The Africa Training Institute of the International Monetary Fund (IMF), which was opened in 2013 in Mauritius, joined a network of IMF regional centers around the world in helping develop countries’ policymaking capacity by transferring economic skills and best practices. While nearly a quarter of the 7,800 officials trained by the IMF in 2013 were from sub-Saharan Africa, this new center on the continent allows the IMF to train even more government officials.
Through the Africa Training Institute the IMF delivers a broad curriculum of courses, from fiscal, monetary, and exchange rate policies to debt sustainability, financial sector supervision, and the management of natural resource revenue—an area that is increasingly important for many African countries. The curriculum will also cover issues in regional integration. The institute’s courses are tailored to the needs of African policymakers and anchored in the macroeconomic realities in Africa, a key advantage of a regionally based institute. The co-location of the training institute with AFRITAC South—with a director who is also the head of AFRITAC South—will allow greater synergies between training and technical assistance.
Officials of all sub-Saharan countries and regional organizations located in the region are eligible for training at the institute. All courses are by invitation only. The institute in Mauritius is financed by a multi-donor trust fund, with contributors providing oversight through a steering committee. Mauritius, China, Australia, Korea, Seychelles and Togo are the current donors of the institute. The institute is located in Bramer House, Cyber City, Ebene, Mauritius. Course participants stay in Hennessy Park Hotel, which is located across the street from the institute.