International Monetary Fund (IMF) has developed a national summary data page (NSDP) for the Malawi government to serve as a one-stop publication vehicle for vital macroeconomic data.
This is a step towards the implementation of the enhanced general data dissemination system (e-GDDS), which supersedes general data dissemination system, established on July 1 2015 to encourage member countries to improve data quality and guiding member countries in the dissemination of reliable data, among others.
The development follows a request by Treasury to the IMF’s Statistics Department, whose officials visited the country mid this month to assist with the implementation of the system.
A statement issued by the IMF on Monday said publication of essential macroeconomic data through the new NSDP will provide national policymakers and domestic and international stakeholders easy access to information that the IMF’s Executive Board has identified as critical for monitoring economic conditions and policies.
Treasury spokesperson Nations Msowoya, in an interview yesterday, said the involved government agencies—Ministry of Finance, Economic Planning and Development, Reserve Bank of Malawi [RBM] and National Statistical Office [NSO]—will work in a coordinated approach to provide updated and relevant financial data.
“Independent think-tanks and the public stand to benefit from this platform, which will strive to provide comprehensive, timely, reliable economic, financial, and socio-demographic statistics,” said Msowoya.