PFTAC

The Pacific Financial Technical Assistance Centre (PFTAC) was established in 1993 to promote macro-financial stability in the Pacific Island countries (PICs) through a focused program of technical assistance and training. PFTAC was the first of the International Monetary Fund (IMF) regional technical assistance centers, representing a collaborative venture between the IMF, the member countries, and bilateral donor partners. The goal of PFTAC is to strengthen the institutional capacity of Pacific countries to design and implement sound macroeconomic and financial policies. Macroeconomic and financial stability, in turn, are essential underpinnings for sustainable economic growth and the achievement of Sustainable Development Goals... PFTAC's operations are funded by contributions from a variety of sources. In the current Phase V funding cycle, running from 01 November 2016 to end of April 2022 (FY2017-FY2023), funding is being provided by the Asian Development Bank (ADB), Australia,..

Also known as: Pacific Financial Technical Assistance Centre