Who We Are

The IMF supports knowledge sharing and capacity development through a dedicated staff that comes from nearly 150 countries. Leveraging their professional experience garnered from national and international agencies, academia and the private sector, IMF staff share their collective experiences with member countries on what policies work, why they unleash growth and how best to implement them.

What We Do

Serve as the world’s economic R&D center – With its near-universal membership of 189 countries, the IMF serves as a global hub for knowledge on economic and financial issues. It has developed world-leading expertise on raising public revenues, modernizing banking systems and legal frameworks, enhancing the reporting of macroeconomic and financial data, and improving economic analysis and forecasts.

Share knowledge and global best practices – The IMF shares this knowledge and expertise with its member countries through hands-on advice, training and peer-to-peer learning. This in turn helps governments gain the tools and confidence they need to build effective institutions and implement modern policies that support growth.

How We Work

The IMF shares this knowledge with government institutions such as finance ministries and central banks via:

About 80 percent of the IMF's knowledge sharing work goes to low- and lower-middle-income countries, particularly in sub-Saharan Africa and Asia. Fragile states are also major beneficiaries, as are heavily indebted poor countries.

Bilateral and multilateral partners play a vital role in enabling the IMF’s knowledge sharing work around the world. They presently finance about one half of the IMF’s capacity development effort.

How Knowledge Sharing Benefits Countries

It helps raise public revenues so governments can provide better services for their people — such as schools, roads and hospitals.

For instance: The IMF’s work in Colombia helped build modern tax structures that created more jobs in the formal sector, which meant higher wages and more job security. This helped reduce income inequality and raised public revenues for greater investments in healthcare and infrastructure.

It helps create a stable economic and monetary ecosystem — e.g. efficient tax structures, sustainable debt, reliable data, sound regulatory framework — which enables transparency, stimulates private sector development and leads to greater and more equitable economic growth.

For instance: When Kosovo wanted to rebuild its post-conflict economy, it worked with the IMF to set up its central banking operations such as payment systems. IMF’s efforts paved the way for establishment of commercial banks that provided basic financial services to people and stimulated private sector development.