The Caucasus, Central Asia, and Mongolia Regional Capacity Development Centre (CCAMTAC) has been established as the newest addition to the International Monetary Fund’s (IMF’s) global network of 17 regional capacity development centres.

Following the signing of a letter of understanding between the governor of the National Bank of Kazakhstan Erbolat Dossaev and IMF managing director Kristalina Georgieva on 14  December, the inaugural meeting of the CCAMTAC steering committee met on 28 January and endorsed the launch of the centre, as well as a work programme for its first few months of operation.

Based on a comprehensive assessment of member countries’ capacity and development priorities, the CCAMTAC is to host seven long-term advisors focusing on the following areas:

• Macroeconomic analysis: macroeconomic frameworks for financial programming, forecasting and policy analysis.
• Fiscal policy: public financial management, macro-fiscal issues, revenue administration.
• Monetary and financial sector: central bank operations and financial regulation and supervision.
• Macroeconomic statistics: national accounts, prices, and government-finance and debt statistics.