IMF Capacity Development Strategy and Policies
Every five years, the IMF undertakes a comprehensive review of its capacity development strategy. As one of the core functions of the 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 of our capacity development strategy are vital to ensure that it continues to be of high quality and well-focused on the priority needs of member countries. The past two strategy reviews in 2013 and 2018 led to a series of reforms to increase the efficiency and impact of our work, while strengthening its internal governance.
The 2024 review built upon these reforms to advance the evolution of the IMF’s capacity development work, calling for it to be more flexible, well-tailored to respond to member needs, and better integrated with our economic analysis and lending. This review benefitted from an independent evaluation of IMF capacity development and a wide range of inputs, including internal and external consultations with stakeholders, surveys of recipients and partners, staff background studies, and recommendations of an External Advisory Group.
