<p>Saudi Arabia has subscribed to the International Monetary
Fund’s Special Data Dissemination Standard (SDDS), marking a major step forward
for official statistics in the country. Subscription to the SDDS is expected to
enhance the country’s availability of timely and comprehensive statistics and
contribute to the pursuit of sound macroeconomic policies. The SDDS was established
by the IMF in March 1996 to guide members in the provision of economic and
financial data to the public.</p>



<p>This is contained in a press statement by IMF media
office, made available to OpenLife.</p>



<p>According to the statement, Saudi Arabia is the first
SDDS subscriber among the G20 SDDS countries to adopt the SDMX technology in
the National Summary Data Page (NSDP)— a one-stop online data publication
portal—facilitating dissemination in both human- and machine-readable (SDMX) formats.</p>



<p>Mr. Louis Marc Ducharme, Chief Statistician and Data
Officer, and Director of the Statistics Department of the IMF congratulated the
authorities for this major milestone in the country’s statistical development.
“The subscription to the SDDS underscores Saudi Arabia’s strong commitment to
data transparency as well as to the adoption of international best practices in
statistics,” Mr. Ducharme said.</p>



<p>“Saudi Arabia and the IMF have been working continuously
to improve official statistics, and subscription to the SDDS is an important
milestone ahead of Saudi Arabia G20 Presidency,” said Abdulaziz Alrasheed, the
Saudi Assistant Minister for International Financial Affairs and Fiscal
Policies. “The subscription to SDDS is fully in line with our Vision 2030 and
objective of embracing transparency, with a view to enhance macroeconomic
policies and ensure well-informed investment and policy decisions. Indeed, we
are committed to further strengthening our statistical system and data
transparency, in line with best practices.” he added.</p>

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