Moving Forward: International Financial Institutions

Guest post by: International Monetary Fund
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References: Stock Market Development in Sub-Saharan Africa - By International Monetary Fund

The international financial institutions (IFIs) need to continue to provide
financial support to countries pursuing sustainable growth and
poverty-reduction strategies. In this regard, IFIs need to ensure that such
support is used to promote strategies that are country-owned and developed
with input from PSIA. In countries where the institutional capacity
to develop and implement such strategies is weak, it is essential for IFIs to
provide technical assistance, including in public expenditure management, as well as assistance in improving the understanding of links between government
policies, poverty, and sustainable use of the environment. In addition
to supporting capacity building, the IFIs and their development
partners should continue analytical work on the links between economic
policy and sustainable development, since many facets of development are
still not fully understood. Finally, international financial institutions
should foster more extensive dialogue with member country governments
and civil society to improve communication and better explain the rationale
for their policies.

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References: Stock Market Development in Sub-Saharan Africa - By International Monetary Fund

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The IMF is an international organization of 185 member countries. It was established to promote international monetary cooperation, exchange stability, and orderly exchange arrangements; to foster economic growth and high levels of employment; and to provide temporary financial assistance to countries to help ease balance of payments adjustment. Since the IMF was established its purposes have remained unchanged but its operations—which involve surveillance, financial assistance, and technical assistance—have developed to meet the changing needs of its member countries in an evolving world economy.
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Moving Forward: International Financial Institutions

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