International Monetary Fund Regional Technical Assistance Centres, phase III
The overall objective of the International Monetary Fund (IMF) Regional Technical Assistance Centers (RTACs) in Africa is to facilitate the implementation of the long-term development objectives of beneficiaries as articulated in their development and poverty reduction strategies in core areas of the IMF's expertise through building institutional and human capacity in public financial management, revenue mobilization, monetary and financial systems and statistics.
Economic and financial policy
- International Monetary Fund
|Background||The RTACs were designed as a decentralized and regional approach with the objective to strengthen the IMF's ability to meet specific country needs and to deliver technical assistance that would be more responsive to local needs and promote greater country ownership and regional expertise.|
|Objectives||The overall goal of the RTACs is to strengthen macroeconomic policies of their member countries to improve public service delivery, promote sustainable growth and reduce poverty.|
|Medium-term outcomes||Improve public financial management systems.Modernize public statistics.Strengthen monetary operations, debt management and payment systems.Promote stable and well developed financial sectors.Increase internal revenue generation.|
Expected results: Technical assistance and capacity building in five broad areas of the IMF's expertise: i) public financial management, ii) revenue administration, iii) monetary operations and debt management, iv) banking and financial sector supervision, v) statistics, covering macroeconomic, public finance and central bank statistics.
Results from previous phases: The evaluation in 2008 found that the RTACs represented a relevant, efficient and effective mode of delivering technical assistance (TA), achieved tangible results and supported countries in implementing their poverty reduction strategies. The centers distinguished themselves by their strong country ownership, use of local expertise, responsiveness to countries needs, proximity to and familiarity with beneficiary countries, and provision of rapid and flexible services. These findings confirm the relevance of the Fund’s increasingly decentralized and strategic approach to TA and validate claims that RTACs have a clear comparative advantage in delivering TA, based on the combination of strategic advice from IMF headquarters with local expertise and on the ground capacity building.
|Directorate/federal office responsible||
|Budget||Current phase Swiss budget CHF 11'400'000 Swiss disbursement to date CHF 0 Budget inclusive project partner CHF 800'000'000|
Phase 3 01.05.2009 - 30.04.2018 (Completed)