IMF and The Netherlands Launch New Program to Boost Capacity in Eastern and Southeastern Europe
The International Monetary Fund (IMF) and the Dutch Ministry of Foreign Affairs have launched a three-year capacity building program for nine countries in eastern and south-eastern Europe. The ‘Netherlands-IMF Capacity Development Partnership Program’ will focus on strengthening economic institutions to foster economic growth and stability in the region, with supporting sound macroeconomic policies.
The Dutch Minister of Foreign Affairs Bert Koenders has committed 12 million euros (about US$13.3 million) to the program, which will focus on strengthening institutions in public finances (including revenue mobilization and public financial management), monetary and financial areas (e.g, bank supervision and crisis preparedness), statistics, and macroeconomic management. This program will benefit countries represented by the Netherlands at the IMF Executive Board — Armenia, Bosnia and Herzegovina, Georgia, Macedonia, Moldova, Montenegro, and Ukraine — as well as Albania and Kosovo. The program builds on previous and ongoing IMF capacity development work in eastern and south-eastern Europe.