ANALYSIS

The IMF is not an IATI signatory but is covered by the Busan common standard commitments. The IMF’s Financial Data Query Tool includes information on cross-country historical financial data since 1984, including IMF members’ quota, reserve tranche position, Special Drawing Rights (SDR) holdings, outstanding credit, projected payments due to the IMF, members’ arrangements and borrowings, and monthly historical transactions with the IMF. In June 2013, the IMF’s Executive Board concluded a review of the Fund’s Transparency Policy, agreeing to increase publication rates and reduce lags, better explain the Fund’s rules on confidentiality and facilitate public access to archives.

The IMF is the highest scorer among agencies that are not currently publishing to the IATI standard. It does not score on the tenders and unique ID indicators but it performs well on the activity performance sub-group of indicators and activity-related documents. It scores less well on activity and organisation financial data and does not score on eight of the 39 indicators included in the Index.

RECOMMENDATIONS

• The IMF should join IATI and begin publishing data on its balance of payments loans and technical assistance in accordance with the IATI standard in 2014. The IMF should also produce an ambitious implementation schedule by early 2014 that aims to fully implement the IATI standard by the end of 2015.
• It should work with IATI to develop specific guidance and an extension to the IATI standard for IFIs and ensure that IMF flows can be accurately represented.

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