## 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/2025/english/ppea2025003.pdf) ## Other formats - [Markdown version](/-/media/files/publications/pp/2025/english/ppea2025003.pdf.md) - [Structured JSON version](/-/media/files/publications/pp/2025/english/ppea2025003.pdf.json) --- ### Overview - Report prepared by Strategy, Policy, and Review Department in consultation with the Communications, Legal, Secretary’s, Monetary and Capital Markets, and Area Departments. - The staff report was completed on March 3, 2025 and issued to the Executive Board for information. - In accordance with Executive Board Decision No. 15106-(12/21), the Fund will publish on its external website a list of member countries whose Article IV consultations or mandatory financial stability assessments have been delayed by more than 18 months, as of December 31, 2024. - The latest version of this list, as shown in Appendix I, will be published on the Fund’s external website on or after March 10, 2025. - As of December 31, 2024, no IMF member has its mandatory financial stability assessment delayed by more than 18 months. ### Changes since July 2024 - Four additions to the list: Egypt, Afghanistan, Ethiopia, Malawi. - Four deletions from the list: Chad, Haiti, Suriname, Togo. - Note: The 2024 Article IV consultations with Chad, Haiti, Suriname, and Togo were concluded. ### IMF Member Countries with Delays in Completion of Article IV Consultations over 18 Months (as of December 31, 2024) - Venezuela - Completion Date of Last Consultation: 9/13/2004 - Expected Date for Completion of Next Consultation: 12/13/2005 - Main Reason for Delay: Political/security situation - Delay in Completion of Consultation (in months): 217 - Syria - Completion Date of Last Consultation: 2/26/2010 - Expected Date for Completion of Next Consultation: 5/26/2011 - Main Reason for Delay: Political/security situation - Delay in Completion of Consultation (in months): 151 - Yemen - Completion Date of Last Consultation: 9/2/2014 - Expected Date for Completion of Next Consultation: 9/2/2016 - Main Reason for Delay: Political/security situation - Delay in Completion of Consultation (in months): 88 - Iran - Completion Date of Last Consultation: 3/22/2018 - Expected Date for Completion of Next Consultation: 6/22/2019 - Main Reason for Delay: Authorities' request - Delay in Completion of Consultation (in months): 54 - Belarus - Completion Date of Last Consultation: 1/16/2019 - Expected Date for Completion of Next Consultation: 4/16/2020 - Main Reason for Delay: Miscellaneous - Delay in Completion of Consultation (in months): 45 - Eritrea - Completion Date of Last Consultation: 7/22/2019 - Expected Date for Completion of Next Consultation: 10/22/2021 - Main Reason for Delay: Miscellaneous - Delay in Completion of Consultation (in months): 38 - Russia - Completion Date of Last Consultation: 2/3/2021 - Expected Date for Completion of Next Consultation: 5/3/2022 - Main Reason for Delay: Miscellaneous - Delay in Completion of Consultation (in months): 32 - Tunisia - Completion Date of Last Consultation: 2/17/2021 - Expected Date for Completion of Next Consultation: 5/17/2022 - Main Reason for Delay: Authorities' request - Delay in Completion of Consultation (in months): 32 - Myanmar - Completion Date of Last Consultation: 2/28/2020 - Expected Date for Completion of Next Consultation: 5/28/2022 - Main Reason for Delay: Political/security situation - Delay in Completion of Consultation (in months): 31 - Sudan - Completion Date of Last Consultation: 2/21/2020 - Expected Date for Completion of Next Consultation: 9/30/2022 - Main Reason for Delay: Political/security situation - Delay in Completion of Consultation (in months): 27 - Ethiopia - Completion Date of Last Consultation: 12/20/2019 - Expected Date for Completion of Next Consultation: 12/20/2022 - Main Reason for Delay: Program-related issues - Delay in Completion of Consultation (in months): 24 - Afghanistan - Completion Date of Last Consultation: 12/19/2019 - Expected Date for Completion of Next Consultation: 12/19/2022 - Main Reason for Delay: Political/security situation - Delay in Completion of Consultation (in months): 24 - Malawi - Completion Date of Last Consultation: 12/13/2021 - Expected Date for Completion of Next Consultation: 3/13/2023 - Main Reason for Delay: Program-related issues - Delay in Completion of Consultation (in months): 22 - Egypt - Completion Date of Last Consultation: 6/23/2021 - Expected Date for Completion of Next Consultation: 6/23/2023 - Main Reason for Delay: Program-related issues - Delay in Completion of Consultation (in months): 18 - Note: The Article IV discussions with Egypt was completed on January 10, 2025, alongside the 4th review of EFF program, and a Board meeting is envisaged to take place in 2025Q1. - Additional notes on special cases: - For Venezuela, Syria, Yemen, Iran, and 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. - The expected date for the next Article IV consultation dates account for the extension of consultation cycle due to the COVID-19 pandemic—including Eritrea, Myanmar, Sudan, Ethiopia and Afghanistan—and where applicable a 3-month grace period for member countries on a 12-month consultation cycle. - IMF dealings with Afghanistan, Myanmar, and Venezuela remain paused as these countries do not have any government recognized by the international community. - 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. ### Taxonomy of 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; completed March 3, 2025.* --- _Source: https://www.imf.org/-/media/files/publications/pp/2025/english/ppea2025003.pdf_