Reports on the Observance of Standards and Codes (ROSCs)
ROSCs summarize the extent to which countries observe certain internationally recognized standards and codes. The IMF has recognized 12 areas and associated standards as useful for the operational work of the Fund and the World Bank. These comprise accounting; auditing; anti-money laundering and countering the financing of terrorism (AML/CFT); banking supervision; corporate governance; data dissemination; fiscal transparency; insolvency and creditor rights; insurance supervision; monetary and financial policy transparency; payments systems; and securities regulation; AML/CFT was added in November 2002. Reports summarizing countries' observance of these standards are prepared and published at the request of the member country. They are used to help sharpen the institutions' policy discussions with national authorities, and in the private sector (including by rating agencies) for risk assessment. Short updates are produced regularly and new reports are produced every few years.
Last Updated: August 23, 2023
By Country | By Date | By Topic
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Afghanistan, Islamic Republic of Back to Top
Title: Islamic Republic of Afghanistan: Report on Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
Date: November 4, 2011
Albania Back to Top
Title: Albania: Report on Observance of Standards and Codes-FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
Date: July 19, 2011
Title: Albania: Report on the Observance of Standards and Codes—Data Module, Response by the Authorities, and Detailed Assessments Using the Data Quality Assessment Framework
Date: October 31, 2006
Title: Albania: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision and Payment Systems
Date: August 9, 2005
Title: Albania: Report on Observance of Standards and Codes-Fiscal Transparency
Date: July 8, 2003
Algeria Back to Top
Title: Algeria: Report on the Observance of Standards and Codes-Fiscal Transparency Module
Date: March 1, 2005
Title: Algeria: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency and Banking Supervision
Date: May 17, 2004
Anguilla, United Kingdom-British Overseas Territory Back to Top
Title: Eastern Caribbean Central Bank: Report on Observance of Standards and Codes: Data Module, Response by the Authorities, and Detailed Assessment Using the Data Quality Assessment Framework (DQAF)
Date: August 21, 2007
Antigua and Barbuda Back to Top
Title: Antigua and Barbuda: Report on Observance of Standards and Codes—Basel Core Principles for Effective Banking Supervision—-Offshore Banking
Date: December 7, 2004
Argentina Back to Top
Title: Paraguay: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
Date: July 31, 2009
Armenia, Republic of Back to Top
Title: Armenia: Report on Observance of Standards and Codes-FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
Date: January 11, 2010
Title: Republic of Armenia: Report on the Observance of Standards and Codes: Data Module, Response by the Authorities, and Detailed Assessment Using the Data Quality Assessment Framework (DQAF)
Date: February 10, 2009
Title: Republic of Armenia: Report on the Observance of Standards and Codes-Fiscal Transparency Module
Date: March 4, 2002
Title: Republic of Armenia: Report on Observance of Standards and Codes—Data Module and Detailed Assessments Using the Data Quality Assessment Framework
Date: January 16, 2002
Australia Back to Top
Title: Australia: Report on the Observance of Standards and Codes (ROSC)—Summary Assessments
Date: November 15, 2012
Title: Australia: Report on the Observance of Standards and Codes-Data Module
Date: November 30, 2010
Title: Australia: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
Date: November 20, 2006
Title: Australia: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Insurance Regulation, Securities Regulation, and Payment Systems
Date: October 23, 2006
Austria Back to Top
Title: Austria: Report on Observance of Standards and Codes-FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
Date: December 1, 2009
Azerbaijan, Republic of Back to Top
Title: Republic of Azerbaijan: Report on the Observance of Standards and Codes: Data Module, Response by the Authorities, and Detailed Assessment Using the Data Quality Assessment Framework (DQAF)
Date: August 7, 2008
Title: Azerbaijan Republic: Report on Observance of Standards and Codes-Fiscal Transparency Module-Update
Date: June 6, 2003
Title: Azerbaijan Republic: Report on the Observance of Standards and Codes (ROSC)—Data Module
Date: March 31, 2003
Data Quality Assessments in Data Module ROSCs
Data Module ROSCs have included a substantial data quality assessment component since early 2001. This assessment is based on the Data Quality Assessment Framework (DQAF). The July 2003 version of the DQAF was introduced at the Fifth Review of the Fund's Data Standards Initiatives. It supersedes earlier versions of the DQAF to reflect experience and developments in international methodological standards and generally accepted good statistical practices. Accordingly, ratings for ROSCs using the July 2003 version of the DQAF are not necessarily directly comparable with ROSCs using earlier versions. The July 2003 version also is now used in Data Module ROSC updates for countries that originally were assessed using earlier versions.