South Africa: Central Bank Transparency Code Review

Author: International Monetary Fund. Monetary and Capital Markets Department

Volume/Issue: Volume 2024 Issue 320

Publication date: December 2024

ISBN: 9798400294983

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Finance , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Business and Financial , Liquidity , Lender of last resort , Financial sector stability , Monetary policy frameworks , Macroprudential policy , Financial statements , International reserves , Internal audit , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Auditing

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Summary

The South African Reserve Bank (SARB) sets a high benchmark for transparency and is considered by the external stakeholders one of the most reputable and effective public institutions in South Africa, and globally. The SARB’s transparency practices are broadly aligned with expanded and comprehensive practices as defined by the IMF Central Bank Transparency Code (see Table 1). The SARB’s commitment to open and transparent communications, as embedded in its 2025 Strategic Plan, is highly valued by its external stakeholders.