IMF Capacity Development Strategy and Policies
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Role and scope of IMF capacity development
- Every five years, the IMF undertakes a comprehensive review of its capacity development strategy.
- IMF capacity development accounts for around one-third of our direct work with member countries and supports them to develop human capacity and build institutions devising sound macroeconomic policies.
- Regular reviews are intended to ensure capacity development remains high quality and well-focused on the priority needs of member countries.
Findings and reforms from past strategy reviews
- The past two strategy reviews in 2013 and 2018 led to a series of reforms to increase the efficiency and impact of IMF capacity development work, while strengthening its internal governance.
2024 Review of the IMF’s Capacity Development Strategy — key directions
- The 2024 review built upon prior reforms to advance the evolution of the IMF’s capacity development work.
- The 2024 review called for capacity development to be:
- more flexible,
- well-tailored to respond to member needs, and
- better integrated with the IMF’s economic analysis and lending.
Evidence base and inputs to the 2024 review
- The 2024 review benefitted from:
- an independent evaluation of IMF capacity development,
- internal and external consultations with stakeholders,
- surveys of recipients and partners,
- staff background studies, and
- recommendations of an External Advisory Group.
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