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Report on the Observance of Standards and Codes Czech Republic—Fiscal Transparency; An Update


  • International Monetary Fund


This paper presents an update to the Czech Republic’s Report on the Observance of Standards and Codes (ROSC) on Fiscal Transparency, Banking Supervision, Insurance Regulation, Securities Regulation, Payment Systems, and Monetary and Financial Policy Transparency. The Czech Republic continues to lack a comprehensive perspective on fiscal risks. Although the extension of government guarantees has dropped sharply, other forms of contingent liabilities are still not fully captured, for example, those resulting from the operations of the National Property Fund or the Czech Consolidation Agency. Moreover, there is no requirement to quantify tax expenditures.

Suggested Citation

  • International Monetary Fund, 2002. "Report on the Observance of Standards and Codes Czech Republic—Fiscal Transparency; An Update," IMF Staff Country Reports 02/169, International Monetary Fund.
  • Handle: RePEc:imf:imfscr:02/169

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    Cited by:

    1. Petr Sedláček, 2006. "Institutional Conditions of Monetary Policy Conduct in the Czech Republic," Prague Economic Papers, University of Economics, Prague, vol. 2006(2), pages 113-134.


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