TECHNICAL ASSISTANCE AND TRAINING: TACKLING THE CRISIS AND BUILDING INSTITUTIONS FOR THE FUTURE
Monday September 26, 2011
09:00 AM - 12:30 PM
HQ1 Meeting Hall A&B


Archive video link:
http://www.imf.org/external/am/2011/mmedia/view.aspx?vid=1180209045001

IMF technical assistance has helped many countries tackle the global crisis and build institutions for the future by addressing fiscal, debt, and data issues, and improving monetary operations, banking supervision, and liquidity management. Through its training arm, the IMF Institute, and its specialized departments, the IMF supports member priorities with policy-oriented training in areas like macroeconomic and financial market issues.

In two sessions, IMF specialist departments demonstrated, through case studies, how technical assistance and training have helped member countries address pressing needs, explaining, among other things, how:
  • the Fiscal Affairs Department worked with European countries to address major problems/shortcomings related to fiscal management and fiscal policies that were revealed by the economic crisis that started in 2008.
  • the Statistics Department helped Poland address the high level of errors and omissions in the Polish balance of payments, which had raised doubts on the country's economic performance at the time of the crisis and its aftermath.
  • the Monetary and Capital Markets Department helped seven Asian countries to strengthen bank supervision and regulation through a risk-based supervisory approach, and to attain recognized international standards by deploying long-term resident advisors and short-term experts.
  • the Legal Department assisted Peru in developing a national strategy for Anti-Money Laundering and Combating the Financing of Terrorism and assisted Georgia on the drafting of a Payment System Law
  • the IMF Institute offered training on macroeconomic management and debt issues for countries in East Africa.

Closing remarks by Nemat Shafik, Deputy Managing Director of the International Monetary Fund

Panelist(s):Andrzej Raczko , Board member, National Bank, Poland
Steingrímur Sigfússon , Minister of Finance, Iceland
Moderator(s):Pierre Laporte , Governor, Central Bank of Seychelles, Seychelles
Yuba Raj Khatiwada Governor, Nepal Rastra Bank, Nepal

Organized by:Norbert Funke, Office of Technical Assistance Management, IMF, organized in collaboration with Fund staff from the following departments: Fiscal Affairs Department, the IMF Institute, Legal Department, Monetary & Capital Markets Department, and Statistics Department.

Last modified on: 09/27/2011 12:38:05 PM