A large number of international standards and codes of good practice have been agreed upon, covering such different fields as transparency in fiscal policy or monetary and financial policies, banking supervision, corporate governance, accounting and auditing.
The Paris Club has in turn also taken steps to increase the transparency of its procedures, for instance by convening meetings with private sector representatives and by providing comprehensive information on its website. Turning to crisis management and resolution, I would argue that important lessons have been learnt from past experiences.