SARTTAC is IMF’s South Asia Regional Training and Technical Assistance Center (SARTTAC) and was developed to respond to the various training and technical requirements of the South Asian member countries for the upliftment of the nation’s overall growth and development.
This is the focal point of all sorts of activities like planning, coordinating and implementing the tasks assigned for this purpose.
This topic is important for all IAS exam aspirants.
What is the goal of SARTTAC?
SARTTAC’s goal is to help its six member countries to build their infrastructure and resources in such a way that ultimately results in enhanced macroeconomic stability, sustainable growth, and poverty reduction in line with the 2030 Agenda for Sustainable Development.
This has to be done in accordance with the already stated policies by the organization.
When was SARTTAC inaugurated?
SARTTAC was inaugurated in New Delhi on February 13, 2017.
What are the priority areas of SARTTAC?
The priority list of SARTTAC involves:
- Improved revenue mobilization within the countries
- Modernizing financial management of the public sector
- Upgrading the financial sector through effective supervision and regulation
- Strengthening the core institutions responsible for developing effective policies
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