Press releases

Belarus to intensify cooperation with IMF in SDDS

MINSK, 3 May (BelTA) – The Belarusian National Statistics Committee has been chosen a national cooperation coordinator between the Republic of Belarus and the International Monetary Fund (IMF) in its Special Data Dissemination Standard (SDDS). The decision was approved by Council of Ministers’ Resolution No.402 of 2 May 2012, BelTA learnt from the press service of the Belarusian government.

In line with the document, the National Statistics Committee will coordinate dissemination of the macroeconomic information on the Republic of Belarus within the IMF Special Data Dissemination Standard.

Belarus acceded to the IMF SDDS on 22 December 2004, and became the 58th in the world that subscribed to it. Adherence to this standard indicates the high quality of statistical data, compliance of the methodology for the calculation of indicators to international standards. This confirms the openness of statistic information of Belarus for international organizations, other countries and general public.

The Special Data Dissemination Standard (SDDS) was established by the International Monetary Fund to guide members that have, or that might seek, access to international capital markets in the provision of their economic and financial data to the public. Both the General Data Dissemination System (GDDS) and the SDDS are expected to enhance the availability of timely and comprehensive statistics and therefore contribute to the pursuit of sound macroeconomic policies; the SDDS is also expected to contribute to the improved functioning of financial markets.

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