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

International Monetary Fund

No 2024/014, IMF Policy Papers from International Monetary Fund

Abstract: 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.

Keywords: Capacity Development; Technical Assistance; Training; Institution; Priorities; Evaluation; Impact; Field Presence; Regional Capacity Development Center; Background Papers; CD personnel structure; CD priority; CD financing initiative; CD Strategy Review; CD governance; CD integration; CD relative; CD partner; strategy review; CD model; CD efficiency; CD stabilization mechanism; Comparative advantage; Artificial intelligence; Revenue mobilization; Climate change; Global (search for similar items in EconPapers)
Pages: 81
Date: 2024-04-09
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