2024 Review Of The Fund's Transparency Policy And Open Archives Policy—Background Paper 1 On Key Trends

Policy Papers, November 25, 2024

Source details

Canonical URL: 2024 Review Of The Fund's Transparency Policy And Open Archives Policy—Background Paper 1 On Key Trends

On November 15, 2024, the IMF’s Executive Board concluded the Review of the IMF’s Transparency Policy and Open Archives Policy and approved a number of reforms.
The Transparency Policy and the Open Archives Policy form the core elements of the IMF’s transparency framework.
The Fund has come a long way since the inception of these policies in the early nineties: most Board documents are now published, published more quickly, and under more consistent and evenhanded application of modification rules; the information available in the Fund’s archives has increased and is more easily accessible to the public.
The policies were last reviewed in 2013; since then the operating landscape has evolved with a more interconnected and shock-prone world, accelerating the pace of policymaking and raising stakeholder expectations on availability and timeliness of the Fund’s analysis and policy advice.

Publication practices:
- Most Board documents are now published and published more quickly.
- Modification rules are applied more consistently and evenhandedly.
Archives and accessibility:
- The information available in the Fund’s archives has increased and is more easily accessible to the public.
Evolving expectations:
- Policymakers need to make decisions faster; stakeholder expectations on the availability and timeliness of IMF analysis and policy advice have grown.
Evidence base for the review:
- The review was supported by data analysis as well as surveys and consultations with key stakeholders, including Executive Directors, country authorities, IMF missions chiefs, and civil society organizations.
- The detailed inputs are provided in the three background papers accompanying this 2024 review.

The 2024 Review focuses on targeted reforms to:
- (i) support faster publication of board documents and communications of Board’s decisions;
- (ii) strengthen the rules and processes to modify Board documents prior to publication; and
- (iii) allow faster release of some documents in the Fund’s archives accessible to the public.
The reforms further clarify:
- the scope and objectives of these policies,
- their implementation processes, and
- how to strengthen knowledge sharing.

Consultations and inputs:
- Surveys and consultations were conducted with Executive Directors, country authorities, IMF missions chiefs, and civil society organizations.
Accompanying background papers:
- This Background Paper 1 on Key Trends is one of three background papers accompanying the 2024 review.