Monday, May 18, 2020

Evaluation Of A Technical Assistance - 886 Words

The Levin Institute (n.d.) article tell us that the IMF has three main accountability activities: â€Å"surveillance, financial assistance, and technical assistance.† Surveillance is best described as an annual audit of the borrowing countries policies around money, labor, trade, as well as the exchange rate, and general macroeconomic health. The results of these audits are given to the government, and also released to the public. I can’t imagine that it’s comfortable for the dependant country to have its fiscal dirty laundry aired, especially when it comes in the form of the opinion of its lending authority. Technical Assistance is deployed to help the governing body enact the changes required in order to receive a loan. This technical assistance seems to be a sort of project management team that aides the responsible departments to implement these changes. Although it sounds intrusive, one has to assume that the dependant country doesn’t have the experience to manage such an extensive undertaking, otherwise they probably wouldn’t be in the financial straits that made it necessary to have to accept a loan with such strings attached. Financial Assistance: These come in different forms, all with heavy conditions attached. There are short term loans, which are to be paid back in 12-18 months and are created to deal with immediate, short term problems. For countries with more of an infrastructure issue requiring longer, more in-depth lending solutions, a 3-4 year loan is made withShow MoreRelatedEvaluation Of The Technical Assistance Essay1782 Words   |  8 Pages i. Stages of the project The project was scheduled to have two-stage. The technical assistance was to be conducted in two stages. 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