I would like to talk about one of the IMF’s core mandates that is highly successful but rarely grabs headlines: technical assistance for capacity building.
Although less glamorous than the surveillance and lending operations of the Fund, for many countries these advisory services in areas such as macroeconomic policy, public financial management, tax policy and revenue administration, financial sector supervision, or statistics are indispensable. They help IMF member countries identify weaknesses in policies and institutional frameworks, develop concrete reform proposals and strategies, and put together the nuts and bolts for translating the IMF’s policy advice into concrete implementation of reforms.
Filed under: Africa, IMF, International Monetary Fund, Low-income countries, Multilateral Cooperation | Tagged: Antoinette Sayeh, capacity building, Carlo Cotarelli, financial sector supervision, public financial management, statistics, tax policy, technical assistance | Leave a Comment »
