Switzerland – through its State Secretariat for Economic Affairs SECO Economic Cooperation and Development – hosted the 2024 Steering Committee of the Financial Sector Stability Fund (FSSF) in Bern in July. The FSSF is central to the IMF’s delivery of capacity development on financial sector stability issues. Strong financial sector frameworks increase macroeconomic resilience and help mitigate costs of financial crises. Franziska Spörri, Head of the Macroeconomic Support Division at SECO and FSSF Steering Committee Chair, explains why Switzerland is a long-standing development partner 💬. Find out more on the FSSF on its dedicated webpage https://lnkd.in/eEK9fFbQ and through SECO's factsheet https://lnkd.in/ekC-StqK. State Secretariat for International Finance SIF Kawano Shimpei Teresa Curristine IMF Market Insights
IMF Capacity Development
International Trade and Development
Washington, District of Columbia 30,757 followers
Building stronger institutions and skills for better macroeconomic policy making.
About us
One of the International Monetary Fund's (IMF) mandates is to promote economic stability and sustainable growth in its 190-member countries. With this in mind, the main objective of the IMF’s Capacity Development (CD) activities—technical assistance and training—is to help member countries build strong institutions and boost skills to formulate and implement sound macroeconomic and financial policies. Some of these activities also aim to deepen the dialogue between the IMF and country experts on technical aspects of macroeconomic and financial issues. They complement formal discussions between country officials and the Fund staff on the economic policies needed to stabilize the economy and spur jobs and growth. In going about these activities, the IMF works in partnership both with countries that receive technical assistance and training and with the many partners around the world whose financial support enables the Fund to provide these services. Against this backdrop, this page is dedicated to provide a platform for sharing information with Fund followers and CD beneficiaries, help the IMF gain a better understanding of stakeholders’ interests and needs by providing effective channels for two-way communication, and facilitate collaboration and networking among recipients of CD.
- Website
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https://www.imf.org/Capacity-Development
External link for IMF Capacity Development
- Industry
- International Trade and Development
- Company size
- 201-500 employees
- Headquarters
- Washington, District of Columbia
Updates
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"It is critical that financial stability is anchored on robust legal, regulatory, supervisory, and resolution frameworks informed by sound data collection, analysis, and reporting", said Felicia Dlamini-kunene, Deputy Governor of the Central Bank of Eswatini in the margins of the Steering Committee of the IMF's Financial Sector Stability Fund (FSSF) which took place in Bern, Switzerland, in July 2024. The IMF thanks the Deputy Governor for explaining how the Central Bank has benefitted from technical assistance delivered by the IMF through the FSSF, thanks to the generous contributions of its development partners. Find out more on the FSSF at https://lnkd.in/eEK9fFbQ #IMFPartners Bundesministerium der Finanzen SECO Economic Cooperation and Development Foreign, Commonwealth and Development Office Ministry of Finance, Luxembourg European Investment Bank (EIB) Sida Kawano Shimpei Sangeeta Nambi Franck Bousquet Peter Kunzel Teresa Curristine
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Our latest technical assistance reports include: - Central Bank Strategic Planning (Seychelles): assistance provided by the IMF to the Central Bank of the Seychelles in reviewing and updating its strategic plan, in line with international best practices for central banks https://lnkd.in/eXi5fcbN - Central Bank Risk Management (Samoa): assistance provided by the IMF to the Central Bank of Samoa on enhancing its risk management in line with international best practices for central banks https://lnkd.in/eE6969R2 - Central Bank Risk Management (Solomon Islands): assistance provided by the IMF to the Central Bank of Solomon Islands on enhancing its risk management in line with international best practices for central banks https://lnkd.in/ekh7NPBM - Improving the Business Surveys and the Nowcasting Framework at the Central Bank of Kenya, CBK (Kenya): improving the CBK’s business surveys and strengthen its nowcasting framework for GDP and CPI inflation https://lnkd.in/e5EBtEnD Find out more on our technical advice at https://lnkd.in/eM9xJidY International Monetary Fund IMF Market Insights Thorvald Grung Moe Taylor Webley Jianping Zhou Lina Karaoglanova
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On July 31, 2024, the IMF's South Asia Regional Technical Assistance and Training Center (SARTTAC) held its 8th annual Steering Committee meeting in its host city of New Delhi, India. Member countries and development partners expressed appreciation for capacity development delivered by SARTTAC and supported the continuation of strong SARTTAC engagement in the region. SARTTAC has strongly contributed to strengthen capacity in the South Asia region: from training public officials from Bangladesh, Bhutan, India, Maldives, Nepal, and Sri Lanka on a wide range of macroeconomic issues and challenges as climate change and gender equality, to supporting Maldives in preparing its first Medium-Term Revenue Strategy and enhancing cash management in Sri Lanka, strengthening risk-based supervision in Bangladesh and updating the base year of GDP in Bhutan. The IMF thanks SARTTAC's host country, India, its member countries (Bangladesh, Bhutan, India, Maldives, Nepal, and Sri Lanka), and its development partners (Australia, European Union, Korea, and the United Kingdom) for their commitment and support to the center. Find out more on SARTTAC at https://www.sarttac.org/ European Commission DFAT Foreign, Commonwealth and Development Office Giorgia Albertin Krishna Srinivasan Dominique Desruelle Franck Bousquet Michaela Erbenova Andrew Berg Peter Kunzel Apoorba Mitra
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Over the past 20 years, the IMF's regional technical assistance center for East Africa (AFRITAC East) has provided impactful capacity development aimed at building capacity in member countries for sound macroeconomic management, strong fiscal institutions and public financial management systems and practices, and the timely and accurate collection and dissemination of economic and financial statistics. AFRITAC East’s activities, generously financed by development partners and supervised by IMF headquarters, have focused on hands-on implementation; these activities are coordinated with IMF headquarters’ support, which is mainly in the form of diagnostics and strategic reform plans. Despite challenges posed by the COVID-19 pandemic and political instabilities in some cases, many countries in the region have made remarkable progress. Find out more in the recent report on AFRITAC East's https://lnkd.in/e7QAYdsC xiangming li Dominique Desruelle Franck Bousquet Peter Kunzel Daniela T. Justin Tyson
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Based in Dar es Salaam, Tanzania, the IMF's regional technical assistance center for East Africa (AFRITAC East) helps its member countries build macroeconomic capacity. Its current priorities include: - rebuilding fiscal buffers and reducing debt through both revenue efforts and spending efficiency - supporting countries transition to an interest rate-based monetary policy framework - strengthening financial sector supervision - enhancing the frequency, timeliness, coverage, and quality of fiscal and real sector statistics From July 10 to 11, 2024, AFRITAC East conducted its 26th Steering Committee meeting, which reviewed the workplan for the fiscal year 2024 and endorsed the work program and budget for the fiscal year 2025. Mr. Albert Mwenda chaired the meeting on behalf of the Principal Secretary of the National Treasury of Kenya. Dr. Natu El-maamry Mwamba, the Permanent Secretary of the Ministry of Finance and Planning of Tanzania, welcomed the participants to Dar es Salaam. The seminars covered various thematic topics, including climate risk management, financing for sustainable development goals, managing cyber threats to financial stability, challenges in implementing monetary policy, and utilizing data to enhance tax collection. Find out more on AFRITAC East's activities reading the center's annual report for fiscal year 2024: https://lnkd.in/e8rH55uT Ministry of Finance-Tanzania Ministerie van Buitenlandse Zaken Bundesministerium der Finanzen SECO Economic Cooperation and Development Foreign, Commonwealth and Development Office Norad - Norwegian Agency for Development Cooperation European Commission xiangming li Franck Bousquet Daniela T. Michaela Erbenova
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In this IMF Summer School session, a preview of the course "Virtual Training to Advance Revenue Administration: Performance Management" module, you will learn how to set realistic and measurable goals at all organizational levels in a tax administration. We have an online course available that covers this topic in more detail. The course is a joint initiative of four international organizations: Inter-American Center of Tax Administrations (CIAT), Intra-European Organisation of Tax Administrations (IOTA), International Monetary Fund (IMF), and Organisation for Economic Co-operation and Development (OECD). - If you are a government official, register here: https://lnkd.in/geXkfm7S - If you are a member of the general public, register here: https://lnkd.in/gUajT4Xj - Learn more about the IMF's massive open online courses here: https://lnkd.in/eFCdabXz
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While the design of public investment management systems in sub-Saharan Africa can overall be characterized as medium in terms of their average strength, the average effectiveness across the region is lagging. The key bottlenecks are commonly found in project appraisal, project selection, multi-year budgeting, maintenance funding, and the monitoring of public assets. The IMF's Fiscal Affairs Department and regional technical assistance centers in Africa held a regional workshop in Nairobi, Kenya, gathering 43 officials from 19 countries. The workshop brought together senior officials including Heads of Public Investment Units, Public Private Partnership Offices, Planning Commissions, and senior budget officials from Anglophone sub-Saharan African countries to develop and exchange knowledge with peers and IMF experts on public investment management. The workshop was made possible thanks to financial support from the Government of Japan, via the Infrastructure Governance Facility. Find out more in this IMF Public Financial Management Blog by Ian Hawkesworth Eivind Tandberg, Kubai Khasiani, Amitabh Tripathi, and Jeff Lam https://lnkd.in/egsxwT3q Ministry of Finance - Japan
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At the request of the authorities of Suriname, a technical assistance mission from the International Monetary Fund visited Paramaribo, Suriname to continue work to assist the authorities to strengthen Suriname’s anti-money laundering and combating the financing of terrorism (AML/CFT) legal framework and the Central Bank of Suriname (CBvS) and the Gaming Control Board Suriname to develop a risk-based approach to AML/CFT supervision. The mission was undertaken in the context of a capacity development project supported by the AML/CFT Thematic Fund that assisted the authorities to enact a new AML/CFT law in November 2022 and amend AML/CFT secondary legislation and related components of sectoral legislation. During the mission, staff discussed the authorities’ continued initiatives to strengthen the legal framework and the existing supervisory arrangements in place at the CBvS. Staff’s main work during the mission focused on reviewing further amendments made to the AML/CFT law, and a directive developed by the CBvS. Staff also proposed amendments to a newly developed AML/CFT supervision manual and the set-up of an institutional money laundering/terrorism financing (ML/TF) risk matrix as key components of the CBvS’ AML/CFT supervisory framework. Read the full report at https://lnkd.in/eSJiTka4 Ian Carrington Marijn Verhoeven Chady El Khoury Daniela T. Central Bank of Suriname
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Sierra Leone faces significant climate-related challenges, including rising temperatures, unpredictable precipitation patterns, and increased risks of extreme weather events, which threaten its infrastructure and coastal communities. The International Monetary Fund provided technical assistance, with financial support from the Government of Japan, to assess Sierra Leone's public investment management through the Climate Module of the Public Investment Management Assessment (C-PIMA). Sierra Leone was found to perform moderately well in some areas of the C-PIMA, but there were key gaps in other areas, often linked to weaknesses in the underlying public investment management framework. The assistance found that addressing these persisting core public investment management challenges is a prerequisite for effective climate-sensitive public investment management https://lnkd.in/epphPZDb Ministry of Finance - Japan Bryn Battersby Isabela Duarte phyllis makau June A. Clare Nyakahuma Nompumelelo Radebe Ilyas Tufan
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