## Monetary and Capital Markets Department: Technical Assistance Handbook

## Source details

**Canonical URL:** [Monetary and Capital Markets Department: Technical Assistance Handbook](https://www.imf.org/en/publications/miscellaneous-publications/issues/2022/01/18/monetary-and-capital-markets-department-technical-assistance-handbook)

## Other formats

- [Markdown version](/en/publications/miscellaneous-publications/issues/2022/01/18/monetary-and-capital-markets-department-technical-assistance-handbook/index.md)
- [Structured JSON version](/en/publications/miscellaneous-publications/issues/2022/01/18/monetary-and-capital-markets-department-technical-assistance-handbook/index.json)
- [Bundle manifest](/en/publications/miscellaneous-publications/issues/2022/01/18/monetary-and-capital-markets-department-technical-assistance-handbook/bundle-manifest.json)

## Bibliographic details
- Published: May 13, 2026

---

### Purpose (Why?)
- Distill, document and make widely available lessons learnt from MCM technical assistance (TA) over a long period of time while incorporating lessons learnt globally.
- Highlight and promote good practices and support the consistency of MCM’s advice.
- Recognize that one size solutions can not fit all; all advice needs to be tailored to country-specific circumstances.
- Target challenges faced by authorities in emerging and low-income countries and in countries that manage substantial natural resource wealth.

### Scope and Content (What?)
- The handbook comprises self-contained, issue-specific chapters with cross-references on overlapping issues where needed.
- Chapters will be added as they are available and may be updated as new lessons come to light.
- This handbook covers the following broad topics:
  - Monetary policy frameworks and transitions,
  - Forecasting and Policy Analysis Systems (FPAS),
  - Effective policy communications
  - Operational frameworks
  - Foreign exchange operations and intervention strategies
  - Financial market development,
  - International reserves management,
  - Central bank governance and risk management,
  - Cash currency management
  - Central bank accounting, audit, and finances

### Audience (Who for?)
- Targeted at those who provide TA on the identified issues (both IMF and non-IMF personnel).
- Targeted at practitioners in central banks and other relevant institutions.
- Individual chapters of the handbook are published on this website as soon as they become available.

### Publication and Access
- Page listing shows: May 2026.
- Related IMF publications and dates visible on the landing page include:
  - World Economic Outlook — Global Economy in Crosscurrents of War and Technology — July 8, 2026
  - Global Financial Stability Report — Global Financial Markets Confront the War in the Middle East and Amplification Risks — April 14, 2026
  - Fiscal Monitor — Fiscal Policy under Pressure: High Debt, Rising Risks — April 15, 2026
  - Annual Report of the Executive Board — Getting to Growth in an Age of Uncertainty — September 24, 2025

*Monetary and Capital Markets Department: Technical Assistance Handbook — May 2026. International Monetary Fund.*

---

## Content in this bundle

- **Central Bank Communications**
  - [Central Bank Communications (Markdown version)](/-/media/files/publications/miscellaneous/english/2022/mcm-technical-assistance-handbook/central-bank-communications.pdf.md){rel="alternate" type="text/markdown"}
  - [Central Bank Communications (PDF)](/-/media/files/publications/miscellaneous/english/2022/mcm-technical-assistance-handbook/central-bank-communications.pdf){rel="external" type="application/pdf"}
- **choice-of-exchange-rate-arrangement**
  - [choice-of-exchange-rate-arrangement (Markdown version)](/-/media/files/publications/miscellaneous/english/2022/mcm-technical-assistance-handbook/choice-of-exchange-rate-arrangement.pdf.md){rel="alternate" type="text/markdown"}
  - [choice-of-exchange-rate-arrangement (PDF)](/-/media/files/publications/miscellaneous/english/2022/mcm-technical-assistance-handbook/choice-of-exchange-rate-arrangement.pdf){rel="external" type="application/pdf"}
- **Liquidity Forecasting—Part II: The Statistical Component**
  - [Liquidity Forecasting—Part II: The Statistical Component (Markdown version)](/-/media/files/publications/miscellaneous/english/2022/mcm-technical-assistance-handbook/liquidity-forecasting-part-ii.pdf.md){rel="alternate" type="text/markdown"}
  - [Liquidity Forecasting—Part II: The Statistical Component (PDF)](/-/media/files/publications/miscellaneous/english/2022/mcm-technical-assistance-handbook/liquidity-forecasting-part-ii.pdf){rel="external" type="application/pdf"}
- **Reserverequirements**
  - [Reserverequirements (Markdown version)](/-/media/files/publications/miscellaneous/english/2022/reserverequirements.pdf.md){rel="alternate" type="text/markdown"}
  - [Reserverequirements (PDF)](/-/media/files/publications/miscellaneous/english/2022/reserverequirements.pdf){rel="external" type="application/pdf"}
- **Transitioningoperationaltargets**
  - [Transitioningoperationaltargets (Markdown version)](/-/media/files/publications/miscellaneous/english/2022/transitioningoperationaltargets.pdf.md){rel="alternate" type="text/markdown"}
  - [Transitioningoperationaltargets (PDF)](/-/media/files/publications/miscellaneous/english/2022/transitioningoperationaltargets.pdf){rel="external" type="application/pdf"}
- **ta-handbook-chapter-foreign-exchange-reference-rates**
  - [ta-handbook-chapter-foreign-exchange-reference-rates (Markdown version)](/-/media/files/publications/miscellaneous/english/2025/ta-handbook-chapter-foreign-exchange-reference-rates.pdf.md){rel="alternate" type="text/markdown"}
  - [ta-handbook-chapter-foreign-exchange-reference-rates (PDF)](/-/media/files/publications/miscellaneous/english/2025/ta-handbook-chapter-foreign-exchange-reference-rates.pdf){rel="external" type="application/pdf"}
- **Liquidity Forecasting—Part I: The Institutional Arrangements**
  - [Liquidity Forecasting—Part I: The Institutional Arrangements (Markdown version)](/-/media/files/publications/miscellaneous/english/2025/ta-handbook-chapter-liquidity-forecasting-parti-the-institutional-arrangements.pdf.md){rel="alternate" type="text/markdown"}
  - [Liquidity Forecasting—Part I: The Institutional Arrangements (PDF)](/-/media/files/publications/miscellaneous/english/2025/ta-handbook-chapter-liquidity-forecasting-parti-the-institutional-arrangements.pdf){rel="external" type="application/pdf"}
- **Repo Market Development — IMF | MCM Technical Assistance Handbook**
  - [Repo Market Development — IMF | MCM Technical Assistance Handbook (Markdown version)](/-/media/files/publications/miscellaneous/english/2026/mcm-ta-handbook-chapter-2026-july-repo-market-development-mcmco.pdf.md){rel="alternate" type="text/markdown"}
  - [Repo Market Development — IMF | MCM Technical Assistance Handbook (PDF)](/-/media/files/publications/miscellaneous/english/2026/mcm-ta-handbook-chapter-2026-july-repo-market-development-mcmco.pdf){rel="external" type="application/pdf"}
- **ta-handbook-chapter-2026-jun-foreign-reserves-management-part-i**
  - [ta-handbook-chapter-2026-jun-foreign-reserves-management-part-i (Markdown version)](/-/media/files/publications/miscellaneous/english/2026/ta-handbook-chapter-2026-jun-foreign-reserves-management-part-i.pdf.md){rel="alternate" type="text/markdown"}
  - [ta-handbook-chapter-2026-jun-foreign-reserves-management-part-i (PDF)](/-/media/files/publications/miscellaneous/english/2026/ta-handbook-chapter-2026-jun-foreign-reserves-management-part-i.pdf){rel="external" type="application/pdf"}

---

## References

- [Sign up to receive free e-mail notices when new series and/or country items are posted on the IMF website.](https://www.imf.org/en/email-subscription/index)
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- [https://www.imf.org/en/publications/weo](https://www.imf.org/en/publications/weo)
- [Global Economy in Crosscurrents of War and Technology](https://www.imf.org/en/publications/weo/issues/2026/07/08/world-economic-outlook-update-july-2026)
- [https://www.imf.org/en/publications/gfsr](https://www.imf.org/en/publications/gfsr)
- [Global Financial Markets Confront the War in the Middle East and Amplification Risks](https://www.imf.org/en/publications/gfsr/issues/2026/04/14/global-financial-stability-report-april-2026)
- [https://www.imf.org/en/publications/fm](https://www.imf.org/en/publications/fm)
- [Fiscal Policy under Pressure: High Debt, Rising Risks](https://www.imf.org/en/publications/fm/issues/2026/04/15/fiscal-monitor-april-2026)
- [https://www.imf.org/en/publications/reo](https://www.imf.org/en/publications/reo)
- [Asia and Pacific](https://www.imf.org/en/publications/reo/apac)
- [Europe](https://www.imf.org/en/publications/reo/eu)
- [Middle East and Central Asia](https://www.imf.org/en/publications/reo/meca)
- [Sub-Saharan Africa](https://www.imf.org/en/publications/reo/ssa)
- [Western Hemisphere](https://www.imf.org/en/publications/reo/wh)
- [https://www.imf.org/en/publications/areb](https://www.imf.org/en/publications/areb)
- [Getting to Growth in an Age of Uncertainty](https://www.imf.org/en/publications/areb/issues/2025/09/24/annual-report-2025)
- [More Publications](https://www.imf.org/en/publications)
- [https://www.imf.org/en/home](https://www.imf.org/en/home)

_Source: https://www.imf.org/en/publications/miscellaneous-publications/issues/2022/01/18/monetary-and-capital-markets-department-technical-assistance-handbook_