The IMF is to release the minutes of its board meetings with a time lag of three years, compared with five years currently, despite conceding that the risks of doing so are hard to judge.

The reduced time lag will not apply to meetings where the use of fund resources (UFR) or a policy support instrument (PSI) was discussed. The executive board, which made the final decision, agreed with a staff assessment that found most information that remained sensitive after three years was in the minutes of