## LIST OF IMF MEMBER COUNTRIES WITH DELAYS IN COMPLETION OF ARTICLE IV CONSULTATIONS OR MANDATORY FINANCIAL STABILITY ASSESSMENTS OVER 18 MONTHS ## Source details **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/2024/english/ppea2024034.pdf) ## Other formats - [Markdown version](/-/media/files/publications/pp/2024/english/ppea2024034.pdf.md) - [Structured JSON version](/-/media/files/publications/pp/2024/english/ppea2024034.pdf.json) --- ### Summary - The Report prepared by IMF staff and completed on July 22, 2024, lists IMF members whose Article IV consultations have been delayed by more than 18 months as of June 15, 2024. - Relative to the list published in December 2023, there has been three additions (Togo, Sudan, and Suriname) and one deletion (Burkina Faso). - As of June 15, 2024, 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 expected date for the completion of the next consultation. - The latest version of this list, as shown in Appendix I, will be published on the Fund’s external website on or after July 24, 2024. ### Appendix I — IMF Member Countries with Delays in Completion of Article IV Consultations over 18 Months - Note: The status and classification of countries are as of June 15, 2024. The expected date for the next AIV consultation dates account for the extension of consultation cycle due to the COVID-19 pandemic—including Eritrea, Haiti, Myanmar, Togo, Chad, Sudan, and Suriname—and where applicable a 3-month grace period for member countries on a 12-month consultation cycle. Reasons for delay are explained in the Note below. The delay measures the lag from the expected date of completion of the next Article IV consultation. For Venezuela, Syrian Arab Republic, Republic of Yemen, Islamic Republic of Iran, and Republic of Belarus the calculation of delays includes the 12-month freeze due to the COVID-19 pandemic, applicable to members with existing delays in the consultations. - IMF dealings with Venezuela remain paused as there continues to be a lack of clarity that the international community, as represented by a majority of the total voting power of the IMF membership, recognizes or deals in their own bilateral relations with any regime as the government of Venezuela. - Authorities expressed interest in the resumption of AIV consultations, with discussions delayed due to the presidential elections. - The IMF staff held the 2021 Article IV discussions with the authorities in December 2021, but the staff report was not issued to the Board as war-related developments rendered the economic analysis obsolete. Considerations are ongoing. - Revisions to delay periods for Republic of Yemen and Chad have no further implications for the member country. - The 2023 Article IV consultation with Burkina Faso was concluded on June 14, 2024. - Venezuela (5/) - Completion Date of Last Consultation: 9/13/2004 - Expected Date for Completion of Next Consultation (2/): 12/13/2005 - Main Reason for Delay (3/): Political/security situation - Delay in Completion of Consultation (in months) (4/): 210 - Syrian Arab Rep. - Completion Date of Last Consultation: 2/26/2010 - Expected Date for Completion of Next Consultation (2/): 5/26/2011 - Main Reason for Delay (3/): Political/security situation - Delay in Completion of Consultation (in months) (4/): 144 - Republic of Yemen (8/) - Completion Date of Last Consultation: 9/2/2014 - Expected Date for Completion of Next Consultation (2/): 9/2/2016 - Main Reason for Delay (3/): Political/security situation - Delay in Completion of Consultation (in months) (4/): 81 - Islamic Republic of Iran (6/) - Completion Date of Last Consultation: 3/22/2018 - Expected Date for Completion of Next Consultation (2/): 6/22/2019 - Main Reason for Delay (3/): Miscellaneous - Delay in Completion of Consultation (in months) (4/): 47 - Republic of Belarus (7/) - Completion Date of Last Consultation: 1/16/2019 - Expected Date for Completion of Next Consultation (2/): 4/16/2020 - Main Reason for Delay (3/): No agreement on mission - Delay in Completion of Consultation (in months) (4/): 37 - The State of Eritrea - Completion Date of Last Consultation: 7/22/2019 - Expected Date for Completion of Next Consultation (2/): 10/22/2021 - Main Reason for Delay (3/): Miscellaneous - Delay in Completion of Consultation (in months) (4/): 31 - Haiti - Completion Date of Last Consultation: 1/24/2020 - Expected Date for Completion of Next Consultation (2/): 4/24/2022 - Main Reason for Delay (3/): Political/security situation - Delay in Completion of Consultation (in months) (4/): 25 - Russian Federation - Completion Date of Last Consultation: 2/3/2021 - Expected Date for Completion of Next Consultation (2/): 5/3/2022 - Main Reason for Delay (3/): Miscellaneous - Delay in Completion of Consultation (in months) (4/): 25 - Tunisia - Completion Date of Last Consultation: 2/17/2021 - Expected Date for Completion of Next Consultation (2/): 5/17/2022 - Main Reason for Delay (3/): Authorities’ request - Delay in Completion of Consultation (in months) (4/): 24 - Myanmar - Completion Date of Last Consultation: 2/28/2020 - Expected Date for Completion of Next Consultation (2/): 5/28/2022 - Main Reason for Delay (3/): Political/security situation - Delay in Completion of Consultation (in months) (4/): 24 - Togo - Completion Date of Last Consultation: 6/26/2019 - Expected Date for Completion of Next Consultation (2/): 6/26/2022 - Main Reason for Delay (3/): Program-related issues - Delay in Completion of Consultation (in months) (4/): 23 - Chad (8/) - Completion Date of Last Consultation: 7/3/2019 - Expected Date for Completion of Next Consultation (2/): 7/3/2022 - Main Reason for Delay (3/): Program-related issues - Delay in Completion of Consultation (in months) (4/): 23 - Sudan - Completion Date of Last Consultation: 2/21/2020 - Expected Date for Completion of Next Consultation (2/): 9/30/2022 - Main Reason for Delay (3/): Political/security situation - Delay in Completion of Consultation (in months) (4/): 20 - Suriname - Completion Date of Last Consultation: 12/11/2019 - Expected Date for Completion of Next Consultation (2/): 12/11/2022 - Main Reason for Delay (3/): Program-related issues - Delay in Completion of Consultation (in months) (4/): 18 ### Note: Taxonomy of the Reasons for Delays of Article IV Consultations - 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, PSI, or PCI, 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. *Prepared by Strategy, Policy, and Review Department in consultation with the Communications, Legal, Secretary’s, Monetary and Capital Markets, and Area Departments. Approved By Daria Zakharova. Report completed July 22, 2024. Source: IMF staff.* --- _Source: https://www.imf.org/-/media/files/publications/pp/2024/english/ppea2024034.pdf_