IMF and Germany Expand Capacity Development Partnership in Africa

The International Monetary Fund (IMF) and Germany’s Federal Ministry for Economic Cooperation and Development (BMZ) have strengthened their cooperation on capacity development (CD) in Africa.

This expanded CD cooperation will help the IMF to support African policymakers in addressing reform challenges in critical policy areas for increasing investment and job creation. In this context, IMF CD delivery focuses on strengthening institutions for domestic resource mobilization, improving the efficiency of public spending, supporting financial sector stability and inclusive development, and achieving good financial governance. Effective and resilient institutions will provide a stable foundation for promoting investment, business development, and job creation in Africa.

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