Transparency practices ‘are improving’

The transparency of the Government’s public finances is approaching international standards, but requires more work, especially in the area of national budgets, says the IMF.

The assessment was delivered by the IMF on the basis of its revised transparency requirements and Ireland offered to take part in the pilot programme, applying the new standards.

The results, which were positive overall following extensive changes in recent years, should add to the country’s credibility with markets and investors.