2018 Review of the Fund's Capacity Development Strategy

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Capacity development (CD) is one of the Fund’s three core activities and has grown in importance in recent years.
CD supports member countries’ efforts to build the institutions and capacity necessary to formulate and implement sound economic policies, thereby complementing the Fund’s surveillance and lending mandates.
Member countries, partners, and external commentators give the Fund high marks for the quality of its CD.
The 2018 CD Strategy Review examines progress under the Fund’s 2013 CD Strategy and proposes a CD strategy for the next five years.

Substantial progress was made in addressing the 2013 recommendations, which included:
- strengthening the CD governance structure;
- enhancing the prioritization processes;
- clarifying the funding model;
- strengthening monitoring and evaluation;
- promoting greater integration of TA and training;
- exploiting new technologies for delivery; and
- leveraging CD as outreach.
Background work for the review also pointed to the need to strengthen the CD framework further.

Clearer roles and responsibilities for key internal and external stakeholders in the CD process.
Continued strengthening of prioritization and monitoring.
Better tailoring and modernization of CD delivery with a focus on implementation of TA recommendations.
Greater internal consultation and sharing of CD information.
Further progress in external coordination, communication, and dissemination of information (Annex I).