When Does Capacity Development Achieve Good Outcomes? Evidence from the IMF Results-Based Management Data

Antonio Bassanetti

No 2021/285, IMF Working Papers from International Monetary Fund

Abstract: Capacity development is one of the IMF’s core activities. Its impact is monitored through a Results-Based Management framework. Using for the first time the resulting dataset, the paper investigates how the likelihood of achieving targeted outcomes correlates with macroeconomic conditions and project-specific characteristics. Results indicate a positive correlation with per capita GDP growth and the involvement of resident advisors and regional centers. Results also confirm lower chances of achieving targeted outcomes for fragile, conflict-affected, and small states as well as in complex projects. These findings inform Fund CD strategy, prioritization and delivery to help member countries achieve better outcomes.

Keywords: Capacity Development; Evaluation; Results-Based Management; outcome rating; core activity; CD Project design; results chain; management data; IMF CD; Probit models; Central bank operations; Tax administration core functions; Western Hemisphere; Sub-Saharan Africa; Middle East and Central Asia (search for similar items in EconPapers)
Pages: 30
Date: 2021-12-03
New Economics Papers: this item is included in nep-ppm
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