What is capacity development?
Strengthening the capacity of institutions—including central banks, finance ministries, revenue administrations, statistical agencies, and financial sector supervisory agencies—results in more effective policies and greater economic stability. The IMF works with member countries to modernize their economic policies and make institutions more effective by providing demand-driven, tailored technical assistance and training focused on issues that are critical to economic stability and growth. Capacity development can help countries improve tax collection, modernize monetary and exchange rate policies, develop legal systems, strengthen governance, collect and disseminate data, and much more.
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