It needs to be mentioned that immediate market reactions to sensitive information may have serious implications on members’ efforts to address a problem in hand or their plans for addressing an impending crisis.
Our view is that the Fund should preserve its role as a confidential adviser and the Fund’s assessment should be to help national authorities in reducing the recognition lag and recommending measures that could help in containing vulnerability. However, we are not opposing the dissemination of relevant information giving due consideration to the specific circumstances that members and the Fund are dealing with.