Key Trends in the 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. The set of tables provided in this report updates the last Key Trends 2 with information on documents published through December 2007. An update will continue to be issued annually to the Executive Board.

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. The set of tables provided in this report updates the last Key Trends 2 with information on documents published through December 2007. An update will continue to be issued annually to the Executive Board.

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.1 The set of tables provided in this report updates the last Key Trends 2 with information on documents published through December 2008.

I. Trends in Publication Rates

Table 1.

Trends in Publication Rates 1/2/

article image

Publication rates refer to documents considered by the Board in a period running from November 1 to October 31, and published by the end of the calendar year; e.g., the publication rate for 2008 refers to documents considered by the Board during November 1, 2007 to October 31, 2008, and published by December 31, 2008.

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

Includes initial ROSC assessments and reassessments 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 detailed standards assessments. Completions and publications for the three standards led by the World Bank are updated as of November 28, 2008.

Publication rate of PINs is expressed as a share of number of relevant Article IV Board discussions; by definition, 100% of PINs are published.

Does not include 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 SMPs and PSIs.

Only includes policy papers for which publication is presumed under the Transparency Policy.

Table 2.

Trends in Publication Rates of Article IV and UFR Staff Reports 1/ (by economic and regional characteristics)

article image

Publication rates refer to documents considered by the Board in a period running from November 1 to October 31, and published by the end of the calendar year; e.g., the publication rate for 2008 refers to documents considered by the Board during November 1, 2007 to October 31, 2008, and published by December 31, 2008.

WEO definitions.

II. Lags Between Board Consideration and Publication

Table 3.

Trends in Publication Lags 1/2/

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

article image

Publication rates refer to documents considered by the Board in a period running from November 1 to October 31, and published by the end of the calendar year; e.g., the publication rate for 2008 refers to documents considered by the Board during November 1, 2007 to October 31, 2008, and published by December 31, 2008.

Country-specific documents are published as soon as the final consent from the member country is received by the Fund, with technical delays typically not exceeding a couple of business days. Policy papers are published after authorization by the Board.

WEO definitions.

Number of calendar days.

Publication rate of PINs is expressed as a share of number of relevant Article IV Board discussions; by definition, 100% of PINs are published.

Includes LOIs/MEFPs/TMUs issued in the context of SMPs and PSIs.

Only includes policy papers for which publication is presumed.

III. Trends in Recourse to Deletions

Table 4.

Deletions in Article IV and UFR Staff Reports 1/2/

(by economic and regional characteristics)

article image

Publication rates refer to documents considered by the Board in a period running from November 1 to October 31, and published by the end of the calendar year; e.g., the publication rate for 2008 refers to documents considered by the Board during November 1, 2007 to October 31, 2008, and published by December 31, 2008.

Because a single report can have deletions falling into multiple categories, e.g., exchange rate, financial sector and/or other areas, there is no fixed relationship between the second column and the third and fourth columns under each year.

WEO definitions.

IV. Publication Behavior of Members Over the Past Two Years

Table 5.

Members That Published Both All Article IV/UFR Staff Reports and All Article IV PINs and UFR Chairman’s Statements 1/2/

article image

Data refer to documents considered by the Board between November 1, 2006 and October 31, 2008, and published by December 31, 2008. Includes combined Article IV/PSI discussions. Does not reflect consent to publication received since then. Data cover only countries where at least one Article IV or UFR was discussed during the relevant period, the total of which is 176 countries. Argentina, China, P.R. of, Comoros, Denmark, Fiji, Latvia, Luxembourg, Somalia, and Venezuela did not have any Article IV or UFR Staff Reports discussed.

Number in parenthesis at top of the table gives total for 2006 – 2007.

1

See Public Information Notice on the Review of the Fund’s Transparency Policy and The Fund’s Transparency Policy—Proposed Amendments (www.imf.org).

2

Key Trends in Implementation of the Fund’s Transparency Policy (www.imf.org).

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