IMF and The Netherlands Launch New Program to Boost Capacity in Eastern and Southeastern Europe
IMF News, July 7, 2016
Source details
- Canonical URL
- IMF and The Netherlands Launch New Program to Boost Capacity in Eastern and Southeastern Europe
Other formats
Bibliographic details
- Published: July 7, 2016
Program overview
- The International Monetary Fund (IMF) and the Dutch Ministry of Foreign Affairs have launched a three-year capacity building program for nine countries in eastern and south-eastern Europe.
- Program name: “Netherlands-IMF Capacity Development Partnership Program”.
- Objective: strengthen economic institutions to foster economic growth and stability in the region, with supporting sound macroeconomic policies.
Funding and scope
- The Dutch Minister of Foreign Affairs Bert Koenders has committed 12 million euros (about US$13.3 million) to the program.
- The program builds on previous and ongoing IMF capacity development work in eastern and south-eastern Europe.
- The Netherlands has contributed approximately US$38 million over FY2010–16 to IMF Capacity Development activities.
Areas of focus
- Public finances (including revenue mobilization and public financial management).
- Monetary and financial areas (e.g, bank supervision and crisis preparedness).
- Statistics.
- Macroeconomic management.
Beneficiary countries
- The program will benefit countries represented by the Netherlands at the IMF Executive Board — Armenia, Bosnia and Herzegovina, Georgia, Macedonia, Moldova, Montenegro, and Ukraine — as well as Albania and Kosovo.
Context and complementarities
- The Netherlands is a strong supporter of IMF’s Capacity Development activities and an early supporter of IMF multi-partner vehicles.
- Prior Dutch contributions have supported regional centers in Africa and global funds focused on key topics, including Revenue Mobilization (RMTF), Managing Natural Resource Wealth (MNRW), Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT), and the Tax Administration Diagnostic Assessment Tool (TADAT).
- Bilateral programs complement the IMF’s multi-partner vehicles (regional technical assistance centers, regional training centers, and global funds) to assist member countries in building strong institutions and improving the implementation of their economic policies.
Contact and follow-up
- PRESS OFFICER: Lucie Mboto Fouda
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
- Follow IMF Capacity Development on Social Media: Twitter: @IMFCapDev Facebook: IMFCapacityDevelopment
- Website: www.imf.org/capacitydevelopment
Press Release No. 16/323 — July 7, 2016