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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]

Fiscal Transparency
Albania: Albania: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 272 KB) July 8, 2003
Algeria: Algeria: Report on the Observance of Standards and Codes-Fiscal Transparency Module (PDF File : 503 KB) March 1, 2005
Argentina: Experimental Report on Transparency Practices: Argentina (PDF File : 73 KB) April 15, 1999
Armenia, Republic of: Republic of Armenia: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 668 KB) March 4, 2002
Australia: IMF Staff Involvement in the Preparation of a Pilot Transparency Report for Australia (PDF File : 22 KB) April 15, 1999
Azerbaijan, Republic of: Azerbaijan Republic: Report on Observance of Standards and Codes--Fiscal Transparency Module--Update (PDF File : 105 KB)Update June 6, 2003
Azerbaijan, Republic of: Report on the Observance of Standards and Codes (ROSC): Azerbaijan -- Fiscal Transparency (PDF File : 44 KB) November 13, 2000
Bangladesh: Bangladesh: Report on the Observance of Standards and Codes - Fiscal Transparency Module - Update (PDF File : 335 KB)Update September 9, 2005
Bangladesh: Bangladesh: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 341 KB) June 25, 2003
Barbados: Barbados: Report on Observance of Standards and Codes - Fiscal Transparency Module (PDF File : 398 KB) September 27, 2007
Belarus, Republic of: Republic of Belarus: Report on Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 279 KB) November 16, 2004
Belgium: Belgium: Report on Observance of Standards and Codes - Fiscal Transparency Module (PDF File : 443 KB) April 2, 2008
Benin: Benin: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 568 KB) October 4, 2002
Brazil: Brazil: Report on Observance of Standards and Codes (ROSC)--Fiscal Transparency Module (PDF File : 1668 KB) December 6, 2001
Bulgaria: Bulgaria: Report on the Observance of Standards and Codes - Fiscal Transparency Module (PDF File : 551 KB) August 19, 2005
Bulgaria: Update to the Report on the Observance of Standards and Codes -- Bulgaria (PDF File : 29 KB)Update March 8, 2001
Bulgaria: IMF Report on Observance of Standards and Codes: Bulgaria -- Fiscal Transparency (PDF File : 29 KB) March 17, 2000
Burkina Faso: Burkina Faso: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 654 KB) July 12, 2002
Cameroon: Cameroon: Report on the Observance of Standards and Codes - Fiscal Transparency Module (PDF File : 761 KB) August 11, 2010
Cameroon: Report on the Observance of Standards and Codes: Cameroon -- Fiscal Transparency (PDF File : 28 KB) May 30, 2000
Canada: Canada: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 827 KB) March 12, 2002
Chile: Chile: Report on Observance of Standards and Codes - Fiscal Transparency Module - Update (PDF File : 57 KB)Update August 1, 2005
Chile: Chile: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 383 KB) August 5, 2003
Colombia: Colombia: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 1838 KB) May 15, 2003
Costa Rica: Costa Rica: Report on Observance of Standards and Codes - Fiscal Transparency Module (PDF File : 387 KB) November 30, 2007
Croatia, Republic of: Republic of Croatia : Report on Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 523 KB) November 24, 2004
Cyprus: Cyprus: Report on the Observance of Standards and Codes - Fiscal Transparency Module (PDF File : 599 KB) October 25, 2005
Czech Republic: Czech Republic: Report on the Observance of Standards and Codes--Fiscal Transparency Module--Update (PDF File : 213 KB)Update August 17, 2004
Czech Republic: Czech Republic: Report on Observance of Standards and Codes-Fiscal Transparency Module--Update (PDF File : 262 KB)Update October 8, 2003
Czech Republic: Czech Republic: Report on the Observance of Standards and Codes--Fiscal Transparency, Banking Supervision, Insurance Regulation, Securities Regulation, Payment Systems, and Monetary and Financial Policy Transparency--Updates (PDF File : 363 KB)Update August 7, 2002
Czech Republic: Czech Republic: Report on the Observance of Standards and Codes--An Update Including the following topics: Data Dissemination and Fiscal Transparency (PDF File : 110 KB)Update July 25, 2001
Czech Republic: Report on the Observance of Standards and Codes: Czech Republic -- Fiscal Transparency (PDF File : 41 KB) June 30, 2000
El Salvador: El Salvador : Report on Observance of Standards and Codes: Fiscal Transparency Module (PDF File : 604 KB) June 28, 2011
El Salvador: El Salvador: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 422 KB) March 1, 2005
Equatorial Guinea, Republic of: Republic of Equatorial Guinea: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 579 KB) April 27, 2005
Estonia, Republic of: Republic of Estonia: Reassessment Report on the Observance of Standards and Codes - Fiscal Transparency Module (PDF File : 565 KB) March 13, 2009
Estonia, Republic of: Republic of Estonia: Report on the Observance of Standards and Codes--Banking Supervision, Data Module, Fiscal Transparency Module, Insurance Supervision, Payment Systems, Securities Supervision, and Transparency in Monetary and Financial Policies--Updates (PDF File : 465 KB)Update July 3, 2002
Estonia, Republic of: Republic of Estonia: Report on Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 830 KB) July 9, 2001
Fiji: Fiji: Report on the Observance of Standards and Codes -- Fiscal Transparency Module (PDF File : 299 KB) March 18, 2004
France: France: Report on Observance of Standards and Codes--Fiscal Transparency and Data Module Updates (PDF File : 209 KB)Update November 3, 2004
France: France: Report on the Observance of Standards and Codes--Monetary and Financial Policies Transparency and Fiscal Transparency--Updates (PDF File : 104 KB)Update November 13, 2002
France: France: Report on the Observance of Standards and Codes--Fiscal Transparency: An Update (PDF File : 73 KB)Update November 5, 2001
France: Report on the Observance of Standards and Codes (ROSC): France -- Fiscal Transparency (PDF File : 41 KB) October 17, 2000
Gabon: Gabon: Report on Observance of Standards and Codes - Fiscal Transparency Module (PDF File : 511 KB) October 26, 2006
Georgia: Georgia: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 322 KB) October 27, 2003
Germany: 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
Greece: Greece: Report on Observance of Standards and Codes - Fiscal Transparency Module (PDF File : 575 KB) February 10, 2006
Greece: Greece: Report on the Observance of Standards and Codes--Fiscal Transparency Module--Update (PDF File : 398 KB)Update February 10, 2005
Greece: Greece: Report on Observance of Standards and Codes--Fiscal Transparency Module-Update (PDF File : 192 KB)Update June 11, 2003
Greece: Greece: Update to the Report on the Observance of Standards and Codes, 2002--Fiscal Transparency (PDF File : 62 KB)Update March 15, 2002
Greece: Update to the Report on the Observance of Standards and Codes -- Greece (PDF File : 14 KB)Update February 1, 2001
Guatemala: Guatemala: Report on Observance of Standards and Codes - Fiscal Transparency Module (PDF File : 477 KB) January 12, 2006
Honduras: Honduras: Report on Observance of Standards and Codes - Fiscal Transparency Module - Update (PDF File : 387 KB)Update July 29, 2005
Honduras: Honduras: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 765 KB) February 6, 2002
Hong Kong Special Administrative Region, People's Republic of China: IMF Report on Observance of Standards and Codes: People's Republic of China--Hong Kong Special Administrative Region (PDF File : 104 KB) August 30, 1999
Hungary: Hungary: Report on Observance of Standards and Codes - Fiscal Transparency Module (PDF File : 787 KB) January 12, 2007
Hungary: Hungary: Report on the Observance of Standards and Codes-Fiscal Transparency Module--Update (PDF File : 205 KB)Update May 24, 2004
Hungary: Hungary: Report on the Observance of Standards and Codes--Data and Fiscal Transparency Modules--Updates (PDF File : 322 KB)Update May 9, 2003
Hungary: Hungary: Report on the Observance of Standards and Codes--Data Module and Fiscal Transparency--Updates (PDF File : 201 KB)Update June 5, 2002
Hungary: Report on the Observance of Standards and Codes (ROSC): Hungary -- Fiscal Transparency (PDF File : 67 KB) April 18, 2001
India: Report on the Observance of Standards and Codes: India-- Fiscal Transparency (PDF File : 55 KB) February 23, 2001
Indonesia: Indonesia: Report on the Observance of Standards and Codes-Fiscal Transparency Module-Update (PDF File : 346 KB)Update November 29, 2010
Indonesia: Indonesia: Report on Observance of Standards and Codes - Fiscal Transparency Module (PDF File : 549 KB) September 26, 2006
Iran, Islamic Republic of: Islamic Republic of Iran: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 923 KB) December 10, 2002
Israel: Israel: Report on Observance of Standards and Codes - Fiscal Transparency Module (PDF File : 336 KB) April 22, 2004
Italy: Italy: Report on the Observance of Standards and Codes - Fiscal Transparency Module - Update (PDF File : 349 KB)Update February 23, 2006
Italy: Italy: Report on Observance of Standards and Codes--Fiscal Transparency Module Update (PDF File : 107 KB)Update November 13, 2003
Italy: Italy: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 1725 KB) October 28, 2002
Japan: Japan: Report on Observance of Standards and Codes-Fiscal Transparency Module-Update (PDF File : 198 KB)Update August 13, 2004
Japan: Japan: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 676 KB) September 4, 2001
Jordan: Jordan: Report on Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 505 KB) January 18, 2006
Kazakhstan, Republic of: Republic of Kazakhstan: Report on Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 1579 KB) April 9, 2003
Kenya: Kenya: Report on Observance of Standards and Codes - Fiscal Transparency Module (PDF File : 515 KB) March 11, 2008
Korea, Republic of: Report on the Observance of Standards and Codes (ROSC): Republic of Korea -- Fiscal Transparency (PDF File : 50 KB) January 23, 2001
Kyrgyz Republic: Kyrgyz Republic: Report on Observance of Standards and Codes - Fiscal Transparency Module (PDF File : 428 KB) May 9, 2008
Kyrgyz Republic: Kyrgyz Republic: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 606 KB) March 13, 2002
Latvia, Republic of: Report on the Observance of Standards and Codes: Republic of Latvia—Fiscal Transparency (PDF File : 71 KB) March 29, 2001
Lebanon: Lebanon: Report on Observance of Standards and Codes-Fiscal Transparency Module (PDF File : 205 KB) May 16, 2005
Lithuania, Republic of: Republic of Lithuania: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 1380 KB) November 12, 2002
Malawi: Malawi: Report on the Observance of Standards and Codes-Fiscal Transparency Module-Update (PDF File : 247 KB)Update March 12, 2007
Malawi: Malawi: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 678 KB) August 16, 2002
Mali: Mali: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 558 KB) March 1, 2002
Mauritania, Islamic Republic of: Islamic Republic of Mauritania;Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 739 KB) December 12, 2002
Mexico: Mexico: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 288 KB) September 16, 2002
Moldova, Republic of: Republic of Moldova: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 452 KB) December 20, 2004
Mongolia: Mongolia: Report on Observance of Standards and Codes--Fiscal Transparency Update (PDF File : 59 KB)Update May 31, 2005
Mongolia: Mongolia: Report on the Observance of Standards and Codes--Fiscal Transparency (PDF File : 708 KB) December 10, 2001
Morocco: Morocco: Report on Observance of Standards and Codes - Fiscal Transparency Module (PDF File : 539 KB) August 16, 2005
Mozambique, Republic of: Republic of Mozambique: Report on Observance of Standards and Codes - Fiscal Transparency Module (PDF File : 538 KB) May 9, 2008
Mozambique, Republic of: Republic of Mozambique: 2003 Article IV Consultation--Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Mozambique -- An Update (PDF File : 2793 KB)Update
Note :Update of the fiscal module was published as part of Mozambique's 2003 Article IV (see page 12).
March 5, 2004
Mozambique, Republic of: Republic of Mozambique: Report on the Observance of Standards and Codes--Fiscal Transparency Module--Update (PDF File : 95 KB)Update August 7, 2002
Mozambique, Republic of: Report on the Observance of Standards and Codes: Republic of Mozambique--Fiscal Transparency (PDF File : 50 KB) February 22, 2001
Namibia: Namibia: Report on Observance of Standards and Codes - Fiscal Transparency Module (PDF File : 358 KB) June 13, 2008
Nepal: Nepal: Report on Observance of Standards and Codes - Fiscal Transparency Module (PDF File : 302 KB) October 11, 2007
Netherlands, Kingdom of the Netherlands: Kingdom of the Netherlands-Netherlands: Report on the Observance of Standards and Codes-Fiscal Transparency Module, and the Aide-Mémoire Regarding the Fiscal Framework (PDF File : 864 KB) March 27, 2006
Nicaragua: Nicaragua: Report on Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 808 KB) April 9, 2002
North Macedonia, Republic of North Macedonia: Former Yugoslav Republic of Macedonia: Report on Observance of Standards and Codes - Fiscal Transparency Module (PDF File : 522 KB) July 31, 2006
Norway: Norway: Report on Observance of Standards and Codes - Fiscal Transparency Module (PDF File : 995 KB) June 19, 2009
Pakistan: Pakistan: Report on Observance of Standards and Codes - Fiscal Transparency Module - An Update (PDF File : 231 KB)Update April 15, 2008
Pakistan: Pakistan: Report on Observance of Standards and Codes--Fiscal Transparency Module--Update (PDF File : 264 KB)Update December 20, 2004
Pakistan: Report on the Observance of Standards and Codes: Pakistan -- Fiscal Transparency (PDF File : 66 KB) November 28, 2000
Papua New Guinea: Report on the Observance of Standards and Codes: Papua New Guinea -- Table of Contents (PDF File : 12 KB) October 11, 2000
Paraguay: 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
Philippines: Philippines: Report on the Observance of Standards and Codes-Fiscal Transparency Module-Update (PDF File : 201 KB)Update June 30, 2004
Philippines: Philippines: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 1038 KB) 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, Republic of: Republic of Poland: Report on the Observance of Standards and Codes--Fiscal Transparency Module--Update (PDF File : 224 KB)Update June 25, 2003
Poland, Republic of: Report on the Observance of Standards and Codes: Poland-- Fiscal Transparency (PDF File : 46 KB) February 22, 2001
Portugal: Portugal: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 396 KB) December 1, 2003
Romania: Romania: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 930 KB) November 18, 2002
Russian Federation: Russian Federation: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 343 KB) September 3, 2004
Rwanda: Rwanda: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 289 KB) July 25, 2003
Samoa: Samoa : Report on Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 436 KB) March 2, 2005
Serbia, Republic of: Republic of Serbia: Report on Observance of Standards and Codes - Fiscal Transparency Module (PDF File : 690 KB) May 14, 2009
Slovak Republic: Slovak Republic: Report on the Observance of Standards and Codes-Fiscal Transparency Module--Update (PDF File : 385 KB)Update March 2, 2005
Slovak Republic: Slovak Republic: Report on the Observance of Standards and Codes--Fiscal Transparency Module--Update (PDF File : 212 KB)Update August 5, 2003
Slovak Republic: Slovak Republic: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 849 KB) August 19, 2002
Slovenia, Republic of: Republic of Slovenia: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 563 KB) June 13, 2002
Spain: Spain: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 579 KB) February 17, 2005
Sri Lanka: Sri Lanka: Report on the Observance of Standards and Codes - Fiscal Transparency Module--Update (PDF File : 317 KB)Update July 25, 2005
Sri Lanka: Sri Lanka: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 830 KB) October 29, 2002
Sweden: Sweden: Report on the Observance of Standards and Codes--Fiscal Transparency and Data Modules--A Note on Recent Developments -- An Update (PDF File : 59 KB)Update November 11, 2002
Sweden: Report on the Observance of Standards and Codes (ROSC): Sweden -- Fiscal Transparency (PDF File : 37 KB) November 13, 2000
Switzerland: Switzerland: Report on Observance of Standards and Codes - Fiscal Transparency Module (PDF File : 661 KB) July 7, 2009
Tajikistan, Republic of: Republic of Tajikistan: Report on Observance of Standards and Codes - Fiscal Transparency Module (PDF File : 530 KB) February 9, 2007
Tanzania: Tanzania: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 657 KB) March 18, 2002
Thailand: Thailand: Report on Observance of Standards and Codes - Fiscal Transparency Module (PDF File : 936 KB) August 12, 2009
Timor-Leste, Democratic Republic of: Timor-Leste: Report on Observance of Standards and Codes (ROSC)-Fiscal Transparency Module (PDF File : 598 KB) November 24, 2010
Tunisia: Report on the Observance of Standards and Codes: Tunisia -- Update (PDF File : 16 KB)Update January 29, 2001
Tunisia: IMF Report on Observance of Standards and Codes: Tunisia (PDF File : 85 KB) September 30, 1999
Turkey: Turkey: Report on the Observance of Standards and Codes-Fiscal Transparency Module (PDF File : 637 KB) March 24, 2006
Turkey: Turkey: Report on Observance of Standards and Codes--Fiscal Transparency Module--Update (PDF File : 91 KB)Update November 25, 2003
Turkey: Report on the Observance of Standards and Codes: Turkey -- Fiscal Transparency (PDF File : 43 KB) June 27, 2000
Uganda: Uganda: Report on Observance of Standards and Codes--Fiscal Transparency Module--Update (PDF File : 115 KB)Update March 26, 2003
Uganda: IMF Report on Observance of Standards and Codes: Uganda (PDF File : 109 KB) August 27, 1999
Ukraine: Ukraine: Report on the Observance of Standards and Codes -- Fiscal Transparency Module (PDF File : 454 KB) April 7, 2004
Ukraine: IMF Report on Observance of Standards and Codes: Ukraine (PDF File : 25 KB) September 1, 1999
United Kingdom: Experimental Report on Transparency Practices: United Kingdom (PDF File : 66 KB) March 15, 1999
United States: United States: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File : 414 KB) August 5, 2003
Uruguay: Report on the Observance of Standards and Codes: Uruguay -- Fiscal transparency (PDF File : 44 KB) March 5, 2001

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.