Kuwait finalizes IMF e-GDDS requirements

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KUWAIT CITY, Feb 6, (KUNA): Kuwait has completed all requirements pertaining to the International Monetary Fund Enhanced General Data Dissemination System (e-GDDS), Central Bank of Kuwait (CBK) Governor Dr. Mohammad Al-Hashel said on Thursday.

The IMF remotely provided Kuwait with technical support, between January 25 and February 4, to develop its National Summary Data Page (NSDP), read a statement by CBK, the coordinator of Kuwait’s e-GDDS at the IMF. Commenting on the outcome, Al-Hashel said, the “step is the outcome of joint work between CBK, the Ministry of Finance, and the Central Statistics Bureau.” “Preparations at the CBK are underway to host the National Summary Data Page (NSDP) on its website, and a link to the page will be available on the IMF’s Dissemination Standards Bulletin Board (DSBB),” the governor added.

“The NSDP utilises the Statistical Data and Metadata Exchange (SDMX) and aims to serve as a one-stop publication vehicle for key macroeconomic and financial data. “In addition, publication of the data through the new NSDP will provide national policy makers, local and international stakeholders – including investors and rating agencies – with easy access to information critical to monitoring economic conditions and policies.” He added, “making this information easily accessible will allow all users to have simultaneous access to timely data and will bring greater data transparency. To this end, the State of Kuwait’s NSDP is scheduled for launch in April 2021.”

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