2006年-IMF国际货币组织全球_Key_Trends_in_Implementation_of_the_Fund39s_Transparency_Policy_8页_89kb

Summary of Key Trends in Implementation of the Fund's Transparency Policy

Core Content

This document provides an analysis of the implementation trends of the International Monetary Fund (IMF) transparency policy, focusing on publication rates, lags between board consideration and publication, and the use of deletions in reports, all based on data from November 2002 to October 2005.

Main Views

I. Trends in Publication Rates

• The publication rate of various types of documents has shown some fluctuations over the three-year period.
• Staff Reports: The number of reports discussed decreased slightly, while the percentage published remained relatively stable.
• Article IV and UFR Reports: The percentage published increased from 78% to 82%, indicating a positive trend in transparency.
• Stand-alone Article IV Reports: The percentage published decreased from 73% to 79%, showing a less consistent trend.
• Article IV combined with other reports: The percentage published decreased from 93% to 81%, suggesting a decline in the transparency of combined reports.
• Stand-alone UFR Reports: The percentage published increased from 77% to 85%, indicating an improvement.
• Policy Papers: The percentage published remained relatively stable, with a slight decline in the last period.
• Policy PINs: The percentage published showed a decrease, with some variation across periods.
• Country Policy Intention Documents: The percentage published increased, indicating a trend towards greater transparency.
• Joint Staff Assessments: The percentage published decreased, reflecting a less consistent implementation of transparency.

II. Lags Between Board Consideration and Publication

• The average lag between board consideration and publication has increased slightly over the three years.
• Article IV and UFR Reports: The lag increased from 33 days to 35 days, with a higher percentage of reports delayed by more than one month.
• Advanced economies: The lag remained relatively low, with minimal delays.
• Emerging markets: The lag increased significantly, with more reports delayed by over one month.
• Developing countries: The lag also increased, with a higher percentage of reports delayed by over one month.
• Africa: The lag increased, with a notable rise in the percentage of reports delayed by more than two months.
• Asia: The lag increased, with a rise in the percentage of reports delayed by more than one month.
• Central and Eastern Europe: The lag decreased slightly, with fewer delays.
• CIS and Mongolia: The lag increased, with a higher percentage of reports delayed by more than one month.
• Middle East: The lag increased significantly, with more reports delayed by over one month.
• Western Hemisphere: The lag increased, with a higher percentage of reports delayed by more than one month.

III. Trends in Use of Deletions

• Deletions in reports have decreased over the period, indicating a trend towards greater transparency.
• Article IV and UFR Reports: The percentage of reports with deletions decreased from 16% to 6%.
• Advanced economies: The percentage of reports with deletions remained low.
• Emerging markets: The percentage of reports with deletions decreased, but there was still a notable number.
• Developing countries: The percentage of reports with deletions decreased, with a reduction in deletions on exchange rate issues.
• Africa: The percentage of reports with deletions decreased, with a reduction in deletions on both exchange rate and financial sector issues.
• Asia: The percentage of reports with deletions decreased, with a reduction in deletions on financial sector issues.
• Central and Eastern Europe: The percentage of reports with deletions decreased, with a reduction in deletions on both exchange rate and financial sector issues.
• CIS and Mongolia: The percentage of reports with deletions increased, with a rise in deletions on financial sector issues.
• Middle East: The percentage of reports with deletions increased, with a rise in deletions on exchange rate issues.
• Western Hemisphere: The percentage of reports with deletions decreased, with a reduction in deletions on both exchange rate and financial sector issues.

Key Information

• The report includes a list of abbreviations used throughout the document.
• It highlights the importance of transparency in the IMF's operations and the need for regular updates on the implementation of the transparency policy.
• The publication behavior of members has been analyzed, showing that some countries have consistently published all reports, while others have not.
• The data reflects the publication status of reports up to December 31, 2005, and does not include any consent received after that date.
• The report proposes that future periodic reports be published within a few days of their issuance to the Board, with the final decision on publication made by the Board on a lapse-of-time basis.