International Monetary Fund

International Monetary Fund (IMF) endorses the objectives of the Addis Tax Initiative (ATI) and has joined the ATI as a supporting organisation.

The International Monetary Fund (IMF) is a global organisation conceived at the United Nations Bretton Woods Conference in 1944. Its primary mission is to ensure the stability of the international monetary system and to promote international trade, employment, sustainable economic growth and reduce global poverty. The organization is governed by and accountable to its 190 member countries.

The IMF advises member countries with the aim to foster economic stability, reduce vulnerability to economic and financial crisis, and raise living standards. As well, it provides loans to member countries experiencing problems in their balance-of-payments. In addition, the IMF offers periodic assessments of global economic prospects, financial markets, and regional economic outlooks, among others. In its biannual Fiscal Monitor, launched in 2009, the Fund evaluates the latest public finance developments and updates its projections.

To address the increasing demand for technical assistance from low- and lower middle-income countries in the area of domestic revenue mobilisation, the IFM launched together with several donor agencies the Revenue Mobilization Thematic Fund (RMTF). The RMTF focuses on assisting low- and lower middle-income countries through two approaches. One the one hand, through supporting transformational reforms by assisting the reforms beneficiary countries make to their tax systems, e.g. redesigning tax policy frameworks and strengthening revenue administrations.  The second approach consists of targeted support for reforms, which focuses on specific areas of the tax system where improvements are most needed.

In addition to the two mentioned approaches, the RMTH fosters DRM by supporting diagnostic tools to monitor the progress of reforms and the impact of technical assistance, such as the Tax Administration Diagnostic Assessment Tool (TADAT) and the Revenue Administration Gap Analysis Program (RA-GAP). As well, it supports applied analytical work that investigates revenue reform issues, for instance on the use of electronic fiscal devices by tax administrations. The RMTH is financed jointly by 12 countries, from which nine are ATI development partners.