Although Regional Technical Assistance Center (RTAC) target countries operate in diverse economic environments, they experience common difficulties in macroeconomic policy design and implementation. While for a minority of the countries, debt levels remain low as share of GDP, the trend is on the rise across Africa and the Central Asian and Caucasus region. Risks of further deterioration of fiscal conditions loom dark in the absence of increased revenue mobilization efforts and improved expenditure management. RTACs offer capacity building covering all fields of the IMF's expertise to adress these issues.

To support countries to design and implement macroeconomic policies that promote inclusive growth and help advance on the Sustainable Development Goals (SDGs) by building government’s institutional and human capacity and by providing technical advice in core areas of the IMF’s expertise.

Improve domestic revenue management

Modernize public financial management systems

Strengthen public debt management

Enhance financial regulation and supervision

Improve availability and quality of macroeconomic data

Expected results:  

Regional workshops

Bilateral assistance

Technical notes/research papers

Medium term revenue strategies

Medium term expenditure frameworks

Technical tools for macro-fiscal forecast

Fiscal risk analysis

Debt sustainability analysis

Debt management strategies

Bank risk assessment frameworks

Compilation and dissemination of data on macroeconomic and financial statistics

Results from previous phases:  

Tax legislative frameworks strengthened

High integrity taxpayer register tool built

Forecasting tools strenghtend

Budgeting processes enhanced

Institutional cooperation enhanced

Regulatory frameworks for financial risk management updated

Risk-based supervisory manuals drafted