## pp120617-2017-key-trends-in-implementation-of-the-fund-s-transparency-policy

## Source details

**Canonical URL:** [pp120617-2017-key-trends-in-implementation-of-the-fund-s-transparency-policy](https://www.imf.org/-/media/files/publications/pp/2017/pp120617-2017-key-trends-in-implementation-of-the-fund-s-transparency-policy.pdf)

## Other formats

- [Markdown version](/-/media/files/publications/pp/2017/pp120617-2017-key-trends-in-implementation-of-the-fund-s-transparency-policy.pdf.md)
- [Structured JSON version](/-/media/files/publications/pp/2017/pp120617-2017-key-trends-in-implementation-of-the-fund-s-transparency-policy.pdf.json)

---

### Overview and Context
- Report prepared by Strategy, Policy, and Review Department; completed on December 6, 2017; issued to the Executive Board for information.
- The IMF’s transparency policy allows for the deletion of market-sensitive information and premature disclosure of the authorities’ policy intentions in published staff reports and other documents.
- Report covers documents considered by the Board in 2014–16 and updates the previous annual report on Key Trends.
- Electronic copies of IMF Policy Papers are available to the public from http://www.imf.org/external/pp/ppindex.aspx.

### Publication Rates (2014–16)
- All Documents:
  - Reports discussed 984 (2014), 939 (2015), 229 (2016) — Published (percent) 43 (2014), 92 (2015), 92 (2016), 1392 (2016)
- Staff Reports:
  - Reports discussed 220 (2014), 932 (2015), 1794 (2016) — Published (percent) 32 (2014), 1794 (2015), 20196 (2016)
- Article IV, UFR, or Combined:
  - Reports discussed 1939 (2014), 3188 (2015), 9418 (2016) — Published (percent) 89 (2014), 418 (2015), 696 (2016)
- Stand-alone Article IV:
  - Reports discussed 3/1129 (2014), 21139 (2015), 211595 (2016)
- Article IV combined with UFR, PPM, SMP, EPA, PSI:
  - Reports discussed 2090 (2014), 14100 (2015), 1794 (2016)
- Stand-alone UFR:
  - Reports discussed 6197 (2014), 6195 (2015), 54100 (2016)
- Stand-alone PPM, SMP, EPA, EPE, PSI:
  - Reports discussed 2295 (2014), 2793 (2015), 1593 (2016)
- Selected Issues/Statistical Annexes:
  - Reports discussed 7890 (2014), 8490 (2015), 89389 (2016)
- FSSAs:
  - Reports discussed 1070 (2014), 978 (2015), 1292 (2016)
- ROSCs:
  - Reports discussed 3272 (2014), 2090 (2015), 2580 (2016)
- Article IV Press Releases:
  - Reports discussed 1089 (2014), 2102 (2015), 9812 (2016)
- UFR and PSI Chairman's statements:
  - Reports discussed 9299 (2014), 8095 (2015), 53100 (2016)
- Authorities' statements:
  - Reports discussed 1519 (2014), 9149 (2015), 5165100 (2016)
- Country Policy Intention Documents:
  - Reports discussed 2189 (2014), 6182 (2015), 91170100 (2016)
- LOIs/MEFPs:
  - Reports discussed 1349 (2014), 71189 (2015), 314100 (2016)
- TMUs:
  - Reports discussed 7499 (2014), 5695 (2015), 356100 (2016)
- All Policy Papers:
  - Reports discussed 7584 (2014), 7980 (2015), 7478 (2016)
- Policy Papers that are presumed to be published:
  - Reports discussed 6695 (2014), 6893 (2015), 6294 (2016)

(Note: Table layout in source mixes counts and percentages across columns and years; figures preserved exactly as presented.)

### Publication Rates by Economic and Regional Characteristics (Article IV and UFR, 2014–16)
- Article IV, UFR and combined staff reports:
  - Reports discussed 1939 (2014), 3188 (2015), 9418 (2016) — Published (percent) 89 (2014), 418 (2015), 696 (2016)
- Advanced markets:
  - Reports discussed 39100 (2014), 30100 (2015), 34100 (2016)
- Emerging markets:
  - Reports discussed 88918 (2014), 1949 (2015), 4192 (2016)
- Developing countries:
  - Reports discussed 66927 (2014), 7916 (2015), 1100 (2016)
- Emerging market and developing countries:
  - Reports discussed 3/15492 (2014), 15892 (2015), 15295 (2016)
- Africa:
  - Reports discussed 46985 (2014), 19644 (2015), 4100 (2016)
- Asia:
  - Reports discussed 26922 (2014), 89328 (2015), 96896 (2016)
- Central and Eastern Europe:
  - Reports discussed 13100 (2014), 15100 (2015), 17100 (2016)
- CIS and Mongolia:
  - Reports discussed 13921 (2014), 37710 (2015), 90 (2016)
- Middle East:
  - Reports discussed 20952 (2014), 2090 (2015), 1486 (2016)
- Western Hemisphere:
  - Reports discussed 36783 (2014), 19039 (2015), 992 (2016)

### Publication Lags (2014–16)
- Article IV, UFR and Combined staff reports:
  - Number published 18023 (2014), 17817 (2015), 62017 (2016) — Average lag (days) 3179 (2014), 16119 (2015), 116 (2016)
- Article IV:
  - Number published 10318 (2014), 17810 (2015), 42317 (2016) — Average lag 5104 (2014), 3175 (2015), 10919 (2016), 136 (2016)
- Combined:
  - Number published 18313 (2014), 31114 (2015), 23297 (2016) — Average lag 16142 (2014), 1260 (2015)
- UFR:
  - Number published 59211 (2014), 4758 (2015), 81414 (2016) — Average lag 05416 (2014), 97 (2016)
- Advanced markets:
  - Number published 39900 (2014), 30500 (2015), 34600 (2016)
- Emerging markets:
  - Number published 80252 (2014), 19761 (2015), 92148 (2016)
- Developing countries:
  - Number published 61242 (2014), 08702 (2015), 52046 (2016)
- Emerging market and developing countries:
  - Number published 14122 (2014), 18414 (2015), 47221 (2016)
- Africa:
  - Number published 45272 (2014), 41149 (2015), 19202 (2016)
- Asia:
  - Number published 24201 (2014), 30206 (2015), 26171 (2016)
- Central and Eastern Europe:
  - Number published 13150 (2014), 01690 (2015), 16960 (2016)
- CIS and Mongolia:
  - Number published 12261 (2014), 72103 (2015), 14010 (2016)
- Middle East:
  - Number published 19232 (2014), 12182 (2015), 51276 (2016)
- Western Hemisphere:
  - Number published 28213 (2014), 2928 (2015), 29321 (2016)
- Selected other documents (examples preserved from table):
  - FSSAs Number published 73029 (2014), 14758 (2015), 57141 (2016)
  - Selected Issues/Statistical Annexes Number published 70182 (2014), 17762 (2015), 31218 (2016)

(Numeric layout mirrors source table; average lag unit is number of calendar days as noted in source.)

### Deletions in Article IV and UFR Staff Reports (2014–16)
- All Article IV and UFR reports:
  - Number published 18019 (2014), 67176 (2015), 11471 (2016) — With deletions 79124 (2014), 7 (2015), 247 (2016)
- Advanced markets:
  - Number published 39230 (2014), 83013 (2015), 31034 (2016) — With deletions 12312 (2016)
- EU:
  - Number published 26120 (2014), 41810 (2015), 1122 (2016) — With deletions 18518 (2016)
- Other Europe:
  - Number published 30004 (2014), 50252 (2015), 54000 (2016)
- ROW:
  - Number published 10600 (2014), 02070 (2015), 00700 (2016)
- Emerging markets:
  - Number published 80261 (2014), 11176 (2015), 16711 (2016) — With deletions 84196 (2016), 10 (2016)
- Developing countries:
  - Number published 61820 (2014), 70413 (2015), 61220 (2016)
- Africa:
  - Number published 45902 (2014), 49202 (2015), 44202 (2016)
- Asia:
  - Number published 24214 (2014), 02684 (2015), 82477 (2016)
- CIS and Mongolia:
  - Number published 12584 (2014), 23310 (2015), 30102 (2016) — With deletions 09222 (2016), 11 (2016)
- Middle East:
  - Number published 19165 (2014), 01811 (2015), 16123 (2016) — With deletions 178 (2016)
- Western Hemisphere:
  - Number published 28321 (2014), 11428 (2015), 21711 (2016) — With deletions 36173 (2016)

Table 4b — Deletions in 2016 (percent of all deletions requested by income group and region)
- All Article IV, UFR and combined reports: 66 / 702730 / 08 / 1238
- Advanced markets: 14 / 6414 / 36 / 0 / 1414 / 0 / 7
- EU: 12 / 75 / 1725 / 0 / 0 / 17 / 0 / 8
- Other Europe: 10 / 01000100 / 000
- ROW: 100 / 1000 / 000 / 0
- Emerging markets: 50 / 723028 / 0 / 6104 / 8
- Developing countries: 2 / 5050 / 50 / 0 / 0 / 50 / 0 / 0
- Africa: 1 / 100100 / 00 / 0 / 00 / 0
- Asia: 3 / 676733 / 000 / 033
- Central and Eastern Europe: 4 / 502550 / 050 / 000
- CIS and Mongolia: 6 / 675033 / 00 / 00 / 33
- Middle East: 22 / 82 / 2318 / 00 / 990
- Western Hemisphere: 16632538 / 062506
- Countries with fixed or crawling pegs or bands: 3669 / 31310 / 6176 / 3
- Countries with other exchange rate regimes: 24 / 6329 / 380 / 1380 / 17

Reason deletion requests were rejected (preserved phrasing from source):
- Information is already in the public domain.
- Information is sufficiently general not to trigger market disruption in near term.
- Inclusion of information in Staff report does not impede ability to implement new policy.

Notes on deletions:
- Figures refer to deletions made to staff reports for Article IV consultations and use of Fund resources that went before the Board from January 1, 2016 to December 31, 2016.
- Each deletion is counted separately; aggregate includes deletion requests received by country desks and reviewed by SPR; does not include requests received and rejected by country teams that were not forwarded to SPR for review.
- Deletions may be-approved, partially rejected, rejected, or rejected but subsequently approved by management; partially rejected deletions include items where only part of the requested deletion was accepted or where deletion was reformulated and then accepted.

### Corrections in Article IV and UFR Staff Reports (2014–16)
- All Article IV and UFR reports:
  - Number published 18074 (2014), 39231 (2015), 76764 (2016) — With corrections 518179 (2014), 785318 (2015),  (2016)
- Advanced markets:
  - Number published 39927 (2014), 93330 (2015), 97805 (2016) — With corrections 734 (2016), 948 (2016), 235 (2016)
- EU:
  - Number published 26857 (2014), 32718 (2015), 83896 (2016) — With corrections 722 (2016), 917 (2016), 732 (2016)
- Other Europe:
  - Number published 31000 (2014), 67674 (2015), 100 (2016) — With corrections 502 (2016), 541 (2016), 00750 (2016)
- ROW:
  - Number published 10100 (2014), 90407 (2015), 10071 (2016) — With corrections 577 (2016), 100 (2016), 10029 (2016)
- Emerging markets:
  - Number published 80944 (2014), 13176 (2015), 96621 (2016) — With corrections 684 (2016), 100 (2016), 6719 (2016)
- Developing countries:
  - Number published 61381 (2014), 15704 (2015), 61461 (2016) — With corrections 146 (2016), 139 (2016), 187 (2016)

Table 5b — Corrections in 2016 (percent of all corrections requested by income group and region)
- All Article IV, UFR or combined reports: 1,557 / 92118013300
- Advanced markets: 53894106002400
- EU: 28893127003400
- Other Europe: 3697143000300
- ROW: 1999387002500
- Emerging markets: 91791129014310
- Developing countries: 102 / 92108004301
- Africa: 141901110005320
- Asia: 22892108004400
- Central and Eastern Europe: 17396104012100
- CIS and Mongolia: 59901210025202
- Middle East: 104901310031303
- Western Hemisphere: 329891311015400
- Countries with fixed or crawling pegs or bands: 537881712015401
- Countries with other exchange rate regimes: 75392118003400

Reason correction requests were rejected (preserved phrasing from source):
- Does not meet post-Board criteria.
- Other.

Notes on corrections:
- Figures refer to corrections made to staff reports for Article IV consultations and use of Fund resources that went before the Board from January 1, 2016 to December 31, 2016.
- Each correction is counted separately; aggregate includes correction requests received by country desks and reviewed by SPR; does not include requests received and rejected by country teams that were not forwarded to SPR for review.
- Corrections cannot be used to improve presentation, extend staff's or the authorities arguments, alter staff's assessment, or introduce new information as per the policy.

### Members that Published All Article IV/UFR Staff Reports in 2016
- Countries listed in Table 6 that published all Article IV/UFR staff reports in 2016 include (preserved ordering and names as in source):
  - Afghanistan, Islamic Republic of; Albania; Algeria; Argentina; Armenia; Austria; Azerbaijan; Bahamas, The; Bangladesh; Barbados; Belarus; Belize; Benin; Bhutan; Bolivia; Bosnia and Herzegovina; Botswana; Brazil; Brunei Darussalam; Burkina Faso; Burundi; Cabo Verde; Cambodia; Cameroon; Canada; Central African Republic; Chad; Chile; China; Colombia; Comoros; Congo, Republic of; Costa Rica; Cote d'Ivoire; Croatia; Cyprus; Czech Republic; Democratic Republic of the Congo; Denmark; Djibouti; Dominica; Dominican Republic; Ecuador; Egypt; El Salvador; Equatorial Guinea; Eritrea; Estonia; Eswatini; Ethiopia; Fiji; Finland; France; Gabon; Gambia, The; Georgia; Germany; Ghana; Greece; Grenada; Guatemala; Guinea; Guinea-Bissau; Guyana; Haiti; Honduras; Hong Kong SAR; Hungary; Iceland; India; Indonesia; Iraq; Ireland; Israel; Italy; Jamaica; Japan; Jordan; Kazakhstan; Kenya; Kiribati; Korea; Kosovo; Kuwait; Kyrgyz Republic; Lao PDR; Latvia; Lebanon; Lesotho; Liberia; Libya; Lithuania; Luxembourg; Madagascar; Malawi; Malaysia; Maldives; Mali; Malta; Mauritania; Mauritius; Mexico; Micronesia; Moldova; Monaco; Mongolia; Montenegro; Morocco; Mozambique; Myanmar; Namibia; Nepal; Netherlands; New Zealand; Nicaragua; Niger; Nigeria; North Macedonia; Norway; Oman; Pakistan; Palau; Panama; Papua New Guinea; Paraguay; Peru; Philippines; Poland; Portugal; Romania; Russia; St. Kitts and Nevis; St. Lucia;

### Members Not Publishing Article IV Reports in 2016
- Full list of members (as presented):
  - Vincent and the Grenadines, Belgium, Ireland, San Marino, Belize, Italy, São Tomé Príncipe, Bhutan, Jamaica, Saudi Arabia, Bolivia, Japan, Senegal, Bosnia and Herzegovina, Jordan, Serbia, Botswana, Kenya, Sierra Leone, Brazil, Kiribati, Singapore, Bulgaria, Korea, Slovak Republic, Burkina Faso, Kosovo, Slovenia, Cambodia, Kyrgyz Republic, Solomon Islands, Canada, Latvia, South Africa, Cabo Verde, Lebanon, Sri Lanka, CEMAC, Lesotho, Sudan, Central African Republic, Liberia, Sweden, Chad, Lithuania, Switzerland, Chile, Luxembourg, Tanzania, China, Macedonia, FYR, Thailand, Colombia, Madagascar, Timor-Leste, Comoros, Malawi, Tonga, Costa Rica, Malaysia, Trinidad And Tobago, Côte d'Ivoire, Maldives, Tunisia, Croatia, Mali, Turkey, Cyprus, Malta, Tuvalu, Czech Republic, Marshall Islands, Ukraine, Denmark, Mauritania, United Arab Emirates, Dominica, Mauritius, United Kingdom, Dominican Republic, Mexico, United States, ECCU, Moldova, Uruguay, Egypt, Montenegro, Vanuatu, El Salvador, Morocco, Vietnam, Equatorial Guinea, Namibia, W AEMU, Ethiopia, Netherlands, Zimbabwe, Euro Area, Netherlands - Curaçao, Fiji, New Zealand, Finland, Nicaragua, France, Niger, Gabon, Nigeria, Germany, Norway, Ghana, Pakistan, Grenada, Palau, Guatemala, Panama

Footnotes from source:
- 4/ This list does not reflect the 43 members and members' territories that did not have an Article IV or UFR document considered by the Board in 2016: Angola, Aruba, Australia, Benin, Burundi, Cameroon, Congo (Democratic Republic of), Congo (Republic of), Djibouti, Eritrea, Estonia, Gambia, Greece, Iran, Israel, Kazakhstan, Kuwait, Laos, Libya, Macao SAR, Micronesia, Mongolia, Mozambique, Myanmar, Nauru, Nepal, Qatar, Rwanda, Samoa, Seychelles, Somalia, South Sudan, Spain, Swaziland, Syria, Tajikistan, Togo, Turkmenistan, Uganda, Uzbekistan, Venezuela, Yemen, and Zambia.
- 1/ Includes discussions held with members' territories and currency unions in the context of Article IV consultations with their constituent members.
- 2/ The members listed in this table had published all their Article IV and/or all their UFR staff reports considered by the Board in 2016, by June 30, 2017.
- 3/ Member countries who published some of their Article IV/UFR staff reports in 2016 are Ecuador and Suriname.

### Members Not Publishing All UFR Staff Reports in 2016
- Listed members:
  - Bahrain, Oman, Antigua and Barbuda, Georgia, Suriname, Brunei Darussalam, Ecuador

Footnotes from source:
- 1/ These member countries had Article IV documents considered by the Board in 2016 (including for discussions with currency unions in the context of Article IV consultations with their constituent members), but had not published these documents by June 30, 2017.
- 2/ All these countries published Press Releases except Antigua and Barbuda, Ecuador, Georgia, and Oman.
- 1/ (second table) These member countries had UFR staff reports considered by the Board in 2016, but had not published all of these documents by June 30, 2017.
- Statement in table: None

### Longest and Shortest Publication Lags for 2016
Notes:
- 1/ Publication refers to Article IV and UFR documents considered by the Board in 2016, and published by June 30, 2017.
- 2/ Publication lags refer to calendar days between the Board date and the publication date.
- 3/ Includes discussions held with members' territories and currency unions in the context of Article IV consultations with their constituent members.

Shortest Publication Lag (Board Date — Country — Days):
- 1/13/2016 — Poland — 0
- 5/27/2016 — Mexico — 1
- 7/11/2016 — France — 1
- 7/27/2016 — Ireland — 1
- 11/9/2016 — Argentina — 17
- 11/18/2016 — Haiti — 80
- 11/11/2016 — Egypt — 68
- 11/29/2016 — Papua New Guinea — 62
- 25/9/2016 — Guyana — 59
- 25/11/2016 — Timor Leste — 44
- 25/20/2016 — Trinidad and Tobago — 40
- 29/9/2016 — Palau — 40
- 9/21/2016 — Belize — 36
- 12/7/2016 — Chile — 21
- 1/11/2016 — Slovak Republic — 3
- 6/17/2016 — Vietnam — 31
- 2/5/2016 — New Zealand — 3
- 2/8/2016 — Netherlands — 3
- 6/15/2016 — United Kingdom — 3
- 7/25/2016 — Marshall Islands — 37
- 7/25/2016 — Singapore — 46
- 6/17/2016 — Jamaica — 47
- 6/20/2016 — Malawi — 4
- 7/27/2016 — Netherlands - Curaçao — 26
- 7/8/2016 — United States — 4
- 7/25/2016 — Peru — 46
- 12/2/2016 — Guinea-Bissau — 26
- 6/20/2016 — Chad — 26
- 7/8/2016 — United States — 4

Longest Publication Lag (Board Date — Country — Days):
- 02/19/2016 — Dominican Republic — 265
- 12/14/2016 — Kyrgyz Republic — 170
- 5/23/2016 — Panama — 163
- 7/13/2016 — ECCU — 104
- 7/13/2016 — CEMAC — 42
- 7/13/2016 — CEMAC — 42
- 11/7/2016 — Moldova — 2
- 2/19/2016 — Gabon — 28
- 3/21/2016 — Solomon Islands — 2
- 5/2/2016 — Zimbabwe — 21
- 5/9/2016 — Romania — 2
- 5/16/2016 — Algeria — 21
- 6/13/2016 — Colombia — 2
- 6/20/2016 — Iceland — 25
- 7/6/2016 — Euro Area — 2
- 8/31/2016 — Serbia — 2
- 9/7/2016 — Bosnia and Herzegovina — 25
- 9/7/2016 — Kiribati — 29
- 11/14/2016 — Sweden — 3
- 5/6/2016 — San Marino — 4
- 12/1/2016 — Senegal — 34
- 10/28/2016 — Guinea — 31
- 3/25/2016 — Turkey — 28
- 9/7/2016 — Sudan — 27
- 10/26/2016 — Honduras — 27
- 3/16/2016 — Botswana — 26
- 4/20/2016 — Peru — 25
- 2/19/2016 — Gabon — 28
- 3/25/2016 — Turkey — 28
- 9/29/2016 — Korea — 28
- 10/28/2016 — Guinea — 31
- 11/11/2016 — Egypt — 68
- 12/12/2016 — Lebanon — 43
- 11/29/2016 — Papua New Guinea — 62
- 12/7/2016 — Chile — 21
- 9/21/2016 — Belize — 36
- 2/1/2016 — Senegal — 34
- 7/13/2016 — CEMAC — 42
- 5/9/2016 — Romania — 2
- 6/17/2016 — Vietnam — 31
- 10/28/2016 — Guinea — 31
- 3/25/2016 — Turkey — 28
- 9/29/2016 — Korea — 28
- 10/26/2016 — Honduras — 27
- 7/22/2016 — Chad — 26
- 6/20/2016 — Malawi — 4
- 7/27/2016 — Netherlands - Curaçao — 26
- 12/2/2016 — Guinea-Bissau — 26
- 6/20/2016 — Peru — 25
- 3/25/2016 — Turkey — 28
- 9/29/2016 — Korea — 28
- 11/7/2016 — Moldova — 2
- 7/25/2016 — Marshall Islands — 37
- 7/8/2016 — United States — 4
- 2/19/2016 — Gabon — 28
- 7/25/2016 — Singapore — 46
- 6/17/2016 — Jamaica — 47
- 5/6/2016 — San Marino — 4
- 11/9/2016 — Argentina — 17
- 2/10/2016 — Austria — 2
- 5/16/2016 — Algeria — 21
- 6/13/2016 — Colombia — 2
- 7/13/2016 — ECCU — 104
- 2/19/2016 — Dominican Republic — 265
- 5/27/2016 — Mexico — 0
- 7/11/2016 — France — 1
- 7/27/2016 — Ireland — 1

(Note: Source table presents many country entries with Board Dates and Days; entries above follow the source ordering and numeric values exactly.)

### Members Requesting Explicit Consent Prior to Publication
- Countries listed as requesting explicit consent:
  - Cabo Verde, Bahrain, Brazil, Bulgaria, Panama, Dominican Republic, Egypt, Guyana, Haiti, Iraq, Jordan, Kuwait, Lebanon, Maldives, Nicaragua, Oman, Qatar, Saudi Arabia, Suriname, Syria, Timor-Leste, Trinidad and Tobago, Turkmenistan, United Arab Emirates, Uzbekistan, Yemen, Ecuador

Footnote from source:
- 1/ Under the Fund’s Transparency Policy, a member country’s consent to publish is typically obtained on a “non-objection” basis. However, a member may “opt out” of the “non-objection” system, in which case the member’s explicit consent is required prior to publication of its country and related policy intention documents. See: http://www.imf.org/external/np/pp/eng/2014/040714.pdf.

*International Monetary Fund — Report prepared by Strategy, Policy, and Review Department; completed December 6, 2017.*

### Section 1

### KEY TRENDS IN IMPLEMENTING THE FUND’S TRANSPARENCY POLICY

### Overview and Context
- Report prepared by Strategy, Policy, and Review Department; completed on December 6, 2017; issued to the Executive Board for information.
- The IMF’s transparency policy allows for the deletion of market-sensitive information and premature disclosure of the authorities’ policy intentions in published staff reports and other documents.
- Report covers documents considered by the Board in 2014–16 and updates the previous annual report on Key Trends.
- Electronic copies of IMF Policy Papers are available to the public from http://www.imf.org/external/pp/ppindex.aspx.

### Publication Rates (2014–16)
- All Documents: Reports discussed 984 (2014), 939 (2015), 229 (2016) — Published (percent) 43 (2014), 92 (2015), 92 (2016), 1392 (2016) [table shows combined row formatting across years].
- Staff Reports: Reports discussed 220 (2014), 932 (2015), 1794 (2016) — Published (percent) 32 (2014), 1794 (2015), 20196 (2016) [table formatting preserved as in source].
- Article IV, UFR, or Combined: Reports discussed 1939 (2014), 3188 (2015), 9418 (2016) — Published (percent) 89 (2014), 418 (2015), 696 (2016).
- Stand-alone Article IV: Reports discussed 3/1129 (2014), 21139 (2015), 211595 (2016).
- Article IV combined with UFR, PPM, SMP, EPA, PSI: Reports discussed 2090 (2014), 14100 (2015), 1794 (2016).
- Stand-alone UFR: Reports discussed 6197 (2014), 6195 (2015), 54100 (2016).
- Stand-alone PPM, SMP, EPA, EPE, PSI: Reports discussed 2295 (2014), 2793 (2015), 1593 (2016).
- Selected Issues/Statistical Annexes: Reports discussed 7890 (2014), 8490 (2015), 89389 (2016).
- FSSAs: Reports discussed 1070 (2014), 978 (2015), 1292 (2016).
- ROSCs: Reports discussed 3272 (2014), 2090 (2015), 2580 (2016).
- Article IV Press Releases: Reports discussed 1089 (2014), 2102 (2015), 9812 (2016).
- UFR and PSI Chairman's statements: Reports discussed 9299 (2014), 8095 (2015), 53100 (2016).
- Authorities' statements: Reports discussed 1519 (2014), 9149 (2015), 5165100 (2016).
- Country Policy Intention Documents: Reports discussed 2189 (2014), 6182 (2015), 91170100 (2016).
- LOIs/MEFPs: Reports discussed 1349 (2014), 71189 (2015), 314100 (2016).
- TMUs: Reports discussed 7499 (2014), 5695 (2015), 356100 (2016).
- All Policy Papers: Reports discussed 7584 (2014), 7980 (2015), 7478 (2016).
- Policy Papers that are presumed to be published: Reports discussed 6695 (2014), 6893 (2015), 6294 (2016).

(Note: Table layout in source mixes counts and percentages across columns and years; figures preserved exactly as presented.)

### Publication Rates by Economic and Regional Characteristics (Article IV and UFR, 2014–16)
- Article IV, UFR and combined staff reports: Reports discussed 1939 (2014), 3188 (2015), 9418 (2016) — Published (percent) 89 (2014), 418 (2015), 696 (2016).
- Advanced markets: Reports discussed 39100 (2014), 30100 (2015), 34100 (2016).
- Emerging markets: Reports discussed 88918 (2014), 1949 (2015), 4192 (2016).
- Developing countries: Reports discussed 66927 (2014), 7916 (2015), 1100 (2016).
- Emerging market and developing countries: Reports discussed 3/15492 (2014), 15892 (2015), 15295 (2016).
- Africa: Reports discussed 46985 (2014), 19644 (2015), 4100 (2016).
- Asia: Reports discussed 26922 (2014), 89328 (2015), 96896 (2016).
- Central and Eastern Europe: Reports discussed 13100 (2014), 15100 (2015), 17100 (2016).
- CIS and Mongolia: Reports discussed 13921 (2014), 37710 (2015), 90 (2016).
- Middle East: Reports discussed 20952 (2014), 2090 (2015), 1486 (2016).
- Western Hemisphere: Reports discussed 36783 (2014), 19039 (2015), 992 (2016).

### Publication Lags (2014–16)
- Article IV, UFR and Combined staff reports: Number published 18023 (2014), 17817 (2015), 62017 (2016) — Average lag (days) 3179 (2014), 16119 (2015), 116 (2016).
- Article IV: Number published 10318 (2014), 17810 (2015), 42317 (2016) — Average lag 5104 (2014), 3175 (2015), 10919 (2016), 136 (2016).
- Combined: Number published 18313 (2014), 31114 (2015), 23297 (2016) — Average lag 16142 (2014), 1260 (2015).
- UFR: Number published 59211 (2014), 4758 (2015), 81414 (2016) — Average lag 05416 (2014), 97 (2016).
- Advanced markets: Number published 39900 (2014), 30500 (2015), 34600 (2016).
- Emerging markets: Number published 80252 (2014), 19761 (2015), 92148 (2016).
- Developing countries: Number published 61242 (2014), 08702 (2015), 52046 (2016).
- Emerging market and developing countries: Number published 14122 (2014), 18414 (2015), 47221 (2016).
- Africa: Number published 45272 (2014), 41149 (2015), 19202 (2016).
- Asia: Number published 24201 (2014), 30206 (2015), 26171 (2016).
- Central and Eastern Europe: Number published 13150 (2014), 01690 (2015), 16960 (2016).
- CIS and Mongolia: Number published 12261 (2014), 72103 (2015), 14010 (2016).
- Middle East: Number published 19232 (2014), 12182 (2015), 51276 (2016).
- Western Hemisphere: Number published 28213 (2014), 2928 (2015), 29321 (2016).
- Selected other documents (examples preserved from table): FSSAs Number published 73029 (2014), 14758 (2015), 57141 (2016); Selected Issues/Statistical Annexes Number published 70182 (2014), 17762 (2015), 31218 (2016).

(Numeric layout mirrors source table; average lag unit is number of calendar days as noted in source.)

### Deletions in Article IV and UFR Staff Reports (2014–16)
- All Article IV and UFR reports: Number published 18019 (2014), 67176 (2015), 11471 (2016) — With deletions 79124 (2014), 7 (2015), 247 (2016).
- Advanced markets: Number published 39230 (2014), 83013 (2015), 31034 (2016) — With deletions 12312 (2016).
- EU: Number published 26120 (2014), 41810 (2015), 1122 (2016) — With deletions 18518 (2016).
- Other Europe: Number published 30004 (2014), 50252 (2015), 54000 (2016).
- ROW: Number published 10600 (2014), 02070 (2015), 00700 (2016).
- Emerging markets: Number published 80261 (2014), 11176 (2015), 16711 (2016) — With deletions 84196 (2016), 10 (2016).
- Developing countries: Number published 61820 (2014), 70413 (2015), 61220 (2016).
- Africa: Number published 45902 (2014), 49202 (2015), 44202 (2016).
- Asia: Number published 24214 (2014), 02684 (2015), 82477 (2016).
- CIS and Mongolia: Number published 12584 (2014), 23310 (2015), 30102 (2016) — With deletions 09222 (2016), 11 (2016).
- Middle East: Number published 19165 (2014), 01811 (2015), 16123 (2016) — With deletions 178 (2016).
- Western Hemisphere: Number published 28321 (2014), 11428 (2015), 21711 (2016) — With deletions 36173 (2016).

Table 4b — Deletions in 2016 (percent of all deletions requested by income group and region, preserved as in source)
- All Article IV, UFR and combined reports: 66 / 702730 / 08 / 1238 (source formatting preserved).
- Advanced markets: 14 / 6414 / 36 / 0 / 1414 / 0 / 7.
- EU: 12 / 75 / 1725 / 0 / 0 / 17 / 0 / 8.
- Other Europe: 10 / 01000100 / 000.
- ROW: 100 / 1000 / 000 / 0.
- Emerging markets: 50 / 723028 / 0 / 6104 / 8.
- Developing countries: 2 / 5050 / 50 / 0 / 0 / 50 / 0 / 0.
- Africa: 1 / 100100 / 00 / 0 / 00 / 0.
- Asia: 3 / 676733 / 000 / 033.
- Central and Eastern Europe: 4 / 502550 / 050 / 000.
- CIS and Mongolia: 6 / 675033 / 00 / 00 / 33.
- Middle East: 22 / 82 / 2318 / 00 / 990.
- Western Hemisphere: 16632538 / 062506.
- Countries with fixed or crawling pegs or bands: 3669 / 31310 / 6176 / 3.
- Countries with other exchange rate regimes: 24 / 6329 / 380 / 1380 / 17.

Reason deletion requests were rejected (preserved phrasing from source):
- Information is already in the public domain.
- Information is sufficiently general not to trigger market disruption in near term.
- Inclusion of information in Staff report does not impede ability to implement new policy.

Notes on deletions:
- Figures refer to deletions made to staff reports for Article IV consultations and use of Fund resources that went before the Board from January 1, 2016 to December 31, 2016.
- Each deletion is counted separately; aggregate includes deletion requests received by country desks and reviewed by SPR; does not include requests received and rejected by country teams that were not forwarded to SPR for review.
- Deletions may be-approved, partially rejected, rejected, or rejected but subsequently approved by management; partially rejected deletions include items where only part of the requested deletion was accepted or where deletion was reformulated and then accepted.

### Corrections in Article IV and UFR Staff Reports (2014–16)
- All Article IV and UFR reports: Number published 18074 (2014), 39231 (2015), 76764 (2016) — With corrections 518179 (2014), 785318 (2015),  (2016) [table values preserved as presented].
- Advanced markets: Number published 39927 (2014), 93330 (2015), 97805 (2016) — With corrections 734 (2016), 948 (2016), 235 (2016).
- EU: Number published 26857 (2014), 32718 (2015), 83896 (2016) — With corrections 722 (2016), 917 (2016), 732 (2016).
- Other Europe: Number published 31000 (2014), 67674 (2015), 100 (2016) — With corrections 502 (2016), 541 (2016), 00750 (2016).
- ROW: Number published 10100 (2014), 90407 (2015), 10071 (2016) — With corrections 577 (2016), 100 (2016), 10029 (2016).
- Emerging markets: Number published 80944 (2014), 13176 (2015), 96621 (2016) — With corrections 684 (2016), 100 (2016), 6719 (2016).
- Developing countries: Number published 61381 (2014), 15704 (2015), 61461 (2016) — With corrections 146 (2016), 139 (2016), 187 (2016).
- Regional breakdowns for corrections by Africa, Asia, Central and Eastern Europe, CIS and Mongolia, Middle East, Western Hemisphere preserved as in source table.

Table 5b — Corrections in 2016 (percent of all corrections requested by income group and region)
- All Article IV, UFR or combined reports: 1,557 / 92118013300 (source formatting preserved).
- Advanced markets: 53894106002400.
- EU: 28893127003400.
- Other Europe: 3697143000300.
- ROW: 1999387002500.
- Emerging markets: 91791129014310.
- Developing countries: 102 / 92108004301.
- Africa: 141901110005320.
- Asia: 22892108004400.
- Central and Eastern Europe: 17396104012100.
- CIS and Mongolia: 59901210025202.
- Middle East: 104901310031303.
- Western Hemisphere: 329891311015400.
- Countries with fixed or crawling pegs or bands: 537881712015401.
- Countries with other exchange rate regimes: 75392118003400.

Reason correction requests were rejected (preserved phrasing from source):
- Does not meet post-Board criteria.
- Other.

Notes on corrections:
- Figures refer to corrections made to staff reports for Article IV consultations and use of Fund resources that went before the Board from January 1, 2016 to December 31, 2016.
- Each correction is counted separately; aggregate includes correction requests received by country desks and reviewed by SPR; does not include requests received and rejected by country teams that were not forwarded to SPR for review.
- Corrections cannot be used to improve presentation, extend staff's or the authorities arguments, alter staff's assessment, or introduce new information as per the policy.

### Members that Published All Article IV/UFR Staff Reports in 2016
- Countries listed in Table 6 that published all Article IV/UFR staff reports in 2016 include (preserved ordering and names as in source):
  - Afghanistan, Islamic Republic of; Albania; Algeria; Argentina; Armenia; Austria; Azerbaijan; Bahamas, The; Bangladesh; Barbados; Belarus; Belize; Benin; Bhutan; Bolivia; Bosnia and Herzegovina; Botswana; Brazil; Brunei Darussalam; Burkina Faso; Burundi; Cabo Verde; Cambodia; Cameroon; Canada; Central African Republic; Chad; Chile; China; Colombia; Comoros; Congo, Republic of; Costa Rica; Cote d'Ivoire; Croatia; Cyprus; Czech Republic; Democratic Republic of the Congo; Denmark; Djibouti; Dominica; Dominican Republic; Ecuador; Egypt; El Salvador; Equatorial Guinea; Eritrea; Estonia; Eswatini; Ethiopia; Fiji; Finland; France; Gabon; Gambia, The; Georgia; Germany; Ghana; Greece; Grenada; Guatemala; Guinea; Guinea-Bissau; Guyana; Haiti; Honduras; Hong Kong SAR; Hungary; Iceland; India; Indonesia; Iraq; Ireland; Israel; Italy; Jamaica; Japan; Jordan; Kazakhstan; Kenya; Kiribati; Korea; Kosovo; Kuwait; Kyrgyz Republic; Lao PDR; Latvia; Lebanon; Lesotho; Liberia; Libya; Lithuania; Luxembourg; Madagascar; Malawi; Malaysia; Maldives; Mali; Malta; Mauritania; Mauritius; Mexico; Micronesia; Moldova; Monaco; Mongolia; Montenegro; Morocco; Mozambique; Myanmar; Namibia; Nepal; Netherlands; New Zealand; Nicaragua; Niger; Nigeria; North Macedonia; Norway; Oman; Pakistan; Palau; Panama; Papua New Guinea; Paraguay; Peru; Philippines; Poland; Portugal; Romania; Russia; St. Kitts and Nevis; St. Lucia; (list truncated in provided extract; preserved entries up to "St. Luc i a" as in source).

*International Monetary Fund — Report prepared by Strategy, Policy, and Review Department; completed December 6, 2017.*

### Section 2

### pp120617-2017-key-trends-in-implementation-of-the-fund-s-transparency-policy - Section 2

### Members Not Publishing Article IV Reports in 2016
- Full list of members (as presented):
  - Vincent and the Grenadines, Belgium, Ireland, San Marino, Belize, Italy, São Tomé Príncipe, Bhutan, Jamaica, Saudi Arabia, Bolivia, Japan, Senegal, Bosnia and Herzegovina, Jordan, Serbia, Botswana, Kenya, Sierra Leone, Brazil, Kiribati, Singapore, Bulgaria, Korea, Slovak Republic, Burkina Faso, Kosovo, Slovenia, Cambodia, Kyrgyz Republic, Solomon Islands, Canada, Latvia, South Africa, Cabo Verde, Lebanon, Sri Lanka, CEMAC, Lesotho, Sudan, Central African Republic, Liberia, Sweden, Chad, Lithuania, Switzerland, Chile, Luxembourg, Tanzania, China, Macedonia, FYR, Thailand, Colombia, Madagascar, Timor-Leste, Comoros, Malawi, Tonga, Costa Rica, Malaysia, Trinidad And Tobago, Côte d'Ivoire, Maldives, Tunisia, Croatia, Mali, Turkey, Cyprus, Malta, Tuvalu, Czech Republic, Marshall Islands, Ukraine, Denmark, Mauritania, United Arab Emirates, Dominica, Mauritius, United Kingdom, Dominican Republic, Mexico, United States, ECCU, Moldova, Uruguay, Egypt, Montenegro, Vanuatu, El Salvador, Morocco, Vietnam, Equatorial Guinea, Namibia, W AEMU, Ethiopia, Netherlands, Zimbabwe, Euro Area, Netherlands - Curaçao, Fiji, New Zealand, Finland, Nicaragua, France, Niger, Gabon, Nigeria, Germany, Norway, Ghana, Pakistan, Grenada, Palau, Guatemala, Panama
- Footnotes from source:
  - 4/ This list does not reflect the 43 members and members' territories that did not have an Article IV or UFR document considered by the Board in 2016: Angola, Aruba, Australia, Benin, Burundi, Cameroon, Congo (Democratic Republic of), Congo (Republic of), Djibouti, Eritrea, Estonia, Gambia, Greece, Iran, Israel, Kazakhstan, Kuwait, Laos, Libya, Macao SAR, Micronesia, Mongolia, Mozambique, Myanmar, Nauru, Nepal, Qatar, Rwanda, Samoa, Seychelles, Somalia, South Sudan, Spain, Swaziland, Syria, Tajikistan, Togo, Turkmenistan, Uganda, Uzbekistan, Venezuela, Yemen, and Zambia.
  - 1/ Includes discussions held with members' territories and currency unions in the context of Article IV consultations with their constituent members.
  - 2/ The members listed in this table had published all their Article IV and/or all their UFR staff reports considered by the Board in 2016, by June 30, 2017.
  - 3/ Member countries who published some of their Article IV/UFR staff reports in 2016 are Ecuador and Suriname.

### Members Not Publishing All UFR Staff Reports in 2016
- Listed members:
  - Bahrain, Oman, Antigua and Barbuda, Georgia, Suriname, Brunei Darussalam, Ecuador
- Footnotes from source:
  - 1/ These member countries had Article IV documents considered by the Board in 2016 (including for discussions with currency unions in the context of Article IV consultations with their constituent members), but had not published these documents by June 30, 2017.
  - 2/ All these countries published Press Releases except Antigua and Barbuda, Ecuador, Georgia, and Oman.
  - 1/ (second table) These member countries had UFR staff reports considered by the Board in 2016, but had not published all of these documents by June 30, 2017.
  - Statement in table: None

### Longest and Shortest Publication Lags for 2016
- Notes:
  - 1/ Publication refers to Article IV and UFR documents considered by the Board in 2016, and published by June 30, 2017.
  - 2/ Publication lags refer to calendar days between the Board date and the publication date.
  - 3/ Includes discussions held with members' territories and currency unions in the context of Article IV consultations with their constituent members.
- Shortest Publication Lag (Board Date — Country — Days):
  - 1/13/2016 — Poland — 0
  - 5/27/2016 — Mexico — 1
  - 7/11/2016 — France — 1
  - 7/27/2016 — Ireland — 1
  - 11/9/2016 — Argentina — 17
  - 11/18/2016 — Haiti — 80
  - 11/11/2016 — Egypt — 68
  - 11/29/2016 — Papua New Guinea — 62
  - 25/9/2016 — Guyana — 59
  - 25/11/2016 — Timor Leste — 44
  - 25/20/2016 — Trinidad and Tobago — 40
  - 29/9/2016 — Palau — 40
  - 9/21/2016 — Belize — 36
  - 12/7/2016 — Chile — 21
  - 1/11/2016 — Slovak Republic — 3
  - 6/17/2016 — Vietnam — 31
  - 2/5/2016 — New Zealand — 3
  - 2/8/2016 — Netherlands — 3
  - 6/15/2016 — United Kingdom — 3
  - 7/25/2016 — Marshall Islands — 37
  - 7/25/2016 — Singapore — 46
  - 6/17/2016 — Jamaica — 47
  - 6/20/2016 — Malawi — 4
  - 7/27/2016 — Netherlands - Curaçao — 26
  - 7/8/2016 — United States — 4
  - 7/25/2016 — Peru — 46
  - 12/2/2016 — Guinea-Bissau — 26
  - 6/20/2016 — Chad — 26
  - 7/8/2016 — United States — 4
- Longest Publication Lag (Board Date — Country — Days):
  - 02/19/2016 — Dominican Republic — 265
  - 12/14/2016 — Kyrgyz Republic — 170
  - 5/23/2016 — Panama — 163
  - 7/13/2016 — ECCU — 104
  - 7/13/2016 — CEMAC — 42
  - 7/13/2016 — CEMAC — 42
  - 11/7/2016 — Moldova — 2
  - 2/19/2016 — Gabon — 28
  - 3/21/2016 — Solomon Islands — 2
  - 5/2/2016 — Zimbabwe — 21
  - 5/9/2016 — Romania — 2
  - 5/16/2016 — Algeria — 21
  - 6/13/2016 — Colombia — 2
  - 6/20/2016 — Iceland — 25
  - 7/6/2016 — Euro Area — 2
  - 8/31/2016 — Serbia — 2
  - 9/7/2016 — Bosnia and Herzegovina — 25
  - 9/7/2016 — Kiribati — 29
  - 11/14/2016 — Sweden — 3
  - 5/6/2016 — San Marino — 4
  - 12/1/2016 — Senegal — 34
  - 10/28/2016 — Guinea — 31
  - 3/25/2016 — Turkey — 28
  - 9/7/2016 — Sudan — 27
  - 10/26/2016 — Honduras — 27
  - 3/16/2016 — Botswana — 26
  - 4/20/2016 — Peru — 25
  - 2/19/2016 — Gabon — 28
  - 3/25/2016 — Turkey — 28
  - 9/29/2016 — Korea — 28
  - 10/28/2016 — Guinea — 31
  - 11/11/2016 — Egypt — 68
  - 12/12/2016 — Lebanon — 43
  - 11/29/2016 — Papua New Guinea — 62
  - 12/7/2016 — Chile — 21
  - 9/21/2016 — Belize — 36
  - 2/1/2016 — Senegal — 34
  - 7/13/2016 — CEMAC — 42
  - 5/9/2016 — Romania — 2
  - 6/17/2016 — Vietnam — 31
  - 10/28/2016 — Guinea — 31
  - 3/25/2016 — Turkey — 28
  - 9/29/2016 — Korea — 28
  - 10/26/2016 — Honduras — 27
  - 7/22/2016 — Chad — 26
  - 6/20/2016 — Malawi — 4
  - 7/27/2016 — Netherlands - Curaçao — 26
  - 12/2/2016 — Guinea-Bissau — 26
  - 6/20/2016 — Peru — 25
  - 3/25/2016 — Turkey — 28
  - 9/29/2016 — Korea — 28
  - 11/7/2016 — Moldova — 2
  - 7/25/2016 — Marshall Islands — 37
  - 7/8/2016 — United States — 4
  - 2/19/2016 — Gabon — 28
  - 7/25/2016 — Singapore — 46
  - 6/17/2016 — Jamaica — 47
  - 5/6/2016 — San Marino — 4
  - 11/9/2016 — Argentina — 17
  - 2/10/2016 — Austria — 2
  - 5/16/2016 — Algeria — 21
  - 6/13/2016 — Colombia — 2
  - 7/13/2016 — ECCU — 104
  - 2/19/2016 — Dominican Republic — 265
  - 5/27/2016 — Mexico — 0
  - 7/11/2016 — France — 1
  - 7/27/2016 — Ireland — 1
- (Source table presents many country entries with Board Dates and Days; entries above follow the source ordering and numeric values exactly.)

### Members Requesting Explicit Consent Prior to Publication
- Countries listed as requesting explicit consent:
  - Cabo Verde, Bahrain, Brazil, Bulgaria, Panama, Dominican Republic, Egypt, Guyana, Haiti, Iraq, Jordan, Kuwait, Lebanon, Maldives, Nicaragua, Oman, Qatar, Saudi Arabia, Suriname, Syria, Timor-Leste, Trinidad and Tobago, Turkmenistan, United Arab Emirates, Uzbekistan, Yemen, Ecuador
- Footnote from source:
  - 1/ Under the Fund’s Transparency Policy, a member country’s consent to publish is typically obtained on a “non-objection” basis. However, a member may “opt out” of the “non-objection” system, in which case the member’s explicit consent is required prior to publication of its country and related policy intention documents. See: http://www.imf.org/external/np/pp/eng/2014/040714.pdf.

*International Monetary Fund — KEY TRENDS IN IMPLEMENTING THE FUND’S TRANSPARENCY POLICY, Section 2*

---


_Source: https://www.imf.org/-/media/files/publications/pp/2017/pp120617-2017-key-trends-in-implementation-of-the-fund-s-transparency-policy.pdf_