{
  "title": "Modification to the Transparency Policy",
  "publication": "Policy Papers, July 13, 2022",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2022/07/13/modification-to-the-transparency-policy-520678",
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  "summary": "The new Debt Sustainability Framework for Market Access Countries (MAC SRDSF) contemplates certain output that would be shared with the Board but that would need to be deleted from Country Documents before publication.",
  "sections": [
    {
      "heading": "Objective and Scope",
      "content": "- Proposes a targeted modification to the Transparency Policy to permit certain deletions across market access Country Documents rather than on a case-by-case basis.\n- Motivation: the new Debt Sustainability Framework for Market Access Countries (MAC SRDSF) produces output shared with the Board that must be deleted from Country Documents prior to publication."
    },
    {
      "heading": "Specific MAC SRDSF output proposed for deletion before publication",
      "content": "- (i) the near-term risk assessment;\n- (ii) when debt is assessed to be sustainable, the qualification \"with high probability\" or \"but not with high probability\", unless such qualification is required for use of Fund resources;\n- (iii) the mechanical signal on debt sustainability."
    },
    {
      "heading": "Policy implication",
      "content": "- The paper seeks authorization to apply these deletions uniformly across market access Country Documents to reflect the MAC SRDSF requirements."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Debt sustainability, Debt sustainability analysis, External debt, Monetary policy, Political economy, Public debt\n- Keywords: access country, Debt sustainability, Debt sustainability analysis, Fund arrangement, IMF team, market sensitivity concern, market-sensitive material, transparency Policy\n\nInternational Monetary Fund. Modification to the Transparency Policy. Policy Papers 2022, 035 (2022).\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/2022/07/13/modification-to-the-transparency-policy-520678"
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    "Published: July 13, 2022",
    "Series: Policy Papers",
    "DOI: https://doi.org/10.5089/9798400213588.007",
    "Proposes a targeted modification to the Transparency Policy to permit certain deletions across market access Country Documents rather than on a case-by-case basis.",
    "Motivation: the new Debt Sustainability Framework for Market Access Countries (MAC SRDSF) produces output shared with the Board that must be deleted from Country Documents prior to publication.",
    "(i) the near-term risk assessment;",
    "(ii) when debt is assessed to be sustainable, the qualification \"with high probability\" or \"but not with high probability\", unless such qualification is required for use of Fund resources;",
    "(iii) the mechanical signal on debt sustainability.",
    "The paper seeks authorization to apply these deletions uniformly across market access Country Documents to reflect the MAC SRDSF requirements.",
    "Subject: Debt sustainability, Debt sustainability analysis, External debt, Monetary policy, Political economy, Public debt",
    "Keywords: access country, Debt sustainability, Debt sustainability analysis, Fund arrangement, IMF team, market sensitivity concern, market-sensitive material, transparency Policy",
    "**Policy Paper**"
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