IMF staff regularly produces papers proposing new IMF policies, exploring options forreform, or reviewing existing IMF policies and operations. The Report prepared by IMF 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 and The IMF’s transparency policy allows for the deletion of market-sensitive informationand premature disclosure of the authorities’ policy intentions in published staff reports 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 Financial 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 as The delay measures the lag from the expected date of completion of the next Article IV consultation. For Venezuela, Syria,Yemen, Iran, and Belarus the calculation of delays includes the 12-month freeze due to the COVID-19 pandemic, applicable to 5/IMF dealings with Afghanistan, Myanmar, and Venezuela remain paused as these countries do not have any governmentrecognized by the international community.6/The IMF staff held the 2021 Article IV discussions with the authorities in December 2021, but the staff report was not issued to the Board as war-related developments rendered the economic analysis obsolete. Considerations are ongoing. LIST OF IMF MEMBER COUNTRIES WITH DELAYED ARTICLE IVS 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 delay •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), •Further discussions: Delayed due to further discussions with the authorities on economic •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, •Staffing constraints. •Authorities’ request: Delayed at the request of the authorities due to, for example, their •No agreement on mission dates/modalities: There was no agreement on the modalities for •Miscellaneous: Includes reasons not accommodated above.