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“METAC is a shining example of how technical assistance can be effective in bringing about tangible and important developments…” Dr. J. Al- Wazir Governor of the PMA. Serving the region in partnership with: The European Commission The European Investment Bank France
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effective in bringing about tangible and important developments…”
Dr. J. Al-Wazir
Governor of the PMA
Deutsche Gesellschaft für Internationale Zusammenarbeit
U.S. Agency for International Development
The SC acts as an advisory body, providing guidance to develop the Center’s strategy and define its priorities.
The SC meets on an annual or need basis.METAC Governance
Provide capacity-building assistance
Facilitate the reform process in member countries
Support the region’s integration in the world economy
METAC’s resources are available for :
Integration with IMF surveillance and lending activities
Decentralized and well tailored delivery of TA
Strong country ownership
Fast and efficient response to TA requests
Effective follow up on implementation of TA
Close coordination with other TA providers
Focused subject-specific and hands-on training for local officials
Main purpose is to achieve a more risk-oriented banking supervisory and regulatory framework that enhances financial stability in the region and aligns it further with international standards and best practices, by:
Enhancement of risk-based supervisory and enforcement frameworks in both onsite and offsite supervision functions
Further alignment of the financial regulatory framework with Basel principles and standards
Enhancement of public credit registries and credit bureaus to be in line with international best practices
Building the capacity of the region’s banking supervisors on the best practices and latest standards related to banking supervision and financial stability
Main purpose is to improve the overall quality of macroeconomic statistics and to promote the use of internationally-accepted concepts and statistical methodologies, by:
Developing compilation and dissemination procedures
Identifying emerging data sources
Preparing and verifying data
Documenting data sources and compiling methods
Main purpose is to build capacity for reforms in budget preparation and execution to improve expenditure control and revenue monitoring, by:
Improving organization and providing capacity building at ministries of finance
Public Financial Management
Improving financial accounting and reporting and strengthening internal and external control mechanisms
Reforming budgeting and accounting classification; and improving treasury systems
Main purpose is to develop and implement revenue administration reforms, by:
Upgrading revenue administration to bring it to best international standards
Enhancing and streamlining revenue administration procedures
Implementing effective compliance schemes and tools based on risk management
Developing organizational and legislative frameworks to improve revenue performance
METAC TA in Debt Management and Money Markets Development (ceased in October 2012)
Main purpose was to assist in creating sound debt management practices and proper coordination between debt management and monetary and fiscal policy, by :
Debt Management & Money Markets Development
Building capacity in debt and money markets development
Strengthening the functioning of primary and secondary markets
Strengthening debt management frameworks including institutional arrangements and strategy development
Enhancing coordination between debt management and monetary policy
METAC organizes a large number of regional seminars and conducts intensive and hands-on in-country training.
Many Central banks (Syria, Libya, Yemen, Afghanistan) have established a banking supervision framework that is further aligned with international best practices.
Upgrading of credit registries in West Bank and Gaza and Sudan was successfully implemented.The PMA credit registry is the first registry in the region and one of only a few worldwide.
New risk-focused supervisory manuals were developed: Bank Inspection Manual (Jordan and Libya) and Non-Bank Financial Institutions Manual (Lebanon).
Public Financial Management
Reorganizing tax administration to improve effectiveness, particularly with respect to strengthened headquarters and function-based tax offices – Egypt, Jordan, Lebanon, Sudan, Syria, and Yemen
Developing and expanding taxpayer segmentation concepts, initially through establishing a large taxpayer office then by deploying subsequent measures to strengthen medium and small taxpayer administration – Egypt, Jordan, Syria, Sudan, and Yemen
Strengthening the concepts of self-assessment and risk management, including designing risk-based compliance strategies and implementing modern enforcement measures and schemes – Jordan, Lebanon, Sudan, Syria, and Yemen
Supporting streamlining of tax procedures, automation of tax operations, and firming-up of taxpayer register – Afghanistan, Sudan, and Syria
Enhancing tax systems and legislation frameworks, including streamlined and harmonized tax procedure codes, improved or new VAT systems, and small business regimes – Afghanistan, Egypt, Jordan, Lebanon, Sudan, and Syria
Central Bank Accounting
(Activity ceased in October 2009)
Development of the internal audit functions of the Central bank of Iraq and the Central Bank of Syria.
Risk based Internal Audit was established in the Palestine Monetary authority.
IBAN use was declared to be mandatory for all banks in Lebanon as of July 1, 2010. Lebanon is now registered as an IBAN user Country in the SWIFT-IBAN Registry.
A draft IFRS based Accounting Policy Document was prepared by METAC to be used as a basis for formal central banks Accounting Policies.
The evaluation found that the process of identifying technical assistance needs works reasonably effectively, and that METAC TA has provided important value added to IMF activities in relation to providing capacity building, follow up, and implementation support
In addition to the Fund, the Center is financed by the host country and other recipient countries of METAC’s TA as well as bilateral and multilateral donors:
Recent contribution by Germany of $2.4 million, through the German Agency for International Cooperation, and $1.3 million by the United States Agency for International Development will help offset the pledges that were not made.