The outlook for the Asia-Pacific region is bright. Many countries continue to grow, helped by healthy business activity and robust government policies. But new challenges are manifold. Commodity prices have remained low, limiting resources in commodity-exporting economies when public and social spending needs are high. Technological and financial innovation are pushing at the frontiers of modern life, but also put new demands on supervision, regulation, and policy making. The key challenge, hence, is to adapt to this evolving environment, build on recent successes, and continue to lay the foundation for strong, sustainable and inclusive growth throughout the region. Meeting this challenge requires policymakers at all levels of government and the central bank to be equipped with the know-how and capacity to formulate and execute appropriate economic and financial policies.
At the STI, our goal is to help countries in the Asia-Pacific region enhance their economic analysis and policymaking capabilities through our extensive program of courses, workshops, and seminars. We continue to adapt our program to meet the region’s evolving training needs. For example, this past year we began to roll out the IMF’s new external training curriculum, where new courses such as Inclusive Growth, Vulnerability Diagnostics, and Financial Development and Financial Inclusion have all been met with strong interest from our member countries. To ensure that our training remains suitably tailored to the countries we serve, we continue to collaborate closely and develop synergies with our capacity development partners in the region, including the IMF Technical Assistance Office in Thailand (TAOLAM) and the recently created South Asia Regional Training and Technical Assistance Center (SARTTAC) in New Delhi.
In all, drawing on our new curriculum, the STI has designed a training program for 2018 that covers the wide range of economic and financial courses most relevant for policymakers in the region. This should enhance our ability to meet the diverse capacity development needs of our member countries. The STI plans to offer 40 courses (63.8 weeks of training) of which 34 will be held in Singapore and 6 in other locations. This brochure lists all courses, seminars, and workshops that will be held in Singapore. During the year, additional courses may be scheduled and announcements can be found on our website www.imfsti.org. Finally, we aim to meet broader capacity development needs in the region and continue to expand the availability of our online courses, which have reached large audiences at www.imf.org/external/np/ins/english/learning.htm.
The STI is deeply committed to its capacity development role in the Asia-Pacific region, and we are extremely grateful to Singapore, Japan, and Australia for their generous and continuing support of the STI.
My colleagues and I look forward to welcoming you to Singapore.
IMF – Singapore Regional Training Institute (STI)