Grants and Contributions:

Back to search

Title:

Canada-International Monetary Fund Technical Assistance - Caribbean, Middle East and North Africa

Agreement Number:

7402723 P000363001

Agreement Value:

$9,000,000.00

Agreement Date:

Feb 14, 2019 - Mar 31, 2023

Description:

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.

Organization:

Global Affairs Canada

Expected Results:

Expected intermediate results for this project include: improved management of public finances in developing countries; and strengthened financial sector supervision and regulation.

Location:

Washington, US

Reference Number:

064-2018-2019-Q4-00105

Agreement Type:

Grant

Report Type:

Grants and Contributions

Recipient Type:

Not-for-profit organization or charity

Recipient's Legal Name:

IMF – International Monetary Fund

Program:

International Development Assistance Program

Program Purpose:

The main purpose on the International Development Assistance Program is to reduce poverty for those living in countries where Global Affairs Canada engages in international development.