ABSTRACT
In recent years, considerable progress has been made toward enhancing the transparency of the International Monetary Fund (IMF). Most of the secrecy has been lifted from the policies it pursues, the reasons behind these policies, and the conditions the Fund imposes for members’ access to its credit facilities. The IMF’s findings in its consultations with members under Article IV of the Articles of Agreement are, for most members, published in a regular series of Public Information Notices, and a pilot project has been started to publish the consultation reports themselves. The Fund also publishes the Letters of Intent in which members seeking credit from the Fund spell out their policy undertakings. Delays imposed on access to the minutes of board meetings and other source material have been greatly reduced.
