When Does Capacity Development Achieve Good Outcomes? Evidence from the IMF Results-Based Management Data

Author: Antonio Bassanetti

Volume/Issue: Volume 2021 Issue 285

Publication date: December 2021

ISBN: 9781616357146

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Topics covered in this book

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Banks and Banking , Economics- Macroeconomics , Public Finance , Taxation - General , Economics / General , Capacity Development , Evaluation , Results-Based Management , outcome rating , core activity , CD Project design , results chain , management data , IMF CD , Probit models , Central bank operations , Tax administration core functions , Western Hemisphere , Sub-Saharan Africa , Middle East and Central Asia

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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.