeconomic data through the 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 and financial developments in the country. Making this information easily accessible in both human and machine-readable formats, in one place 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 be made public by Second week of November, 2018 and will give users access to comprehensive macroeconomic data for Lao PDR. A link to the NSDP will be included on the IMF’s Dissemination Standard Bulletin Board (DSBB), which can be accessed here:  https://dsbb.imf.org. Lao PDR has benefited from a project on the improvement of data dissemination in the Asia and Pacific Region, financed by the government of Japan and aiming to assist countries in promoting data dissemination under IMF’s data standards initiatives.

Background

The e-GDDS was established by the IMF’s Executive Board in May 2015 replacing the GDDS, which was established in 1997, to support improved data transparency, encourage statistical development, and help create synergies between data dissemination and surveillance.

 

Be the first to comment

Leave a Reply

Your email address will not be published.


*