27/9/2016/IMF

The United Kingdom’s Department for International Development (DFID) on Tuesday became the first development partner to participate in the new five-year phase (2017–22) of the International Monetary Fund’s (IMF) Regional Technical Assistance Center in the Caribbean (CARTAC), with a contribution of GBP 6 million (about US$7.8 million). Mr. Mark George, Deputy Head and Growth Team Leader of DFID’s Caribbean Office met today with Ms. Sharmini Coorey, Director of the IMF’s Institute of Capacity Development, to recognise the renewed partnership between the IMF and the United Kingdom in the Caribbean.

At the conclusion of today’s meeting, Mr. George said: “The United Kingdom is pleased to continue its longstanding cooperation with the IMF for the delivery of capacity development services in partner countries. CARTAC strongly complements our work in the Caribbean focused on economic prosperity, governance, and disaster risk reduction, and remains a much-needed resource in the region to help countries strengthen their economic resilience as they continue with their efforts to achieve their development goals.”

Ms. Coorey made the following statement: “The United Kingdom is a key contributor to the IMF’s capacity development work, and I am delighted that it will continue its support to CARTAC. Our shared vision for economic development has helped build economic institutions and boost growth in the region, and we look forward to further deepening this partnership.”