Policy Papers

This 2026 Guidance Note provides updated guidance to implement the Fund’s Transparency Policy revised in November 2024 and updates, and replaces, the 2014 Transparency Guidance Note. The objective of the Policy is to enhance the Fund’s credibility, effectiveness, and the traction of its advice by making important documents and the Fund’s views available to the public on a timely basis. The Policy also supports the quality of Fund surveillance and program work by subjecting the Fund to outside scrutiny and accountability. Thus, the Policy is important to support the Fund in fulfilling its mandate of promoting global economic and financial stability. To achieve these objectives, the Policy governs the publication of documents prepared for the IMF Executive Board and contains the rules for modifying documents issued to the Board before they are published.