Samoa Leads Asia Pacific Region In Statistical Data Transparency
Country first to introduce National Summary Data Page as recommended by IMF
NUKU‘ALOFA, Tonga (Matangi Tonga, April 20, 2017) – Samoa is leading the Asia Pacific region in statistical data transparency becoming the first country in the area to launch a new National Summary Data Page (NSDP), a one-stop statistics shop for publishing essential macroeconomic data, critical for monitoring economic conditions and policies.
The new data page is a response to a recommendation of the International Monetary Fund’s (IMF) Enhanced General Data Dissemination System (e-GDDS), which identifies economic information that is needed by member countries encouraging them to improve data quality and enhance transparency for their citizens in a timely manner.
The NSDP acts as the national data portal and is hosted by the Samoa Bureau of Statistics website.
Samoa’s Minister of Statistics, Afioga Sili Epa Tuioti said that Samoa is committed to improving its statistics system.
“Samoa is committed to using the e-GDDS to continue developing the national statistical system consistent with the best international practices. Samoa’s implementation of the e-GDDS will also lead to the production and dissemination of more reliable and timely statistics,” he said.
By publishing this data, national policy makers and a broad range of domestic and international stakeholders, including investors and rating agencies, can access this information easily and make informed economic decisions.
Director of the IMF’s Statistics Department, Louis Marc Ducharme, welcomed this major milestone in the country’s statistical development.
“I congratulate Samoa for being the first country in the Asia and Pacific region to adopt the e-GDDS National Summary Data Page. I am confident that Samoa will benefit from using the e-GDDS as a framework for further development of its statistical system.”
Last month, the IMF visited Tonga to assess economic development and found there was a lack of up to date statistical information available such as government finance, inflation, balance of payments, and national accounts data.
It suggested Tonga increase human and financial resources in its Statistics Department as a matter of priority.
However, Tonga is increasing transparency of its state-owned enterprises with the launching of a updated wetsite of the Ministry for Public Enterprises today, featuring State-owned Enterprises. The information will make it easy for taxpayers to find out what returns the government is receiving on its substantial investment in public enterprises.
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