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Standards and Codes - Implementing the Fund's Medium-Term Strategy and the Recommendations of the 2005 Review of the Initiative

Standards and Codes

Public Information Notice: IMF Executive Board Reviews the Standards and Codes Initiative, August 8, 2005

Public Information Notice: IMF Executive Board Reviews International Standards: Strengthening Surveillance, Domestic Institutions, and International Markets, April 3, 2003

Press Release: IMF Executive Board Approves 12-Month Anti-Money Laundering Pilot Project, November 22, 2002

Policy Papers and Selected News Releases Related to the IMF's Standards Initiative

World Bank ROSCs

See Also:

Financial Sector Assessment Program (FSAP)

Standards and Codes: The Role of the IMF - A Factsheet





Reports on the Observance of Standards and Codes (ROSCs)
Last updated:  Friday, June 21, 2019


ROSCs summarize the extent to which countries observe certain internationally recognized standards and codes. The IMF has recognized 12 areas and associated standards as useful for the operational work of the Fund and the World Bank. These comprise accounting; auditing; anti-money laundering and countering the financing of terrorism (AML/CFT); banking supervision; corporate governance; data dissemination; fiscal transparency; insolvency and creditor rights; insurance supervision; monetary and financial policy transparency; payments systems; and securities regulation; AML/CFT was added in November 2002. Reports summarizing countries' observance of these standards are prepared and published at the request of the member country. They are used to help sharpen the institutions' policy discussions with national authorities, and in the private sector (including by rating agencies) for risk assessment. Short updates are produced regularly and new reports are produced every few years.


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Gabon
Gabon: Report on Observance of Standards and Codes - Fiscal Transparency Module (PDF File :511 KB) October 26, 2006
Gabon: Financial System Stability Assessment, Including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision, and Insurance Regulation (PDF File :1.94 MB)
Note :Published as part of a Financial System Stability Assessment
May 8, 2002

Gambia, The
The Gambia: Report on the Observance of Standards and Codes - Data Module, Response by the Authorities, and Detailed Assessments Using the Data Quality Assessment Framework (PDF File :461 KB) December 1, 2005

Georgia
Georgia : Report on Observance of Standards and Codes—FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (PDF File :282 KB) January 8, 2013
Georgia : Report on Observance of Standards and Codes: Data Module (PDF File :1.60 MB) March 19, 2012
Georgia: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File :322 KB) October 27, 2003
Georgia: Report on the Observance of Standards and Codes--Data Module; Response by the Authorities; and Detailed Assessments Using Data Quality Assessment Framework (PDF File :1.07 MB) May 27, 2003

Germany
Germany: Report on Observance of Standards and Codes-FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (PDF File :428 KB) March 26, 2010
Germany: Report on Observance of Standards and Codes - Data Module, Response by the Authorities, and Detailed Assessments Using the Data Quality Assessment Framework (DQAF) (PDF File :1.20 MB) January 18, 2006
Germany: Report on the Observance of Standards and Codes--FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (PDF File :281 KB) July 20, 2004
Germany: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Securities Regulation, Insurance Regulation, Monetary and Financial Policy Transparency, Payment Systems, and Securities Settlement (PDF File :2.44 MB)
Note :Published as part of a Financial System Stability Assessment
November 6, 2003
Germany: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File :560 KB) September 8, 2003

Ghana
Ghana: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File :360 KB) July 15, 2004
Ghana: Financial System Stability Assessment Update, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Insurance Regulation,and Securities Regulation (PDF File :307 KB)
Note :Published as part of a Financial System Stability Assessment
December 30, 2003

Greece
Greece: Report on the Observance of Standards and Codes - FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (PDF File :786 KB) January 30, 2009
Greece: Report on Observance of Standards and Codes - Fiscal Transparency Module (PDF File :575 KB) February 10, 2006
Greece: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics, Banking Supervision, Insurance Supervison, Securities Regulation, and Anti-Money Laundering and Combating the Financing of Terrorism (PDF File :711 KB)
Note :Published as part of a Financial System Stability Assessment
January 6, 2006
Greece: Report on the Observance of Standards and Codes--Fiscal Transparency Module--Update (PDF File :398 KB)Update February 10, 2005
Greece: Report on the Observance of Standards and Codes--Data Module--Update (PDF File :329 KB)Update February 10, 2005
Greece: Report on the Observance of Standards and Codes--Data Module; Response by the Authorities; and Detailed Assessments Using the Data Quality Assessment Framework (PDF File :1.06 MB) October 7, 2003
Greece: Report on Observance of Standards and Codes--Fiscal Transparency Module-Update (PDF File :192 KB)Update June 11, 2003
Greece: Update to the Report on the Observance of Standards and Codes, 2002--Fiscal Transparency (PDF File :62.0 KB)Update March 15, 2002
Update to the Report on the Observance of Standards and Codes -- Greece Update February 1, 2001

Grenada
Eastern Caribbean Central Bank: Report on Observance of Standards and Codes - Data Module, Response by the Authorities, and Detailed Assessment Using the Data Quality Assessment Framework (DQAF) (PDF File :528 KB) August 21, 2007

Guatemala
Guatemala: Report on Observance of Standards and Codes - Fiscal Transparency Module (PDF File :477 KB) January 12, 2006
Guatemala: Report on the Observance of Standards and Codes--Data Module, Response by the Authorities, and Detailed Assessments Using the Data Quality Assessment Framework (PDF File :1.14 MB) June 20, 2005

Data Quality Assessments in Data Module ROSCs

Data Module ROSCs have included a substantial data quality assessment component since early 2001. This assessment is based on the Data Quality Assessment Framework (DQAF). The July 2003 version of the DQAF was introduced at the Fifth Review of the Fund's Data Standards Initiatives. It supersedes earlier versions of the DQAF to reflect experience and developments in international methodological standards and generally accepted good statistical practices. Accordingly, ratings for ROSCs using the July 2003 version of the DQAF are not necessarily directly comparable with ROSCs using earlier versions. The July 2003 version also is now used in Data Module ROSC updates for countries that originally were assessed using earlier versions.