Under IMF Sponsorships, Africa Training Institute Starts in Mauritius

About thirty participants from Mauritius and other sub-Saharan countries gathered for this focus on economic issues in regional integration session. This training will last two weeks. Mauritius was chosen to be the host country of the IMF Africa Training Institute. This institute aims to train more than 200 officials of government each year through eight training sessions of two weeks each.

"Today, we are opening a new chapter in capacity-building in sub-Saharan Africa, thanks to the generous financial contribution and logistical carrier of the Mauritius government - the host country - as well as supporting financial pledges from the Australian Agency for International Development and the Chinese authorities ", said the IMF representative, Vitaliy Kramarenko the official opening of the session. He added that the IMF wants to transform the Africa Regional Training Institute in a leading institution in the formulation of macroeconomic policy, public finance management, the exchange rate and monetary policy, economic integration and other issues affecting the financial sector.

Vitaliy Kramarenko said that the institute will ensure that the training provided under the program of activities of the IMF regional technical assistance centers in Africa. Note that Mauritius is home to one of these centers: Afritac South.

The IMF announced that through its technical assistance program, it helps member countries to put in place institutions, legal frameworks and effective policies to promote stability and economic growth. The training offered empowers officials of member countries in the analysis of economic developments and the design of more effective policies. At the end of April 2012, approximately 7,800 officials from various countries had followed the courses delivered at IMF headquarters in Washington training.