Our Workstreams
The Banking Supervision and Regulation (BSR) workstream helps central banks and supervisory authorities develop and strengthen regulatory and supervisory frameworks for banks and financial institutions, including Islamic banks. Technical assistance in BSR is dedicated to offer guidance on amending or developing regulations and guidelines on licensing criteria, corporate governance, risk management, internal control, consolidated supervision, capital, and liquidity prudential requirements. This includes guidance on the adoption of Basel Committee for Banking Supervision (BCBS) standards (Basel II and III), Shariah governance, and requirements set forth by the Islamic Financial Services Board (IFSB). METAC also supports in refining supervisory methodologies, developing manuals for onsite inspections and offsite supervision, incorporating Risk-Based Supervision (RBS) methodologies, such as risk assessment matrices and institutional profiles, Supervisory Review Processes (SRP), early intervention framework, and stress testing.
The Government Finance Statistics (GFS) and Public Sector Debt Statistics (PSDS) workstream focuses on addressing gaps in the fiscal accounts that hinder fiscal management and IMF surveillance, particularly in fragile states. Technical assistance in the GFS/PSDS area will assist authorities to develop and upgrade their fiscal statistics by introducing international standards, expand coverage, and increase the quality and timeliness of data. IMF-METAC will assist its member countries improving their data collection processes, classifications in accordance with international standards, data processing, proper identification of the general government and the public sector, and better data dissemination and reporting.
The Macroeconomic Frameworks (MF) workstream helps central banks and ministries of finance to improve their macroeconomic analysis and forecasting capacity, in particular developing tools to support evidence-based policymaking. It will develop the authorities’ capacity to simulate and forecast the impact of various external shocks and policy changes on the real, external, monetary, and fiscal sectors to gauge and quantify the impact of these shocks and their transmission mechanism into the economy. The workstream will also help member states to assess the efficacy of monetary policy under various exchange rate regimes and inflation targeting rules, allowing to diagnose the effect of monetary policy on growth and inflation. It will further provide CD in the area of nowcasting, using econometric and machine learning methods.
The Public Financial Management (PFM) workstream focuses on improving PFM institutions through adoption of strategic budgeting, better budget preparation, execution, and control; fiscal risk management, improved asset and liability management; robust management of public investments, and increased fiscal transparency. Technical assistance supports efficient delivery of public policies and services, the sustainability of public finances, the efficient use of public money, managing uncertainties, and ensuring fiscal transparency and fighting against corruption.
The Revenue Administration (RA) workstream supports both tax and customs administrations in their reform agenda, strengthening administrative capacity to mobilize revenue, particularly in fragile and conflict-affected countries. The RA team provides technical assistance in areas such as institutional governance, strategic and operational planning, reform and project management, legislative improvements, compliance management, digitalization and e-services, international taxation, data governance and data analytics, business processes and many more. The workstream also supports core revenue administration functions such as registration, filing and payment, audit, and collection, as well as risk-based customs controls, customs classification and customs valuation.
The Real Sector Statistics (RSS) workstream focuses on strengthening the compilation and dissemination of national accounts and price statistics according to the relevant internationally accepted statistical standard, including developing/improving statistical infrastructure, source data, serviceability and/or metadata. Capacity development, including technical assistance and training provided by METAC in the area of Real Sector Statistics, aims to build member countries staff capacities and to support the improvement and further developing of our member countries statistics.
The Tax Policy (TP) workstream provides advice on how to design member countries’ tax systems in support of domestic revenue mobilization goals to cover spending needs, and how to structure their tax system to balance key objectives including tax efficiency and equity, as well as allocative efficiency such as the impact of taxes on incentives to invest, work, and save.
