New approach for IMF
DEVELOPMENT| May 7, 2012, 9:10 a.m.
The IMF is changing the way it provides technical assistance and training to member countries.
IMF deputy MD Nemat Shafik said the new approach would make it more focused, nimble and effective.
As part of the revamped strategy, the IMF has merged its technical assistance and training activities to form the Institute for Capacity Development. The new department, launched this month, brings together the former IMF Institute and the Office of Technical Assistance Management.
The merger of technical assistance and training is expected to enhance the effectiveness of the IMF’s large global capacity building network.
The seven Regional Training Centers and training programs in Austria, Brazil, China, India, Kuwait, Singapore, and Tunisia, which supplement headquarters-based training, allow the IMF to adapt its training to local needs. The IMF also has eight Regional Technical Assistance Centers—four in Africa and the others in the Caribbean, Latin America, the Middle East, and the Pacific.
Antoinette Sayeh, Director of the IMF’s African Department, said: “There is a critical need for knowledge-sharing in the area of natural resource wealth management; mobile phone banking and monetary unions are also generating much interest. There has to be a focus on building institutions.”
Sayeh said the IMF’s regional technical assistance centers in Africa had been effective in tailoring technical assistance to realities on the ground.
The four African Regional Technical Assistance Centers (AFRITACs) include:
- East AFRITAC, which was opened in Dar es Salaam, Tanzania, in 2002. It now serves seven countries in East Africa (Eritrea, Ethiopia, Kenya, Malawi, Rwanda, Tanzania, and Uganda).
- West AFRITAC was opened in Bamako, Mali, in 2003, to serve ten countries in West Africa (Benin, Burkina Faso, Côte d'Ivoire, Guinea, Guinea-Bissau, Mali, Mauritania, Niger, Senegal, and Togo).
- Central AFRITAC was opened in Libreville, Gabon, in 2007, to serve countries in the CEMAC group, plus Burundi and the Democratic Republic of the Congo. AFRITAC South was opened in Port Louis, Mauritius, in June 2011, to serve 13 countries in Southern Africa (Angola, Botswana, Comoros, Lesotho, Madagascar, Mauritius, Mozambique, Namibia, Seychelles, South Africa, Swaziland, Zambia, and Zimbabwe).
- Work is in progress to open one more AFRITAC, covering the non-francophone countries in West Africa (AFRITAC West 2).
MORE DEVELOPMENT NEWS
Airtel enables students in Siaya County to freely access learning materials onlineBharti Airtel now provides free data connectivity to Sigweng Karuoth Primary School in Siaya County, Kenya, as part of its efforts to support Kenya’s education system. Read More
Nescafe inspires African bloggers at Start Conference 2014The Nescafe Start Conference 2014 has ended in Accra with a call on young tech entrepreneurs to use their creative ideas and skills to generate innovative business enterprises that would help create job opportunities. Read More
Huawei Ghana refurbishes Accra Central LibraryHuawei Ghana has officially presented a new state of the art library to the Minister of Communication, Dr. Edward Omane Boamah, on behalf of the Ghana Library Authority. Read More
Vodafone Ghana Foundation ends 2014 with “Bring a Cheer to Your Community” CampaignVodafone Ghana says it is receiving proposals from Non Governmental Organisations whose focus is on contributing to the quality of life in rural communities across the country. Read More
Schneider Electric announces creation of Algerian-French centre of excellenceSchneider Electric has announced the signing of a three-way partnership agreement with the Algerian Ministry for Vocational Training and Education and the French Ministry for National Education for Education and Research. Read More
MTN Ghana Foundation marks seven years of CSI in GhanaMTN Ghana Foundation is marking seven years of outstanding and impactful Corporate Social Investments in Ghana. Read More
ICTs: Gabon tops Francophone AfricaMany analysts were hoping that countries such as Senegal and Morocco would top the French-speaking list in the ITU's 2014 ICT Development Index (IDI). But it was not to be because oil-rich and less populated Gabon grabbed the gold medal. Read More
45 learners graduate from Dimension Data Saturday SchoolDimension Data, the USD6 billion ICT solutions and services provider, has announced that 45 learners have graduated from its innovative Saturday School Programme. Read More
African telcos partner with AU to ‘kick Ebola out of Africa’Telecommunication companies across Africa have united to partner with the African Union (AU) Commission to garner resources in support of Ebola affected countries in West Africa. Read More
AfDB grants €176 million for next phase of Africa's largest solar power stationThe Board of Directors of the African Development Bank Group has approved one loan of €100 million and another of US $119 million for phase II of the Ouarzazate solar complex project (the NOORo II and NOORo III power stations). Read More
FEATURED STORYPWC: Optimism abounds but a bumpy journey ahead for some
PwC’s ‘Capital Projects & infrastructure in East Africa, Southern Africa and West Africa,’ report says infrastructure spend in the region is projected to reach $180bn per annum by 2025.
BEST READ NEWS
IN DEPTHAfrica lags on digital migration
Only three African countries have so far completed the digital migration process, and serious issues are hampering the migration in other nations.