Update on the Fiscal Transparency Initiative / International Monetary Fund.

Format:

Book

Author/Creator:

International Monetary Fund, author, issuing body.

Series:

Policy Papers ; No.14/032.

Policy Papers ; No.14/032

Language:

English

Subjects (All):

Fiscal policy.

Physical Description:

1 online resource (32 pages) : illustrations.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2014.

Summary:

This paper provides an update on staff's work on a new Fiscal Transparency Code (FTC) and experiences with the initial pilot Fiscal Transparency Evaluations (FTE), the ground work for which was laid in a 2012 paper "Fiscal Transparency, Accountability, and Risk." Both are part of ongoing efforts by the Fiscal Affairs Department, in cooperation with other departments, to strengthen the Fund's fiscal surveillance and capacity building. The new FTC and FTE reflect the lessons of the recent crisis, incorporate developments in international standards, and build on feedback from consultations with stakeholders.

Contents:

Background New Fiscal Transparency Code A. Structure of the New Fiscal Transparency Code B. Differences from the 2007 Code C. Complementarity with Other Standards FISCAL TRANSPARENCY EVALUATIONS A. Pilot Fiscal Transparency Evaluations B. Differences with the Fiscal ROSC C. Some Findings of the FTE Pilots Next Steps and Resourcing A. Next Steps B. Resource Implications Figures 1. Architecture of the Revised Fiscal Transparency Code 2. Summary Results of Eight FTE Pilots 3. Examples of FTE Findings ANNEX I. The Fiscal Transparency Code II. Fiscal Transparency Evaluations III. Sample FTE Heatmap for Russia.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

9781498383851

1498383858