Multinational - Support Program for Regional Technical Assistance Centers in Africa (AFRITAC-II)


Project Summary

Approval Date 27 Nov 2003
Signature Date 06 Oct 2004
Planned Completion Date 31 Dec 2005
Last Disbursement Planned Date 01 Dec 2006
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 11330
Commitment U.A 1,984,632.75
Status Completion

Project General Description

The design of the AFRITAC (Regional Technical Assistance Centers) program is a reflection of the institutional and human resource gaps and weaknesses that have impeded for many years the implementation of projects and programs in most countries in sub-Saharan Africa, especially when implementing macroeconomic policies. Indeed, the low level of human resource development and dysfunctions observed in institutions such as those in charge of public financial management, revenue administration or debt management have a negative impact on the economic performance and absorptive capacity of the countries concerned. The AFRITAC initiative, launched in 2002 by the IMF. The key activities planned by the program were (i) transfer of technology and know-how from technical assistants to nationals, (ii) the training of about 5,000 managers in charge of macroeconomic management, public finance, banking and statistical systems and (iii) the purchase of computer equipment and office equipment. The action of AFRITAC should particularly be able to: (i) support the capacity building component of the PRSP process; (ii) to provide on-going practical assistance and training based on the demand expressed by countries; (iii) and more effectively coordinate and monitor on-going technical assistance projects.

Project Objectives

The AFRITAC Initiative aims to improve the capacity of African countries to formulate and implement their poverty reduction strategies, as well as to better coordinate the technical support given to capacity building in the PRSP process. It also aims to increase the volume of technical assistance that the IMF, in its core areas of expertise, makes available to African countries to help them improve their capabilities. More specifically, the program aims to strengthen the institutional capacities and human resources of public bodies in member countries to ensure sound management of public resources, the establishment of well-developed financial systems and the production of reliable macroeconomic statistics.

Beneficiaries

The program benefited regional member countries.

Participating Organization

Funding
African Development Fund
Implementing
IMF - International Monetary Fund

Information

IATI identifier 46002-P-Z1-K00-011
Last Update 30 Nov 2022

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Contact Details

Name KANE Racine
Email r.kane@afdb.org

Geographic Location

Country Multinational
Coordinates Location Name
0.392501 9.45365 Libreville
7.1881 21.09375 Africa