2011年-IMF国际货币组织全球_Key_Trends_in_Implementation_of_the_Fund39s_Transparency_Policy_9页_385kb

Summary of the IMF Transparency Policy Implementation Trends

Core Content

This document provides an overview of the implementation trends of the International Monetary Fund (IMF) transparency policy from 2008 to 2010. It outlines the publication rates, lags, and deletions of various reports and documents discussed by the IMF Board. The report was prepared by the Strategy, Policy, and Review Department in consultation with other departments and approved by Reza Moghadam on July 6, 2011.

Main Points

Publication Rates

• Staff Reports: The publication rate increased slightly from 83% in 2008 to 92% in 2010.
• Article IV, UFR, or Combined: The rate remained relatively stable at around 92% for 2010.
• Stand-alone Article IV: The publication rate decreased from 84% in 2008 to 87% in 2010.
• Stand-alone UFR: The publication rate remained high, around 96%.
• Stand-alone PPM, SMP, EPA, PSI: The rate improved significantly from 64% in 2008 to 100% in 2010.
• Joint Staff Advisory Notes: The publication rate improved from 65% in 2008 to 90% in 2010.
• HIPC Country Papers: The publication rate increased from 67% in 2008 to 95% in 2010.
• Selected Issues/Statistical Annexes: The rate decreased from 84% in 2008 to 75% in 2010.
• FSSAs: The publication rate improved from 62% in 2008 to 69% in 2010.
• ROSCs: The publication rate decreased from 75% in 2008 to 47% in 2010.
• Article IV PINs: The publication rate remained consistent at 98%.
• UFR and PSI Chairman's statements: The rate was consistently high, reaching 100% in 2010.
• Country Policy Intention Documents: The rate increased from 91% in 2008 to 96% in 2010.
• Policy Papers: The rate slightly decreased from 91% in 2008 to 90% in 2010.

Publication Lags

• The average publication lag for most reports decreased over the period.
• Shortest Lags: Some reports had zero lags, such as those from Mexico, Angola, Jordan, and Greece.
• Longest Lags: The longest lags were recorded for certain countries, with the Democratic Republic of the Congo having a lag of 118 days and the West African Economic and Monetary Union with a lag of 310 days.

Deletions

• Deletions in reports were relatively rare, with only a small percentage of reports having deletions.
• Deletions on exchange rate issues were less common than deletions on financial sector issues.
• Countries with fixed or crawling pegs or bands had a higher incidence of deletions, particularly on financial sector issues.

Key Information

• Publication Definition: Documents considered by the Board during the calendar year and published within six months.

• Exclusions: Some documents, such as those dealing with internal or administrative matters, were not subject to the presumed publication regime.

• Regional Trends:

  • Advanced Economies: High publication rates, with all reports published by 2010.
  • Emerging Markets: Slightly lower publication rates, with improvements in 2010.
  • Developing Countries: Lower publication rates, with some improvement in 2010.
  • Africa: Publication rates improved over time, with some countries having high deletion rates.
  • Asia: Publication rates increased, especially for financial sector issues.
  • Central and Eastern Europe: Generally high publication rates, with some variability in lags.
  • CIS and Mongolia: Lower publication rates, with significant lags in some cases.
  • Middle East: Low publication rates, with high lags and deletions.
  • Western Hemisphere: Moderate publication rates, with notable lags.

• Members Who Published All Reports: A list of countries that published all their Article IV/UFR staff reports by June 30, 2011, is provided, including notable countries such as Algeria, Georgia, and Panama.

• Members That Did Not Publish Any Reports: A list of countries that did not publish any Article IV/UFR staff reports by June 30, 2011, is also included, such as Brazil, Brunei Darussalam, and Uzbekistan.

Conclusion

The report highlights the general improvement in the publication of IMF reports and documents, particularly in the context of the transparency policy. While publication rates have increased for many categories, especially for PPM, SMP, and PSI reports, there are still disparities across regions and countries. The longest publication lags were observed in certain developing and emerging market countries, and deletions in reports were relatively rare but more common in financial sector issues. Overall, the transparency policy is being implemented with varying degrees of success, with some countries fully adhering to the publication timelines.