The IMF’s Regional Technical Assistance Centres (RTACs) provide macroeconomic advice and capacity building based on a regional delivery model. The RTACs are part of the IMF’s overall capacity development programme. The regional delivery model allows for better tailoring of assistance to the particular needs of a region, closer coordination with other assistance providers, and an enhanced ability to respond quickly to emerging needs.

Improve institutional and human capacity for effective macroeconomic policy that aims to achieve a higher, inclusive and sustainable growth and helps to advance on the SDGs while preserving macroeconomic stability.

Achieve a more risk-oriented banking supervisory and a regulatory framework that enhances financial stability- and support long-term capacity building to efficiently supervise, monitor and assess the soundness of conventional and Islamic banks and reduce financial sector vulnerabilities.

Establish an integrated budget planning and management process that effectively links policies to public resource allocation, and further develop treasury systems, including government banking arrangements, commitment controls and financial management information systems.

Achieve real improvements in revenue performance through enhancing strategic focus and optimizing the allocation and development of resources and systems, and increase taxpayer compliance through enhanced transparency and governance procedures.

Bring member countries closer to compliance with international standards for the compilation of external statistics, national accounts and price statistics.

Expected results:  

TA reports

Draft laws, regulations and manuals

Workshops and seminars

Hands-on training

Results from previous phases:  

In the last phase only the AFRITAC South received SECO support. Good progress has been achieved across the form and function of operations in finance ministries, central banks, revenue administrations, and statistical agencies in all member countries of the AFRITAC South. Out of the 26 outcomes set for phase I, 21 were fully and 5 partially met by end-April 2017. The adoption of good international practices, updated methodologies, principles, and regulatory frameworks support greater transparency, improved reporting, and accountability across the region – factors which are significantly important for investment and sustained economic growth.

Phase 4 01.11.2016 - 30.04.2022   (Active)