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 discussed by the Board through December 2012.

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 discussed by the Board through December 2012.

Table 1.

Trends in Publication Rates (2010–12) 1/2/

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1/

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 2012 refers to documents discussed by the Board in 2012 and published by June 30, 2013.

2/

Data include documents issued for the Board's consideration in a meeting or on a lapse-of-time basis. It also includes SMPs, which are for information only.

3/

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 under detailed standards assessments. Completions and publications for the three standards led by the World Bank are updated as of February 28, 2009.

4/

Does not include authorities' statements that are included in ROSCs. Includes Executive Directors' Statements and “right of reply” documents.

5/

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

6/

Only includes policy papers for which publication is presumed under the Transparency Policy. Data collection started in January 2002.

Table 2.

Trends in Publication Rates of Article IV and UFR Staff Reports (2010–12)1/

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1/

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 2012 refers to the documents discussed by the Board in 2012 and published by June 30, 2013.

2/

Based on World Economic Outlook definitions.

Table 3.

Trends in Publication Lags (2010–12) 1/2/

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1/

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 2012 refers to the documents discussed by the Board in 2012 and published by June 30, 2013.

2/

Data include documents issued for the Board's consideration in a meeting or on a lapse-of-time basis. It also includes SMPs, which are for information only.

3/

Based on World Economic Outlook definitions.

4/

Number of calendar days.

5/

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

6/

Only includes policy papers for which publication is presumed.

Table 4.

Deletions in Article IV and UFR Staff Reports (2010–12) 1/2/

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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 2012 refers to the documents discussed by the Board in 2012 and published by June 30, 2013. This table includes new information and corrections as compared to Table 4 (b) in 2013 Review of the Fund's Transparency Policy - Background paper (SM/13/115).

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 column under each year.

Based on World Economic Outlook definitions.

Table 5.

Corrections in Article IV and UFR Staff Reports (2010–12) 1/2/

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1/

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 2012 refers to the documents discussed by the Board in 2012 and published by June 30, 2013. This table includes new information and corrections as compared to Table 5 (b) in 2013 Review of the Fund’s Transparency Policy - Background paper (SM/13/115).

2/

Because a single report can have corrections 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 column under

3/

Based on World Economic Outlook definitions.

Table 6.

Members Having Published All Article IV/UFR Staff Reports in 20121/2/3/4/

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1/

Includes groups of members and members' territories.

2/

The members listed in this table had published all their Article IV and/or all their UFR staff reports considered by the Board in 2012, by June 30, 2013.

3/

Members who published some of their Article IV/UFR staff reports in 2012 are: Antigua and Barbuda and Central African Republic.

4/

This list does not reflect the 44 members that did not have an Article IV or UFR document considered by the Board in 2012: Argentina, Bahamas, Barbados, Belize, Bhutan, Canada, Cape Verde, Costa Rica, Côte D'Ivoire, Cyprus, Denmark, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Gabon, Guinea-Bissau, Honduras, Hong Kong SAR, Iran, Iraq, Kiribati, Latvia, Libya, Lithuania, Madagascar, Maldives, Mali, Marshall Islands, Micronesia, Mozambique, Netherlands, Peru, Saint Lucia, Saint Vincent and the Grenadines, Serbia, Syria, Tanzania,Togo, Turkmenistan, Uganda, Vanuatu and Venezuela.

Table 7(a).

Members Not Publishing Article IV Reports in 2012 1/2/

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1/

The countries listed in this table had Article IV documents considered by the Board in 2012, but had not published these documents by June 30, 2013.

2/

For the Board meetings in 2012, all these countries published PINs.

Table 7(b).

Members Not Publishing All UFR Staff Reports in 20121/2/

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1/

The countries listed in this table had UFR staff reports considered by the Board in 2012, but had not published all these documents by June 30, 2013.

2/

For the Board meetings in 2012, all these countries published Press Releases.

Table 8.

Longest and Shortest Publication Lags for 2012 1/2/3/

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1/

Publication refers to documents considered by the Board in 2012 and published by June 30, 2013.

2/

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

3/

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

4/

Includes groups of members.

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