Promoting Fiscal Transparency the Complementary Roles of the Imf, Financial Markets and Civil Society

Author/Editor:

Murray Petrie

Publication Date:

October 1, 2003

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

This paper explores initiatives to date by the IMF, financial markets, and civil society organizations to assess and utilize information on fiscal transparency. The results of surveys and interviews of rating agency analysts and surveys of civil society organizations on their level of awareness of, and use of IMF fiscal transparency assessments are presented. The paper then considers the relative roles of the IMF, the private sector, and civil society organizations in assessing and promoting fiscal transparency, and the scope for greater complementarity among their roles. The paper concludes with a number of suggestions for making the IMF's fiscal transparency initiatives more effective.

Series:

Working Paper No. 2003/199

Subject:

Budget planning and preparation Civil society Economic sectors Fiscal transparency Fiscal transparency assessment Fiscal transparency code Public financial management (PFM)

English

Publication Date:

October 1, 2003

ISBN/ISSN:

9781451860139/1018-5941

Stock No:

WPIEA1992003

Pages:

45

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