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India and IMF inaugurate Joint Training Program (ITP)

Jan '07
Mr. John Lipsky, First Deputy Managing Director of the International Monetary Fund (IMF), and Dr. Rakesh Mohan, Deputy Governor of the Reserve Bank of India, formally inaugurated the Joint India-IMF Training Program (ITP) in Pune, India.

The ITP is the seventh training program to be established by the IMF Institute outside of its headquarters in Washington DC. The other programs are located in Abu Dhabi, Austria, Brazil, China, Singapore, and Tunisia.

The ITP provides policy-oriented training in economics and related operational fields to officials in India, and in other countries in South Asia and East Africa. Courses will cover macroeconomic management and policies, financial programming, monetary policy, bank supervision, financial sector issues, public finance, exchange rate policy and foreign exchange operations, and statistics.

It is also planned to have seminars on topical issues for high-level officials. The ITP infrastructure and secretariat have been put in place by the Reserve Bank of India in the campus of the National Institute of Bank Management at Pune. The cost of running the ITP programs is shared by the IMF, the Reserve Bank of India, and the Government of Australia.

Mr. Lipsky noted that training is a major part of IMF's efforts to strengthen policy-making capacity in member countries. He hoped that the new Institute would "help disseminate the policy lessons learned in other parts of the world and provide a forum for discussing regional issues.

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