{
  "title": "Closing Remarks Navigating the Economic Obstacle Course while Addressing Long-Term Challenges: The Role of IMF Capacity Development",
  "publication": "IMF News, April 28, 2022",
  "sourceUrl": "https://www.imf.org/en/news/articles/2022/04/28/sp042822-closing-remarks-gita-gopinath-imf-third-capacity-development-dialogue",
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  "summary": "Gita Gopinath concludes a discussion on capacity development, thanking participants for their insights and contributions. She emphasizes the importance of institution-building in responding to ongoing global challenges and promoting resilience and inclusivity.",
  "publishDate": "2022-04-28",
  "sections": [
    {
      "heading": "Summary of the event and remarks",
      "content": "- Speaker: Gita Gopinath.\n- Title of remarks: Closing Remarks at the IMF's Third Capacity Development Dialogue \"Navigating the Economic Obstacle Course while Addressing Long-Term Challenges: The Role of IMF Capacity Development\".\n- Date: April 28, 2022.\n- Core message: continued dialogue and partnership to strengthen institution-building, resilience, inclusivity, and to address long-term challenges through IMF capacity development (CD)."
    },
    {
      "heading": "Key findings and themes",
      "content": "- Institution-building is critical as policymakers respond to ongoing, multi-pronged shocks while managing unprecedented uncertainty and risks.\n- Addressing scarring effects from the pandemic and pursuing transformational reforms are central to achieving a resilient and inclusive future.\n- Capacity development acts as an antidote to fragmentation by sharing knowledge, expertise, and creating bonds between experts across countries to tackle common policy challenges.\n- Reinforcing existing partnerships and building new ones is essential to maintain global macroeconomic and financial stability and to secure a sustainable and inclusive recovery.\n- Widespread concern was noted about the future of multilateralism and fragmentation (as heard at the Spring meetings)."
    },
    {
      "heading": "Policy priorities and IMF CD commitments",
      "content": "- Continue to help develop more robust public financial management systems.\n- Continue to improve revenue mobilization.\n- Continue to strengthen monetary and exchange rate policy frameworks, bank supervision and governance.\n- Continue to support transformative policy actions addressing longer-term challenges, including:\n  - inequality,\n  - fragility,\n  - digitalization,\n  - climate change."
    },
    {
      "heading": "Role of partnerships and CD modalities",
      "content": "- CD is framed as a mechanism to counter fragmentation by:\n  - sharing knowledge and expertise,\n  - creating new bonds and relationships between experts across countries,\n  - tackling common policy challenges collaboratively.\n- Ongoing dialogues with country staff and steering committee meetings of thematic funds and regional capacity development centers help improve CD engagement and modalities."
    },
    {
      "heading": "Event and contact details",
      "content": "- Organized by: IMF Communications Department.\n- Media relations:\n  - PRESS OFFICER:\n  - Phone: +1 202 623-7100\n  - Email: MEDIA@IMF.org\n  - Twitter: @IMFSpokesperson"
    },
    {
      "heading": "Closing and next steps",
      "content": "- Appreciation expressed to participants and their staff for contributions that will inform the direction and modalities of future CD activities.\n- Commitment to continued support and partnership; anticipation of reconvening at the next Annual Meetings.\n- Formal close: \"The meeting is now closed, thank you.\"\n\nClosing Remarks at the IMF's Third Capacity Development Dialogue, April 28, 2022.\n\n---\n\n\n References\n\n- Gita Gopinath\n- Speeches\n- PRESS CENTER\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2022/04/28/sp042822-closing-remarks-gita-gopinath-imf-third-capacity-development-dialogue"
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    "Published: April 28, 2022",
    "Speaker: Gita Gopinath.",
    "Title of remarks: Closing Remarks at the IMF's Third Capacity Development Dialogue \"Navigating the Economic Obstacle Course while Addressing Long-Term Challenges: The Role of IMF Capacity Development\".",
    "Date: April 28, 2022.",
    "Core message: continued dialogue and partnership to strengthen institution-building, resilience, inclusivity, and to address long-term challenges through IMF capacity development (CD).",
    "Institution-building is critical as policymakers respond to ongoing, multi-pronged shocks while managing unprecedented uncertainty and risks.",
    "Addressing scarring effects from the pandemic and pursuing transformational reforms are central to achieving a resilient and inclusive future.",
    "Capacity development acts as an antidote to fragmentation by sharing knowledge, expertise, and creating bonds between experts across countries to tackle common policy challenges.",
    "Reinforcing existing partnerships and building new ones is essential to maintain global macroeconomic and financial stability and to secure a sustainable and inclusive recovery.",
    "Widespread concern was noted about the future of multilateralism and fragmentation (as heard at the Spring meetings).",
    "Continue to help develop more robust public financial management systems.",
    "Continue to improve revenue mobilization.",
    "Continue to strengthen monetary and exchange rate policy frameworks, bank supervision and governance.",
    "Continue to support transformative policy actions addressing longer-term challenges, including:",
    "CD is framed as a mechanism to counter fragmentation by:",
    "Ongoing dialogues with country staff and steering committee meetings of thematic funds and regional capacity development centers help improve CD engagement and modalities.",
    "Organized by: IMF Communications Department.",
    "Media relations:",
    "Appreciation expressed to participants and their staff for contributions that will inform the direction and modalities of future CD activities.",
    "Commitment to continued support and partnership; anticipation of reconvening at the next Annual Meetings.",
    "Formal close: \"The meeting is now closed, thank you.\"",
    "[Gita Gopinath](https://www.imf.org/en/about/senior-officials/bios/shirin-hamid)",
    "[Speeches](https://www.imf.org/en/news/searchnews)",
    "[PRESS CENTER](http://presscenter.imf.org/)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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