Bureau IMF Office in Moldova
May 3, 2006
of Moldova Joins World’s Top Third in Provision of Advanced Economic Information
On May 2, 2006, Moldova became the
63rd country (out of 184 IMF member states) to provide key economic information in line with international best
practices—based on the International Monetary Fund's (IMF) Special Data
Dissemination Standard (SDDS). As a result, a broad set of Moldovan economic
data will be published regularly on the IMF's Dissemination Standards Bulletin
The effort is expected to have
substantial positive benefits by ensuring the availability of timely and
comprehensive statistics to investors, policy makers, and the general public.
Studies show that providing data in this manner tend to improve functioning of
financial markets by reducing launch spreads by an average of 20 percent.
More generally, greater transparency tends to reassure investors and contributes
to the pursuit of sound macroeconomic policies as well as helps build consensus
on broad economic development priorities.
Mr. Vitalie Valcov, General Director of the National Statistics
Bureau, expressed satisfaction on this achievement and stressed that “the bureau
will continue to maintain the focus to compile and disseminate high quality
timely economic information, in accordance with international standards.”
Mr. Johan Mathisen, IMF Resident Representative in the Republic of
Moldova, noted that “Subscribing to the SDDS is a big step for Moldova,
comfortably placing the country in the company of the rest of Europe, ahead of
many emerging market countries.”
Further information is available at the IMF and
NBS Websites (www.imf.org,
www.statistica.md) and by telephone (+373-22) 729397, 233232.