Mauritius joins IMF standards

Mar 09, 2012

Mauritius has joined the International Monetary Fund's (IMF) Special Data Dissemination Standard (SDDS).

The nation, which is the second in Africa to join this standard, has taken a major step economically, as the SDDS improves the release level of its official statistics.

This move will also allow Mauritius to get closer to an international recognition of its financial sector by showing that it is in line with the standards in use in the area.

For Director of the statistics department at the IFM Adelheid Burgi-Schmelz, Mauritius' international upgrade represents a "considerable progress for the official statistics and for users".

He added that this shows the commitment of the nation to become more transparent and to apply "the best possible practices in statistics".

Created in 1996, the SDDS aims to guide members that have or would seek access to international capital markets in the provision of their economic and financial data to the public.