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Central African Rep. Begins Participation in IMF's Data System

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  • Central African Rep. Begins Participation in IMF's Data System

    allAfrica.com

    The Central African Republic Formally Begins Participation in the IMF's
    General Data Dissemination System

    International Monetary Fund (Washington, DC)

    July 16, 2004
    Posted to the web July 19, 2004

    Washington, DC

    The Central African Republic has begun participating in the International
    Monetary Fund's General Data Dissemination System (GDDS), marking an
    important step forward in the development of the country's statistical
    system. Comprehensive information on its statistical production and
    dissemination practices were published on the IMF's Dissemination Standards
    Bulletin Board (DSBB) http://dsbb.imf.org/Applications/web/gdds/gddshome/ on
    June 14, 2004.

    The GDDS, established by the IMF in 1997, provides a framework to assist IMF
    member countries to develop their statistical systems with the objective of
    producing comprehensive and accurate statistics for policy-making and
    analysis. It addresses the quality and the dissemination of data. In
    addition, the DSBB for the Central African Republic shows the country's
    plans for improvements in its statistical infrastructure and its related
    technical assistance needs. This information provides the international
    community with useful information to develop and coordinate their technical
    cooperation projects in the Central African Republic.

    Since its inception, 78 countries have participated in GDDS and have had
    their metadata published in the IMF's DSBB. Of this total, four countries
    (Armenia, Bulgaria, Kazakhstan, and the Kyrgyz Republic) have graduated to
    the Special Data Dissemination Standard (SDDS).

    Mrs. Carol S. Carson, Director of the IMF's Statistics Department, noted
    that GDDS participation was a milestone for these countries. "I am pleased
    to note that the Central African Republic has joined the large number of
    countries already participating in the GDDS. The commitment being made by
    the Central African Republic to improve statistics is an important one,
    allowing the country to take full advantage of this framework for developing
    their economic, financial, and socio-demographic data."
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