Review of the Fund’s Capacity Development Strategy—Towards a More Flexible, Integrated, and Tailored Model

April 9, 2024

Preview Citation

Format: Chicago

Review of the Fund’s Capacity Development Strategy—Towards a More Flexible, Integrated, and Tailored Model, (USA: International Monetary Fund, 2024) accessed November 21, 2024

Summary

Capacity Development (CD), comprising technical assistance and training, fosters economic development by improving human capital and institutions in member countries. Every five years, the IMF reviews its CD Strategy to ensure that CD continues to be of high quality and well-focused on the needs of its members. This review calls for CD to become more flexible, integrated with the Fund’s policy advice and lending, and tailored to respond to member needs. The review benefitted from the recent independent evaluation of the Fund’s CD and a wide range of inputs, including internal and external consultations, surveys of recipients and development partners, staff background studies and recommendations of an External Advisory Group. The vision for CD is informed by the Fund’s comparative advantages and surveillance priorities. The proposals of the current review center around the six key areas: (1) strengthening CD prioritization and integration; (2) enhancing the funding model; (3) strengthening monitoring and evaluation; (4) modernizing modalities; (5) enhancing field presence; and (5) strengthening human resources policies for staff working on CD.

Subject: Artificial intelligence, Climate change, Comparative advantage, Environment, Fiscal policy, International trade, Monetary policy, Political economy, Revenue mobilization, Technology

Keywords: Artificial intelligence, Background Papers, Capacity Development, CD efficiency, CD financing initiative, CD governance, CD integration, CD model, CD partner, CD personnel structure, CD priority, CD relative, CD stabilization mechanism, CD Strategy Review, Climate change, Comparative advantage, Evaluation, Field Presence, Global, Impact, Institution, Priorities, Regional Capacity Development Center, Revenue mobilization, Strategy review, Technical Assistance, Training

Publication Details

Pages:

81
Volume:

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DOI:

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Issue:

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Series:

Policy Paper No. 2024/014
Stock No:

PPEA2024014
ISBN:

9798400270697
ISSN:

2663-3493

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