Important progress in this area includes the establishment of the Special Data Dissemination Standard of the IMF and the release of Public Information Notices following the conclusion of the Article IV consultation process between the IMF and member countries.
It is agreed that greater transparency will enhance the understanding  BIS Review 92/2000  2  by the public of economic policy measures of government, strengthen credibility and make market participants less uncertain in their decision-making. The second area is the creation of internationally accepted practices.