- Michael Kell, Assistant Director, Independent Evaluation Office, IMF
- Michael Atingi-Ego, Deputy Governor, Bank of Uganda
- Erica Gerretsen, Head, Macro-economic Analysis, Fiscal Policies and Budget Support Unit, INTPA of the European Commission
- Steven Radelet, Donald F. McHenry Chair in Global Human Development, Georgetown University
- Sanjeev Gupta, Senior Policy Fellow, Center for Global Development
What is the impact of IMF-provided capacity development (CD) on IMF member countries developing their institutional and human capacity to design and implement sound macroeconomic and financial policies? Does the Fund identify the right priorities and is CD sufficiently integrated with the Fund’s surveillance and program engagement? These questions have become particularly relevant given that CD has expanded substantially in the last decade and now represents about one third of the IMF’s administrative budget.
These are the questions that the Independent Evaluation Office’s (IEO) latest evaluation seeks to answer assessing the IMF’s capacity development over the period 2012 to 2020. The report provides an assessment of: the strategic framework for prioritization of CD; information available to the IMF Board and opportunities to exercise its oversight role; the integration of CD with IMF surveillance and programs; CD ownership and delivery; the monitoring and evaluation framework; the sustainability of the CD funding model; and human resource policies and incentives to maintain and develop the expertise in the Fund’s core and newly emerging CD topics. It also provides an initial review of how IMF CD adapted to the challenges of the COVID-19 pandemic. Lessons from this evaluation are timely as the Fund is about to initiate its next five-year CD strategy review.
In this event, Michael Kell will present the CD report and the panelists will share their perspective on the CD’s work, this will be followed by an open discussion with questions from the audience.
If you have questions for our panelists, please submit your comments via YouTube.