Key Trends in Implementation of the Fund's Transparency Policy

At the time of the 2005 review of the Fund’s transparency policy, it was agreed that information on key trends in implementation of the transparency policy would be circulated to the Board regularly, along with lists indicating the publication status of reports discussed by the Board (see IMF Executive Board Reviews Fund’s Transparency Policy, August 15, 2005 and The Fund’s Transparency Policy—Proposed Amendments, July 28, 2005). The set of Tables provided in this report focuses on documents published through December 2005.

Abstract

At the time of the 2005 review of the Fund’s transparency policy, it was agreed that information on key trends in implementation of the transparency policy would be circulated to the Board regularly, along with lists indicating the publication status of reports discussed by the Board (see IMF Executive Board Reviews Fund’s Transparency Policy, August 15, 2005 and The Fund’s Transparency Policy—Proposed Amendments, July 28, 2005). The set of Tables provided in this report focuses on documents published through December 2005.

Introduction

1. At the time of the 2005 review of the Fund's transparency policy, it was agreed that information on key trends in implementation of the transparency policy would be circulated to the Board regularly, along with lists indicating the publication status of reports discussed by the Board (see IMF Executive Board Reviews Fund's Transparency Policy, August 15, 2005 and The Fund's Transparency Policy—Proposed Amendments, July 28, 2005).

2. The set of Tables provided in this report focuses on documents published through December 2005.1 Rolling updates will henceforth be issued annually to the Executive Board under the heading Key Trends in Implementation of the Fund's Transparency Policy2

3. It is proposed that these periodic reports be published within a few days of their issuance to the Board, with the final decision to authorize publication made in each case by the Board on a lapse of time basis.

I. Trends in Publication Rates

Table 1.

Trends in Publication Rates of Different Types of Documents 1/2/

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Publication rates refer to documents considered by the Board in each of the three time period identified and published respectively by end-December 2003, end-December 2004, and end-December 2005.

Data includes documents issued for the information and documents sent to the Board for consideration on lapse-of-time basis.

Includes initial ROSC assessments and reassesments produced by the IMF, as well as the World Bank and, in the case of AML/CFT ROSCs, by FATF and FATF-style regional bodies (FSRB), issued on a stand-alone basis or in FSSAs. Does not include assessments done under the Offshore Financial Center (OFC) program or detailed standards assessments.

Includes PINs on Article IV, Article IV combined with any of the following: UFR, Ex-Post Assessment, Post-Program Monitoring, Staff Monitored Program, and Policy Support Instrument.

Does not account for authorities' statements that are included in ROSCs. Includes Executive Directors' Statements and "right of reply" documents.

Includes LOIs/MEFPs and TMUs issued in the context of Staff Monitored Programs.

Only considers policy papers for which publication is presumed.

Table 2.

Trends in Publication Rates of Article IV and UFR Staff Reports1/

(by economic and regional characteristics)

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Publication rates refer to documents considered by the Board in each of the three time periods identified and published respectively by end-December 2003, end-December 2004, and end-December 2005.

WEO definitions.

II. Lags Between Board Consideration and Publication 1/

Table 3.

Trends in Publication Lags 1/2/

(by types of reports, and by economic and regional characteristics)

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Publication rates refer to documents considered by the Board in each of the three time periods identified and published respectively by end-December 2003, end-December 2004, and end-December 2005.

Country-specific documents are typically published within a couple of business days of receiving the final consent from the member country. Policy papers are published after authorization by the Board.

WEO definitions.

Number of calendar days.

Includes PINs on Article IV, Article IV combined with any of the following: UFR, Ex-Post Assessment, Post-Program Monitoring, Staff Monitored Program, and Policy Support Instrument.

Includes LOIs/MEFPs/TMUs issued in the context of Staff Monitored Programs.

Only considers policy papers for which publication is presumed.

III. Trends in Recourse to Deletions

Table 4.

Deletions in Article IV and UFR Staff Reports 1/

(by economic and regional characteristics)

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Publication rates refer to documents considered by the Board in each of the three time period identified and published respectively by end-December 2003, end-December 2004, and end-December 2005.

WEO definitions.

IV. Publication Behavior of Members

Table 5.

Members That Have Published all Article IV/UFR Staff Reports 1/

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Data refer to documents considered by the Board in the time period indicated and published through December 31, 2005. Does not reflect consent to publication received since then. Includes only countries where at least one Article IV or UFR Report was discussed during the relevant period. Somalia did not have any Article IV or UFR Staff Report discussed.

1/

Since then, the following members have consented to the publication of country report bundles: Albania, the Gambia, Germany, Greece, Guatemala, Guinea, Iraq, Jordan, Mali, Nicaragua, Panama, Paraguay, Tajikistan, Thailand, Vietnam. These publications are not reflected in the tables.

2/

Consistent with ongoing efforts to streamline procedures, subsequent reports on Key Trends in Implementation of the Fund's Transparency Policy are to be made available to the Board electronically and will no longer be issued in hard copy.

Key Trends in Implementation of the Fund's Transparency Policy
Author: International Monetary Fund