IMF publishes transparency code for central banks
Updated framework aims to help central banks rank themselves against best practice
The International Monetary Fund’s executive board has adopted a voluntary code that helps central banks assess their transparency against best practices.
The central bank transparency code sets out five key “pillars” of operations, building on the IMF’s 1999 monetary and financial policies transparency code.
The IMF describes the code as “a comprehensive set of principles and practices that apply to all central banks, regardless of their mandates, governance frameworks, and institutional
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