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
Networks Unlimited continues to give backCommemorating Nelson Mandela Day, Networks Unlimited, a value-added distributor, donated blankets to the South African Family Relief Project (SAFRP). Read More
Bocodol Strategy 2020 to advance technology uptakeThe new 2016 to 2020 Botswana College of Distance and open Learning Strategic Plan is a testament of the institution’s move towards an embedded e-learning regime. Read More
Equity of trust essential for improving productivity – Tigo Barcamp 2016Ghana’s digital lifestyle brand, Tigo, has urged young entrepreneurs and graduates to establish trust in their profession in order to boost productivity. Read More
Entrepreneurship programme targets 5,000 studentsEnactus Kenya, an organization that promotes entrepreneurship among youth, aims to empower 5,000 students in Kenya with business leadership skills. Read More
Ericsson Networked Society City Index 2016 measures ICT maturity in Johannesburg and LagosAlthough starting at a low level, Johannesburg and Lagos are progressing in all ICT dimensions of the Ericsson Networked Society City Index. Read More
Etisalat: Manpower development vital to sustaining telecoms revolution gainsEtisalat says continuous development of indigenous skilled manpower is central to the sustainable growth of the telecoms industry. Read More
Networks Unlimited provides learnerships to 100 ICT studentsOne hundred technical students are set to graduate from an immersive, 12-month learnership programme within Networks Unlimited, with the skills, experience and certifications needed to kick-start their careers. Read More
MTN half-marathon raises funds for ICT in educationMTN’s third edition of the annual MTN 21km half-marathon has been growing steadily since inception and this year the race has boasted just over 6100 participants. Read More
IFC, CGAP, SECO to launch Ghana Digital Financial Services InitiativeThe International Financial Corporation (IFC), a member of the World Bank Group, in partnership with the State Secretariat of Economic Affairs of Switzerland, SECO, and the Consultative Group to Assist the Poor, CGAP, will be launching a US$5.6 million Ghana Digital Financial Services Initiative in Accra. Read More
MTN employees mark 10 years of volunteerism in their communitiesMTN has kicked off the tenth edition of its flagship annual employee volunteerism programme, 21 Days of Y’ello Care. Read More
FEATURED STORYFirst-ever Africa Barclays Accelerator programme concludes
Ten fintech companies have concluded the first-ever Barclays Accelerator, powered by Techstars in Africa.
BEST READ NEWS
IN DEPTHEthical Hacking students can’t get a heck of a job
Botswana ethical hacking students report that they are failing to break into the local job market.
COMPANY NEWSSage Announces the Launch of Sage 50 Accounting in East and West Africa
Sage 50 Accounting Africa edition is a full business management solution for Small and Medium Businesses.