When Does Capacity Development Achieve Good Outcomes? Evidence from the IMF Results-Based Management Data

When Does Capacity Development Achieve Good Outcomes? Evidence from the IMF Results-Based Management Data
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Volume/Issue: Volume 2021 Issue 285
Publication date: December 2021
ISBN: 9781616357146
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Summary

Capacity development is one of the IMF’s core activities. Its impact is monitored through a Results-Based Management framework. Using for the first time the resulting dataset, the paper investigates how the likelihood of achieving targeted outcomes correlates with macroeconomic conditions and project-specific characteristics. Results indicate a positive correlation with per capita GDP growth and the involvement of resident advisors and regional centers. Results also confirm lower chances of achieving targeted outcomes for fragile, conflict-affected, and small states as well as in complex projects. These findings inform Fund CD strategy, prioritization and delivery to help member countries achieve better outcomes.