Following the recommendations of the International Monetary Fund’s (IMF) Enhanced General Data Dissemination System (e-GDDS), Guyana will begin distributing critical data through its newly implemented portal, the National Summary Data Page (NSDP).
Established in 2015, the IMF e-GDDS facilitates improved data transparency, enhances statistical development, and fosters synergies between data dissemination and surveillance.
The “data portal” will serve as a delivery station for essential macroeconomic data on the national accounts, government operations and debt, monetary and financial sector, and balance of payments.
According to release from the IMF’s Communications Department, “The NSDP is hosted by the Guyana Bureau of Statistics, utilising the Statistical Data and Metadata Exchange… [and] contains links to statistics published by the Guyana Bureau of Statistics, the Central Bank and the Ministry of Finance.
The data produced by the NSDB allows policymakers and domestic and international stakeholders — investors and rating agencies included —to have access to information that can enhance their monitoring of economic conditions, reforms, and policies.
“Making this information easily accessible in both human and machine-readable formats will allow users to have simultaneous access to timely data and bring greater data transparency,” the IMF underscored.
Speaking on behalf of the IMF, Chief Statistician and Data Officer Louis Marc Ducharme, who is also director of the IMF’s Statistics Department, said the implementation of the NSDP is a major milestone in the country’s statistical development.
“I am confident that Guyana will benefit from using the e-GDDS as a framework for further development of its statistical system,” he stated.