How We Work

The IMF serves as a global hub for knowledge on economic and financial issues. It shares this knowledge with government institutions such as finance ministries and central banks in different forms. This ranges from support on a policy issue — e.g. helping Liberia establish a more modern and professional tax administration — to holistic capacity development, which may include providing a resident specialist based in-country – e.g. working with Myanmar to provide a broad range of fiscal, monetary, legal and statistical support.

This hands-on advice, peer-to-peer learning, and training are delivered to the countries in various ways:
  • IMF staff offer expert advice to country officials both in country and remotely from headquarters. Such visits are focused on targeted issues and initiated at the request of the member country; the staff may stay in-country for a short period or be based long-term in an agency, depending on the country authority’s request.
  • A network of the IMF’s regional capacity development centers provides hands-on support to countries under the guidance of headquarters. These centers foster regional integration, allow for better tailoring of knowledge sharing to the needs of a region and facilitate an enhanced ability to respond quickly to emerging needs.
  • In-person and online training for government officials on targeted macroeconomic and financial topics. Online training is also provided to the general public through massive open online courses in partnership with edX.

Regional Capacity Development Centers

CD Centers

A global network of regional capacity development centers (RCDCs) and training programs help to implement the IMF’s mandate to deliver capacity development services to its member countries through knowledge sharing. A regional approach facilitates an enhanced ability to respond quickly to a country’s emerging needs, as well as closer coordination with other development partners on the ground. It also fosters regional integration and allows for better tailoring of advice and training, helping countries advance towards the Sustainable Development Goals. Activities are complemented by global thematic funds focused on topical areas.

These locally-based regional centers anchor IMF support for knowledge sharing and are financed jointly by the IMF, external development partners, and member countries. They include:

Center

Partners

Member Countries

Africa Training Institute (ATI)

Mauritius, China, Germany, Korea, Australia, the European Investment Bank, Angola, Seychelles, and Togo

45 countries in Sub-Saharan Africa

AFRITAC Central (AFC)

Germany, China, France, Netherlands, the European Union, the European Investment Bank

CEMAC group plus Burundi and Democratic Republic of Congo

AFRITAC East (AFE)

European Union, the United Kingdom, Germany, the Netherlands, Switzerland, and the European Investment Bank

Eritrea, Ethiopia, Kenya, Malawi, Rwanda, Tanzania, and Uganda

AFRITAC South (AFS)

European Union, Germany, the United Kingdom, Switzerland, China, the Netherlands, Australia, the European Investment Bank

Angola, Botswana, Comoros, Lesotho, Madagascar, Mauritius, Mozambique, Namibia, Seychelles, South Africa, Swaziland, Zambia, and Zimbabwe

AFRITAC West (AFW)

European Union, Germany, Luxembourg, France, China, European Investment Bank

WAEMU plus Guinea and Mauritania

AFRITAC West 2 (AFW2)

European Union, Switzerland, China, Canada, the African Development Bank, Australia, and the European Investment Bank

Cape Verde, The Gambia, Ghana, Liberia, Nigeria, and Sierra Leone

Caribbean RTAC (CARTAC)

Canada, the United Kingdom, the European Union, the Netherlands, Mexico, the Caribbean Development

22 Caribbean countries and territories

Central America, Panama, & Dominican Republic RTAC (CAPTAC-DR)

European Union, Canada, Mexico, Luxembourg, and the host and member countries

Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, and Panama

China-IMF Capacity Development Center (CICDC)

China

China and other member countries

Joint Vienna Institute (JVI)

Austria (primary member) and international partners/donors

31 countries, including 29 in Central, Eastern, and Southeastern Europe, the Caucasus, and Central Asia; as well as Iran and Turkey

Middle East Center for Economics and Finance (CEF)

Kuwait

Arab League member countries

Middle East RTAC (METAC)

Germany, Switzerland, France, the European Union, the Netherlands, Lebanon (the host country), and member countries

Afghanistan, Algeria, Djibouti, Egypt, Iraq, Jordan, Lebanon, Libya, Morocco, Sudan, Syria, Tunisia, West Bank and Gaza, and Yemen

Pacific Financial RTAC (PFTAC)

Australia, New Zealand, the European Union, Korea, the Asian Development Bank, and the host and member countries

16 Pacific island countries and territories

Singapore Training Institute (STI)

Singapore, Japan, Australia

37 countries in the Asia-Pacific region

South Asia Regional Training & Technical Assistance Center (SARTTAC)

Member countries finance two-thirds of the center’s budget, with additional funding from the European Union, Korea, the United Kingdom, and Australia

Bangladesh, Bhutan, India, Maldives, Nepal, and Sri Lanka

IMF Capacity Development Office in Thailand (CDOT)

Japan, Thailand

Core beneficiaries are Cambodia, Lao PDR, Myanmar, and Vietnam

                                                                                      

The Joint Vienna Institute –
Training governments across Europe

Partners share how the Singapore Regional Training Institute helps boost economic policymaking

Online Learning

The IMF has significantly scaled up online learning as a vehicle to deliver training in macroeconomics and finance to government officials. Online courses are also being made freely available to the general public through massive open online courses in partnership with edX, the nonprofit online learning initiative founded by Harvard University and the Massachusetts Institute of Technology. Since the launch of the program in late 2013, online courses have attracted over 42,000 active participants. Of those, close to 12,600 government officials and almost 11,000 people from the general public — from 192 countries — have successfully completed an online course

Click here to learn more about IMF online learning.