Quarterly External Debt Statistics (QEDS) Database
QEDS refers to an online database launched by the World Bank and the International Monetary Fund (IMF) in 2004 that reports external debt statistics of 106 economies worldwide. The database provides timely data in a specific format that facilitates cross-country comparisons and thus complements multilateral economic surveillance initiatives. The database is updated every three months.
Creation of the QEDS database has been in keeping with initiatives under the Special Data Dissemination Standards (SDDS) and the General Data Dissemination Standards (GDDS) criteria established by the IMF in 1996 to improve the quality and availability of financial as well as macroeconomic data across countries. Such an initiative is expected to support economic decision-making that is better informed, spot potential vulnerabilities in the global economic system and lead to better functioning of financial markets. At present, according to the World Bank’s QEDS website, ‘.. 62 countries have agreed to participate in the SDDS/QEDS database while 44 Low Income Countries (LICs) to provide data to GDDS/QEDS database’. Data compiled in QEDS are based on methodologies, concepts, and presentation formats articulated in the External Debt Statistics: Guide for Compilers and Users (Guide) 2003 and the International Reserves and Foreign Currency Liquidity: Guidelines for a Data Template, 2001.
Participation of countries in the QEDS database is voluntary. The External Debt Management Unit (EDMU) in the Ministry of Finance, Government of India has joined the QEDS initiative in August 2006. EDMU has been compiling and supplying India’s external debt data on a quarterly basis to the QEDS in the requisite format, including information encouraged through supplementary tables.
Country data tables under QEDS can be accessed through the link http://web.worldbank.org/WBSITE/EXTERNAL/DATASTATISTICS/EXTDECQEDS/0,,contentMDK:20721958~menuPK:4704607~pagePK:64168445~piPK:64168309~theSitePK:1805415,00.html