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 Ghana hands over library to Ajumako Entumbil communityAirtel Ghana has commissioned and handed over a library facility to the people of Ajumako Entumbil in the Central Region. Read More
Facebook partners with She Leads Africa in support of female African entrepreneursFacebook is supporting and sponsoring She Leads Africa, an African enterprise and women’s business-focused movement, to help ensure female entrepreneurs and professionals across the world unlock their full potential. Read More
Networks Unlimited takes women’s empowerment and skills development earnestlyNetworks Unlimited is currently training 108 interns and learners, of which 74 are young women from previously disadvantaged communities. Read More
Solar best way to combat light poverty in AfricaResearch by the United Nations Environment Programme (UNEP) shows that solar-powered LED lighting provides a low-cost alternative that not only alleviates light poverty but also reduces carbon emissions, indoor air pollution, and health risks. Read More
Huawei in school tablet donationHuawei has donated 30 tablets to Moshupa Senior Secondary School in Botswana. Read More
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
FEATURED STORYFinancial services sees AI as both opportunity and threat
Banking is already a key area where technology is having an impact throughout Africa, and a new survey assesses the impact artificial intelligence will have on this sector.
BEST READ NEWS
IN DEPTHAccess and Use of ICT stats released
Statistics Botswana has released the first results of the 2014 Information and Communication Technology Household Survey.