{
  "title": "Public Information Notice: IMF Executive Board Reviews the Fund’s Capacity Development Strategy",
  "publication": "IMF News, June 27, 2013",
  "sourceUrl": "https://www.imf.org/en/news/articles/2015/09/28/04/53/pn1372",
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  "summary": "Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.",
  "publishDate": "2013-06-27",
  "sections": [
    {
      "heading": "Background",
      "content": "- Publication date: June 27, 2013.\n- Public Information Notice (PIN) No. 13/72.\n- On June 12, 2013, the Executive Board considered the staff report “The Fund’s Capacity Development Strategy—Better Policies through Stronger Institutions.”\n- Key context and definitions:\n  - Capacity development (CD) services comprise technical assistance (TA) and training focused on the Fund’s core macroeconomic and financial mandates.\n  - CD is one of the Fund’s core activities alongside surveillance and lending.\n  - The quality of economic institutions (ministries of finance, central banks, statistical agencies) depends on people, policymaking approaches, and legal and governance structures."
    },
    {
      "heading": "Executive Board assessment — overarching messages",
      "content": "- Directors welcomed the discussion and reaffirmed the main objective of the Fund CD program: to help build institutions and capacity in member countries to formulate and implement sound economic and financial policies.\n- Directors reiterated support for the key attributes of Fund technical assistance as defined in the 2011 TA review and agreed these attributes apply to training as well:\n  - (i) focused on the Fund’s core macroeconomic and financial mandate;\n  - (ii) integrated with other core responsibilities of the Fund;\n  - (iii) nimble in response to changes in country needs;\n  - (iv) effective in strengthening institutional capacity.\n- Directors noted training and TA share many conceptual elements, allowing integration into an overall CD strategy.\n- Directors endorsed updating the policy statement covering CD services and putting CD on an equal footing with surveillance and lending by mandating regular and well-integrated reviews."
    },
    {
      "heading": "Prioritization, planning, and country demand",
      "content": "- Prioritization is a key element of the CD strategy.\n- Principles and proposals endorsed by Directors:\n  - CD activities should be driven by country demand.\n  - Allocation of scarce CD resources across regions and topics should take into account the Fund’s overall strategic priorities as elaborated in the context of the global policy agenda (GPA).\n  - Endorsement of a two-level prioritization system reflecting both individual country demands and the Fund’s overall objectives.\n  - Development of staff guidance on preparation of regional strategy notes.\n  - Importance of ensuring authorities’ views are fully reflected in the Fund’s CD prioritization process."
    },
    {
      "heading": "Funding and donor coordination",
      "content": "- Observations and endorsements:\n  - Donor funding has emerged as an important source for Fund CD financing and is likely to continue.\n  - Donor-financed projects should be fully integrated into the Fund’s strategic planning and budget process.\n  - Endorsed a set of funding principles for CD covering the role of the Fund, the role of donors, and the additionality of donor funding.\n  - Funding principles should aim to:\n    - ensure adequate funding for CD in crisis situations;\n    - allow donor funding where objectives coincide;\n    - rely on Fund financing when donor support is not available.\n  - Emphasis on maintaining close and flexible coordination among the Fund, donors, and recipient countries.\n  - Importance of integrating the Fund’s TA and training activities with those of other international institutions and collaboration with regional and national organizations."
    },
    {
      "heading": "Monitoring, evaluation, and results-based management",
      "content": "- Directors considered regular evaluation crucial for learning and accountability.\n- Endorsements and plans:\n  - Strengthen the monitoring and evaluation framework, including using evaluation feedback in prioritization and delivery of CD.\n  - Merit seen in a unified approach to evaluation to distill lessons, including independent external assessments as appropriate.\n  - Continue implementing results-based management with increasing emphasis on outcomes and clear objectives.\n  - The Fund uses a number of different evaluation instruments."
    },
    {
      "heading": "Information and communications technology, dissemination, and visibility",
      "content": "- Directors supported leveraging advances in information and communication technology to enhance effectiveness and reach of Fund CD.\n  - Favorable view of further development of online courses.\n  - Some Directors stressed finding the right balance between online and face-to-face training.\n- Directors observed Fund CD activities are relatively less well-known than other areas of Fund work and encouraged further efforts to promote this line of work.\n- Dissemination principles reaffirmed:\n  - Reaffirmation of the 2008 principles for dissemination of TA information.\n  - Some Directors noted sensitivities related to CD activities in some countries; others encouraged wider dissemination subject to voluntary publication."
    },
    {
      "heading": "Implementation timing",
      "content": "- It is expected that the next review of the Fund’s capacity development activities will be completed no later than June 2017.\n\nPublic Information Notice No. 13/72, June 27, 2013.\n\n---\n\n Content in this bundle\n\n- 101911pdf (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\n References\n\n- Public Information Notices\n- http://www.imf.org/external/np/sec/misc/qualifiers.htm\n- The Fund’s Capacity Development Strategy—Better Policies through Stronger Institutions\n- 2008\n- 2008 review of training\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2015/09/28/04/53/pn1372"
    }
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    "Published: June 27, 2013",
    "Publication date: June 27, 2013.",
    "Public Information Notice (PIN) No. 13/72.",
    "On June 12, 2013, the Executive Board considered the staff report “The Fund’s Capacity Development Strategy—Better Policies through Stronger Institutions.”",
    "Key context and definitions:",
    "Directors welcomed the discussion and reaffirmed the main objective of the Fund CD program: to help build institutions and capacity in member countries to formulate and implement sound economic and financial policies.",
    "Directors reiterated support for the key attributes of Fund technical assistance as defined in the 2011 TA review and agreed these attributes apply to training as well:",
    "Directors noted training and TA share many conceptual elements, allowing integration into an overall CD strategy.",
    "Directors endorsed updating the policy statement covering CD services and putting CD on an equal footing with surveillance and lending by mandating regular and well-integrated reviews.",
    "Prioritization is a key element of the CD strategy.",
    "Principles and proposals endorsed by Directors:",
    "Observations and endorsements:",
    "Directors considered regular evaluation crucial for learning and accountability.",
    "Endorsements and plans:",
    "Directors supported leveraging advances in information and communication technology to enhance effectiveness and reach of Fund CD.",
    "Directors observed Fund CD activities are relatively less well-known than other areas of Fund work and encouraged further efforts to promote this line of work.",
    "Dissemination principles reaffirmed:",
    "It is expected that the next review of the Fund’s capacity development activities will be completed no later than June 2017.",
    "[101911pdf (PDF)](/-/media/websites/imf/imported/external/np/pp/eng/2011/_101911pdf.pdf){rel=\"external\" type=\"application/pdf\"}",
    "[Public Information Notices](https://www.imf.org/en/news/searchnews)",
    "[http://www.imf.org/external/np/sec/misc/qualifiers.htm](https://www.imf.org/external/np/sec/misc/qualifiers.htm)",
    "[The Fund’s Capacity Development Strategy—Better Policies through Stronger Institutions](https://www.imf.org/external/pp/longres.aspx?id=4778)",
    "[2008](https://www.imf.org/external/pp/longres.aspx?id=4249)",
    "[2008 review of training](https://www.imf.org/external/pp/longres.aspx?id=4257)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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