SARTTAC Current Affairs
Interim Meeting of Steering Committee of International Monetary Fund (IMF)’s South Asia Regional Training and Technical Assistance Centre (SARTTAC) was held in New Delhi.
Officials from all Six SARTTAC Member countries attended the meeting together with Development Partner representatives European Union, United Kingdom, Australia, and USAID along with IMF staff.
Steering Committee SARTTAC
It endorsed FY 2018 work plan and also approved new work area in Government Finance and Public Debt Statistics. It welcomed progress in securing over 90 percent of the financing for SARTTAC’s first five-year (2017-2022) Phase. It also approved new work area in Government Finance and Public Debt Statistics, where members have expressed strong demand and work is underway to plan future technical assistance and training. The next Steering Committee meeting will take place in Sri Lanka in May, 2018.
South Asia Regional Training and Technical Assistance Centre (SARTTAC)
SARTTAC was inaugurated in February 2017. It is first IMF Regional Capacity Development Centre to fully integrate training and technical assistance activities. It is located in New Delhi, India. It works with Bangladesh, Bhutan, India, Maldives, Nepal, and Sri Lanka. Member countries finance two-thirds of SARTTAC’s Budget, with additional funding from European Union, Korea, United Kingdom, and Australia.
Its goal is to help member countries to strengthen their institutional and human capacity for designing and implementing macroeconomic and financial policies that promote growth and reduce poverty. It will help Governments modernize their economic policies and institutions.