These initiatives had significant input from the ECB and were welcomed recently also by the International Monetary and Financial Committee of the IMF Board of Governors. 14 “Statistics may be defined as a body of methods for making wise decisions in the face of uncertainty.” W.A. Wallis 15 Globalisation has increased this uncertainty.
Globalisation continues to impact decisively on statistics and there is no doubt of the merits of comparable statistics. We need globally comparable statistics. And, there must be investment in closing gaps and enhancing comparability of statistics at the global level. There is a global momentum and we must all be part.