Swiss Technical Assistance Subaccount at the IMF
The State Secretariat for Economic Affairs (SECO) is financing through a dedicated trust fund ('the Subaccount') technical assistance implemented by the International Monetary Fund (IMF) in Africa, East Asia, Latin America, Southeastern Europe and Central Asia.
Politique économique et financière
- Fonds monétaire international
|Contexte||It is widely recognized that sound Public Financial Management and a strong and stable financial sector are essential conditions for socioeconomic development and poverty reduction. Hence, demand for technical assistance in these areas is increasing. With its proven expertise in management of public finances and in strengthening the financial sector, the International Monetary Fund is ideally placed to meet this demand. The activities benefit SECO priority countries in the East and South as well as other Swiss constituency countries at the IMF.|
|Objectifs||The main objective of the technical assistance provided is to promote economic reforms and fiscal policy improvements as well as the development of a stable and well developed financial sector. The program contributes to the new message 2017-2020 and in particular to the outcome 'effective institutions and service' by strengthening the public finance and financial sector institutions in the beneficiary countries. The Subaccount will be used to finance projects that seek to enhance the capacity of recipients to formulate and implement policies in the macroeconomic, fiscal, monetary, financial and related statistical fields, including training programs and projects that strengthen the legal and administrative framework in these core areas.|
|Effets à moyen terme||Improved public financial management systems such as budgeting, treasury operations, expenditure planning and control with appropriate safeguards in terms of oversight and auditing, including strengthened capacities for revenue management-Increased capacities for macroeconomic analysis, policy formulation and forecasting-Strengthened legal and institutional framework for financial sector supervision and regulation-Improved monetary operations, debt management and payment systems-Improved coverage, quality and timeliness of economic and financial statistics.|
Principaux résultats attendus: Implementing expenditure tracking and medium-term expenditure frameworks-Introducing risk-based compliance and enforcement mechanisms-Setting up of taxpayers offices-Introducing macroeconomic modeling and forecasting techniques-Building databases of economic indicators and capacity of central bank staff to manage such a database-Developing a supervisory strategy that specifies supervision priorities and a clear timetable for implementation of the risk-based supervisory approach-Compilation and publication of statistical information such as register of public sector units, balance of payments and international investment position (IIP).
Principaux résultats antérieurs: As of August 2015, 25 projects have been or are being implemented in 15 countries. The following key results among others have been achieved : i) Improved capacity for cash planning and management in Peru and Colombia- ii) strengthened tax administrations in Serbia, Kosovo, FYR Macedonia and Bosnia & Herzegovina- and iii) enhanced banking supervision in Ghana and the Kyrgyz Republic.The external evaluation summarizes the main success of the program as follows: a) the arrangement has proven its ability to deliver successful TA performance- b) high efficiency in TA delivery- and c) flexibility and adaptability of the TA input mix are the key strengths, built on a generally strong level of ownership and engagement by the beneficiary countries. Sustainability of projects as well as overall programming and project selection processes need to be further strengthened though.
|Direction/office fédéral responsable||
Coopération au développement
|Partenaire de projet||
|Budget||Phase en cours Budget de la Suisse CHF 24'000'000 Budget suisse déjà attribué CHF 0 Budget y compris partenaires de projet CHF 24'000'000|
|Phases du projet||Phase 10 01.01.2016 - 31.12.2020 (Phase en cours)|