June 20, 2024

Chad Implements the International Monetary Fund’s Enhanced General Data Dissemination System

NGOTE GALI KOUTOU, Chad Ambassador to the United States - Photo: Chad Embassy in Washington DC
NGOTE GALI KOUTOU, Chad Ambassador to the United States - Photo: Chad Embassy in Washington DC

Chad has implemented the recommendations of the IMF’s Enhanced General Data Dissemination System (e-GDDS) by publishing essential macro-economic and financial data through a National Summary Data Page (NSDP), the IMF said in a statement on Monday.

The e-GDDS was established by the IMF in 2015 to support improved data transparency, encourage statistical development, and help create synergies between data dissemination and policymaking. Benefits in implementing the e-GDDS have recently been reviewed by the IMF Executive Board in the context of the Tenth Review of the IMF Data Standards Initiatives . The NSDP is a national “data portal” that serves as a one-stop publication vehicle for essential macroeconomic data on the national accounts, government operations and debt, monetary and financial sector, and external sector.

The NSDP is hosted by the National Institute of Statistics, Economic and Demographic Studies (INSEED) of Chad, utilizing the Statistical Data and Metadata Exchange. A link to Chad’s NSDP is available on the IMF’s Dissemination Standards Bulletin Board. The NSDP contains links to statistics published by the Ministry of Finance and Budget, INSEED, and the National Directorate of the Bank of Central African States.

Publication of essential macroeconomic data through the NSDP will provide national policy makers and domestic and international stakeholders, including investors and rating agencies, with easy access to information critical for monitoring economic conditions and policies. Making this information easily accessible in both human- and machine-readable formats will allow users to have access to timely data and bring greater data transparency.

J. R. Rosales, Acting Director of the IMF’s Statistics Department, welcomed this major milestone in the country’s statistical development: “I am confident that Chad will benefit from using the e-GDDS as a framework for further development of its statistical system.”

Chad has benefitted from a project on Improving Data Dissemination for Globally Selected Countries, financed by the Government of Japan through the Japan Administered Account for Selected Fund Activities (JSA).

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