Staff proposal to update the monetary and financial policies transparency code published by IMF (5/2019).“The 1999 IMF Code of Good Practices on Transparency in Monetary and Financial Policies (MFPT) provides guidance for policy transparency.1 The MFPT (one of the Key Standards developed by the IMF) identifies desirable transparency practices for central banks in their conduct of monetary policy, and for central banks and other financial agencies in their conduct of financial policies. It defines transparency as an environment in which the objectives of policy; its legal, institutional, and economic framework; policy decisions and their rational; data and information related to monetary and financial policies; and, the terms of agencies’ accountability are provided to the public on an understandable, accessible and timely basis…”
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