Published at: 2017 / 07 / 04. 12 : 46

Mongolia National Statistical Office (NSO), Central Bank of Mongolia, and the Ministry of Finance hosted a mission of the International Monetary Fund (IMF)’s Statistics Department during June 28–July 4, 2017 to assist with the implementation of the Enhanced General Data Dissemination System (e‐GDDS), which was endorsed by the IMF’s Executive Board in May 2015. The mission supported the development of the National Summary Data Page (NSDP)—a national “data hub”—that features data dissemination in Statistical Data and Metadata eXchange (SDMX) machine readable format. The NSDP aims to serve as a one-stop publication vehicle for essential macroeconomic and financial data. The NSDP will go live by September 5, 2017, placing Mongolia among the first wave of countries in the Asia and Pacific Region to implement the e-GDDS.

Ms. A. Ariunzaya, Chairperson of the NSO, stressed that the implementation of the e-GDDS would facilitate our efforts to achieve our goal of subscribing to the IMF's Special Data Dissemination Standard as set in the National Programme for Development of Official Statistics for 2017-2020.

The new NSDP will provide national policy makers and a broad range of national 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 in a country. Making this information available in both human and machine‐readable formats simultaneously to all data users will bring 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 is an advance beyond the GDDS, which was established in 1997. A link to Mongolia’s NSDP will be available on the IMF’s Dissemination Standards Bulletin Board (DSBB) by September 5, 2017 at http://dsbb.imf.org/.



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