Policy Papers: The Central Bank Transparency Code
Policy Papers, July 30, 2020
Source details
- Canonical URL
- Policy Papers: The Central Bank Transparency Code
Other formats
Bibliographic details
- Published: July 30, 2020
- Series: Policy Papers
- DOI: https://doi.org/10.5089/9781513551814.007
Overview
- Reports to the Executive Board on its decision of April 29, 2019, to prepare an IMF Central Bank Transparency Code (CBT).
- The CBT is linked to the 2017 Review of the Standards and Codes Initiative (RSCI) and aims to revise and update the 1999 Monetary and Financial Policies Transparency Code (MFPT).
- Date on page: July 30, 2020.
Executive Board directives and objectives
- Directors asked that the CBT should:
- remove the overlap on financial policies covered by other international standards;
- expand the transparency standards to a broader set of activities undertaken by many central banks since the 2008 financial crisis;
- reorient the transparency standards to facilitate risk-based assessments to support policy effectiveness and address macroeconomic risks.
Key thematic coverage
- Banking
- Central bank transparency
- Foreign exchange
- International reserves
- Legal support in revenue administration
Keywords and institutional context
- Keywords listed: CBT, CBT principle, central bank, IMF surveillance, monetary policy, PP
- The CBT is presented as part of IMF policy work to update transparency guidance reflecting post-2008 central bank activities and to align with the 2017 RSCI review.
International Monetary Fund. The Central Bank Transparency Code. July 30, 2020.
Content in this bundle
- Policy Paper