Guyana began participating in the Internation-al Monetary Fund’s General Data Dissemi-nation System (GDDS) on Wednesday, marking a major step forward in the development of the country’s statistical system, a press release said.
Comprehensive information on Guyana’s statistical production and dissemination practices now appear on the IMF’s Dissemination Standards Bulletin Board (http://dsbb.imf.org/ Applications/web/gdds/gddscountrylist/)
Guyana’s participation in the IMF’s General Data Dissemination System follows significant improvements already achieved in the quality and coverage of national statistics and in the strength of the national statistical system,” Finance Minister Dr Ashni Singh is quoted as saying.
“Guyana is committed to use the GDDS as a general framework to continue developing the national system consistent with best international practices,” he added.
Director of the IMF Statistics Department Adelheid Burgi-Schmelz welcomed Guyana’s participation in the GDDS. “Participating in the GDDS is a major milestone in Guyana’s statistical development. I am confident the country will benefit from using the GDDS as a framework for continuing development of its statistical system,” she said.
The GDDS was established by the IMF in 1997. It provides a framework to help countries to develop their statistical systems to produce comprehensive and accurate statistics for policymaking and analysis. Guyana is the 100th GDDS participant, excluding the countries that have graduated from the GDDS to the more rigorous Special Data Dissemination Standard, the release concluded.