IMF Capacity Development

As the 2025 Annual Meetings of the International Monetary Fund concluded, we had a few moments to reflect on a very rich week, full of insights and interactions with our member countries. As the IMF’s Managing Director Kristalina Georgieva emphasized in her Global Policy Agenda, as countries navigate the sweeping transformations underway, the priorities are to preserve macroeconomic and financial stability and to work together to ensure the smooth functioning of the global economy. After numerous multilateral meetings and bilateral discussions with representatives of our member countries and donor partners that I and my team had, it is clear that our capacity development work will be even more critical to support members in navigating on-going transformations and addressing the associated challenges. We will do all it takes to address the emerging needs of our members. We count on our donor partners to continue supporting this work, mindful that the international aid landscape undergoes a transformation too. I am extremely proud of my team at the Institute for Capacity Development and across the IMF for the impactful events, informative discussions and dedication to support our members during the Annual Meetings. I am sure that by working together we will be able to meet the evolving needs of our members. PS. If you’d like to catch up on one of our capacity development events, you can find the recordings here: https://lnkd.in/eEwdtb2q #IMFMeetings

We had a very good discussion with Gilles Roth, Minister of Finance of Luxembourg, his team, and Catriona Purfield, Director of the ICD Departement, during the Annual Meetings. The Ministry of Finance of Luxembourg has been a steadfast advocate of capacity development work of the IMF for over two decades. Our strategic partnership currently includes fiscal capacity development across revenue, spending, and cross-cutting priorities, strengthening financial sector stability, enhancing statistical systems for evidence-based policymaking, and supporting the development of national frameworks to combat money laundering and financing of terrorism. Our priorities align. We are deeply grateful to Luxembourg for their strong support of our capacity development work and look forward to further strengthening our collaboration. Many thanks to Arsene Jacoby, Miguel Marques and Tom Englaro for their excellent collaboration. IMF Capacity Development Ministry of Finance, Luxembourg Catriona Purfield Tom Englaro Vitaliy Dubil International Monetary Fund

It was an honor to open our capacity development talk yesterday, dedicated to how the IMF supports its member countries in utilizing as many domestic resources as possible to achieve their policy objectives. With aid levels falling and debt levels rising, fiscal capacity development is particularly critical for low- and middle-income countries, which increasingly rely on domestic resources to finance their development agendas. Regina Chinamasa, Commissioner General at the Zimbabwe Revenue Authority, and Thabo Letjama, Former Commissioner General of Revenue Services Lesotho, testified how with IMF’s support, their countries—as well as many others—were able to mobilize, resources that were otherwise not identified, or unavailable. We were extremely happy to have with us one of our key partners—Marjeta Jager, Deputy Director-General for International Cooperation and Development, at the European Commission. The European Union is one of the strongest and longest standing partners of the IMF Capacity Development work and the top partner of the Global Public Finance Partnership—IMF’s funding vehicle, making fiscal capacity development available to member countries. Kudos to my colleague Rebecca Sparkman from Fiscal Affairs Department and the team for such an impactful event. This talk concluded the capacity development events during the IMF’s Annual Meetings—but you can follow them all again here: https://lnkd.in/e7f2YTtU Regina Chinamasa Thabo letjama European Commission International Monetary Fund IMF Capacity Development International Monetary Fund #imfmeetings Wiktor Krzyżanowski

Very impressed to see the atrium of our headquarters full of Annual Meeting delegates joining our high-level capacity development event, which showcased how our work is supporting countries in pursuing financial stability. Dan Katz, IMF’s First Deputy Managing Director, framed the discussion by highlighting that emerging and developing countries, including low income and fragile states, are especially at risk because of their limited policy buffers, weaker institutions and high funding costs. This is a concern for the global community. Ahmet Ismaili, Governor of the Central Bank of Kosovo, and Abdirahman Mohamed Abdullahi, Governor of the Central Bank of Somalia, both at different stages of strengthening their financial stability, testified how IMF’s capacity development support was essential in kickstarting the work and retain its momentum. Abdullah Bin Zaraah, Assistant Minister of Finance for Macro-Fiscal Policies and International Relations of Saudi Arabia, one of our key donor partners supporting IMF Capacity Development , highlighted that ensuring financial stability in most vulnerable countries is in the interest of all around the world. With many thanks to the IMF Heads of Departments, Catriona Purfield, Tobias Adriana and Bert Kroese, for their interventions as well as to our teams, for putting together this timely and impactful event. #IMFMeetings International Monetary Fund IMF Capacity Development Dan Katz Ahmet Ismaili (Ph.D.) Abdullah BinZaraah, CFA Tobias Adrian Catriona Purfield Bert Kroese Wiktor Krzyżanowski

We have kicked off the capacity development events during the 2025 IMF Annual Meeting today with a Peek-into-Training, dedicated to our flagship course—Financial Programming and Policies. Great testimonies from Madina Zhunusbekova, Senior Advisor to IMF’s Executive Director, representing Kazakhstan and other Central Asian countries, and Afolabi Olowookere, an Alternate Executive Director, representing the West Africa Constituency—former course participants, who highlighted how transformative it is for economists in the country authorities and at the IMF. Many thanks to Hideaki Imamura, Senior Deputy Vice Minister of Finance for International Affairs at the Ministry of Finance of Japan, for joining the panel, and for all the support that Japan provides to IMF’s capacity development—Japan is our number one and longest standing partner. Kudos to my colleagues Mumtaz Hussain, Andy Berg, and Michaela Erbenova, for leading this great event. You can see it again here: https://lnkd.in/en2fNCXf Andrew Berg Afolabi E. Olowookere, Ph.D. Hideaki Imamura Michaela Erbenova IMF Capacity Development Ministry of Finance - Japan Jun Mizuguchi International Monetary Fund Wiktor Krzyżanowski