Capacity Development in Latin America and the Caribbean and the Way Forward
The IMF Institute for Capacity Development (ICD) was established in 1964 to provide training in economic management to officials of the IMF's member countries. Training is delivered at IMF Headquarters in Washington, D.C., through IMF regional training centers, in collaboration with other regional training institutions and national governments, and through online courses in partnership with EdX.
Courses in Washington are offered in four languages - Arabic, English, French, and Spanish. At the regional training centers and programs in Austria, Brazil, China, Côte d'Ivoire, Georgia, Kuwait, Mauritius, and Singapore courses are offered in English and the primary language of the region. Check our Frequently Asked Questions below for more information on training courses.
Selection Guidelines Selection process gives priority to government officials whose professional assignments are closely related to the subject matter of the course. Candidates who meet the qualifications for the course and are selected will be contacted by ICD or regional training centers to provide information on travel, accommodations, and other administrative arrangements. The IMF cannot consider applications from persons employed in non-governmental businesses or institutions except for massive online open courses (MOOCs).In addition to courses and seminars, ICD offers lecturing assistance to other training institutions, and administers a Scholarship Program for Japanese Ph.D students in macroeconomics at universities located outside Japan, which is funded by the Government of Japan.
IMF staff are kept informed on current issues and developments through ICD's Internal Economics Training Program.
- In French-speaking Africa, the IMF Institute for Capacity Development collaborates with the centers of the Central Bank of West African States (West African Training Center for Banking Studies-COFEB) in Dakar, Senegal, and the Bank of Central African States (BEAC) in Yaoundé, Cameroon.
- In English-speaking Africa, the Institute collaborates with the Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI) and the West African Institute for Financial and Economic Management (WAIFEM). MEFMI is a regional institute with nine English- and Portuguese-speaking members that is headquartered in Harare, Zimbabwe. WAIFEM operates from Lagos, Nigeria. It serves the five English-speaking countries in West Africa.
- In Asia, the Institute collaborates with and offers lecturing assistance to South-East Asian Central Banks Research and Training Center (SEACEN). Beyond the regional organizations, the Institute also collaborates with the Japan Center for International Finance (JCIF), the World Bank, and the BIS in arranging training activities in Asia.
- In the Western Hemisphere, the Institute collaborates with the Center for Latin American Monetary Studies (CEMLA) in Mexico City, Mexico and with the Institute of Brazilian Business and Public Management Issues (IBI), George Washington University, in conjunction with the Minerva Institute in Rio de Janeiro, Brazil.
1. Who is eligible for IMF’s Institute for Capacity Development (ICD) courses?
Officials from IMF member countries' financial agencies, such as central banks, ministries of finance, economy and planning or statistical compiling agencies.
- Residential courses at HQ: All member country officials working in relevant government agency. Sponsorship required.
- Residential courses at regional training centers/programs: Member country officials from eligible countries (refer to online catalog) working in relevant government agency, Sponsorship required.
- SPOCS (small private online courses): Government officials from all member countries. Sponsorship optional.
- MOOCS (massive online open courses): Open to the public. No sponsorship required.
2. How can I apply to an ICD Course?
Applicants who are sponsored by their agency should submit an online application. For select courses marked “by invitation only”, ICD will contact country authorities to request nominations.
3. Can officials apply for courses and seminars marked “by invitation”?
No, applications are not accepted.
4. What if I don’t have a sponsor?
If you do not have a sponsor from your agency, then you cannot apply to our courses, with the exception of online training.
5. What are the language requirements when applying to a course?
Applications must be submitted in the course language in order to be considered, with the exception of Arabic courses for which applications should be submitted in English.
6. How are participants selected for courses?
Applicants are selected based on their professional assignment and education. In addition, past attendance in ICD courses and previous country representation play an important part in the selection.
7. When do I get notified of the selection?
Only officials selected or placed on stand-by for a course are notified of their status approximately 8 weeks prior to the course.
8. Am I guaranteed selection to a residential course after successfully completing an online course?
No, selection for a residential course is based on eligibility qualifications and space availability.
9. Who teaches ICD courses?
ICD economists, specialists from other departments of the IMF and the World Bank, and guest lecturers.
10. Question: Is the Japan-IMF Scholarship Program for Advanced Studies open to all?
No, only Japanese nationals are eligible for JISP, which is funded by the Government of Japan.
Communications by airmail indicating course number should be addressed to:
Chief, Training Operations Division
IMF Institute for Capacity Development
International Monetary Fund
Washington, D.C. 20431, U.S.A.
Communications by cable or facsimile indicating course number should be addressed to: