Category Financial Sector Assessment

Annex 10.A Code of Good Practices on Transparency in Monetary and Financial Policies

The Code of Good Practices on Transparency in Monetary and Financial Policies (MFP Transparency Code) consists of a set of good transparency practices for central banks and monetary authorities (I—IV) and for financial agencies (V-VIII), which are outlined in this Annex.

1. Clarity of Roles, Responsibilities, and Objectives of Central Banks for Monetary Policy

1.1 Подпись: 10calls for the ultimate objectives and institutional framework to be clearly defined in law or regulation, including responsibilities, modalities of accountability, and proce­dures for appointments and overriding decisions.

1.2 deals with the institutional relationship between monetary policy and fiscal opera­tions, including disclosure of advances to the government, bond market participation, and profit allocation.

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