On September 19, 2018, the Department of State released the 2018 Fiscal Transparency Report, consistent with section 7031(b) of the Department of State, Foreign Operations, and Related Programs Appropriations Act, 2018 (Div. K, P.L. 115-141) (Act).
This report describes the minimum requirements of fiscal transparency developed, updated, and strengthened by the Department in consultation with other relevant federal agencies; reviews governments that were originally identified as recipients of assistance in the 2014 Fiscal Transparency Report plus Equatorial Guinea; assesses those that did not meet the minimum fiscal transparency requirements; and indicates whether governments that did not meet the minimum fiscal transparency requirements made significant progress toward meeting the requirements during the review period of January 1 – December 31, 2017. The report also provides a description of the use of the Fiscal Transparency Innovation Fund.
Conclusions of Review Process
The Department concluded that, of the 140 governments evaluated pursuant to the Act plus Equatorial Guinea, 68 did not meet the minimum requirements of fiscal transparency. Of these 68, however, 11 governments made significant progress toward meeting the minimum requirements of fiscal transparency.
The Department assessed the following governments as meeting the minimum requirements of fiscal transparency for 2018: Afghanistan, Albania, Argentina, Armenia, The Bahamas, Bosnia and Herzegovina, Botswana, Brazil, Bulgaria, Burkina Faso, Cabo Verde, Chile, Colombia, Costa Rica, Côte d’Ivoire, Croatia, Czech Republic, El Salvador, Estonia, Fiji, Georgia, Ghana, Greece, Guatemala, Guyana, Honduras, India, Indonesia, Israel, Jamaica, Jordan, Kazakhstan, Kenya, Kosovo, Kyrgyz Republic, Latvia, Lithuania, Macedonia, Malaysia, Malta, Marshall Islands, Mauritius, Mexico, Moldova, Mongolia, Montenegro, Morocco, Namibia, Nepal, Panama, Paraguay, Peru, Philippines, Poland, Portugal, Romania, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, South Africa, Sri Lanka, Thailand, Timor-Leste, Tonga, Trinidad and Tobago, Tunisia, Turkey, Uganda, and Uruguay.
The full Report can be found on the Department’s website at
http://www.state.gov/e/eb/ifd/oma/fiscaltransparency/.
