When Does Capacity Development Achieve Good Outcomes? Evidence from the IMF Results-Based Management Data
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Summary:
Capacity development is one of the IMF’s core activities. Its impact is monitored through a Results-Based Management framework. Using for the first time the resulting dataset, the paper investigates how the likelihood of achieving targeted outcomes correlates with macroeconomic conditions and project-specific characteristics. Results indicate a positive correlation with per capita GDP growth and the involvement of resident advisors and regional centers. Results also confirm lower chances of achieving targeted outcomes for fragile, conflict-affected, and small states as well as in complex projects. These findings inform Fund CD strategy, prioritization and delivery to help member countries achieve better outcomes.
Series:
Working Paper No. 2021/285
Subject:
Central bank operations Central banks Econometric analysis Probit models Revenue administration Tax administration core functions
Frequency:
regular
English
Publication Date:
December 3, 2021
ISBN/ISSN:
9781616357146/1018-5941
Stock No:
WPIEA2021285
Pages:
30
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