2016年-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_425kb

IMF Member Countries with Delays in Article IV Consultations (April 2016)

Core Content

The document provides a list of IMF member countries that experienced delays in the completion of Article IV consultations or mandatory financial stability assessments exceeding 18 months as of March 15, 2016. The list is part of the IMF's transparency policy, which aims to ensure timely and consistent reporting on member countries' economic conditions.

Main Points

• Purpose: The report is intended to highlight delays in the IMF's Article IV consultation process, as mandated by Executive Board Decision No. 15106-(12/21).
• Transparency Policy: The IMF allows for the deletion of market-sensitive information and the withholding of premature policy disclosures in published reports.
• Publication Date: The latest version of the list was published on the IMF's external website on or after April 8, 2016.
• Delay Calculation: Delays are measured from the stipulated date for the next consultation, excluding a three-month grace period where applicable.
• Reasons for Delays: Delays are categorized, and the main reasons for each country are listed.

Key Information

• Venezuela: Last consultation completed on September 13, 2004. Next consultation stipulated for September 13, 2005. Delay of 124 months due to no agreement on mission dates and modalities.
• Argentina: Last consultation completed on July 28, 2006. Next consultation stipulated for July 28, 2007. Delay of 100 months. The authorities intend to restart consultations in 2016.
• Eritrea: Last consultation completed on December 7, 2009. Next consultation stipulated for December 7, 2010. Delay of 61 months due to no agreement on mission dates and modalities.
• Syrian Arab Republic: Last consultation completed on February 26, 2010. Next consultation stipulated for February 26, 2011. Delay of 57 months due to political and security issues.
• Central African Republic: Last consultation completed on January 30, 2012. Next consultation stipulated for January 30, 2013. Delay of 34 months due to political and security issues.
• Guinea: Last consultation completed on February 24, 2012. Next consultation stipulated for February 24, 2014. Delay of 24 months mainly due to the Ebola outbreak.
• Libya: Last consultation completed on May 17, 2013. Next consultation stipulated for May 17, 2014. Delay of 18 months due to political and security issues.

Reasons for Delays

The IMF categorizes the reasons for delays as follows:

• Program-related issues: Delays to combine consultations with requests for Fund resources or program reviews.
• Further discussions: Delays due to ongoing discussions with the authorities on economic developments and policies.
• Political/security situation: Delays caused by unsettled political or security conditions.
• Government change: Delays due to upcoming or recent elections, changes in government, or internal government shifts.
• Staffing constraints: Delays due to limitations in the availability of IMF staff.
• Authorities' request: Delays at the request of the member country authorities, such as due to their inability to host the mission.
• No agreement on mission dates modalities: No agreement on the mission's modalities or no communication of dates for the consultation.
• Miscellaneous: Includes reasons not covered in the above categories.

Conclusion

The document serves as a transparency tool to inform the public about delays in the IMF's Article IV consultation process. It highlights the challenges faced by certain countries in maintaining regular consultations and underscores the importance of timely and effective economic dialogue between the IMF and its member countries.