Strengthening ADB's Collaboration with the International Monetary Fund for Macroeconomic Management in the Caucasus, Central Asia, and Mongolia

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The knowledge and support technical assistance (TA) will provide ADB's financial contribution to the new Caucasus, Central Asia, and Mongolia Technical Assistance Center (CCAMTAC) of the International Monetary Fund (IMF) that will undertake capacity development in macroeconomic-related areas for Armenia, Azerbaijan, Georgia, Kazakhstan, the Kyrgyz Republic, Mongolia, Tajikistan, Turkmenistan, and Uzbekistan. The CCAMTAC will be physically established in Almaty, Kazakhstan in mid-2021, but its remote capacity building activities will start from 1 January 2021 to respond to needs for macroeconomic policy advice amidst the COVID-19 pandemic. The first phase of the CCAMTAC runs through 20212026. CCAMTAC will be managed by a center coordinator (an experienced IMF staff) with strong backstop by departments concerned, guided by the Steering Committee (from the IMF, member countries, and external partners including ADB). CCAMTAC's capacity development will be delivered by its resident advisors and short-term experts.