Grants and Contributions:

Caribbean Regional Technical Assistance Center – Phase V

5007063012 D003698001 P001952001

$20,000,000.00

Dec 20, 2016 - Apr 20, 2022

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.

Global Affairs Canada

The expected outcomes for this project include: (1) improved management of public finances in CARTAC member countries through increased effectiveness of domestic revenue systems, more effective and transparent budget preparation and execution, and enhanced macro-fiscal policy formulation; (2) increased resolution and minimization of risk factors identified in the financial systems; (3) increased regulation and supervision of capital markets, banking, and non-bank financial institutions; and (4) increased use of macro-economic statistics programming analysis in key public institutions.

Washington, US

GC-2017-Q3-0006

Grant

Grants and Contributions

Not-for-profit organization or charity

Original Amount of $15,000,000, Amendment #1 to increase the value by $5,000,000

Feb 13, 2019

IMF – International Monetary Fund

International Development Assistance Program

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.