- International Monetary Fund
- Published Date:
- May 2003
|Photographs and Illustrations|
|Massoud Etemadi||Cover design and pages 4-5, 23|
|Dean Conger, Corbis||41|
|Goh Chai Hin, AFP photos||22|
|Willie Heinz, IDB||14|
|IMF photo group||11, 12, 18, 35, 49, 52|
|IMF staff||7, 10, 19, 42-48|
|Alexander Joe, AFP photos||25|
|Yuri Kochetkov, AFP photos||40|
|Liu Jin, AFP photos||21|
|Philippe Lopez, AFP photos||16|
|Juda Ngwenya, Reuters||29|
|World Bank photo library||37|
IMF Technical Assistance
Transferring Knowledge and Best Practice
International Monetary Fund
© 2003 International Monetary Fund
Production: IMF Multimedia Services Division
Cover and design: Luisa Menjivar-Macdonald
Typesetting: Philip Torsani
Published May 2003
To order IMF publications, please contact:
International Monetary Fund, Publication Services
700 19th Street, N.W., Washington, D.C., 20431, U.S.A.
Tel.: (202) 623-7430 Telefax: (202) 623-7201
This pamphlet focuses on the Technical Assistance Program of the International Monetary Fund (IMF). It is part of a series that aims to describe key aspects of the activities and policies of the IMF for the general public.
Further information on IMF Technical Assistance can be obtained from the IMF’s Policy Statement on Technical Assistance, the IMF Annual Report, and the annual Supplement to the IMF Survey, all available on the IMF’s website (www.imf.org). Details about the IMF Institute’s work can also be accessed through the website.
Jeremy Clift of the IMF’s External Relations Department prepared this pamphlet, with contributions from staff working in the IMF’s Office of Technical Assistance Management.
Note to the Reader
The IMF’s Monetary and Exchange Affairs Department was renamed the Monetary and Financial Systems Department as of May 1, 2003. The new name has been used throughout the pamphlet.
African Capacity Building FoundationAFRITAC
African Regional Technical Assistance CenterCARICOM
The Caribbean CommunityCARTAC
Caribbean Regional Technical Assistance CenterCEMAC
Central African Economic and Monetary UnionECCB
Eastern Caribbean Central BankFSAP
Financial Sector Assessment ProgramGDP
Gross Domestic ProductHIPC
Heavily Indebted Poor CountryIMF
International Monetary FundJVI
Joint Vienna InstituteLDC
Organization for Economic Cooperation and DevelopmentOTM
Office of Technical Assistance Management (of the IMF)PFTAC
Pacific Financial Technical Assistance CenterROSC
Report on Standards and CodesTCAP
Technical Cooperation Action PlanUN
United Nations Development ProgramVAT
West African Economic and Monetary Union
Providing technical assistance to member countries—particularly developing countries and countries in transition—is among the IMF’s most important jobs. Yet this major component of our work is relatively unknown to the public at large. While the IMF’s lending in support of policy programs in crisis countries captures the world’s headlines, its technical assistance rarely does so, although it plays a vital role in laying foundations for stronger economies and for a better future for the people of many countries of the world.
The technical assistance provided by the IMF, which includes training for government and central bank officials, is recognized as an important benefit of IMF membership. It is provided mainly in the IMF’s core areas of responsibility and expertise—public finance, central banking, economic and financial statistics, and related legal matters. IMF staff, together with experts from member countries, share with member governments and central banks approaches for improving the design and implementation of economic policy, as well as for building up local expertise and helping develop stronger institutions, with the aim of enhancing economic policy management.
Over the years, our technical assistance agenda has evolved with the needs of our member countries. In the early 1990s, we sharply stepped up technical assistance to the formerly centrally planned economies to help them build the policy infrastructure and institutions needed for market-based economies. Since the mid- and late 1990s, we have increased our efforts to help countries meet the challenges posed by globalization, particularly by strengthening their financial and statistical systems. Also in recent years, the IMF has given added emphasis to integrating its technical assistance with the policy advice it provides in the course of its economic surveillance and lending activities. And we have increasingly been encouraging countries to identify their technical assistance needs and priorities in advance rather than waiting for problems to emerge. Working in partnership, the IMF and its members are thus taking a more proactive approach to the planning, prioritization, and delivery of technical assistance.
Sharing, through our technical assistance program, the collective knowledge of the IMF and our membership is one of the main ways in which we are working to achieve a global economy that works for the benefit of all.
IMF Deputy Managing Director