Regional technical assistance centers have gradually evolved to play a major role in IMF technical assistance. These centers, which are largely donor financed, have become important vehicles for helping countries carry out economic reforms.
Their objective is to assist countries in designing and implementing their poverty reduction and broader developmental strategies and help countries integrate into the world economy.
For example, they help strengthen public financial management, and so improve governance and transparency, facilitating donors’ use of budget support instruments. They help improve tax and customs administration, providing an environment that is more conducive to investment and growth, increasing the resource envelope for poverty reducing spending and reducing the opportunities for corruption. At the same time, such reforms facilitate trade and enable countries to take better advantage of the forces of globalization.
Filed under: Africa, Asia, concessional lending, Economic Crisis, International Monetary Fund, Latin America, Low-income countries | Tagged: budget support, Globalization, policy coordination, poverty reduction, regional integration, technical assistance | 2 Comments »