Interim Meeting of the Steering Committee of the International Monetary Fund (IMF)’s South Asia Regional Training and Technical Assistance Center (SARTTAC) took place in New Delhi.
- Officials from all Six (6) Member countries along with the Development Partner representatives and IMF staff attended the meeting.
- The Committee appreciated the range of training delivered to Member countries, including in-country training and the inclusion of subnational officials from India. T
- The Committee highlighted the large demand from member countries to work with SARTTAC on their capacity development needs; this includes growing interest from India’s subnational Governments.
- The Committee members also recognized the high resource costs of customization and agreed that scope to customize all activities was constrained.
- The members stressed that the SARTTAC’s Budget’s to be managed flexibly to ensure the Center was able to respond in an agile way to meet members’ needs.
- SARTTAC was encouraged to continue its dissemination of results, its coordination with external partners in the region, and its outreach activities. The next Steering Committee meeting will take place in Sri Lanka in May, 2018.
What is SARTAC?
- The South Asia Regional Training and Technical Assistance Center (SARTTAC)
- It was inaugurated in February 2017.
- It is the first IMF Regional Capacity Development Center 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 the Center’s Budget, with additional funding from the European Union, Korea, the United Kingdom, and Australia.
