Press Release No. 17/269

Albania to Implement the IMF’s Enhanced General Data Dissemination System

July 10, 2017

A staff team from the International Monetary Fund (IMF)’s Statistics Department visited Tirana from April 14-20, 2017, to assist the authorities with the implementation of the Enhanced General Data Dissemination System (e-GDDS), which was endorsed by the Executive Board in May 2015. The team supported the development of the National Summary Data Page (NSDP), which was posted on the INSTAT website on June 20, and utilizes the Statistical Data and Metadata Exchange (SDMX). The page aims to serve as a one-stop publication vehicle for essential macroeconomic data.

Publication of essential macroeconomic data through the new NSDP provides national policymakers 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 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 and brings greater data transparency.

Background

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. A link to the country’s NSDP is available on the IMF’s Dissemination Standards Bulletin Board (DSBB): at http://dsbb.imf.org .

Watch this short video which gives a broad overview of the benefits of the eGDDS.