IMF to open Re­gional Train­ing Cen­ter in Mau­ri­tius

The Pak Banker - - Front Page -

WASH­ING­TON

The In­ter­na­tional Mone­tary Fund (IMF) plans to es­tab­lish a Re­gional Train­ing Cen­ter (RTC) for Sub-Sa­ha­ran Africa in Mau­ri­tius. RTCs else­where in the world have fa­cil­i­tated the train­ing of gov­ern­ment of­fi­cials on the for­mu­la­tion and im­ple­men­ta­tion of macroe­co­nomic poli­cies as well as re­lated sta­tis­ti­cal and le­gal frame­works. With sup­port of donors, such cen­ters and pro­grams are op­er­a­tional in Aus­tria, Kuwait, and Sin­ga­pore, com­ple­ment­ing train­ing at IMF head­quar­ters. Thus, the new cen­ter will close a long­stand­ing gap, as Africa has lacked an IMF train­ing cen­ter de­spite con­sid­er­able train­ing needs. The RTC in Mau­ri­tius will start op­er­a­tions in 2013 with cour­ses and sem­i­nars cov­er­ing macroe­co­nomic pol­i­cy­mak­ing and fi­nan­cial pro­gram­ming, pub­lic fi­nance, ex­change rate and mone­tary poli­cies, eco­nomic in­te­gra­tion, and fi­nan­cial sec­tor is­sues, in­clud­ing bank­ing su­per­vi­sion.

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