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Why MCM(Monetary Capital Market) is necessary for the banking financial institutions?

IMF MCM TA Purposes & Its Strategy: The Monetary and Capital Markets Department (MCM) provides TA in central banking and financial system stability (monetary and foreign exchange policies and operations; financial markets, instruments and infrastructure; financial system regulation and supervision; public asset and liability management (including management of reserves, debt management and debt markets, and sovereign wealth funds); and systemic issues and crisis management). IMF MCM TA involves the provision of advice to member countries with the aim of promoting sound and efficient financial systems, and effective monetary and exchange policies. This includes establishing well-structured monetary and financial frameworks to achieve financial and macroeconomic stability as a foundation for sustained economic growth. The focus is very much on helping countries build their own capacity to direct and implement their policies in an effective and efficient manner. IMF MCM Strategy : MCM revised its medium-term Technical Assistance Strategy in February2011.8 The new strategy was designed to respond to evolving issues and challenges faced by member countries, changing departmental priorities in a post-crisis world, continued tight budget constraints, and more demanding donor approaches in funding TA. The medium-term strategy adopts a four-pronged approach aimed at preserving the MCM brand name as a provider of top quality technical advice to member countries on monetary and financial sector issues. Key elements of the medium term strategy are: (i) thematic alignment of TA with Fund/MCM priorities and integration with the various MCM work pillars; (ii) strengthening partnership and collaboration with stakeholders and adjusting to a changing funding environment; (i) adapting TA modalities and enhancing expert capacity to meet new demands; and (iv) enhancing processes to ensure quality control and effectiveness.

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Question ajoutée par Mohammad Shafiqul Islam , Senior Assistant Vice president & Manager , Standard Bank Limited
Date de publication: 2014/03/30
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