Riyadh – Mubasher: Saudi Arabia has subscribed to the International Monetary Fund’s Special Data Dissemination Standard (SDDS), which is a major step forward for official statistics in the kingdom, according to the IMF website.
The subscription to the SDDS is expected to enhance Saudi Arabia’s availability of timely and comprehensive statistics, the IMF stated.
“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,” director of the statistics department of the IMF, Louis Marc Ducharme, said.
The top economy among Arab countries is the first SDDS subscriber among the G20 SDDS countries to adopt the SDMX technology in the National Summary Data Page (NSDP).
“This standard will contribute to the availability of real-time and comprehensive statistics leading to increased level of data access to financial markets to help make investment decisions in the Kingdom,” Reuters reported, citing Saudi finance minister, Mohammed al-Jadaan, as saying.
