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Guidance Note on Information Sharing Between IMF and World Bank Staff (English)

This Guidance Note outlines good practices on information-sharing across key areas in which the Bank and the IMF interact. It is based on the existing policies and legal frameworks of the two institutions and builds on an already strong track record of collaboration. The tangible benefits from better information sharing are well established and recognized. These include maximizing synergies between the two institutions’ respective areas of comparative advantage, so as to ensure consistency in policy advice and improve policy traction in member countries where both institutions are substantively involved. Bank-Fund information sharing is governed by prior understandings reached between the two institutions as well as distinct legal frameworks in each institution. The 1989 Concordat between the Bank and the Fund (and subsequent refinements such as the Joint Management Action Plan (JMAP)) provide the umbrella framework guiding information sharing. At the Bank, the Information Classification and Control Policy and the Access to Information Policy also determine how the Bank may share non-public information with an external party, such as the Fund. At the Fund, the Fund’s Information Security Policies provide guidance to staff on rules governing the handling and sharing of information within the institution, but also informs the decision as to when to share the material with parties outside the Fund. The note outlines general principles consistent with these frameworks and discusses how the staffs of the two institutions are expected to exchange information related to country operations, technical assistance, and policy work. These include active participation, where possible, in relevant internal review processes and key meetings at the other institution, routine sharing of country data, systematic upstream exchange of views, cross-mission participation, easy access to TA reports prepared by the other institution, and sharing of rosters of long-term experts.

Details

  • Author

    International Monitoring Fund World Bank

  • Document Date

    2021/12/31

  • Document Type

    Report

  • Report Number

    168946

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    World,

  • Region

    The World Region,

  • Disclosure Date

    2022/02/28

  • Disclosure Status

    Disclosed

  • Doc Name

    Guidance Note on Information Sharing Between IMF and World Bank Staff

  • Keywords

    Operational Policy and Country Services; Financial Sector Reform and Strengthening Initiative; Fragile & Conflict-Affected States; Tax Policy and Administration; public investment management; areas of tax policy; Monetary and Capital Markets; Public Finance Management; Quarterly External Debt Statistics; Quarterly Public Sector Debt; draft policy; access to information technology; effective information sharing; exchange of information; Social Safety Nets; lack of awareness; capacity development activity; lines of communication; absence of agreement; trade and investment; multilateral development bank; exchange rate projections; flow of information; quality of bank; public private; area of governance; quality of outputs; paper production process; existing legal framework; fiscal capacities; Public Financial Management; duplication of efforts; exchanges of view; financial sector stability; analytical and advisory; letter of intent; Investment Project Financing; legal framework governing; Development Policy Financing; control of information; Learning and Innovation Credit; program review; institutional policy; security classification; confidential information; confidential nature; country operations; macroeconomic framework; good information; sector work; special regime; meeting attendance; fund information; confidentiality requirement; joint activities; global work; Economic Policy; external provider; public debt; information handling; expenditure policy; analytical tool; Macroeconomic Vulnerability; annual meetings; personnel change; best practice; fiscal affair; regular meetings; information flow; fiscal information; comparative advantage; debt issue; recipient institution; classification system; active participation; internal review; electronic platform; board meeting; operational documents; cost-effective option; Macroeconomic Stability; institutional position; standard language; fund operations; timely access; several countries; Debt Policy; privileged access; poverty diagnostic; risk aversion; personal relations; board papers; prudent use; draft form; explicit approval; information provider; joint product; national authority; Virtual Meeting; framework agreement; fragile states; increased cooperation; Social Protection; policy work; economic diversification; staff survey; standard practice; technical cooperation; macro framework; analytic model; raise awareness; subject area; consultation meeting; joint responsibilities; staff reports; liaison committee; executive board; continuous basis; confidentiality protocol; unpublished documents; time lag; staff benefit; global policy; existing resources; regular exchanges; efficiency gain; liquidity pressure; Macroeconomic Policy; common sense; objective criterion; Financial Stability; Labor Market; public domain; joint mission; fund resources

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Citation

International Monitoring Fund World Bank

Guidance Note on Information Sharing Between IMF and World Bank Staff (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/780681645634519627/Guidance-Note-on-Information-Sharing-Between-IMF-and-World-Bank-Staff