COVID-19 Crisis Capacity Development Initiative

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COVID-19 Crisis Capacity Development Initiative

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Purpose and scope

• The IMF's COVID-19 Crisis Capacity Development Initiative (CCCDI) supports countries as they steer their economies through the crisis and prepare for an inclusive recovery.
• The Initiative complements the IMF’s emergency lending programs by improving capacity in critical economic institutions and delivers hands-on capacity development.
• The CCCDI responds to urgent capacity development needs in core and emerging areas of IMF expertise, linked to global themes: tax policy and inclusive growth; supporting a green recovery; digitalization and financial access; debt management and revenue mobilization; and transparency and accountability in emergency response.
• The Initiative is designed to be flexible, innovative, and effective, agile in adapting to countries’ shifting priorities and leveraging strengthened virtual delivery platforms, including an expanded online learning program.

Implementation status and scale

• Announcement date: September 24, 2021.
• Funds allocated to about 40 capacity development activities.
• Financial support from CCCDI partners totals almost $40 million.
• The IMF continues outreach to potential partners to expand support.

Geographic and sectoral delivery highlights

• Fragile states and institutional strengthening:
  • AFRITAC West recruited a tax advisor, financed by CCCDI, who worked with the Malian tax administration and delivered in-person technical assistance to Burkina Faso to support a tax audit.
  • AFRITAC Central supported the Central African Republic on valuation and cargo reporting.
  • In South Sudan, the IMF assisted the National Revenue Authority to reengineer business processes and customs reform.
  • Planned support includes Sierra Leone on benefit incidence analysis in healthcare and extended training on wage bill practices.
• Digitalization and revenue administration:
  • METAC supported the Libya customs administration with an assessment of their information technology systems.
  • The IMF supported the Cameroon tax administration on IT architecture design and developing a data management strategy.
  • Technical assistance on digitalization supported Togo and Niger to strengthen revenue operations and administration.
• Central bank digital currencies (CBDCs) and crypto assets:
  • The Monetary and Capital Markets Department together with AFRITAC East convened a regional conference on CBDCs and crypto assets.
  • CARTAC held a regional conference on CBDC in the Caribbean region.
  • Additional technical assistance on CBDC was delivered to Egypt, Jordan, Haiti, and Honduras.

Transformational areas: climate and inequality

• Climate change:
  • A second pilot Climate Macroeconomic Assessment Program (CMAP) was conducted in Madagascar.
  • Climate policy scenarios are being integrated into the Financial Sector Assessment Program (FSAP) in Mexico.
  • IMF staff are studying how climate change and demographic developments affect macroeconomic outcomes including debt management.
• Inequality and social impacts:
  • IMF staff analyzed the distributional impact of the COVID-19 pandemic on the poor, including increased school dropouts in many developing countries.
  • The IMF designed fiscal policy tools to help address income inequality and poverty in Namibia.

Operational priorities and approaches

• Tailored programs designed in close consultation with policymakers in low income and emerging market countries.
• Targeted and timely capacity development support that adapts to evolving priorities and seeks to ensure progress toward the SDGs.
• Use of virtual delivery platforms and expanded online learning to deliver capacity development during the pandemic.
• Emphasis on crosscutting reforms that tackle inequality, climate change, and the growing digital divide.

Content in this bundle

• December 2021
  • December 2021 (Markdown version)
  • December 2021 (PDF)
• June 2021
  • June 2021 (Markdown version)
  • June 2021 (PDF)
• June 2022
  • June 2022 (Markdown version)
  • June 2022 (PDF)
• March 2022
  • March 2022 (Markdown version)
  • March 2022 (PDF)
• September 2021
  • September 2021 (Markdown version)
  • September 2021 (PDF)
• March 2021
  • March 2021 (Markdown version)
  • March 2021 (PDF)
• Capacity Development under COVID-19
  • Capacity Development under COVID-19 (Markdown version)
  • Capacity Development under COVID-19 (PDF)