A New era for Saudi Data on the IMF Platform

The International Monetary Fund (IMF) yesterday announced that Saudi Arabia will participate in the International Monetary Fund’s (SDDS) data dissemination standard, a major step forward for official statistics in the country.

Participation in the standard is expected to enhance the availability of comprehensive and up-to-date Saudi statistics and contribute to the pursuit of sound macroeconomic policies.

“Saudi Arabia is the first of the G20 countries to adopt the SDMX technology in the National Profile Data Sheet (NSDP),” the fund said in a statement obtained by Asharq Al-Awsat. A one-step portal for data dissemination over the Internet – making it easy to publish in a format that enables man-machine data to be read.

Luis Marc Ducharme, Chief Statistician, Data Officer and Director of the IMF’s Statistical Department, congratulated the Saudi authorities on this significant achievement in the country’s statistical development. He stressed that «participation in the standard confirms the strong commitment of Saudi Arabia to transparency of data, as well as the adoption of international best practices in the field of statistics».

For his part, Abdul Aziz Al-Rasheed, Assistant Minister of Finance for International Finance and Fiscal Policies in Saudi Arabia, said: “The Kingdom and the International Monetary Fund are constantly improving the official statistics. It is fully in line with Vision 2030 and the goal of embracing transparency, with the aim of promoting macroeconomic policies and ensuring informed investment and policy decisions… In fact, we are committed to strengthening our statistical system and data transparency, in line with best practices.