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IMF's Lipsky at the India-IMF Training Program

In a speech given on 24 January John Lipsky of the IMF said the IMF fully appreciates the complexity of economic policymaking in a world of increasingly integrated national economies.

"Where officials are confronted with a daunting number of complicated issues and rapidly-changing data that can require instant analysis and action. This makes it even more important for countries to develop sound institutional underpinnings, and to that end we offer an extensive system of training and education for policymakers - at our headquarters in Washington and at seven regional training centers throughout the world. Our goal is to help countries build an intellectual infrastructure - one that assists policymakers as they strive to create macroeconomic stability and to build institutions that strengthen domestic policymaking.

"We have already trained more than 50,000 country officials, and this training has focused on a number of topics, from the integration of financial sector analysis into macroeconomic analysis to trying to ensure that aid flows and debt relief are absorbed by low-income countries in a manner that doesn't introduce economic inefficiencies or distortions.

Remarks by John Lipsky, First Deputy Managing Director, at Joint India - IMF Training Program, Pune, India, 24 January 2007.

Click here to read the speech

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