Bank of Albania to Implement the IMF’s Enhanced General Data Dissemination System

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1. Albania to Implement the IMF ’s Enhanced General Data Dissemination System A mission of the International Monetary Fund (IMF)’s Statistics Department visited Tirana during April 14—20, 2017, to assist the authorities with the implementation of the Enhanced General Data Dissemination System (e-GDDS), which was endorsed by the Executive Board in May 2015. The mission supported the development of the National Summary Data Page (NSDP), which will be posted on the INSTAT website, utilizing the Statistical Data and Metadata Exchange (SDMX). The page aims to serve as a one-stop publication vehicle for essential macroeconomic data. Publication of essential macroeconomic data through the new NSDP will provide national policy makers and 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 easily accessible in both human and machine-readable formats, and according to an Advance Release Calendar, will allow all users to have simultaneous access to timely data and will bring greater data transparency. The authorities are encouraged by the progress that Albania has made to achieve this important statistical milestone. The NSDP will give users access to full information about Albania’s e-GDDS data categories by June 20, 2017. 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 supersedes the GDDS, which was established in 1997. A link to the country’s NSDP will be available on the IMF’s Dissemination Standards Bulletin Board (DSBB) by June 20, 2017: at http://dsbb.imf.org.