## KEY TRENDS IN IMPLEMENTATION OF THE FUND’S TRANSPARENCY POLICY

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### Publication scope and definition
- "Publication refers to documents considered by the Board during the calendar year, and published within six months of the end of the calendar year; e.g. the publication rate for 2012 refers to documents discussed by the Board in 2012 and published by June 30, 2013."  

### Publication coverage and member-level outcomes
- Members that had published all their Article IV and/or UFR staff reports considered by the Board in 2012 (published by June 30, 2013) are listed in Table 6 (selected examples include: Afghanistan, Albania, Algeria, Angola, Armenia, Australia, Austria, Azerbaijan, Bangladesh, Belarus, Belgium, Benin, Bolivia, Bosnia and Herzegovina, Botswana, Brazil, Bulgaria, Burkina Faso, Burundi, Cambodia, Cameroon, Chad, Chile, China, Colombia, Comoros, Congo, Cote d'Ivoire, Croatia, Czech Republic, Djibouti, Dominica, Ethiopia, Fiji, Finland, France, Georgia, Germany, Ghana, Greece, Guatemala, Guinea, Haiti, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Japan, Jordan, Kazakhstan, Kenya, Kingdom of Lesotho, Kingdom of Swaziland, Kosovo, Kuwait, Kyrgyz Republic, Lao People's Democratic Republic, Lebanon, Liberia, Libya, Luxembourg, Malawi, Malaysia, Malta, Mauritania, Mauritius, Mexico, Moldova, Mongolia, Montenegro, Morocco, Myanmar, Namibia, Nepal, New Zealand, Nicaragua, Niger, Nigeria, Norway, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Philippines, Poland, Portugal, Qatar, Romania, Russia, Rwanda, Samoa, San Marino, Saudi Arabia, Senegal, Seychelles, Sierra Leone, Singapore, Slovak Republic, Slovenia, Solomon Islands, South Africa, Spain, Sri Lanka, St. Kitts and Nevis, Sudan, Suriname, Sweden, Switzerland, Tajikistan, Thailand, The Gambia, Timor-Leste, Togo, Tonga, Trinidad and Tobago, Tunisia, Turkey, Tuvalu, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Vietnam, Zambia, Zimbabwe).  
- Footnote: "This list does not reflect the 44 members that did not have an Article IV or UFR document considered by the Board in 2012: Argentina, Bahamas, Barbados, Belize, Bhutan, Canada, Cape Verde, Costa Rica, Côte D'Ivoire, Cyprus, Denmark, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Gabon, Guinea-Bissau, Honduras, Hong Kong SAR, Iran, Iraq, Kiribati, Latvia, Libya, Lithuania, Madagascar, Maldives, Mali, Marshall Islands, Micronesia, Mozambique, Netherlands, Peru, Saint Lucia, Saint Vincent and the Grenadines, Serbia, Syria, Tanzania, Togo, Turkmenistan, Uganda, Vanuatu and Venezuela."

### Non-publishing members (2012 Board meetings; documents not published by June 30, 2013)
- Members with Article IV documents considered by the Board in 2012 but not published by June 30, 2013: Grenada, Guyana, Jamaica, Kingdom of Bahrain, Oman, Uzbekistan, Brunei.  
  - Footnote: "For the Board meetings in 2012, all these countries published PINs."
- Members with UFR staff reports considered by the Board in 2012 but not all published by June 30, 2013: Antigua and Barbuda, Yemen.  
  - Footnote: "For the Board meetings in 2012, all these countries published Press Releases."

### Publication lags — definition and examples
- Definition: "Publication lags refer to calendar days between the Board date and the publication date."
- Shortest publication lag (examples from Table 8):
  - France — 15 days (Board date 12/20/2012).  
  - (Other short-lag examples listed in Table 8 include countries with lags such as 21, 31, 35, 36, 37, 41, 43, 45, 46, 48, 50, 53, 52, 63, 64, 65, 70, 73, 75, 78, 82, 83, 98, 107, 113, 139, 142, 146, 151, 152, 153; see Table 8 for the full mapping of Board dates, countries, and days.)
- Longest publication lag (examples from Table 8):
  - Djibouti — 302 days (Board date 5/23/2012).  
  - Comoros — 238 days.  
  - Central African Republic — 196 days.  
  - Congo, Democratic Republic of — 191 days.  
  - (Additional long-lag entries in Table 8 include lags of 169, 153, 152, 151, 151, 146, 142, 139, 113, 107, 98, 83, 82, 78, 75, 73, 70, 65, 64, 63, 60, 59, 53, 52.)

### Deletions and corrections in Article IV and UFR staff reports
- Deletions:
  - Table 4 reports counts and percentages for reports with deletions, deletions on exchange rate issues, and deletions on financial sector issues across 2010–2012 and across country groups (Advanced markets, Emerging markets, Developing countries, regional groupings).  
  - Note: "Because a single report can have deletions falling into multiple categories, e.g., exchange rate, financial sector and/or other areas, there is no fixed relationship between the second column and the third and fourth column under each year."
- Corrections:
  - Table 5 reports counts and percentages for reports with corrections, corrections for Evident Ambiguity, and corrections for Mischaracterization across 2010–2012 and country groups.  
  - Note: "Because a single report can have corrections falling into multiple categories, e.g., exchange rate, financial sector and/or other areas, there is no fixed relationship between the second column and the third and fourth column under each year."

### Thematic breakdowns by country group
- Tables include breakdowns by World Economic Outlook definitions for:
  - Advanced markets, Emerging markets, Developing countries, Emerging market and developing countries combined, and regional groupings: Africa, Asia, Central and Eastern Europe, CIS and Mongolia, Middle East, Western Hemisphere.
- Publication rates, publication lags, deletions, and corrections are presented by these groups across 2010, 2011, and 2012 in the respective tables (Tables 1–5).

*Prepared by the Strategy, Policy, and Review Department; approved by Siddarth Tiwari (October 3, 2013).*

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