IMF – International Monetary Fund

Published purpose

CIDA’s grant to the Canada-IMF Technical Assistance Sub-Account supports technical assistance to developing country governments to build their capacity to address public debt, balance of payments problems, and financial sector crises. Specific areas of technical assistance include public debt management, public expenditure management, and financial sector reform. Activities include diagnostic studies, training courses, workshops, on-line advice and support, and the placement of technical assistance experts and advisors. Technical assistance is a core activity of the International Monetary Fund (IMF), and accounts for one quarter of its operations budget. IMF technical assistance helps countries design and implement sound macroeconomic policy, which is essential to sustainable economic development and a key element of the response to financial crises. The majority of the Fund’s technical assistance is provided to low- and lower-income countries. By helping individual countries reduce economic weaknesses and vulnerabilities, the Fund’s technical assistance contributes to a more robust and stable global economy.