IMF Capacity Development Strategy and Policies

The IMF’s Capacity Development (CD) work, covering technical assistance and training, is one of the three core functions of the IMF, along with surveillance and lending. Its main objective is to help member countries strengthen government institutions and capacity necessary to formulate and implement sound economic and financial policies.

The IMF regularly reviews its policies and strategies in all three functions to help enhance the impact and effectiveness of its policy advice, lending programs and CD activities. Its CD strategy was last discussed by the IMF Executive Board in June 2013.

The 2013 CD strategy paper presented the first integrated strategy for CD and concluded with several recommendations to update the CD governance structure, enhance prioritization, clarify the funding model, and strengthen monitoring and evaluation. Subsequently, the IMF Board endorsed the 2014 statement on IMF Policies and Practices on Capacity Development.

The next CD Strategy review is planned in September 2018, under the overarching objective of reinforcing the effectiveness and impact of IMF CD. To this end, the upcoming review will focus on key topics identified in the Concept Note discussed by the IMF’s Executive Board in February 2017. This includes:

  1. Further integrating CD with surveillance and IMF policy advice
  2. Improving the targeting of CD to country needs—supported by innovative delivery approaches (including by leveraging technology)
  3. Sharing CD knowledge with the membership
  4. Entrenching the results-oriented approach to CD monitoring and evaluation to ensure increasing focus on achieving results on the ground