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GTI Model World Bank Policy on Disclosure of Information
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Accountability and International Financial Institutions - Deepening transparency and opening political space
... latest NEWS
GTI demands overhaul of IMF disclosure policy, releases new guides and reports
9th October 2008
In advance of the 2008 annual meetings of the IMF and World Bank, the Global Transparency Initiative has launched a new policy brief demanding a complete overhaul of the IMF's disclosure rules. It find that the IMF’s practices on information disclosure falls far short of the best practice standards outlined in the Global Transparency Initiative’s Transparency Charter for IFIs, failing to meet five of the nine principles in the GTI Charter and only partially meeting the other four. The IMF fares significantly worse than the World Bank in meeting these principles.
The GTI argues that the IMF should use the upcoming transparency policy review, scheduled for 2009, to make a bold move towards recognizing the right to information. On top of the demand for recognizing the right to information, this brief recommends 11 specific changes to document and information access across a range of document types, including policy papers, archives and board documents.
Please download the policy brief to read more (Adobe Acrobat format).
At the same time, the GTI has released an updated guide to Transparency at the IMF. The September 2008 version of the guide is an attempt to help civil society learn how to use the information held by the IMF but also provide an insight into the improvements that could be made in the IMF's transparency policy. It should be a useful reference for a range of people from advocacy organizations, researchers, budget monitors and even parliamentarians and officials. It contains updated information on which countries have not published their Article IV reports or their letters of intent in relation to lending programmes. The GTI is also now making the guide available in Spanish and Russian. The French version will be available shortly.
Transparency at the IMF (English, September 2008)
Transparencia en el FMI (Español, September 2008)
ПРОЗРАЧНОСТЬ В МВФ (Russian, October 2007)
Transparence au FMI (Français, forthcoming)
Transparency at the IMF (English, October 2007)
