Some fascinating snippets from the IMF’s new paper on fiscal transparency

Today in my inbox is an blog post in which “Two Richards Talk Fiscal Transparency” – the Richards concerned being one current (Richard Allen) and one former (Richard Hughes) head of division in the IMF’s Fiscal Affairs Department.I’ve pulled out two interesting things from the blog post and associated paper [pdf]: the statistics showing how governments weren’t truly aware of their underlying fiscal positions before the crisis, and some of the IMF’s new proposals for its Code of Good Practices on Fiscal Transparency. NGOs take note: there’s going to be a consultation on the latter.

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