Denmark Adheres to the International Monetary Fund's Special Data Dissemination Standard Plus

IMF News, January 3, 2017

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Canonical URL: Denmark Adheres to the International Monetary Fund's Special Data Dissemination Standard Plus

Press Release No. 17/01
Date: January 3, 2017
Issued by: IMF Communications Department; MEDIA RELATIONS; PRESS OFFICER: Bruno Pierre Silvestre
Contact: Phone: +1 202 623-7100; Email: MEDIA@IMF.org
Core announcement: Denmark has completed the requirements for adherence to the IMF’s Special Data Dissemination Standard (SDDS) Plus — the highest tier of the Data Standards Initiatives.
Denmark’s SDDS Plus data are now posted on the Dissemination Standards Bulletin Board at http://dsbb.imf.org/Pages/SDDS/Home.aspx?sp=y .

SDDS Plus builds on the SDDS.
Purpose: to assist statistically advanced countries with regard to the publication of comprehensive, timely, and reliable economic and financial data in an environment of continuing economic and financial integration.
Expected benefit (IMF comment): “the dissemination of the new data sets under the SDDS Plus will be invaluable in fostering a more informed assessment of the performance of Denmark’s financial sector, the cross-border-financial linkages, and the vulnerabilities of the economy to shocks.” — Mr. Louis Marc Ducharme, Director of the IMF’s Statistics Department.

The Data Standards Initiatives were established in the mid-1990s to enhance member countries’ data transparency and to promote the development of sound statistical systems.
Rationale: The need for data standards was highlighted by the financial crises of the mid-1990s and again in the late-2000s, when information deficiencies were seen to play a role.
The Data Standards Initiatives include:
- SDDS Plus
- SDDS
- Enhanced General Data Dissemination System

Detailed information on the Data Standards Initiatives can be found on the Dissemination Standards Bulletin Board at www.dsbb.imf.org.
For more information on SDDS Plus and its worldwide launch see the IMF’s press release of November 18, 2014.

Press Release No. 17/01 — January 3, 2017; IMF Communications Department