IMF and USAID Strengthen Cooperation on Capacity Development

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2015-08-21

The United States Agency for International Development (USAID) and the International Monetary Fund (IMF) have signed a Memorandum of Understanding (MOU) that enables the two organizations to enhance their close cooperation in capacity development. IMF Deputy Managing Director Carla Grasso and Senior Deputy Assistant Administrator for USAID’s Bureau for Economic Growth, Education, and Environment, Charles North, signed the agreement Thursday in Washington DC.

At the conclusion of the signing ceremony, Ms. Grasso made the following statement:

“This Memorandum of Understanding comes at a very important time, in the wake of the international conference on Financing for Development held in Addis Ababa last month and ahead of the follow-up international conferences on the Sustainable Development Goals in New York in September and on climate change in Paris later this year. I am very happy that today we are joining forces on capacity development in order to tackle global economic challenges in the context of the post-2015 development agenda.”

Mr. North concurred:

“USAID is proud to partner with the IMF and looks forward to continuing to channel our collective efforts toward sustainable development, cultivate meaningful collaboration and achieve progress in cooperation with our partners in developing nations.”

Source: International Monetary Fund

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