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Bahamas: IMF Helps Bahamas Boost Economic Data Transparency

The Bahamas has enhanced the provision of key national economic and financial data by consolidating it into one website location in accordance with the IMF’s advice.

The International Monetary Fund (IMF) and Central Bank of The Bahamas, in simultaneous statements on Friday, said this nation had implemented the former’s recommendations on the Enhanced General Data Dissemination System (e-GDDS). This will serve as a facility for publishing critical data through the National Summary Data Page (NSDP).

The IMF said the NSDP, in turn, “aims to serve as a one-stop publication vehicle for essential macroeconomic data on national accounts, government operations and debt, monetary and financial sector, and the balance of payments”.

It added that the initiative was intended to boost transparency surrounding key economic data, and encourage development among the Government’s key data and statistical-generating agencies.

“These data will be disseminated in both human and machine-readable formats,” the IMF said of The Bahamas’ e-GDDS. “The e-GDDS 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.”

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