Overview
The International Monetary Fund’s (IMF) African Regional Technical Assistance Center for East Africa (AFRITAC East) is a collaborative initiative between the IMF, participating East African countries, and development partners. Established in 2002 and headquartered in Dar es Salaam, Tanzania, AFRITAC East aims to strengthen the institutional capacities of member countries in economic and financial management.
AFRITAC East serves the following countries:
- Eritrea
- Ethiopia
- Kenya
- Malawi
- Rwanda
- South Sudan
- Tanzania
- Uganda
Core Areas of Support
AFRITAC East provides technical assistance and training in several key areas:
- Public Financial Management (PFM): Enhancing budget formulation, execution, and fiscal reporting.
- Revenue Administration: Improving tax policy and administration to boost domestic revenue mobilization.
- Macroeconomic Analysis and Forecasting: Developing tools for economic forecasting and policy analysis.
- Monetary Policy and Operations: Strengthening central bank functions and monetary policy frameworks.
- Financial Sector Regulation and Supervision: Enhancing oversight of banking and financial institutions.
- Economic and Financial Statistics: Improving the quality and coverage of national accounts and other key statistics.
Activities and Impact
AFRITAC East conducts a range of activities, including:
- Technical Assistance Missions: Providing hands-on support tailored to country-specific needs.
- Workshops and Seminars: Facilitating regional knowledge sharing and capacity building.
- Peer Learning: Encouraging exchange of best practices among member countries.
Over the past two decades, AFRITAC East has contributed to significant reforms in public financial management, revenue administration, and financial sector oversight across its member countries. These efforts have supported the development of more robust economic institutions and policies in the region.
