By Nemat Shafik
(Version in عربي)
Of the three main pillars of the IMF’s work, technical assistance has been a sort of middle child; it doesn’t get the attention of the oldest and youngest children, yet in many ways is the glue that holds the family together.
The other two pillars are well known: we lend money to countries in times of need and crisis, and conduct annual check-ups of their economies and financial systems, known as surveillance.
As countries around the world cope with the global economic crisis, the IMF’s technical assistance is a vital part of the work that we do to help countries prevent, prepare for and resolve crises. Technical assistance also helps countries master the form and details to govern themselves in an effective and legitimate way. (more…)
Filed under: Advanced Economies, Africa, Economic Crisis, IMF, International Monetary Fund, Low-income countries | Tagged: advanced economies, Africa, capacity building, civil society organizations, crisis prevention, donor countries, global economic crisis, IMF, International Monetary Fund, low-income countries, regional technical assistance centers, technical assistance, training | 20 Comments »