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Technical assistance

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This review of Phase I of the technical assistance (TA) General Data Dissemination System (GDDS) project (2001-2006) for 15 Anglophone African countries1-funded by the U.K. Department for International Development (DFID) and executed jointly by the Fund and the World Bank-(henceforth, referred to as the Anglophone African (AAf) project) focuses mostly on the components that were implemented by the Fund's Statistics Department (STA). The review draws on various internal and periodic evaluations of project execution and reports by technical assistance providers. The GDDS-part of the Fund's Data Standards Initiative-defined the framework for the AAf project. The main goal of the project was initially limited to assisting countries to become participants in the GDDS via preparatory workshops and development of metadata and plans for improvement. The goal was subsequently expanded to providing TA and promoting greater awareness and regional cooperation.

Technical assistance.

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Executive Directors welcomed the report of the Independent Evaluation Office (IEO)on IMF Advice on Capital Flows. Directors appreciated the high quality of the report, and itsthematic and background country studies. Directors welcomed the finding that the adoptionof the Institutional View (IV), along with the development of other frameworks andadditional tools, had represented a major advance in the Fund's policy framework to providesystematic advice to member countries on the management of capital flows and capitalaccount liberalization. Directors also noted the conclusion that, in its application, the Fundhad generally followed the IV and other policy frameworks to ensure that the advice wasconsistent, tailored to country circumstances, and evenhanded across countries. Directorswelcomed that capital flow management measures (CFMs) have generally not been used tosubstitute for warranted policy adjustments. Directors also welcomed the finding that mostauthorities broadly support the IV's sequenced framework to capital account liberalizationand appreciated the Fund's specific advice in many cases, especially in the context oftechnical assistance. More recently, faced with the abrupt capital flow reversals during theCOVID-19 crisis, Directors noted that emerging markets and developing economiesgenerally followed a multi-pronged approach broadly consistent with the IV framework andmade relatively little use of CFMs.

Technical assistance.

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A technical assistance (TA) mission was conducted by IMF's Regional Technical Assistance Center for Southern Africa (AFS)1 during June 8-12, 2020 to assist Statistics Botswana (SB) in improving the quality of the national accounts statistics. The mission was conducted remotely respecting the constraints imposed by the COVID-19 outbreak. Reliable national accounts are essential for informed economic policymaking by the authorities. It also provides the private sector, foreign investors, rating agencies, donors and the public in general with important inputs in their decision-making, while informing economic analysis and IMF surveillance. Rebasing the national accounts is recommended every five years. Rebasing requires comprehensive surveys and ideally, supply and use tables (SUT) to support coherence checking of data.

Technical assistance.

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MFD technical assistance to Kosovo has been provided under special circumstances, since it is not a member of the IMF or of the World Bank. As a region within the former Federal Republic of Yugoslavia severely affected by the war with Serbia, Kosovo has been administered by the UNMIK on the basis of UN Security Council Decision 1244 of June 10, 1999. After the end of the war, the UNMIK requested technical assistance from the IMF. The IMF's Executive Board approved this request, and MFD began providing TA in late 1999.

Technical assistance.