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
Social Entrepreneurs provide sustainable solutions for Africa's development priorities - ReportIs social entrepreneurship the new face of development? A recent impact report released by Reach for Change suggests it might be. Read More
Dimension Data, Cisco to protect rhino by tracking peopleIn a bid to reduce rhino poaching in South Africa, Dimension Data and Cisco will leverage technology to proactively intervene and stop people entering game reserves illegally. Read More
Global partnership launches programme to save children affected by HIV in LesothoMobile technology will be harnessed to help Lesotho combat the impact of HIV in a new global partnership programme. Read More
Rockefeller Foundation funds nonprofit bringing online business course to AfricaIn May, the Center for Global Enterprise (CGE) will offer a unique online course designed to provide practical management expertise in emerging platform business models opening up new opportunities across Africa and the global economy. Read More
Ethiopia gearing up to transform education through technologyMicrosoft and the Ministry of Education in Ethiopia are coming together to transform education, further innovation and develop employability. Read More
Next Einstein Forum launches global call for a new era in science and technology in AfricaThe Next Einstein Forum has launched a global call for support for Africa’s scientific and technological emergence. Read More
MTN Ghana rewards Heroes of Change for their selfless actsMadam Paulina Opei, Founder of “Save our Lives Orphanage” and a trained nurse was crowned the overall winner of the MTN Heroes of Change Season II at the Accra International Conference Centre. Read More
Egypt to launch digital hub to help Africa better track and control disease outbreaksA new African Health Data and Disease Control Hub will serve as a data, information and communication portal for African citizens, governments and institutions. Read More
MTN Ghana set to collect 1,700 pints of blood for National Blood BankGhanaians from all walks of life trooped to the various MTN’s “Save a Life” campaign blood collection centre across the country to donate their blood to support the National Blood Bank. Read More
Love comes to pupils of Tigo’s Shelter 4 Education ProjectValentine’s Day came early for the pupils and teachers of Obeng Yaw Basic School in Adeiso, and Tupaa MA Basic School in Ga South Municipality. Read More
FEATURED STORYCriticism over Remita borne out of ignorance, says SystemSpecs
The CEO of SystemSpecs, the company behind the revenue-saving Nigerian Single Treasury Account (TSA) system, speaks to Biztechafrica.
BEST READ NEWS
IN DEPTHIBM Opens First Cloud Data Centre in South Africa
IBM is opening a new IBM Cloud Data Centre in Johannesburg, South Africa. The new cloud center is the result of a close collaboration with Gijima and Vodacom and is designed to support cloud adoption and customer demand across the continent.
COMPANY NEWSKeeping up with the mobile banking evolution
Africa especially has witnessed the trend of mobile banking, due to the well-known fact that today more people on the continent have access to a mobile phone ...