The mission of the International Monetary Fund’s Middle East Center for Economics and Finance is to build capacity through hands-on training for policymakers in Arab League countries, as well as to lead conferences, symposia and seminars. The aim is to strengthen the design and implementation of economic policies in the Arab World. The CEF is hosted and financed by the State of Kuwait. It started operations in 2011 and was officially inaugurated in 2014.
Training is an important part of the IMF’s work. The IMF currently oversees four regional training centers around the world, including the CEF. The Joint Vienna Institute (JVI) is located in Austria and is primarily for countries in Central, Eastern and Southeastern Europe, the Caucasus and Central Asia. The Africa Training Institute (ATI), in Mauritius, targets Sub-Saharan African countries. The Singapore Regional Training Institute (STI) serves as the regional training center for the Asia-Pacific region.
The IMF is the principal training provider for the CEF in the area of economics and finance. Other training, outside the core areas of expertise of the Fund, is delivered by partner organizations such as the Organization for Economic Cooperation and Development (OECD), the World Bank Group (WBG) and the World Trade Organization (WTO). The CEF also partners with the Arab Monetary Fund (AMF) for training in Abu Dhabi and other Arab countries, and with Bank Al-Maghrib for training in Rabat.