{
  "title": "International Organizations Launch Platform to Promote Access to Subsidy Information",
  "publication": "IMF News, May 25, 2023",
  "sourceUrl": "https://www.imf.org/en/news/articles/2023/05/25/pr23179-trade-joint-subsidy-platform",
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  "summary": "The heads of the IMF, OECD, World Bank, and WTO today announced the launch of a Joint Subsidy Platform (JSP) at www.subsidydata.org to enhance transparency on the use of subsidies.",
  "publishDate": "2023-05-25",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Press Release No. 23/179\n- Date: May 25, 2023\n- Announcement by the heads of the IMF, OECD, World Bank, and WTO of the launch of a Joint Subsidy Platform (JSP) at www.subsidydata.org to enhance transparency on the use of subsidies.\n- Purpose: to facilitate access to information on the nature, size, and economic impact of subsidies and to facilitate dialogue on their appropriate use and design."
    },
    {
      "heading": "Joint statement highlights",
      "content": "- Signatories: Ngozi Okonjo-Iweala (WTO), Mathias Cormann (OECD), David Malpass (World Bank), and Kristalina Georgieva (IMF).\n- Key messages from the joint statement:\n  - Since the April 2022 joint report on Subsidies, Trade, and International Cooperation, the magnitude of costly subsidies has grown and tensions around their use have increased.\n  - International emergencies and the climate crisis underscore that in some circumstances well-designed subsidies can have a legitimate, albeit often only temporary, role.\n  - Governments using subsidies to address market failures need to ensure measures are transparent, respect trade commitments, and do not undermine policy predictability.\n  - Subsidies should not be used to provide a competitive advantage to domestic industry and should seek to minimize cost and distorting effects on trading partners.\n  - Building a more common understanding across governments on appropriate uses and design of subsidies is required."
    },
    {
      "heading": "Platform purpose, scope, and next steps",
      "content": "- Initial contribution:\n  - Improve transparency on subsidies by facilitating access to data on their nature, size, and economic impact.\n- Intended ongoing actions:\n  - Continue to develop and extend the Platform.\n  - Deepen the organizations' own analysis.\n  - Identify critical shortcomings in data availability.\n  - Support high-quality analysis by others.\n  - Leverage and encourage development and disclosure of more data and analysis to promote stronger dialogue on subsidies among governments, based on a more comprehensive set of subsidies data, with the aim of leading to better policies and de-escalating trade tensions."
    },
    {
      "heading": "Media and contact information",
      "content": "- IMF Communications Department, MEDIA RELATIONS\n- PRESS OFFICER: Mayada Ghazala\n- Phone: +1 202 623-7100\n- Email: MEDIA@IMF.org\n- Twitter: @IMFSpokesperson\n- Note: The IMF Press Center is a password-protected site for working journalists.\n\nInternational Organizations Launch Platform to Promote Access to Subsidy Information — Press Release No. 23/179, May 25, 2023.\n\n---\n\n\n References\n\n- Press Releases\n- PRESS CENTER\n- Subsidies, Trade, and International Cooperation\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2023/05/25/pr23179-trade-joint-subsidy-platform"
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    "Published: May 25, 2023",
    "Press Release No. 23/179",
    "Date: May 25, 2023",
    "Announcement by the heads of the IMF, OECD, World Bank, and WTO of the launch of a Joint Subsidy Platform (JSP) at www.subsidydata.org to enhance transparency on the use of subsidies.",
    "Purpose: to facilitate access to information on the nature, size, and economic impact of subsidies and to facilitate dialogue on their appropriate use and design.",
    "Signatories: Ngozi Okonjo-Iweala (WTO), Mathias Cormann (OECD), David Malpass (World Bank), and Kristalina Georgieva (IMF).",
    "Key messages from the joint statement:",
    "Initial contribution:",
    "Intended ongoing actions:",
    "IMF Communications Department, MEDIA RELATIONS",
    "PRESS OFFICER: Mayada Ghazala",
    "Phone: +1 202 623-7100",
    "Email: MEDIA@IMF.org",
    "Twitter: @IMFSpokesperson",
    "Note: The IMF Press Center is a password-protected site for working journalists.",
    "[Press Releases](https://www.imf.org/en/news/searchnews)",
    "[PRESS CENTER](http://presscenter.imf.org/)",
    "[Subsidies, Trade, and International Cooperation](https://www.imf.org/en/Publications/analytical-notes/Issues/2022/04/22/Subsidies-Trade-and-International-Cooperation-516660)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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