Using Metadata Standards to Improve IMF and National Data

Nalini Umashankar

Abstract


This poster illustrates how metadata standardization in the International Monetary
Fund (IMF) leads to an improvement in the quality of statistical information and a better understanding
of data and metadata by users. It enables a more efficient and faster exchange of information at lower
costs, which is made possible as a result of collaboration with member countries and other international
organizations. Metadata standardization leads to greater efficiencies and lower costs in global exchange
and internal production of data. Use of metadata standards enhances the accountability of countries for
providing quality information about their economy and improves the understanding of data by users. The
IMF experience, as outlined in this abstract, demonstrates how metadata standards have resulted in faster,
cheaper and more consistent production and dissemination of data.