Transparency in Government Operations
Transparency in Government Operations

Author: Mr.J. D. Craig

Publisher: International Monetary Fund

Published: 1998-02-03

Total Pages: 50

ISBN-13: 155775697X

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Transparency in government operations is widely regarded as an important precondition for macroeconomic fiscal sustainability, good governance, and overall fiscal rectitude. Notably, the Interim Committee, at its April and September 1996 meetings, stressed the need for greater fiscal transparency. Prompted by these concerns, this paper represents a first attempt to address many of the aspects of transparency in government operations. It provides an overview of major issues in fiscal transparency and examines the IMF's role in promoting transparency in government operations.

The Fund's Transparency Policy - Review of Experience and Next Steps
The Fund's Transparency Policy - Review of Experience and Next Steps

Author: International Monetary Fund. Policy Development and Review Dept.

Publisher: International Monetary Fund

Published: 2002-05-24

Total Pages: 40

ISBN-13: 1498328547

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This paper reviews the experience with transparency of the Fund’s activities and its members’ policies. Transparency of the Fund as an institution has now become much more systematic. Fund missions consult more regularly with a broad group of interested parties. The Independent Evaluation Office has been established to provide objective and independent evaluation of issues related to the Fund. The Fund’s transparency has also been increased through external consultations on, and independent evaluations of, its own policies and more systematic publication of policy papers. Finally, the Fund has enhanced the provision of information to the public through its website, and a substantial percentage of documents covering a wide range of topics is now published. Overall, activities of the Fund are now subject to much greater public scrutiny.

Review of the Fund's Transparency Policy
Review of the Fund's Transparency Policy

Author: International Monetary Fund. Strategy, Policy, & Review Department

Publisher: International Monetary Fund

Published: 2009-10-26

Total Pages: 43

ISBN-13: 1498335284

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The Fund has come a long way since the inception of its policy toward increased openness some ten years ago. Most Board documents are now published; the volume of information in the Fund’s archives has increased significantly; and the Fund has strengthened outreach efforts to explain its operations and views to the outside world. Transparency and openness has become increasingly seen as a normal and essential part of the Fund’s business. There are significant benefits from increased transparency: it strengthens the Fund’s ability to influence public debate, subjects the Fund to outside scrutiny, and enhances the Fund’s legitimacy by making it more accountable. These benefits will only loom larger as the Fund takes on a larger role in calling out risks to the global economy, to help prevent future economic and financial crises. Indeed, in today’s world openness from public institutions like the Fund is generally expected.

Review of the Fund's Transparency Policy
Review of the Fund's Transparency Policy

Author: International Monetary Fund. Policy Development and Review Dept.

Publisher: International Monetary Fund

Published: 2005-05-25

Total Pages: 57

ISBN-13: 1498331513

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This review analyzes trends in publication of IMF documents and experience with various aspects of the transparency policy since July 2003, based on: Fund-wide data on publication; records of changes made to published staff reports; a survey of mission chiefs; and ten country case studies involving interviews with staff and Executive Directors.

The Fund's Transparency Policy - Issues and Next Steps
The Fund's Transparency Policy - Issues and Next Steps

Author: International Monetary Fund. Policy Development and Review Dept.

Publisher: International Monetary Fund

Published: 2003-09-29

Total Pages: 40

ISBN-13: 1498329004

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This paper presents for consideration by Directors the issue of a move to a policy of presumed publication of staff reports, and lays out possible options for modalities of implementing the policy of presumed publication. The paper also addresses several issues deferred to this review including: (i) presumed publication of UFR staff reports in exceptional access cases; (ii) deletions of highly politically-sensitive information; (iii) presumed publication of Financial System Stability Assessment (FSSA) reports and a policy for publication of Technical Notes prepared in the context of the Financial Sector Assessment Program (FSAP); and (iv) presumed publication of Reports on the Observance of Standards and Codes (ROSCs). The paper also addresses the issue of a modification policy for staff policy papers prior to publication, and the possibility of withholding publication of a staff report when deletions of highly market sensitive material would significantly alter its key messages.

Improving Fiscal Transparency to Raise Government Efficiency and Reduce Corruption Vulnerabilities in Central, Eastern, and Southeastern Europe
Improving Fiscal Transparency to Raise Government Efficiency and Reduce Corruption Vulnerabilities in Central, Eastern, and Southeastern Europe

Author: Mr.Bernardin Akitoby

Publisher: International Monetary Fund

Published: 2020-05-11

Total Pages: 66

ISBN-13: 1513532839

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This departmental paper investigates how countries in Central, Eastern, and Southeastern Europe (CESEE) can improve fiscal transparency, thereby raising government efficiency and reducing corruption vulnerabilities.

Is Transparency Good for You, and Can the IMF Help?
Is Transparency Good for You, and Can the IMF Help?

Author: Yongseok Shin

Publisher: International Monetary Fund

Published: 2003-06-01

Total Pages: 48

ISBN-13: 1451855400

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This paper finds that reforms introduced by the IMF to promote transparency have created more informed markets and reduced borrowing costs for those emerging market countries that volunteered for them. Using a quarterly panel estimation with fixed country effects, we find that sovereign spreads fall following the adoption of three different transparency reforms. The effects are economically important, especially for those countries with low initial transparency. We use two-stage least squares to address any endogeneity in the timing of reforms exploiting internal IMF timetables that are unrelated to country events. Next, using a panel GARCH specification, we show that spreads move more than normal in the days immediately following publication of IMF country documents.

Updated Guidance Note on the Fund’s Transparency Policy
Updated Guidance Note on the Fund’s Transparency Policy

Author: International Monetary Fund. Strategy, Policy, & Review Department

Publisher: International Monetary Fund

Published: 2014-08-04

Total Pages: 63

ISBN-13: 149834349X

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This note provides guidance to staff on the implementation of the Fund’s Transparency Policy. The objectives of the policy include strengthening the Fund’s effectiveness by providing the public with access to Fund views and deliberations, thus informing public debate and building traction for the Fund’s advice, supporting the quality of surveillance and of programs, by subjecting the Fund to outside scrutiny, and enhancing the Fund’s legitimacy by making the institution more accountable. A Transparency Policy Decision (referred to in the remainder of this note as “the Decision”) sets out rules for the modification and publication of all Board documents.

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

Author: International Monetary Fund. Policy Development and Review Dept.

Publisher: International Monetary Fund

Published: 2006-01-31

Total Pages: 9

ISBN-13: 1498332986

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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 (see IMF Executive Board Reviews Fund’s Transparency Policy, August 15, 2005 and The Fund’s Transparency Policy—Proposed Amendments, July 28, 2005). The set of Tables provided in this report focuses on documents published through December 2005.

Key Trends In Implementing The Fund's Transparency Policy
Key Trends In Implementing The Fund's Transparency Policy

Author: International Monetary Fund. Strategy, Policy, & Review Department

Publisher: International Monetary Fund

Published: 2024-07-29

Total Pages: 20

ISBN-13:

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At the time of the 2005 Review of the Fund’s Transparency Policy, the Executive Board requested regular updates on trends in implementing the transparency policy. This report provides an overview of recent developments, reflecting information on documents considered by the Board in 2022 and updating the previous annual report on Key Trends. Deeper analysis of these trends is undertaken in the context of periodic reviews of the Fund’s Transparency Policy.