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. The set of tables provided in this report updates the last Key Trends with information on documents issued through December 2010.

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 with information on documents issued through December 2010.

Table 1.

Trends in Publication Rates 1/2/

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Publication refers to documents considered by the Board during the calendaryear, and published with in sixmonths of the end of the calenda r yea r; e.g. the publication rate for 2010 refers to the documents discussed by the Boa rd in 2010 and published byJune 30, 2011.

Data include documents issued for the information of the Board and documents sent to the Board for consideration on la pse-of-ti me basis.

Includes i nitia I 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 orin FSSAs. Does notinclude assessments done under detailed standards assessments.

Does notin elude authori ties'statements thatare included in ROSCs. I ncl udes Executive Di rectors' Statements and "right of reply" documents.

TMUs when applicable.

Only includes policy pa pers for which publication is presumed under the Tra n spa re ncy Policy. As of March 17, 2010, the presumed publication regime for policy pa pers was extended to a II policy documents pre pa red for the Boa rd, i ncl udi ng documents pre pa red for forma I meetings and informal sessions. However, papers dealing with internal oradmi nistrative matters remain exel uded from the presumption.

Table 2.

Trends in Publication Rates of Article IV and UFR Staff Reports 1/

(By economic and regional characteristics)

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Publication refers to documents considered by the Board during the calendar year, and published within six months of the end of the calendar year; e.g. the publication rate for 2010 refers to the documents discussed by the Board in 2010 and published by June 30, 2011.

Based on World Economic Outlook definitions.

Exceptional access from March 24, 2009 is defined as countries with average annual access of over 200% of quota for total access or total access of over 600% of quota. Before March 24, 2009, itis defined as countries with over 300% total access or over 100% average annual access. Reports discussed are counted as the number of reports discussed by the Board between the effective date and the end of calendar year.

Table3.

Trends in Publication Lags1/2/

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

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Publication refers to documents considered by the Board during the calendar year, and published within six months of the end of the calendar year; e.g. the publication rate for 2010 refers to the documents discussed bythe Board in 2010and published byJune 30, 2011.

Country-specific documents are published on a "non-objection basis" from the member country, with technical delays typically not exceeding a couple of business days. Policy papers are published after authorization bythe Board.

Based on World Economic Outlook definitions.

Number of calendar days.

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

Only includes policy papers for which publication is presumed under the Transparency Policy. As of March 17, 2010, the presumed publication regime for policy papers was extended to all policy documents prepared for the Board, including documents prepared for formal meetings and informal sessions. However, papers dealing with internal or administrative matters remain excluded from the presumption.

Table 4.

Deletions in Article IV and UFR Staff Reports1/2/

(by economic and regional characteristics)

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Publication refers to documents considered by the Board during the ca lendar yea r, and published within six months of the end of the ca I end a r yea r; e.g. the publication rate for 2010 refers to the documents discussed by the Board in 2010 and published by June 30, 2011.

Because a single report can have deletions fa Ming into multiple categories, e.g., excha nge rate, financia I sector and/orotherareas,there is no fixed relationship between the second column a nd the third and fourth column undereachyear.

Based on World Economic Outlook definitions.

Table 5.

Members Having Published All Article IV/UFR Staff Reports in 2010 1/2/3/4/

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Includes groups of members and members' territories.

The members I is ted in this table had published all their Article IV/UFR staff reports considered by the Board in 2010, by June 30, 2011.

Members who published some of their Article IV/UFR staff reports in 2010 are: Antigua and Barbuda, Dominican Republic, Grenada, Honduras, Lesotho, Malawi, Nicaragua, and Yemen.

This list does not reflect the 23 members that di d not have a Board discussion in 2010: Argentina, Bahrai n, Bhutan, Djibouti, Ecuador, Eritrea, Gabon, Guinea, Kiribati, Li by a, Macedonia, Madagascar, Malta, Micronesia, Nigeria, Slovenia, Somal ia, Ti mor-Leste, Trinidad and Tobago, Tuva I u, Uruguay, Vanuatu and Venezuela.

Table 6.

Members That Did Not Publish Any Article IV/UFR Staff Reports in 2010 1/2/

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The countries listed in this table had Article IV/UFR documents considered by the Board in 2010, but had not published these documents by June 30, 2011.

For the Board meetings in 2010, Brazil, Brunei Darussalam, Oman, Uzbekistan, Saudi Arabia, St. Kitts & Nevis, St. Vincent and the Grenadines, and Turkmenistan published their PINs.

Table 7:

Longest and Shortest Publication Lags for 2010 1/2/3/

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Publication refers to documents considered by the Board in 2010 and published by June 30, 2011.

Publication lags refer to calendar days between the Board date and the publication date.

All documents covered in this table refer to Article IV/UFR documents.

Includes groups of members.

1

See Public Information Notice (PIN) No. 05/116 on the Review of the Fund’s Transparency Policy (08/15/05) and The Fund’s Transparency Policy—Proposed Amendments (7/28/05).

2

Key Trends in Implementation of the Fund’s Transparency Policy (8/23/10).

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