New approach for IMF

DEVELOPMENT

|
Image: By BiztechAfrica
New approach for IMF

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).

 



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE DEVELOPMENT NEWS

Samsung inspires soccer students with ‘I See Your Dream’ campaign in Ghana

Samsung has come out in support of youth football development in Ghana with a coaching camp for 44 young soccer students selected from two junior high schools from Accra Metropolis. Read More

Sustainable Energy Fund for Africa to support 72 MW solar PV power plant in Cameroon

The Sustainable Energy Fund for Africa (SEFA) approved at the end of 2014 a USD 777,000 preparation grant for JCM Greenquest Solar Corporation to support the development of a 72 MW Solar Photovoltaic (PV) power plant as the first renewable energy Independent Power Producer (IPP) in Cameroon.  Read More

One primary school pupil, one tablet: Dakar mayor

Khalifa Sall, the mayor of the Senegalese capital Dakar, has an ambitious plan to equip all the pupils of primary schools of his city with tablets. Read More

Tigo brightens Christmas for over 3,000 children and head porters

As part of its Corporate Social Responsibility (CSR) drive, mobile network operator, Tigo Ghana has climax its Christmas party for less privileged children and female head porters in Accra. Read More

Airtel, Rotary Club to provide clean water for school in Kajiado County

Bharti Airtel has partnered with Rotary Club of Nairobi East for a safe water harvesting project that will provide clean drinking and cooking water Enkeriyan Primary School in Kajiado County and the neighbouring community.    Read More

Airtel to offer mentorship programmes to Good Samaritan Orphans and Destitute centre

Bharti Airtel will offer mentorship programmes to the Good Samaritan Orphans and Destitute Centre in Kayole’s Soweto. The programme is part of the Airtel spirit where Airtel staff voluntarily give both time and expertise at individual and corporate level to positively impact the community. Read More

Airtel enables students in Siaya County to freely access learning materials online

Bharti 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 2014

The 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 Library

Huawei 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” Campaign

Vodafone 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

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4Afrika

FEATURED STORY

UCC launches 2015 ACIA awardsUCC launches 2015 ACIA awards

Uganda has launched the fifth Annual Communications and Innovation Awards, which celebrate and foster ICT innovation and achievement.

IN DEPTH

Kenya’s digital TV battle hots up Kenya’s digital TV battle hots up

Kenya’s journey to Digital TV broadcasting took a new turn this week, when the Communication Authority of Kenya (CAK) accused three local media firms of intent to disrupt the process.

COMPANY NEWS

Albany CTG, Microsoft, collaborate on School of Government Program

The University at Albany’s Center for Technology in Government (CTG) has announced its collaboration with Microsoft Corporation to deliver executive level training to government leaders in Africa ...

VMware reports fourth quarter and full year 2014 results

VMware, the global leader in virtualisation and cloud infrastructure, has announced financial results for the fourth quarter and full year of 2014.