## LIST OF IMF MEMBER COUNTRIES WITH DELAYS IN COMPLETION OF ARTICLE IV CONSULTATIONS OR MANDATORY FINANCIAL STABILITY ASSESSMENTS OVER 18 MONTHS

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**Canonical URL:** [LIST OF IMF MEMBER COUNTRIES WITH DELAYS IN COMPLETION OF ARTICLE IV CONSULTATIONS OR MANDATORY FINANCIAL STABILITY ASSESSMENTS OVER 18 MONTHS](https://www.imf.org/-/media/files/publications/pp/2018/pp062818-list-of-imf-members-with-delayed-article-ivs.pdf)

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### Summary findings
- As of June 15, 2018, the Fund publishes a list of members whose Article IV consultations have been delayed by more than 18 months since the expected deadline for conclusion.
- As of June 15, 2018, no IMF member has its mandatory financial stability assessment delayed by more than 18 months.
- The delay is counted as the time elapsed from the stipulated date for the consultation plus any applicable grace period.
- The latest version of this list, as shown in Appendix I, will be published on the Fund’s external website on or after June 27, 2018.

### Taxonomy of reasons for delays (as defined by Fund staff)
- Program-related issues: Delayed (i) in order to combine the consultation with a request for use of Fund resources (UFR), Policy Support Instrument (PSI), Policy Coordination Instrument (PCI), or program review; or (ii) due to ongoing discussions on UFR or PSI, or continued work on program review.
- Further discussions: Delayed due to further discussions with the authorities on economic developments and policies.
- Political/security situation: Delayed due to the unsettled political and/or security situation.
- Government change: Delayed due to forthcoming or recent elections, change of government, or changes within government.
- Staffing constraints.
- Authorities’ request: Delayed at the request of the authorities due to, for example, their inability to host the mission as a result of their work schedule.
- No agreement on mission dates/modalities: There was no agreement on the modalities for the mission/the authorities have not communicated dates for the Article IV consultation mission.
- Miscellaneous: Includes reasons not accommodated above.

### Appendix I — Members with delays over 18 months (as of June 15, 2018)
- Venezuela
  - Completion Date of Last Consultation: 9/13/2004
  - Stipulated Date for Completion of Next Consultation: 9/13/2005
  - Main Reason for Delay: No agreement on mission dates/modalities
  - Delay in Completion of Consultation (in months): 151
- Eritrea
  - Completion Date of Last Consultation: 12/7/2009
  - Stipulated Date for Completion of Next Consultation: 12/7/2010
  - Main Reason for Delay: No agreement on mission dates/modalities
  - Delay in Completion of Consultation (in months): 88
- Syrian Arab Republic
  - Completion Date of Last Consultation: 2/26/2010
  - Stipulated Date for Completion of Next Consultation: 2/26/2011
  - Main Reason for Delay: Political/security situation
  - Delay in Completion of Consultation (in months): 84
- Libya
  - Completion Date of Last Consultation: 5/17/2013
  - Stipulated Date for Completion of Next Consultation: 5/17/2014
  - Main Reason for Delay: Political/security situation
  - Delay in Completion of Consultation (in months): 45
- Yemen
  - Completion Date of Last Consultation: 9/2/2014
  - Stipulated Date for Completion of Next Consultation: 9/2/2015
  - Main Reason for Delay: Political/security situation
  - Delay in Completion of Consultation (in months): 31
- Burundi
  - Completion Date of Last Consultation: 8/25/2014
  - Stipulated Date for Completion of Next Consultation: 1/15/2016
  - Main Reason for Delay: No agreement on mission dates/modalities
  - Delay in Completion of Consultation (in months): 30
- Haiti
  - Completion Date of Last Consultation: 5/18/2015
  - Stipulated Date for Completion of Next Consultation: 5/18/2016
  - Main Reason for Delay: Program-related issues
  - Delay in Completion of Consultation (in months): 21
  - Note: Staff conducted discussions for the 2018 Article IV consultation with Haiti during June 4-15, 2018, and the consultation is expected to be completed by the Board in the coming weeks.
- Congo, Republic of
  - Completion Date of Last Consultation: 7/17/2015
  - Stipulated Date for Completion of Next Consultation: 7/17/2016
  - Main Reason for Delay: Program-related issues
  - Delay in Completion of Consultation (in months): 19
- Democratic Republic of the Congo
  - Completion Date of Last Consultation: 9/2/2015
  - Stipulated Date for Completion of Next Consultation: 9/2/2016
  - Main Reason for Delay: Authorities' request
  - Delay in Completion of Consultation (in months): 19

### Measurement and classification notes
- The status and classification of countries are as of June 15, 2018.
- Stipulated dates exclude a three-month grace period, where applicable, for member countries without a Fund arrangement, PCI, or PSI.
- The delay measures the lag between the stipulated date of completion of the next Article IV consultation plus the three-month grace period, where applicable.
- Reasons for delay are grouped for monitoring purposes; a delay may have more than one reason.

*Source: IMF staff.*

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_Source: https://www.imf.org/-/media/files/publications/pp/2018/pp062818-list-of-imf-members-with-delayed-article-ivs.pdf_