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International Monetary Fund

in the Major Issues Identified in the GDDS Plans for Improvement 6. Statistical Capacity Indicator 7. GDDS Participants Meeting the GDDS Recommendations (Timeliness and Periodicity) by Data Category 7a. GDDS Participants Meeting the GDDS Recommendations for Periodicity by Data Category 8. Percent of GDDS Participants Meeting SDDS Requirements (Periodicity and Timeliness) by Data Category 9. Percentage of GDDS Participants Meeting the SDDS Periodicity Requirements by Data Category 10. GDDS Countries with Sovereign Bond Ratings, by Region 11. Data

International Monetary Fund

Project Countries: Subscription Dates, ROSCs, and Metadata Updates 6. GDDS Countries with Sovereign Bond Ratings, by Rating Agency References Acronyms AAf Anglophone African ACBF African Capacity-Building Foundation AFRITAC Africa Regional Technical Assistance Center DFID Department for International Development (U.K.) DSBB Dissemination Standards Bulletin Board DSI Data Standards Initiative (IMF) EMAR End-of-mission assessment report GDDS General Data Dissemination System IEO Internal Evaluation Office MAPS

Ms. Anne Y. Kester
Since the IMF launched the data standards initiatives a decade ago, 145 of its 184 member countries have participated. This 80 percent participation rate reaffirms the importance countries place on data transparency in the globalized economy, which the initiatives promote. The wide participation can be attributed to the consultative process that has allowed for the development of a coherent program that takes account of countries' capabilities, delineates clear responsibilities between the IMF and participating countries, and establishes effective monitoring procedures to ensure the credibility of the standards for policymakers, capital markets, and the general public. The approach has also provided checks and balances and fostered accountability. The initiatives may provide insights for the promotion of similar international standards.
Ms. Anne Y. Kester

subscription to the SDDS or participation in the GDDS, to varying extents, can improve a country’s access to international capital markets. The number of member countries participating in the GDDS has also underscored the significant role the GDDS can play in providing a sound framework for the development of national statistical systems. In fact, a number of GDDS countries, by improving their statistical systems, have graduated to become SDDS subscribers. In addition, the availability of timely, accurate, and comprehensive information on the economic and financial

International Monetary Fund

changed since the inception of the GDDS. It is now widely recognized that the dissemination of data creates its own demand for a higher quality of information and more extensive coverage of indicators. Data dissemination is likely to raise the profile and visibility of the statistical agencies and, by creating a demand for more and better statistics, may lead to a higher priority being placed on statistics in a country’s developmental plan and to more resources being allocated to the statistical agencies. The “time sensitivity” of users in many GDDS countries has

Mr. William E. Alexander, Mr. John Cady, and Mr. Jesus R Gonzalez-Garcia

national summary data page and the advance release calendar. Also, given that several GDDS countries are now borrowing in international capital markets and are subject to sovereign ratings, a revamped GDDS would incorporate the relevant data categories specifically developed to better serve capital market needs, such as the international reserves and foreign currency liquidity template. At the same time, the data dimension of the GDDS would be simplified. The reformed GDDS would thus be more truly a general case of the SDDS. It would include a larger number of data