2024年MCM产能发展年度报告（英）.pdf

CAPACITY DEVELOPMENT ANNUAL REPORT 2024“Driven with aspiration to lift prosperity for all,the IMF is fully committed to meeting the evolving needs of our membership.We serve our members with policy advice,financial lifelines,and capacity development to help safeguard their economic and financial stability,a foundation for inclusive andsustainablegrowth.”“We continue to assist members in building capacity to implement good policies.The recent review of our Capacity Development(CD)Strategy shows that through tailored support we enable members to develop skills and build strong institutions that can better respond to economic challenges.The strategy aims to make CD more flexible and better integrated with IMFpolicy advice.”Global Policy Agenda,Spring 2024PREFACEGita GopinathFirst Deputy Managing Director,International Monetary FundIMFs capacity development(CD)reinforces the Funds institutional mandate for global macroeconomic and financial stability by enhancing human capital and institutions in member countries and empowering them to make the best policy choices given their particular conditions.As a global institution,we have a duty to ensure that all members benefit from the latest knowledge and best practices and put them to best use for macroeconomic and financial stability,prosperity,and sustainability.At the IMF,we regularly review our CDstrategy to ensure that our capacity building continues to be of high quality and attuned to the priority needs of member countries.The third quinquennial review of the Funds CD strategy,concluded in April 2024,has called for continued efforts in making the Funds CD more flexible in responding to members emerging needs,integrating with surveillance and lending,and tailoring CD to countries circumstances.We are fully committed to continuing sharpening our focus in CD delivery,innovating in more flexible modalities of engagement with member countries,and fully leveraging our complementary mandates in the best interest of the global community.The IMFs Monetary and Capital Markets(MCM)Department,as a global leader in building capacity in monetary and financial sector policies and practices,continues its decades-long tradition of responding to the needs of member countries,ranging from advice in the traditional areas of monetary operations and banking supervision and regulation,to spearheading innovations in fintech-and climate-related financial risks,while maintaining the highest quality of technical support.In my multiple interactions with country authorities representatives,I am pleased to take note of the strong continued appreciation for MCM CD and the gratitude they express to MCM staff.I also note that MCMs CD support continues to be integrated into Fund surveillance and lending and tailored to the evolving needs of our member countries,especially low-and lower-middle-income countries(LLMICs)and fragile and conflict-affected states(FCS).I would like to thank the many IMF donors and partners,whose unwavering support has made these accomplishments possible and look forward to continuing this successful cooperation.As we all know,the success of building sustainable institutions lies in long-term commitment and support.MCMs 2024 Annual Report provides an overview of MCMs CD activities during fiscal year 2024,highlighting the main achievements,made possible by the invaluable funding support from donor partners,as well as presenting some examples where MCM CD was particularly impactful.PREFACE|iCapacity Development Annual Report 2024|Monetary and Capital MarketsLooking back at FY24,I feel very grateful for the trust and appreciation that our member countries continue to have for the technical expertise and advice of the IMFs Monetary and Capital Markets(MCM)Department.The demand for MCMs CD remained very strong during the last fiscal year,with CD delivery and spending surpassing pre-pandemic levels.The presence of our longterm experts on the ground has expanded significantly since the pandemic,as we strived to secure the best expertise for handson support.Our CD delivery modalities have evolved to a new normal,which leverages both in-person activities,as well as hybrid and blended modalities,carried out by top experts for the most efficient and impactful outcomes.The deployment of blended modalities has also allowed us to optimize the use of the funds provided by our generous donors.In line with our current MCM CD strategy(202225),CD delivery has increasingly adopted a programmatic approach,featuring well-sequenced activities aimed at achieving clear medium-term goals,which enable countries to sustainably build skills and capacity in the financial sector.We have also continued to tailor our technical assistance(TA)and training to meet the specific needs of our members,optimizing impact,and deepening the integration with surveillance and lending.The continuous high demand and positive feedback we have received from country authorities fuel our staffs energy and commitment to continuously improve and serve our members.MCMs 2024 Annual Report provides a snapshot of the more than 1,000 CD activities undertaken by MCM in FY24 and brings into the spotlight our support both in core topics,such as central banking,financial sector supervision and regulation,crisis management,debt management,monetary and macroprudential policy,and financial stability analysis,as well as in emerging priorities,such as digital money,fintech and climate-related financial risks.I am proud of these accomplishments.On behalf of myself and the rest of MCM management,I express my deepest gratitude to MCM staff,long-term and short-term experts for their continued dedication and engagement.I also extend my thanks to both our donor partners and recipient countries for their trust and support,as only together can we build sustainable institutions that can withstand future challenges and risks.MCM stands ready to contribute our best expertise to a more stable and prosperous world!PREFACETobias AdrianFinancial Counsellor and Director,Monetary and Capital Markets DepartmentThis report was prepared by the staff from the Technical Assistance Strategy Division of the Monetary and Capital Markets Department of the IMF under the guidance and supervision of Miguel Savastano and Oana Croitoru.The core team comprised Dana Andreicut,Betty Afework,Veronica Bacalu,Beto Habe,Abdullah Haron,Sangeeta Nambi,Hazel Quinonez,Ibrahima Sangare,and Chloe Zhang.ii|PREFACECapacity Development Annual Report 2024|Monetary and Capital MarketsTABLE OF CONTENTSI Preface by Gita Gopinath,IMFs First Deputy Managing DirectorII Preface by Tobias Adrian,IMFs Financial Counsellor and Director of MCMIII Table of ContentsVI Acronyms and Abbreviations1 SECTION I MCM CD Delivery:Exceeding Pre-COVID Levels2 A Fiscal Year 2024 at a Glance7 B MCM CD Delivery in FY2414 C Financial Sector Stability Review(FSSR)17 D Donor Partners Support20 SECTION II Targeted and Tailored CD in Action:Case Studies21 A Lao Peoples Democratic Republic(P.D.R.):Multi-Year Engagement with the Central Bank on Monetary Policy22 B Somalia:From Conflict to Stability,the Path to the HIPC Completion Point24 C Mozambique:the Bank of Mozambique Modernization Program26 D Debt Management:Current Themes and Tools28 E Democratic Republic of the Congo and Sri Lanka:Macroprudential Policy in Action30 F Mauritania:Enhancing Central Bank Operations in the Context of a Fund Program32 G Colombia:Improving Modeling of Expected Credit Losses34 H Cyber Risk:Programmatic Approach to CD on Regulation and Supervision 36 I METAC:Strengthening Bank Corporate Governance 38 J ATI and CARTAC:Climate Risk CD in Action40 K Moldova:Revising the Bank Liquidation Framework41 Governors TestimonialsTABLE OF CONTENTS|iiiCapacity Development Annual Report 2024|Monetary and Capital Markets42 SECTION III CD Governance and Strategy:Aiming at High-Quality and Impactful CD43 A CD Strategy44 B Interview with Miguel Savastano,Deputy Director,MCM48 APPENDICES49 Appendix I.IMF Regional Capacity DevelopmentCenters51 Appendix II.MCM Long-Term Resident Expert Placement (as of April 30,2024)53 MCM TA CONTACTSiv|TABLE OF CONTENTSCapacity Development Annual Report 2024|Monetary and Capital MarketsFIGURES3 Figure 1.Number of MCM CDActivities3 Figure 2.MCM CD Direct Delivery by Modality 3 Figure 3.MCM CD Direct Delivery by Core Workstream,FY24 4 Figure 4.MCM CD Delivery inPriority Areas 4 Figure 5.MCM CD Direct Delivery by Region,FY24 5 Figure 6.MCM CD Work Areas6 Figure 7.Fund CD Engagement Over Time 6 Figure 8.MCM CD Trends by Regions7 Figure 9.MCM CD Delivery and Resource Allocation Ratio7 Figure 10.MCM TA and Training Direct Delivery 9 Figure 11.Presence in the Field:MCM RCDC-based and Bilateral LTXs 10 Figure 12.MCM LTXs Distribution by Region 10 Figure 13.MCM CD Direct Delivery by Resource Type 10 Figure 14.MCM Climate-Related CD by Workstream BOXES5 Box 1.Looking Back:As the IMF Turns 80,MCM Capacity Development Approaches 609 Box 2.Advising the Advisors:10th Annual MCM LTX Workshop15 Box 3.Capacity Development Talk:Strengthening Financial Sector Stability in Fragile and Low-Income Countries 16 Box 4.FSSR:Developments During FY2443 Box 5.The 2024 IMF Capacity Development Strategy Review47 Box 6.Joint Banque de FranceMCM Regional CD Forum,Paris,April 2024TABLES17 Table 1.Support of MCM Partners in FY2410 Figure 15.MCM Digital Money CD by Workstream 11 Figure 16.Global Coverage of MCM CD Delivery,FY24 11 Figure 17.Top MCM CD Recipients,FY24 12 Figure 18.MCM CD Direct Delivery to FCS and Non-FCS Countries12 Figure 19.MCM CD Direct Delivery to FCS by Resource Type,FY2412 Figure 20.MCM CD Direct Delivery to FCS by Modalities12 Figure 21.MCM CD Direct Delivery to FCS by Workstream,FY2413 Figure 22.Global and Regional RBM Outcome Ratings,FY24 15 Figure 23.FSSR Activities,as of FY2418 Figure 24.MCMs Donor-Funded CD Spending,FY24 39 Figure 25.Three-Stage Approach to Climate Risk Analysis TABLE OF CONTENTS|vCapacity Development Annual Report 2024|Monetary and Capital MarketsACRONYMS AND ABBREVIATIONS AD IMF Area Department AFRITAC IMFs Regional Technical Assistance Center in Africa AFE AFRITAC East AFS AFRITAC South AFW AFRITAC West AFW2 AFRITAC West II CAPTAC-DR IMFs Regional Technical Assistance Center for Central America,Panama,and the Dominican Republic CARTAC IMFs Caribbean Regional Technical Assistance Centre CBDC Central Bank Digital Currency CCAMTAC IMFs Caucasus,Central Asia,and Mongolia Regional Capacity Development Center CD Capacity Development CDMAP The IMFs Capacity Development Management and Administration Program CDSR Capacity Development Strategy Review CDOT IMFs Capacity Development Office in Thailand DRC Democratic Republic of the Congo FCS Fragile and Conflict-Affected States FPAS Forecasting and Policy Analysis Systems FSSF Financial Sector Stability Fund FSSR Financial Sector Stability Review FTE Full-Time Equivalent FY Fiscal Year HQ IMF Headquarters IFRS International Financial Reporting Standards ICD IMF Institute for Capacity Development IMF International Monetary Fund LLMIC Low-and Lower-Middle-Income Country LTX Long-Term Expert MCM IMF Monetary and Capital Markets Department METAC IMFs Middle East Regional Technical Assistance Center MTDS Medium-Term Debt Management Strategy PFTAC IMFs Pacific Financial Technical Assistance Centre RBM Results-Based Management RCDC Regional Capacity Development Center SARTTAC IMFs South Asia Regional Training and Technical Assistance Center STX Short-Term Expert TA Technical Assistancevi|ACRONYMS AND ABBREVIATIONSCapacity Development Annual Report 2024|Monetary and Capital MarketsSECTION I MCM CD DELIVERY:EXCEEDING PRE-COVID LEVELSSECTION I|1Capacity Development Annual Report 2024|Monetary and Capital MarketsFISCAL YEAR 2024 AT A GLANCESECTION IADuring fiscal year 2024(FY24),the Monetary and Capital Markets(MCM)Department continued to assist the IMF membership build capacity in monetary and financial stability against an increasingly complex global backdrop.As the global economy grappled with inflationary pressures,new challenges in the financial sector,and rising debt vulnerabilities,MCM stepped up efforts to respond to the high demand for support from member countries.It did so by increasing the number of capacity development(CD)activities and expanding the programmatic institution-building engagements,all delivered in a variety of modalities.Yet again,strong ownership from the authorities proved to be a key ingredient to successful CD outcomes.The MCM CD delivery in FY24 exceeded pre-COVID levels and totaled 1,037 activities(Figure1),which fully reflected the“new normal”ofadapting delivery modalities(Figure2).1 About half of all CD engagements were delivered in person(52percent),while the rest were delivered either in virtual or hybrid format(37 and 11 percent,respectively).Progress with blended delivery of CD,which combines real-time engagement(in person or virtual)with asynchronous CD delivery(self-paced online learning),has also advanced.While measuring accurately blended CD is work in progress,1 The FY24 activity count includes the following categories:direct delivery,management and administration,and analytics and development.In FY22,the IMF adopted a new administrative system for planning and tracking CD(Capacity Development Management and Administration Program(CDMAP).CDMAP introduced methodological changes to CD data that create a structural break in FY22.The comparison with pre-COVID delivery is made relative to FY20(comprising May 2019April 2020),with pandemic-related travel restrictions after April 2020.COVID years include FY21 and FY22.demand for this approach to CD delivery keeps growing.As in previous years,MCMs CD covered a broad range of topics in FY24(Figure 3),spanning both core and emerging priority areas(Box 1).There was particularly strong demand for technical advice in central bank operations and debt management,while demand for new CD priority areas,including climate change and digital money also increased.Delivering CD to fragile and conflict-affected states(FCS)remained high on the country priority list(Figure 4).MCM continued to further enhance its expertise in the growing number of topics,while remaining highly attuned to the views from the field,ensuring that our CD focus and modalities remained in sync with the needs of the membership.Africa remained our top CD recipient,followed by Asia and the Pacific Islands region,Middle East and Central Asia,Western Hemisphere,and Europe(Figure 5).2|SECTION ICapacity Development Annual Report 2024|Monetary and Capital MarketsFIGURE 1.NUMBER OF MCM CD ACTIVITIESFY21FY22FY23FY24FY208366898069191037020040060080010001200Source:CDMAP(CD Management and Administration Program)and TIMS.FIGURE 2.MCM CD DIRECT DELIVERY BY MODALITY(PERCENT OF TOTAL)HybridIn PersonVirtual01020403050100908070602021202220232024MayJunJulAugSepOctNovDecJanFebMarAprDecJanFebMarAprMayJunJulAugSepOctNovDecJanFebMarAprMayJunJulAugSepOctNovCOVID-