1. I N T E R N A T I O N A L M O N E T A R Y F U N D
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2. THE IMF’S INSTITUTE FOR CAPACITY DEVELOPMENT
Capacity development is a core mandate,
along with surveillance and lending, of the
International Monetary Fund. The Institute for
Capacity Development (ICD) is responsible for:
❱ Strengthening the IMF’s strategic approach
to technical assistance (TA) and training, the
two pillars of IMF capacity development;
❱ Delivering world-class training to the IMF’s
global membership, and overseeing the
network of regional technical assistance and
training centers;
❱ Capitalizing on synergies between TA and
training, and conducting periodic reviews on
the effectiveness of these activities; and
❱ Forging partnerships with donors to meet
capacity development needs around the world.
The IMF work on capacity development
is managed from the headquarters in
Washington, D.C. and from a large global
network of regional technical assistance and
training centers. This regional approach has
important benefits:
❱ Enhanced ability to meet specific regional
needs and to respond quickly to changing
economic priorities;
❱ Close coordination with the surveillance and
lending activities of IMF area departments; and
❱ Increased cooperation with other TA and
training providers and donors.
Stronger institutions and skills
for better macroeconomic
policymaking
“ “Building better institutions is key to help
achieve macroeconomic stability, strengthen
the resilience to shocks, and promote
sustainable growth, all essential to raising
living standards.
NEMAT SHAFIK,
Deputy Managing Director, International Monetary Fund

3. Regional Training Program Technical Assistance Office1
IMF Headquarters
Regional Technical Assistance Center (RTAC)Regional Training Center (RTC)
1
Thailand Technical Assistance Office for the Lao P.D.R. and the Republic of the Union of Myanmar
A GLOBAL PARTNERSHIP WITH A GLOBAL REACH
The IMF continues to develop partnerships with
donors to expand capacity development for
IMF member countries. Capacity development
now accounts for about one-quarter of the IMF’s
operating budget. More than three-quarters of
field delivery of TA and one-half of training are
financed by donors.
The Institute for Capacity Development is the
IMF’s primary interface with donors:
❱ It works with donors and other key
stakeholders to support the IMF’s capacity
development strategy;
❱ It ensures careful stewardship of donor funds;
and
❱ It keeps donors informed about progress
toward meeting countries’ TA and training
needs.
Donors and RTC/RTAC Host Countries
African Development Bank, Asian Development
Bank, Australia, Austria, Barbados, Belgium,
Bill & Melinda Gates Foundation, Brazil, Central
American Bank for Economic Integration,
Canada, Caribbean Development Bank, China,
Côte d’Ivoire, Denmark, European Bank for
Reconstruction and Development, European
Investment Bank, European Union, Fiji, France,
Ghana, Gabon, Germany, Guatemala, Islamic
Development Bank, Inter-American Development
Bank, Italy, Japan, Korea, Kuwait, Lebanon,
Luxembourg, Mauritius, Mexico, Netherlands,
New Zealand, Norway, Oman, Qatar, Saudi
Arabia, Singapore, Spain, Sweden, Switzerland,
Tanzania, Thailand, United Arab Emirates, United
Kingdom, United States.

4. “
TECHNICAL ASSISTANCE AND TRAINING
IMF technical assistance helps member
countries develop more effective institutions,
legal frameworks, and policies to promote
economic stability and growth.
❱ The IMF provides TA in its areas of expertise,
including macroeconomic policy, tax policy
and revenue administration, expenditure
management, debt sustainability analysis and
public debt management, central banking,
regulation and supervision, statistics, and
anti-money laundering.
❱ Spending on TA reached approximately
$210 million in FY2013; the strong
expansion of TA delivery since FY2009
(about 55 percent) has nearly all been
financed by donors.
❱ The IMF delivers TA from its headquarters
and through nine regional technical
assistance centers.
IMF training strengthens the ability of officials
to analyze economic developments and
formulate and implement effective policies.
❱ Training spans macro-financial linkages,
monetary and fiscal policy, balance-of-
payments issues, financial markets and
institutions, as well as statistical and legal
frameworks in these areas.
❱ Courses are regularly updated and new ones
added to meet the training needs of country
officials. To keep the curriculum relevant,
the ICD engages in constant dialogue with
member countries.
❱ Donor financing has supported a steady
expansion of the IMF training program since
FY2009, reaching about 7,700 officials dur-
ing 12,100 weeks of training in FY2013.
❱ Training is conducted through delivery of
courses at IMF headquarters, a global
network of seven regional training centers,
and programs and in cooperation with other
training partners.
What sets IMF courses apart?
❱ Strong policy orientation drawn from the
IMF’s surveillance and program work;
❱ Emphasis on practical learning and peer-to-
peer exchanges through hands-on workshops
using actual country data; and
❱ Lasting networks among officials.
“We aim to tailor provision of training and
technical assistance tightly to the individual
needs of our member countries and to deliver
such support in a well-coordinated manner.
SHARMINI COOREY,
Director, Institute for Capacity Development

5. A TRACK RECORD OF EXCELLENCE
The IMF relies on a robust monitoring and
evaluation program to ensure that its TA and
training meet the needs of member countries.
The number of evaluations and assessments
have been expanded to ensure that the IMF is
responding to changing needs in the aftermath
of the global crisis, and to assure donors that the
benefits from TA and training are sustained.
Results of Technical Assistance:
❱ Improved capacity to design and implement
sound macroeconomic policies;
❱ Improved macroeconomic stability, public
finance management systems, and financial
governance;
❱ Higher revenue and effective, transparent use
of resources/budget support;
❱ More growth-oriented financial systems;
❱ Progress toward regional economic
integration; and
❱ Better economic data to underpin country
policy design and monitoring.
Evaluation of technical assistance: Indepen-
dent external evaluations of regional technical
assistance centers and topical trust funds are
conducted toward the end of each funding cycle,
informing the next program. The IMF is adopting
a results-based management approach that
allows for systematic planning and monitoring of
technical assistance.
❱ Eighty-five percent of TA recipients across
RTACs rated the efficacy of TA either “good” or
“excellent” in these independent evaluations.
Results of Training:
❱ Recipients of training do their jobs better;
❱ The ability of officials to analyze economic
developments, to forecast, and to provide
policy advice is strengthened;
❱ Officials share their new knowledge with
colleagues; and
❱ Officials have been given added responsibili-
ties and their career opportunities have im-
proved as a result of the training, increasing
the likelihood that they will remain and utilize
their added skills in government service.
Evaluation of training: The IMF uses quantitative
and qualitative evaluations of training from par-
ticipants at the end of every course and surveys
conducted by an independent market research
firm. The feedback through all these evaluation
channels is very positive.
❱ In the 2012 survey of agencies that sent
officials to training, 98 percent of respon-
dents expressed satisfaction with the train-
ing received — the highest approval in the
program’s history.
❱ Ninety-two percent of responding agencies
said that their staff values IMF training
more than training by other providers on
similar topics.

6. CONTACT THE INSTITUTE FOR CAPACITY DEVELOPMENT
Address:
Institute for Capacity Development
International Monetary Fund
700 19th Street, NW
Washington, DC 20431
U.S.A.
Telephone: + (202) 623-6660
Fax: + (202) 623-6490
E-mail:
ICDINFO@imf.org
IMF training catalog:
www.imf.org/institute
IMF technical assistance
and training:
http://www.imf.org/TA-Training
TESTIMONIALS
“This course has greatly improved my ability to
forecast the impact of macroeconomic policy
and development projects on my country’s
economy. The knowledge I received from attend-
ing this workshop has impressed my superiors to
the point that I have been given greater respon-
sibility and the opportunity for promotion.”
Participant in “Macroeconomic
Management and Fiscal Policy”
course, 2010
“The diversity of experiences and perspectives
that everyone brought to the discussions
pushed each of us out of our comfort zone of
conventional thinking and into much deeper
analysis.”
Participant in “Financial Programming
and Policies through Distance
Learning” course, 2006
“I am truly grateful to the IMF Institute for
providing us this opportunity to learn and
gain valuable insights into the world of
finance and macroeconomics, particularly
at a time when the world appears to have
emerged from the greatest financial crisis
we have ever seen….I would like to express
my deep appreciation for the work of the
IMF Institute, in terms of its efforts to impart
and share knowledge across the globe and
in contributing to the development of human
capital.”
Participant in “Finance for
Macroeconomists” course, 2011
“I find it hard to suggest improvements to the
way the mission was carried out. The members
held discussions with a wide range of stake-
holders. They worked very hard and showed
an impressive willingness and ability to get ac-
quainted with our situation and empathy with
the enormity of the tasks facing us.”
TA recipient, Iceland, 2011
“The mission was very positive and provided a
framework for increased revenue collections
in the future. The team also comprehensively
covered areas in revenue administration reform
which have been particularly useful, and the
aide memoire can be used as a guide for tax
reform in the future.”
TA recipient, Timor-Leste, 2011
“Critical to our reform was the crafting of the
public financial management laws. The IMF
fielded a technical advisor for more than a
year that worked with us, discussed the details,
nuances, and challenges, and was with us
during the process of the legislative review and
approval. What this has done is put together
an overarching frame of laws for public finan-
cial management.”
TA recipient, Liberia, 2012