Abstract

Besides its policy advice and financing, the IMF provides technical assistance and training to its member countries in its areas of expertise—including revenue administration and expenditure management, central banking, financial sector sustainability, exchange rate systems, economic and financial statistics, and related legal fields. Technical assistance is an important benefit of IMF membership and is free in most cases, except when provided to countries that can afford to defray the costs incurred in dispensing the assistance. The IMF’s technical assistance aims at strengthening the design and implementation of sound macroeconomic and financial policies, and at transferring know-how in the process. By doing this, the IMF seeks to bolster the institutional capacity of its members and endeavors to deliver assistance that will have lasting benefits for the member’s economy, including on sustainable growth and on poverty alleviation in the case of poorer member countries. Technical assistance helps countries to adopt and implement effective reforms, benefiting from the IMF’s worldwide experience in addressing similar problems in other countries and from its high-caliber experts, drawn from the staff as well as from top public and private institutions, central banks, and economic agencies around the world.