How does IMF provide technical assistance?
The IMF provides technical assistance and training mainly in four areas: monetary and financial policies (monetary policy instruments, banking system supervision and restructuring, foreign management and operations, clearing settlement systems for payments, and structure development of central banks);
What are the assistance provided by IMF?
The IMF provides financial assistance to low-income members in two ways: through concessional lending under the Poverty Reduction and Growth Facility (PRGF) and through debt relief under the Heavily Indebted Poor Countries (HIPC) Initiative.
Is considered a lender of last resort?
A lender of last resort is whoever you turn to when you urgently need funds and you’ve exhausted all your other options. Banks typically turn to their lender of last resort when they cannot get the funding they need for their daily business. In situations like that, central banks act as the lender of last resort.
Is IMF giving grants?
IMF Giving Together funds are for humanitarian purposes only and are separate from the IMF ‘s financial support for member countries and policy programs. Charitable grants and staff donations have totaled over $6 million since 1994….IMF Grants and Donations.
| Request a grant | Recipients of grants |
|---|---|
| Management Donations | In-Kind Donations |
What kind of technical assistance does the IMF provide?
The IMF provides technical assistance and training mainly in four areas: monetary and financial policies (monetary policy instruments, banking system supervision and restructuring, foreign management and operations, clearing settlement systems for payments, and structure development of central banks);
What are short term assignments for IMF experts?
IMF short-term TA assignments usually involve participation in headquarters-led diagnostic missions of one to two weeks, or standalone short-term assignments of up to one month to provide hands on advisory assistance to country authorities. Occasionally, experts are sought for longer-term assignments in a country.
What is the fiscal affairs department at the IMF?
The Fiscal Affairs Department (FAD) provides TA in fiscal policy and management (including, macro-fiscal policy; tax and customs policy and administration; budget formulation and management, accounting, reporting, and cash and debt management; short-term expenditure rationalization, social security reform, and design of social safety nets).
What kind of work did Alex do at the IMF?
Alex began his IMF career as economist in the Fiscal Affairs Department in the 1990s, participating in missions on surveillance, program work, and Technical Assistance. Alex has published widely in macroeconomics, economic growth, international economics, and the political economy of international organizations.