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IMF staff regularly produces papers proposing new IMF policies, exploring options forreform, or reviewing existing IMF policies and operations. The Report prepared by IMFstaff and completed on February 24, 2026, has been released. The staff report was issued to the Executive Board for information. The report wasprepared by IMF staff. The views expressed in this paper are those of the IMF staff anddo not necessarily represent the views of the IMF's Executive Board. The IMF’s transparency policy allows for the deletion of market-sensitive informationand premature disclosure of the authorities’ policy intentions in published staff reportsand other documents. Electronic copies of IMF Policy Papersare available to the public fromhttp://www.imf.org/external/pp/ppindex.aspx International Monetary FundWashington, D.C. Appendix I. List of IMF Member Countries With Delays inCompletion of Article IV Consultations or Mandatory FinancialStability Assessments Over 18 Months In line with the framework for addressing excessive delays in the completion of Article IVconsultations, the following table lists the IMF members for whom the Article IV consultation hasbeen delayed by more than 18 months as of December 31, 2025. Relative to the list published in July2025, there has been one addition (Argentina) and one deletion (Liberia).1/The delay is counted asthe time elapsed from the stipulated date for the consultation plus any applicable grace period. Asof December 31, 2025, no IMF member has its mandatory financial stability assessment delayed bymore than 18 months. Note: Taxonomy of the Reasons for Delays of Article IV Consultations Article IV consultations are delayed for a variety of reasons. For the purpose of monitoring delays, Fundstaff groups the reasons into the following categories. It should be recognized, however, that a delaymay have more than one reason. •Program-related issues: Delayed (i) in order to combine the consultation with a request for useof Fund resources (UFR), Policy Support Instrument (PSI), Policy Coordination Instrument (PCI),or program review; or (ii) due to ongoing discussions on UFR, PSI, or PCI, or continued work onprogram review. •Further discussions: Delayed due to further discussions with the authorities on economicdevelopments and policies. •Political/security situation: Delayed due to the unsettled political and/or security situation. •Government change: Delayed due to forthcoming or recent elections, change of government,or changes within government. •Staffing constraints. •Authorities’ request: Delayed at the request of the authorities due to, for example, theirinability to host the mission as a result of their work schedule. •No agreement on mission dates/modalities: There was no agreement on the modalities forthe mission/the authorities have not communicated dates for the Article IV consultation mission. •Miscellaneous: Includes reasons not accommodated above.