• SARTTAC stands for South Asia Training and Technical Assistance Center
  • Opened by IMF
  • Located in New Delhi
  • It purpose is economic capacity building in South Asia.
  • It will work to support local member countries of South Asia viz. India, Bangladesh, Bhutan, Maldives, Nepal and Sri Lanka to build human and institutional capacity and implement policies for growth and poverty reduction
  • SARTTAC is financed mainly by its six member South Asia countries (mentioned above) with additional support from Australia, South Korea, European Union and United Kingdom.
  • It strategic goal is to help its member countries strengthen their institutional and human capacity to design and implement macroeconomic and financial policies that promote growth and reduce poverty.
  • It will allow the IMF to meet more of the high demand for technical assistance and training from the region.
  • It is expected to become the focal point for the delivery of IMF capacity development services to South Asia.

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