Technical Assistance. The IMF provides technical assistance on fiscal and monetary policy, regulatory procedures, tax policy, and collection of statistics, among other issues. These programs are aimed at strengthening developing countries’ abilities to reform and properly manage their macroeconomic policies. The IMF dispatches its own experts and private consultants on training missions to educate government officials and also runs the IMF Institute in Washington, D.C. to provide courses for officials.
In addition to these three main activities, the IMF also has instituted various programs to ensure the stability of financial system management on a global scale. For example, the IMF, along with the World Bank and other institutions, has drafted voluntary standards and codes for countries and financial institutions to adapt in order to increase accountability and transparency and to limit corruption. The IMF also has developed two systems of collection and dissemination of statistical information to help assess the economic viability of the domestic and international financial systems.