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04/04/2025

The mission of the International Monetary Fund (IMF) has reported that the transparency of the CBCG’s legal framework, its mandate, autonomy, and decision-making arrangements have all been strengthened over time and that the CBCG has been committed to aligning itself with international best practices.

The IMF’s report on applying the Central Bank Transparency Code Review (TCR) at the CBCG notes that the CBCG has already implemented several of the IMF’s recommendations and is actively working on further improvements in this area.

The report was published following a detailed TCR Review conducted at the request of the CBCG in September 2024. The CBCG initiated this assessment to enhance transparency and accountability towards key stakeholders and improve its policies’ efficiency and visibility.

The CBCG is among the first central banks to undertake this type of review on its initiative, being one of only nine central banks in the world to participate in this IMF programme. This further underscores the CBCG’s commitment to the highest possible level of transparency and compliance with international standards.

Most of the IMF’s recommendations coincide with the goals outlined in the CBCG Strategic Plan CBCG 2025‒2028, which highlights transparency as a core value and recognises building trust in the CBCG and delivering value to society as a key strategic objective.

The report is available on the CBCG website.