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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.


[By Country/Area] | [By Date] | [By Topic]
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Pakistan
Pakistan: Report on Observance of Standards and Codes - Fiscal Transparency Module - An Update (PDF File :231 KB)Update April 15, 2008
Pakistan: Report on the Observance of Standards and Codes - Data Module, Reassessment of Monetary Statistics; Response by the Authorities; and Detailed Assessment Using Quality Assessment Framework (DQAF) (PDF File :610 KB) February 20, 2007
Pakistan: Report on Observance of Standards and Codes--Fiscal Transparency Module--Update (PDF File :264 KB)Update December 20, 2004
Luxembourg: Report on the Observance of Standards and Codes--FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (PDF File :385 KB) December 8, 2004
Pakistan: Report on Observance of Standards and Codes--Data Module, Response by the Authorities, and Detailed Assessment Using Data Quality Assessment Framework (PDF File :1.10 MB) December 7, 2004
Pakistan: 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 Securities Regulation (PDF File :431 KB)
Note :Published as part of a Financial System Stability Assessment
July 22, 2004
Report on the Observance of Standards and Codes: Pakistan -- Fiscal Transparency November 28, 2000

Palau, Republic of
Palau: Report on the Observance of Standards and Codes - FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (PDF File :321 KB) January 13, 2009

Panama
Panama: Report on Observance of Standards and Codes—FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (PDF File :373 KB) February 18, 2014
Panama: Assessment of Financial Sector Supervision and Regulation, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Insurance Supervision, and Securities Regulation (PDF File :438 KB) February 15, 2007
Panama: 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 :998 KB) October 26, 2006

Papua New Guinea
Report on the Observance of Standards and Codes: Papua New Guinea -- Table of Contents October 11, 2000

Paraguay
Paraguay: Report on Observance of Standards and Codes (ROSC)—Data Module (PDF File :1.28 MB) August 18, 2014
Paraguay: Report on the Observance of Standards and Codes - FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (PDF File :390 KB) July 31, 2009
Paraguay: Report on the Observance of Standards and Codes - Data Module, Response by the Authorities, Detailed Assessments Using the Data Quality Assessment Framework (DQAF) (PDF File :994 KB) June 30, 2006
Paraguay: Report on Observance of Standards and Codes - Fiscal Transparency Module (PDF File :434 KB) January 13, 2006

Peru
Peru: Report on the Observance of Standards and Codes - Fiscal Transparency Module (PDF File :463 KB) April 16, 2004
Peru: Report on the Observance of Standards and Codes--Data Module, Response by the Authorities, and Detailed Assessments Using Data Quality Assessment Framework (PDF File :1.09 MB) October 24, 2003

Philippines
Philippines: Report on Observance of Standards and Codes--Payment Systems (PDF File :351 KB) January 24, 2005
Philippines: Report on the Observance of Standards and Codes--Data Module,Response by the Authorities, and Detailed Assessments Using Data Quality Assessment Framework (PDF File :1.19 MB) August 25, 2004
Philippines: Report on the Observance of Standards and Codes-Fiscal Transparency Module-Update (PDF File :201 KB)Update June 30, 2004
Philippines: Report on the Observance of Standards and Codes Banking Supervision (PDF File :218 KB) April 16, 2004
Philippines: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File :1.01 MB) October 4, 2002

Poland, Republic of
Republic of Poland: Report on Observance of Standards and Codes-Fiscal Transparency Module-Update (PDF File :204 KB)Update July 26, 2004
Poland: Report on the Observance of Standards and Codes--Data Module; Response by the Authorities; and Detailed Assessments Using the Data Quality Assessment Framework Preparation Status Report (PDF File :1.06 MB) October 3, 2003
Republic of Poland: Report on the Observance of Standards and Codes--Fiscal Transparency Module--Update (PDF File :224 KB)Update June 25, 2003
Report on the Observance of Standards and Codes: Poland-- Fiscal Transparency February 22, 2001

Portugal
Portugal: Report on the Observance of Standards and Codes - FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (PDF File :686 KB) February 6, 2009
Portugal: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Securities Regulation, and Insurance Regulation (PDF File :656 KB)
Note :Published as part of a Financial System Stability Assessment
October 24, 2006
Portugal: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File :396 KB) December 1, 2003

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.