IMF Data Standards Initiatives: A Consultative Approach To Enhancing Global Data Transparency

April 1, 2006

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Format: Chicago

Anne Y. Kester IMF Data Standards Initiatives: A Consultative Approach To Enhancing Global Data Transparency, (USA: International Monetary Fund, 2006) accessed December 26, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Data dissemination, Dissemination Standards Bulletin Board (DSBB), Financial statistics, Special Data Dissemination Standard (SDDS)

Keywords: Country, GDDS country, Sc, SDDS enhancement, SDDS subscriber, WP

Publication Details

Pages:

18
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2006/102
Stock No:

WPIEA2006102
ISBN:

9781451863628
ISSN:

1018-5941

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