West Bank and Gaza Formally Begins Participation in the IMF's General Data Dissemination System

Press Release No. 06/54

March 15, 2006 

West Bank and Gaza began participating in the International Monetary Fund's General Data Dissemination System (GDDS) on March 13, 2006, marking a major step forward in the development of West Bank and Gaza's statistical system. Comprehensive information on West Bank and Gaza's statistical production and dissemination practices now appears on the IMF's Dissemination Standards Bulletin Board (DSBB) (http://dsbb.imf.org/Applications/web/gdds/gddshome/).

Mr. Luay Shebaneh, President of the Palestinian Central Bureau of Statistics, stated: "The occasion of West Bank and Gaza's participation in the GDDS marks a significant accomplishment for the Palestinian Central Bureau of Statistics. The IMF's GDDS provides an excellent framework for developing national statistical systems. It addresses the full range of issues critical for compiling and disseminating statistics and makes explicit plans for developments to align national procedures with best practices. It also allows the national data-producing agencies to take control of their statistical development programs in a structured manner. Therefore, we believe it is truly desirable for West Bank and Gaza to participate in the GDDS, which may be viewed as laying the foundation for our capacity building in statistics. We look forward to making continuing progress in this area with technical assistance from various sources."

Mr. Robert Edwards, Director of the IMF Statistics Department (STA), welcomed West Bank and Gaza's GDDS participation and observed: "West Bank and Gaza's participation in the GDDS is a major milestone in the participant's statistical development. Participation in the GDDS should allow the West Bank and Gaza to take full advantage of the framework to enhance its statistical capacity. West Bank and Gaza is the first non-IMF member to participate in the GDDS. West Bank and Gaza is the second GDDS participant to have its metadata (information on its statistical practices) organized in the IMF Data Quality Assessment Framework, as endorsed by the IMF Executive Board."

West Bank and Gaza is the 89th GDDS participant. Five GDDS participants have graduated to become subscribers to the IMF Special Data Dissemination Standard. At present, all 84 GDDS participants disseminate their metadata, plans for improvement for their statistics, and related information on their technical assistance needs on the DSBB. The GDDS, established by the IMF in 1997, provides a framework to assist countries to develop their statistical systems with the objective of producing comprehensive and accurate statistics for policymaking and analysis.

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Document Type: Press Release
Document Sources: International Monetary Fund (IMF)
Subject: Economic issues, Social issues
Publication Date: 15/03/2006