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When Does Capacity Development Achieve Good Outcomes? Evidence from the IMF Results-Based Management Data

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  • Antonio Bassanetti

Abstract

Capacity development is one of the IMF’s core activities. Its impact is monitored through a Results-Based Management framework. Using for the first time the resulting dataset, the paper investigates how the likelihood of achieving targeted outcomes correlates with macroeconomic conditions and project-specific characteristics. Results indicate a positive correlation with per capita GDP growth and the involvement of resident advisors and regional centers. Results also confirm lower chances of achieving targeted outcomes for fragile, conflict-affected, and small states as well as in complex projects. These findings inform Fund CD strategy, prioritization and delivery to help member countries achieve better outcomes.

Suggested Citation

  • Antonio Bassanetti, 2021. "When Does Capacity Development Achieve Good Outcomes? Evidence from the IMF Results-Based Management Data," IMF Working Papers 2021/285, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2021/285
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