Publication
Summary of publication
The evaluation aims to provide lessons learned and recommendations based on findings to improve the effectiveness of capacity development interventions, and guide future strategic direction of the program. Overall, the review found that PFTAC Phase V programs and objectives are aligned with, and supportive of, member countries’ national priorities. PFTAC responded effectively and in a timely manner to member countries’ needs in most program areas and countries over the review period. However, competing priorities in countries in some cases interrupted or delayed progress on PFTAC program targets.
DFAT accepts the evaluation’s findings and agrees or partially agrees with each of its eight recommendations. The IMF, in consultation with development partners and member countries, has developed an action plan that outlines steps to remedy program performance, and implement recommendations in the remainder of PFTAC’s fifth phase (which runs to April 2023) and the design of Phase VI (commencing May 2023).