IMF – International Monetary Fund

Published purpose

The project works to build the capacity of governments across the Caribbean to strengthen their institutional and human capacity to design and implement sound macroeconomic policies to promote growth and reduce poverty. The project works to achieve these objectives through delivery mechanisms such as providing technical assistance and training to long-term experts based in the region, as well as short-term advisory assignments, in-country workshops, and regional training seminars. There are 10 technical specialists based in Barbados, where the Caribbean Regional Technical Assistance Center (CARTAC) is headquartered, who are engaged in supporting a wide range of economic areas: financial stability, tax administration, customs, financial sector supervision, macroeconomic programming, real sector statistics, external sector statistics, and public financial management (PFM). CARTAC was established in November 2001 and is one of ten International Monetary Fund (IMF) Regional Technical Assistance Center. CARTAC is in its fifth phase of operations, and is a pooled funding mechanism of donor and Caribbean country resources that supports 23 countries across the Caribbean: Anguilla, Antigua and Barbuda, Aruba, the Bahamas, Barbados, Belize, Bermuda, British Virgin Islands, Cayman Islands, Curaçao, Dominica, Grenada, Guyana, Haiti, Jamaica, Monserrat, St. Kitts and Nevis, Saint Lucia, Sint Maarten, St. Vincent and the Grenadines, Suriname, Trinidad and Tobago, and Turks and Caicos Islands.