World Economy

IMF, USAID Strike Deal

IMF, USAID Strike DealIMF, USAID Strike Deal

The International Monetary Fund and the US Agency for International Development have reached an agreement to better coordinate their work on the newly agreed sustainable development goals, Public Finance Int’l reported. The agreement, signed on August 21, will see the two agencies work together on capacity development, including through the IMF’s technical assistance centers that help countries develop policies to boost growth. IMF deputy managing director, Carla Grasso, said the deal had been reached at a very important time following the Financing for Development conference in Addis Ababa and ahead of the next month’s Sustainable Development Goals conference in New York and the climate change conference in Paris starting in November. Under the agreement, USAID will continue to support the development of the IMF’s Middle East Regional Technical Assistance Centers, one of the fund’s nine regional centers. These help over 100 member countries strengthen their capacity to design and implement policies that promote growth and reduce poverty.