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Debt Management and Money Markets Development
TA in the area of debt management and money markets
development aims to assist METAC countries in creating sound
debt management practices based on clear debt management
objectives and proper coordination between debt management
and monetary and fiscal policy. Moreover developing money
markets will improve the effectiveness of monetary policy.
Work in these areas will include building capacity in debt
and money markets development; strengthening the
functioning of primary and secondary markets; and developing
regulation and market infrastructure.
METAC Governance and Management
METAC is guided by a Steering Committee (SC) comprising representatives of METAC
beneficiary countries, multilateral and bilateral donor agencies, and the IMF. The SC provides
strategic guidance and contributes to setting METAC’s priorities. The chairman of the SC is the
Minister of Finance of Lebanon. The SC meets once a year or on an “as needed” basis to discuss
and endorse the work plan and priorities for the coming period.
METAC is managed by a coordinator, who ensures the proper management of the Center and its
staff. The coordinator is the key interlocutor between the IMF and the SC. He has an important
role in producing the work plan by drawing on the inputs of METAC beneficiary countries,
resident advisors and IMF headquarters; and in following up with country authorities on the
implementation of METAC’s TA program. The coordinator reports to the Director of the Middle
East and Central Asia Department (MCD) of the IMF in Washington, D.C.
The Ministry of Finance acknowledges
and highly recognizes the technical
support provided by METAC experts and
the training provided to the Ministry’s
staff. This support has strengthened our
continuous and persistent efforts to
reform and improve the efficiency of the
public financial management.
Dr. Moh’d Abu Hammour
Minister of Finance of Jordan
Resource Allocation
TA is allocated to beneficiary countries according to
needs as identified by national authorities and the
IMF, and the pace of delivery is influenced by the
strength of a country’s ownership of TA programs,
as evidenced by progress in implementing previous
METAC’s TA mission recommendations. METAC
does not provide TA to its members in an equal
amount, nor does it seek to provide TA
commensurate with member countries’ financial
contributions. Resources are pooled and used
according to countries’ needs and priorities.