IMF – International Monetary Fund

Published purpose

The project aims to enhance the management of public finances in the Caribbean region through increased effectiveness of domestic revenue systems, more effective and transparent budget preparation and execution, and improved macro fiscal policy formulation. The project is designed to achieve these objectives through the provision of technical assistance and training by the International Monetary Fund in core areas of economic and financial management in response to Caribbean governments' requests. The Caribbean Regional Technical Assistance Centre (CARTAC) focuses on building technical capacity in the recipient countries increasingly through the strengthening of professional associations to jointly develop and deliver training programs and seminars. CARTAC is supported by multiple donors. Regional cooperation is expected to result in broader country coverage across the region. In this regard the preference is to emphasize activities that have application across the region. One example of this is the assistance provided by CARTAC to six countries to modernize their customs systems and procedures using risk management techniques, resulting in trade facilitation