IMF国际货币组织全球-List-of-IMF-Member-Countries-with-Delays-in-Completion-of-Article-IV-Consultations-or-Mandatory-Financial-Stability-Assessments-over-18-Months_4页_249kb

IMF Member Countries with Delays in Article IV Consultations or Financial Stability Assessments

Core Content

The document outlines a list of IMF member countries that experienced delays in completing Article IV consultations or mandatory financial stability assessments over 18 months, as of June 15, 2019. It also provides a taxonomy of reasons for these delays.

Main Points

• The report was prepared by IMF staff and released on May 28, 2019, for information purposes.
• The views expressed are those of the staff and not necessarily those of the Executive Board.
• The IMF's transparency policy allows for the removal of market-sensitive information and the suppression of premature disclosure of policy intentions.
• Electronic copies of IMF policy papers are publicly available at http://www.imf.org/external/pp/ppindex.aspx.
• The list is updated in accordance with Executive Board Decision No. 15106-(12/21), which mandates the publication of member countries with delays exceeding 18 months in their Article IV consultations or financial stability assessments.
• The latest version of the list was published on or after June 20, 2019, and includes the status as of June 15, 2019.

Key Information

List of Member Countries with Delays

Notes on the List

• The status and classification of countries are based on June 15, 2019.
• Delays are calculated from the stipulated date for the next consultation, excluding a three-month grace period where applicable.
• The reasons for delay are categorized as follows:

Reasons for Delays

• Program-related issues: Delays to combine the consultation with a request for Fund resources (UFR), Policy Support Instrument (PSI), Policy Coordination Instrument (PCI), or program review; or due to ongoing discussions on UFR, PSI, or PCI, or continued work on program review.
• Political/security situation: Delays due to an unsettled political and/or security environment.
• Government change: Delays due to upcoming or recent elections, change of government, or internal changes within the government.
• Staffing constraints: Delays caused by staff resource limitations.
• Authorities' request: Delays at the request of the member country authorities, such as due to their inability to host the mission because of work schedules.
• No agreement on mission dates modalities: No agreement was reached on the mission's modalities or the authorities have not communicated dates for the consultation.
• Miscellaneous: Includes other reasons not covered by the above categories.

Conclusion

The report highlights that as of June 15, 2019, several IMF member countries faced significant delays in completing their Article IV consultations or financial stability assessments. The delays were primarily attributed to program-related issues, political and security challenges, and requests from authorities. Equatorial Guinea was newly added to the list, with a delay of exactly 18 months. The document serves as a monitoring tool for the Fund to track and address excessive delays in its consultation processes.