IMF – International Monetary Fund

Published purpose

The project aims to facilitate economic growth in the Central America, Panama and Dominican Republic Regional Technical Assistance Center’s (CAPTAC-DR) member countries, by strengthening the national and regional public institutions’ economic, financial, and statistical management capacities. The Center’s seven member countries are Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, and Panama. CAPTAC-DR responds to requests from the governments of member countries for macroeconomic technical assistance and training in areas such as, central banking, monetary and exchange rate policy, tax policy and administration, customs policy and administration, and financial statistics. Assistance is delivered through diagnostic and technical missions, regional workshops, and policy and program development support. Project activities include: (1) modernizing tax and customs administrations to increase revenue and facilitate trade; (2) strengthening public financial management systems to support the formulation of an efficient and sustainable public expenditure policy; (3) strengthening the regulation and supervision of the financial sector; (4) strengthening monetary frameworks to keep inflation low and stable; and (5) improving economic statistics to facilitate the decision-making process.