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Pacific Financial Technical Assistance Centre To Celebrate 25 Years

The International Monetary Fund (IMF) will be celebrating the 25th anniversary of the Pacific Financial Technical Assistance Centre (PFTAC). The celebration is part of a two-day High Level Dialogue on
17 Nov 2018 10:24
Pacific Financial Technical Assistance Centre To Celebrate 25 Years

The International Monetary Fund (IMF) will be celebrating the 25th anniversary of the Pacific Financial Technical Assistance Centre (PFTAC).

The celebration is part of a two-day High Level Dialogue on Capacity Development and Growth in Nadi on December 6 to 7, 2018.

PFTAC was established as the IMF’s first technical assistance centre in 1993 and today the Fund operates 16 such centers worldwide covering training, technical assistance and capacity development.

In recognition of the accomplishments of PFTAC and its stakeholders, particularly member countries and development part­ners, IMF Deputy Managing Director Carla Grasso will represent the IMF along with other senior officials.

Global thought leaders on climate change and development will participate, along with a wide range of Government Ministers, Cen­tral Bank Governors, senior officials and pol­icy makers from member countries, as well as academic, business, civil society, media and youth.

Our goal is to highlight the IMF’s capacity development support for our member coun­tries, to which we now devote about one third of the total IMF budget.

Focusing on the Pacific, we will look at how capacity development can help countries make the most of growth opportunities, build resilience to natural disasters, and at­tain the United Nations Sustainable Develop­ment Goals.

Raising growth rates in the Pacific is a par­ticular challenge due to the small size and remoteness of many island economies, com­pounded by the region’s vulnerability to cli­mate change and natural disasters.

The conference agenda will cover:

  • Growth Opportunities
  • Risks and Vulnerabilities
  • Public Finances: A Historical Perspec­tive and Future challenges
  • IMF Capacity Development at PFTAC and around the globe
  • Financial Stability – Importance of Ef­fective Governance in the Financial System
  • Looking forward new technology

For detailed agenda and hotel reservation information, please check the PFTAC confer­ence webpage.

Source: DEPTFO News

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