39.
International Monetary Fund (IMF)
Poor
OVERVIEW
Have they met the Busan commitment on aid transparency? No.
The International Monetary Fund (IMF) is one of the largest distributors of public funds for the promotion of economic growth and stability and poverty reduction. This is primarily in the form of the provision of balance of payment loans and technical assistance to its member countries.
ANALYSIS
Achievements and progress
- Information is always published for twenty-seven indicators in non-IATI formats.
- Activity performance information is always available.
- Access to current projects and grant data is provided via the IMF data query tool. Detailed disaggregated data is available for free bulk export.
Challenges and room for improvement
- The IMF does not publish in the IATI Standard.
- Disaggregated budgets at country level for the next three years are not available.
- Only seven of the twenty-two indicators scored on the basis of format are published in a machine-readable format.
- At the activity level, unique identifiers, flow type, sub-national locations, tied aid status, contracts and budget identifiers are not published at all.
- Data available via the IMF query tool is not published under an open licence.
RECOMMENDATIONS
- The IMF should start publishing to the IATI Registry, beginning with the publication of an organisation file including three-year forward-looking and disaggregated budgets.
- It should make all other indicators available in the same format.
- The IMF should join the IATI working group for development finance institutions to learn from other IATI publishers.
DONOR PROFILE
2016 Index Score:
Poor
2014 Index Score:
Poor
2013 Index Score:
Poor
First published to IATI:
N/A
INDICATOR SCORING
TOTAL
31.3%
SECTION A
COMMITMENT TO
AID TRANSPARENCY:
3.33/10
SECTION B
PUBLICATION
ORGANISATION LEVEL:
9.26/25
SECTION C
PUBLICATION
ACTIVITY LEVEL:
18.69/65
Commitment
1. FOIA
2. Implementation Schedules
3. Accessibility
Publication Status
Source
http://www.imf.org/external/np/exr/facts/trans.htm
Comments
Publish What You Fund completed an assessment of the quality of disclosure policies based on the overarching approach taken in the Global Right to Information Rating.
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1. FOIA
Stage
Status
Format
Source
Comments
Publication Status
Source
No data available.
Comments
No Common Standard or IATI implementation schedule found.
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2. Implementation schedules
Stage
Status
Format
Source
Comments
Publication Status
Source
http://www.imf.org/external/np/fin/tad/query.aspx
Comments
Total points calculated by adding points received on each of the three criteria below: 1) Allows free bulk export - 33, 2) Detailed disaggregated data - 33, 3) Open licence - 0. The IMF Data Query Tool scores for detailed disaggregated data and bulk export.
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3. Accessibility
Stage
Status
Format
Source
Comments
Planning
Financial
4. Organisation Strategy
5. Annual Report
6. Allocation Policy
7. Procurement Policy
8. Country Strategy
9. Total Budget
10. Disaggregated Budgets
11. Audit
Publication Status
Always
Format: Document
Source
No data available.
Comments
The document outlines the organisations financing strategy for low income countries looking forward to 2030.
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4. Organisation strategy
Stage
Status
Format
Source
Comments
Publication Status
Always
Format: Document
Source
No data available.
Comments
Annual reports are published in keeping with regular cycles.
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5. Annual report
Stage
Status
Format
Source
Comments
Publication Status
Always
Format: Document
Source
No data available.
Comments
The document in the link provided outlines the Eligibility to Use the Funds Facilities for Concessional Financing. It is reviewed in cycles of two years.
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6. Allocation policy
Stage
Status
Format
Source
Comments
Publication Status
Always
Format: Document
Source
No data available.
Comments
An IMF procurement guide for suppliers is provided.
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7. Procurement policy
Stage
Status
Format
Source
Comments
Publication Status
Always
Format: Document
Source
No data available.
Comments
Country strategy papers for all recipients are always published.
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8. Country strategy
Stage
Status
Format
Source
Comments
Publication Status
Source
No data available.
Comments
Document contains a forward looking budget covering 2015-2017.
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9. Total budget
Stage
Status
Format
Source
Comments
Publication Status
Source
No data available.
Comments
No forward-looking budgets disaggregated by country or theme could be found.
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10. Disaggregated budgets
Stage
Status
Format
Source
Comments
Publication Status
Always
Format: Document
Source
No data available.
Comments
Financial statements audited by an external auditor are published as part of the Annual Report.
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11. Audit
Stage
Status
Format
Source
Comments
Basic
Classifications
Related Documents
Financial
Performance
12. Implementer
13. Unique ID
14. Title
15. Description
16. Planned Dates
17. Actual Dates
18. Current Status
19. Contact Details
20. Collaboration Type
21. Flow Type
22. Aid Type
23. Finance Type
24. Sector
25. Sub-national Location
26. Tied Aid Status
33. Budget
34. Commitments
35. Disbursements And Expenditure
36. Budget Identifier
37. Results
38. Impact Appraisals
39. Conditions
Publication Status
Always
Format: Machine-readable
Source
No data available.
Comments
Published as 'member' in the Financial Query Tool.
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12. Implementer
Stage
Status
Format
Source
Comments
Publication Status
Not Published
Source
No data available.
Comments
This information is not explicitly stated on the website.
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13. Unique ID
Stage
Status
Format
Source
Comments
Publication Status
Always
Format: Pdf
Source
No data available.
Comments
The title is not published through the Financial Data Query Tool. However all project review documents carry in the title, the reference to the 'Three-Year Program of the Extended Credit Facility Arrangement' which is understood to be the program title.
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14. Title
Stage
Status
Format
Source
Comments
Publication Status
Always
Format: Pdf
Source
No data available.
Comments
Descriptions (minimum of 10 words) do not appear to be available through the financial data query tool. However, all project review documents carry a description of the 'Three-Year Program of the Extended Credit Facility Arrangement' which is understood to represent the activity description.
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15. Description
Stage
Status
Format
Source
Comments
Publication Status
Always
Format: Machine-readable
Source
http://www.imf.org/external/np/fin/tad/query.aspx
Comments
Available through the financial data query tool.
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16. Planned dates
Stage
Status
Format
Source
Comments
Publication Status
Always
Format: Machine-readable
Source
No data available.
Comments
Available through the financial data query tool.
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17. Actual dates
Stage
Status
Format
Source
Comments
Publication Status
Always
Format: Machine-readable
Source
No data available.
Comments
Loan disbursement and repayment recorded in detail on the financial data query tool.
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18. Current Status
Stage
Status
Format
Source
Comments
Publication Status
Always
Format: Website
Source
No data available.
Comments
Contact details can be found on the bottom of the financial query tool database.
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19. Contact details
Stage
Status
Format
Source
Comments
Publication Status
Always
Format: Pdf
Source
No data available.
Comments
Concessional financing is stated to be a multilateral effort.
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20. Collaboration Type
Stage
Status
Format
Source
Comments
Publication Status
Not Published
Source
No data available.
Comments
This information could not be found.
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21. Flow Type
Stage
Status
Format
Source
Comments
Publication Status
Always
Format: Machine-readable
Source
http://www.imf.org/external/np/fin/tad/query.aspxhttps://www.imf.org/external/np/fin/prgt/
Comments
All activities fall under PRGT concessional financing. A list of PRGT eligible countries is published.
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22. Aid Type
Stage
Status
Format
Source
Comments
Publication Status
Always
Format: Machine-readable
Source
No data available.
Comments
It appears that all PRGT facilities i.e. ECF, SCF and RCF are extended as loans. The financial data query tool also lists by transaction whether it is ECF, SCF or RCF.
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23. Finance Type
Stage
Status
Format
Source
Comments
Publication Status
Always
Format: Website
Source
No data available.
Comments
The Articles of Agreement state (Article V) that 'each member shall deal with the Fund only through its Treasury, central bank, stabilization fund, or other similar fiscal agency, and the Fund shall deal only with or through the same agencies'.
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24. Sector
Stage
Status
Format
Source
Comments
Publication Status
Not Published
Source
No data available.
Comments
Though IMF lending is national in scope, the location of the relevant bank or recipient organisation could be accepted for this indicator.
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25. Sub-national location
Stage
Status
Format
Source
Comments
Publication Status
Not Published
Source
No data available.
Comments
This information could not be found.
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26. Tied Aid Status
Stage
Status
Format
Source
Comments
Publication Status
Always
Format: Document
Source
No data available.
Comments
The 'Letter of Intent and Technical Memorandum of Understanding' describes the policies that Ghana intends to implement in the context of its request for financial support from the IMF.
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27. MoU
Stage
Status
Format
Source
Comments
Publication Status
Always
Format: Document
Source
No data available.
Comments
The IMF conducts several reviews over the life of a PRGT loan arrangement with a LIC. These reviews contain the required evaluative information.
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28. Evaluations
Stage
Status
Format
Source
Comments
Publication Status
Always
Format: Document
Source
No data available.
Comments
The 'Letter of Intent and Technical Memorandum of Understanding' describes the policies that Cote d'Ivoire intends to implement in the context of its request for financial support from the IMF.
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29. Objectives
Stage
Status
Format
Source
Comments
Publication Status
Always
Format: Document
Source
No data available.
Comments
The LOI and review documents outline the spending areas by the recipient government.
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30. Budget Docs
Stage
Status
Format
Source
Comments
Publication Status
Not Published
Source
No data available.
Comments
The IMF agreement documents if published would be accepted as equivalent. This information does not appear to be published, although summary documents of the decisions are available.
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31. Contracts
Stage
Status
Format
Source
Comments
Publication Status
Sometimes
Format: Document
Source
No data available.
Comments
There is a webpage for open tenders, but none could be found at the time of data collection.
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32. Tenders
Stage
Status
Format
Source
Comments
Publication Status
Always
Format: Pdf
Source
No data available.
Comments
This information is contained in the loan review documents.
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33. Budget
Stage
Status
Format
Source
Comments
Publication Status
Sometimes
Format: Pdf
Source
No data available.
Comments
Available in the review documents.
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34. Commitments
Stage
Status
Format
Source
Comments
Publication Status
Always
Format: Machine-readable
Source
No data available.
Comments
Available through the Financial Query Tool.
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35. Disbursements and expenditure
Stage
Status
Format
Source
Comments
Publication Status
Not Published
Source
No data available.
Comments
This information could not be found.
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36. Budget Identifier
Stage
Status
Format
Source
Comments
Publication Status
Always
Format: Pdf
Source
No data available.
Comments
Results information contained in regular review reports.
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37. Results
Stage
Status
Format
Source
Comments
Publication Status
Always
Format: Document
Source
No data available.
Comments
Risk outlooks are mentioned in the LOI and review documents.
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38. Impact Appraisals
Stage
Status
Format
Source
Comments
Publication Status
Always
Format: Document
Source
No data available.
Comments
Conditions of disbursement are available in the review documents.
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