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 Kenya illuminates schools in Machakos CountyBharti Airtel has donated 40 solar lamps to Tala SA primary school and St. Mary’s Tala primary school in Machakos County, Kenya. Read More
First in MEA: Dubai to host Microsoft in Education Global ForumIn a clear message of Microsoft’s strong engagement and support to the Middle East and Africa region, Dubai is hosting the two day Microsoft in Education Global Forum on the 22nd and 23rdFebruary at the Grand Hyatt, Dubai. Read More
Tigo commissions water project for DawurampongOver 3,000 residents of Dawurampong and surrounding communities in the Gomoa West District of Ghana’s Central region will now have access to clean and safe water with the successful completion and commissioning of a new borehole and water tank by Tigo. Read More
Congo’s Marien Ngouabi University launches staff ICT trainingIntensive ICT training will take place this year for staff at Congo Brazzaville’s state-funded Marien Ngouabi University (UMNG). Read More
MTN Cameroon rewards academic excellence in telecomsExcellence scholarships have been awarded to 145 students of the National Advanced School of Posts and Telecommunications and the National Advanced School of Engineering. Read More
UNICEF, Airtel form pan-African partnership to empower children and youthUNICEF and Bharti Airtel have entered a partnership agreement to expand their collaboration across 17 countries in Africa. The partnership aims at improving Africa’s population access to health and education-related information whilst pushing forward various innovative projects supported by UNICEF. Read More
Airtel Kenya mentorship programme inspires the future for Mukuru studentsToday's children grow up having to cope with many social issues and challenges as they pursue their dreams of achieving their education dreams and as they go through difficult life transitions. Read More
1,089 patients to be released from hospital by the Leopards, AirtelBharti Airtel will be settling hospital bills for hundreds of patients in Congo, through a partnership with the Democratic Republic of Congo national team – ‘The Leopards’. Read More
Airtel, OKF make a difference for visually impaired studentAirtel Ghana, Ghana Telecom CSR Company of the Year has partnered Osei-Kusi Foundation (OKF) to Make a Change in the life of Grace Annabi a level 200 visually impaired student studying education at the University of Cape Coast. Read More
Kalulushi school gets US$50, 000 worth of computersSchool students in Zambia will be the first to benefit from Orica’s Global Community Partnerships Program, with the installation of a state-of-the-art computer lab at Twalubuka Secondary School. Read More
FEATURED STORYMalawi Govt denies clinging to ‘Cashgate’ software
The Malawi Government will not exclude the software brand that has been in use for the country’s Integrated Financial Management System (IFMIS), but it has rejected reports implying that it is ‘clinging’ to the old system.
BEST READ NEWS
IN DEPTHKenya’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 NEWSMTN demonstrates the benefits of its video on demand offering
MTN showcased the benefits of FrontRow when it streamed high bandwidth video content onto multiple mobile devices using its video on demand (VOD) offering.