{
  "title": "Press Release: IMF and Partners Launch New Phases of the Managing Natural Resource Wealth and Revenue Mobilization Trust Funds",
  "publication": "IMF News, June 16, 2016",
  "sourceUrl": "https://www.imf.org/en/news/articles/2015/09/14/01/49/pr16288",
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  "summary": "The International Monetary Fund (IMF) and development partners launched new phases of:",
  "publishDate": "2016-06-16",
  "sections": [
    {
      "heading": "Summary of the announcement",
      "content": "- The International Monetary Fund (IMF) and development partners launched new phases of:\n  - the Managing Natural Resource Wealth Trust Fund (MNRW-TF), and\n  - the Revenue Mobilization Trust Fund (RM-TF).\n- Steering committee meetings were held in Washington from June 14–15, 2016.\n- Subject to contributions from development partners, the funds are expected to provide:\n  - about US$30 million for the MNRW-TF over six years, and\n  - about US$60 million for the RM-TF over six years.\n- Purpose: provide technical assistance and training to help low- and lower middle-income countries strengthen tax capacity and mobilize natural resource wealth."
    },
    {
      "heading": "Funding commitments and partner support",
      "content": "- RM-TF:\n  - Received strong support from partners and donors to the predecessor “Tax Policy and Administration” program.\n  - Japan confirmed an initial contribution of US$5 million.\n  - The European Commission (EC) expressed readiness to substantially increase its support in line with commitments made during the 2016 Spring Meetings.\n  - Discussions with new development partners on joining the RM-TF are promising.\n  - RM-TF chair Mr. Hubert Perr (EC) stated the fund will be a key tool for supporting the implementation of the Addis Ababa Action Agenda and the 2030 Sustainable Development Goals, and aligns with the Commission’s “Collect More, Spend Better” agenda.\n- MNRW-TF:\n  - Chair Mr. Trond Kvarsvik (Norwegian Agency for Development Cooperation) noted the fund’s second phase will significantly boost resources for resource-rich low- and lower middle-income countries amid the global commodity price slump.\n  - Partners confirmed sustained support to the fund’s second phase."
    },
    {
      "heading": "TADAT steering committee meeting",
      "content": "- Date: June 16, 2016.\n- Topics discussed:\n  - successes and ongoing development of the Tax Administration Diagnostic Assessment Tool (TADAT),\n  - agreement on next year’s strategic work and operational program."
    },
    {
      "heading": "Background and program footprints",
      "content": "- MNRW-TF:\n  - Launched in 2011 to help countries mobilize and manage natural resource wealth effectively and sustainably.\n  - To date has supported 34 projects in 19 countries.\n  - Current partners: Australia, the European Commission, Kuwait, the Netherlands, Norway, Oman, and Switzerland.\n- RM-TF (originally Tax Policy and Administration Trust Fund, TPA-TF):\n  - Launched in April 2011.\n  - Main objective: help low-income and lower middle-income countries establish well-designed and administered tax systems that generate sustainable revenue for essential public services.\n  - Partnering donors: Belgium, the European Commission, Germany, the Republic of Korea, Kuwait, Luxembourg, the Netherlands, Norway, and Switzerland.\n  - Currently supports 20 programs, the majority in Sub-Saharan Africa.\n- TADAT:\n  - An internationally-supported tool providing an objective and standardized performance assessment of a country’s tax administration system.\n  - Collaborative partners: the European Commission, Germany, Japan, the Netherlands, Norway, Switzerland, the United Kingdom, the World Bank and the IMF.\n  - The G20 Development Working Group on domestic resource mobilization supports continued development of TADAT and reports on progress with the tool as part of its monitoring framework."
    },
    {
      "heading": "Operational role and context",
      "content": "- Global thematic funds support IMF capacity development activities (technical assistance and training) in specialized thematic areas that complement regional technical assistance and training centers.\n- The RM-TF is intended to respond to the international call to raise domestic revenue mobilization and to scale up support to beneficiary countries.\n\nSource: IMF Press Release No. 16/288 (June 16, 2016).\n\n---\n\n\n References\n\n- PRESS CENTER\n- 2016 Spring Meetings\n- RM-TF\n- thematic funds\n- technical assistance\n- training\n- www.imf.org/capacitydevelopment\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2015/09/14/01/49/pr16288"
    }
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    "Published: June 16, 2016",
    "The International Monetary Fund (IMF) and development partners launched new phases of:",
    "Steering committee meetings were held in Washington from June 14–15, 2016.",
    "Subject to contributions from development partners, the funds are expected to provide:",
    "Purpose: provide technical assistance and training to help low- and lower middle-income countries strengthen tax capacity and mobilize natural resource wealth.",
    "RM-TF:",
    "MNRW-TF:",
    "Date: June 16, 2016.",
    "Topics discussed:",
    "MNRW-TF:",
    "RM-TF (originally Tax Policy and Administration Trust Fund, TPA-TF):",
    "TADAT:",
    "Global thematic funds support IMF capacity development activities (technical assistance and training) in specialized thematic areas that complement regional technical assistance and training centers.",
    "The RM-TF is intended to respond to the international call to raise domestic revenue mobilization and to scale up support to beneficiary countries.",
    "[PRESS CENTER](http://presscenter.imf.org/)",
    "[2016 Spring Meetings](https://www.imf.org/external/pubs/ft/survey/so/2016/pol041616a.htm)",
    "[RM-TF](https://www.imf.org/external/np/ins/english/tpattf.htm)",
    "[thematic funds](https://www.imf.org/external/np/exr/facts/ttf.htm)",
    "[technical assistance](https://www.imf.org/external/np/exr/facts/afritac.htm)",
    "[training](https://www.imf.org/external/np/exr/facts/training.htm)",
    "[www.imf.org/capacitydevelopment](https://www.imf.org/external/np/ins/english/index.htm)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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