Wednesday October 10, 2012
02:00 PM - 04:00 PM
Hotel Okura Heian

With the continued uncertainties in the global economy, the demand for capacity development (technical assistance and training) has continued to rise. Spillovers of economic problems in advanced economies, volatile oil and commodity prices, and lackluster growth are posing policy challenges for many countries. Building institutions is vital to reduce vulnerability to shocks and to put in place policies that support growth and reduce poverty.

Along with surveillance and lending, capacity development is one of the Fund's core activities. It helps member countries strengthen skills and institutions to achieve macroeconomic stability. Combining technical assistance and training, IMF capacity development is closely integrated with surveillance and lending to effect maximum impact. Many donors, including our largest contributor, Japan, have been partners of the IMF's capacity development work, supporting many countries around the globe. Policy and hands-on advice have led to better policies in areas as diverse as public financial management, tax policy, banking supervision, debt management, statistics, and anti-Money laundering and combating the financing of terrorism.

This two-hour seminar looked at the future of the IMF's capacity development activities and how IMF technical assistance and training could be more effective in helping member countries. It would draw lessons from past experience on how capacity development could achieve better and longer-lasting results.

Key questions addressed included:  
  • How do IMF technical assistance and training help member countries?
  • What are examples of best practice in capacity development? What are the pitfalls?
  • How can effectiveness in capacity development be measured?
  • How can capacity development providers best work together to ensure that the effects of technical assistance and training are sustainable?
  • What are some of the key lessons from the IMF's technical assistance?

Opening Remarks:Nemat Shafik , Deputy Managing Director, International Monetary Fund
Masatsugu Asakawa , Senior Deputy Director-General, International Bureau, Ministry of Finance, Japan

Panelist(s):Sharmini Coorey , Director, Institute for Capacity Development, International Monetary Fund
Carlo Cottarelli , Director, Fiscal Affairs Department, International Monetary Fund
Samura Wilson Mathew Kamara , Minister of Finance and Economic Development, Sierra Leone
Yuba Raj Khatiwada , Governor, Nepal Rastra Bank
Takashi Miyahara , Director, International Organizations Division, International Bureau, Ministry of Finance, Japan
Emilia Pires , Minister of Finance, Timor-Leste
Lant Pritchett , Development and Faculty Chair of the Masters in Public Policy in International Development Program, Harvard's Kennedy School of Government, United States
Ma. Dolores B. Yuvienco , Assistant Governor, Supervision and Examinations, Bangko Sentral ng Pilipinas, Philippines
Moderator(s):Nemat Shafik , Deputy Managing Director, International Monetary Fund

Organized by:Roberto Rosales, Harish Mendis, and Nobuyuki Imamura, Institute for Capacity Development - International Monetary Fund; in collaboration with the Ministry of Finance, Japan