## International Organizations Launch Platform to Promote Access to Subsidy Information

_IMF News, May 25, 2023_

## Source details

**Canonical URL:** [International Organizations Launch Platform to Promote Access to Subsidy Information](https://www.imf.org/en/news/articles/2023/05/25/pr23179-trade-joint-subsidy-platform)

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## Bibliographic details
- Published: May 25, 2023

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### Overview
- 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.

### Joint statement highlights
- Signatories: Ngozi Okonjo-Iweala (WTO), Mathias Cormann (OECD), David Malpass (World Bank), and Kristalina Georgieva (IMF).
- Key messages from the joint statement:
  - 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.
  - International emergencies and the climate crisis underscore that in some circumstances well-designed subsidies can have a legitimate, albeit often only temporary, role.
  - Governments using subsidies to address market failures need to ensure measures are transparent, respect trade commitments, and do not undermine policy predictability.
  - 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.
  - Building a more common understanding across governments on appropriate uses and design of subsidies is required.

### Platform purpose, scope, and next steps
- Initial contribution:
  - Improve transparency on subsidies by facilitating access to data on their nature, size, and economic impact.
- Intended ongoing actions:
  - Continue to develop and extend the Platform.
  - Deepen the organizations' own analysis.
  - Identify critical shortcomings in data availability.
  - Support high-quality analysis by others.
  - 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.

### Media and contact information
- 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.

*International Organizations Launch Platform to Promote Access to Subsidy Information — Press Release No. 23/179, May 25, 2023.*

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## References

- [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)

_Source: https://www.imf.org/en/news/articles/2023/05/25/pr23179-trade-joint-subsidy-platform_