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Romania is joining today the select club of statistically advanced countries that met the requirements for subscription and use of the International Monetary Fund (IMF) Special Data Dissemination Standard PLUS (SDDS-PLUS), according to a press statement released by Romania's the National Institute of Statistics (INS).
The Data Standards Initiatives were established in the mid-1990s to enhance member countries' data transparency and to promote the development of sound statistical systems. The need for data standards was highlighted by the financial crises of the mid-1990s and again in the late-2000s, when information deficiencies were seen to play a role.
The Data Standards Initiatives also include the SDDS and the Enhanced General Data Dissemination System (e-GDDS). Detailed information on the Data Standards Initiatives can be found on the Dissemination Standards Bulletin Board.
