The High-Level Peer-to-Peer Forum on Monetary Policy in the ASEAN countries held in Singapore on July 9-10, 2018, was an extraordinarily well-organized and effective event. Representatives from ASEAN central banks gave detailed and transparent policy presentations on their different approaches to inflation targeting. The exchange of views (with the IMF and other international experts)—whether related to upcoming global challenges or local policy implementation—represented genuine progress toward improved monetary policy in the region.
STI is proud to invite its participants to our upgraded training institute.
The IMF Institute for Capacity Development (ICD) was established in 1964 to provide training in economic management to officials of the IMF’s member countries. Training is delivered at IMF Headquarters in Washington, D.C., through IMF regional training centers, in collaboration with other regional training institutions and national governments, and through online courses in partnership with edX. ICD is pleased to introduce our improved curriculum which is a result of a detailed review and redesign of the IMF course offerings with the aim to complement and enhance the IMF’s work. The new program better integrates with members’ needs and the IMF core mandate by clarifying course objectives, sharpening the focus of courses, minimizing overlaps, and establishing clearer sequencing across courses while also introducing new material.
The IMF’s partners in Asia tell the story of how the IMF – Singapore Regional Training Institute helps boost the economic policymaking capacity of countries in the region.
Policymaking has become more complex and multifaceted, so policymakers need to have the requisite skills, knowledge, and judgment to be able to deal with this complex global environment. Hence the importance of capacity development in the region.
The Directors of Training Meeting is a useful platform for all heads of training institutions to discuss pertinent issues related to capacity building, and to review how the STI can better meet the demand for specialized economic and financial courses in the Asia-Pacific region.
The IMF is a world thought leader in fiscal and monetary policy; however, it’s also a neutral thought leader. It doesn’t provide you with the Japanese view, the American view, the European view, or the Australian view. It provides you with a global view that’s made up of every one of its member states. So it’s mutual, it’s based on partnership. It’s not telling you what to think: it’s exchanging ideas.
Old schools of thought should not be thrown away, but we need to keep abreast of new developments.
The training courses reflect the IMF’s own experience globally. That’s why their courses are important to us — the IMF’s global presence makes training, I think, far more effective than that of other organizations.
At the STI, learning is not just in the classroom, but also through the interactions and the sharing of experiences with the participants. That is something our employees really value.