(MENAFN- Muscat Daily) Muscat- The International Monetary Fund (IMF) has hailed Oman's adoption of the IMF's enhanced general data dissemination system (e-GDDS) as a 'major step forward' which will enhance transparency.
Oman recently launched a National Summary Data Page (NSDP), becoming one of the first GCC countries to implement the IMF's recommendations of e-GDDS. The NSDP is a national data page that serves as a one-stop vehicle for publishing essential macroeconomic data in both human and machine-readable formats, the IMF said in a statement on its website.
The NSDP is hosted by Oman's National Centre for Statistics and Information on its website and is available on the IMF's dissemination standards bulletin board.
Louis Marc Ducharme, chief statistician of the IMF, welcomed this major milestone in the sultanate's statistical development. He said, 'I congratulate the authorities of Oman for the launch of the NSDP, an important step forward in data dissemination. I am confident that Oman will benefit from using the e-GDDS as a framework for further developing its statistical system.'
The publication of essential macroeconomic data through the NSDP will provide national policy makers and a broad range of 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 simultaneously available to all users will bring greater data transparency, the IMF said.
The e-GDDS was endorsed 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.
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