Algeria Participates in the IMF’s General Data Dissemination System (GDDS)

Algeria has recently announced its decision to begin participating in the International Monetary Fund’s (IMF) General Data Dissemination System (GDDS). The GDDS was established by the IMF in 1997 and provides a framework to help countries develop their statistical systems. The Banque Centrale d’Algerie said that the decision was made in response to the need to improve transparency in data compilation and dissemination.

Participation in the GDDS will entail a major upgrade and overhaul in the management and communication systems used by the Algerian Ministry of Finance, national office of statistics and the central bank. These changes will be regularly monitored as comprehensive information on Algeria’s statistical production and dissemination practices will appear on the IMF’s Dissemination Standards Bulletin Board.

Algeria is the 95th country (and 1st among its neighbors) to participate the GDDS. Algeria’s decision to join the GDDS countries in building a national statistical system consistent with international practices is an important step towards advancing transparency and data compilation needed for economic policymaking and monitoring development progress.

Published Date: April 27, 2009