{
  "title": "The 2017 Joint Review of the Standards and Codes Initiative",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2017/08/03/pp080317-the-2017-joint-review-of-the-standards-and-codes-initiative",
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  "summary": "The standards and codes (S&C) initiative was launched in the aftermath of the emerging market crises of the 1990s as part of efforts to strengthen the international financial architecture, with a focus on emerging markets.",
  "sections": [
    {
      "heading": "Background and Purpose",
      "content": "- The standards and codes (S&C) initiative was launched in the aftermath of the emerging market crises of the 1990s.\n- The initiative aims to promote international standards and codes to improve economic and financial resilience.\n- Primary mechanisms: assisting countries in strengthening their economic institutions and informing World Bank and IMF work.\n- The review’s focus and scope are guided by the February 2017 paper."
    },
    {
      "heading": "Summary of Prior Reviews and Issues Identified",
      "content": "- Four previous reviews confirmed a fairly high appreciation of the overall initiative.\n- Persistent issues raised in prior reviews:\n  - Questions about the initiative’s link to surveillance and capacity development efforts.\n  - Weak uptake by market participants.\n  - A need to improve traction with policy makers."
    },
    {
      "heading": "Findings of the 2017 Review",
      "content": "- The review reaffirms country authorities’ appreciation for S&C work.\n- Emphasis maintained on improving economic and financial resilience through standards and codes."
    },
    {
      "heading": "Publication and Access Details",
      "content": "- Title: The 2017 Joint Review of the Standards and Codes Initiative\n- Date on page: August 3, 2017\n- Citation line includes: The 2017 Joint Review of the Standards and Codes Initiative, (USA: International Monetary Fund, ) accessed 9/19/2026\n- The review is guided by the February 2017 paper (linked on the page).\n\nSource: The 2017 Joint Review of the Standards and Codes Initiative (IMF web landing page).\n\n---\n\n Content in this bundle\n\n- Policy Paper\n  - Policy Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Policy Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2017/08/03/pp080317-the-2017-joint-review-of-the-standards-and-codes-initiative"
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    "Published: August 3, 2017",
    "The standards and codes (S&C) initiative was launched in the aftermath of the emerging market crises of the 1990s.",
    "The initiative aims to promote international standards and codes to improve economic and financial resilience.",
    "Primary mechanisms: assisting countries in strengthening their economic institutions and informing World Bank and IMF work.",
    "The review’s focus and scope are guided by the February 2017 paper.",
    "Four previous reviews confirmed a fairly high appreciation of the overall initiative.",
    "Persistent issues raised in prior reviews:",
    "The review reaffirms country authorities’ appreciation for S&C work.",
    "Emphasis maintained on improving economic and financial resilience through standards and codes.",
    "Title: The 2017 Joint Review of the Standards and Codes Initiative",
    "Date on page: August 3, 2017",
    "Citation line includes: The 2017 Joint Review of the Standards and Codes Initiative, (USA: International Monetary Fund, ) accessed 9/19/2026",
    "The review is guided by the February 2017 paper (linked on the page).",
    "**Policy Paper**"
  ],
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