Togo, following IMF’s recommendations, launched a page to disseminate its macroeconomic data

Public finance

Wednesday, 18 July 2018 14:57

Togo, following IMF’s recommendations, launched a page to disseminate its macroeconomic data

(Togo First) - Togo just moved another step forward in regards to data transparency and modernization of its statistics system.

Indeed, a national summary data page (NSDP) was just created to that end. It will help implement recommendations of the enhanced general data dissemination system (eGDDS) which aims to help adhering nations boost their data’s transparency as well as their governance’s, by publishing information that is key to the assessment of macroeconomic conditions.

Data published on the NSDP will be available in various formats so that it can be read by various devices. This page is on the national statistics office’s website and on the IMF’s dissemination standards bulletin board at the following link:

https://dsbb.imf.org/egdds/country/TGO/category

According to the IMF, releasing key macroeconomic data on the NSDP will enable Togo’s decision-makers and other important parties, such as foreign investors and rating agencies, to easily access information that its board considers to be of high value.

Data released on the NSDP will be based on a defined schedule, thus contributing to the development of adequate macroeconomic policies and help obtain good feedback from financial markets.

Louis Marc Ducharme, Head of Statistics Division IMF, lauded this major step towards statistical development in Togo. “I applaud Togolese authorities for launching the NSDP. It is a significant milestone in regards to data dissemination. I am convinced that Togo will benefit from using the eGDDS to further improve its statistical system,” he said.

The eGDDS was established by the IMF’s executive board in May 2015 to support improved data transparency, encourage statistical development and help create synergies between data dissemination and surveillance.

Fiacre E. Kakpo

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