METAC’s resources are available for diagnostic work to identify and design measures needed to strengthen specific aspects of economic and financial governance; preparing detailed implementation plans based on the diagnostic work conducted by TA departments at IMF Headquarters; reviewing proposals or assessments by governments and other donors for consistency with internationally agreed standards, and coordinating activities with other TA providers; providing policy and technical advice either by the Center’s own advisers or by consultants hired by METAC; and organizing training courses, seminars, workshops and dissemination of best practices.

Banking Supervision

METAC has upgraded the inspection manual in line with the recommendations of Basel Committee on Banking Supervision and enhanced the risk-focused approach. The aim is to provide guidance to banks’ examiners on how to evaluate the prudence of banks’ practices, capital and liquidity adequacy, assets and earnings quality, and the adequacy of internal control systems.

Public Financial Management

METAC worked with the Ministry of Finance to launch the development of a macro fiscal unit building on IMF work. Then, METAC has focused its technical assistance mostly on developing a Treasury Single Account. Other donors have also become more involved. GTZ has an on-going project in Jordan to assist macroeconomic modeling and expenditure analysis, and USAID provided assistance with the modernization of the budget classification, the accounting and the development of a GFMIS. In 2009, IMF will launch jointly with the World Bank an overall PFM assessment which will define a new three-year TA strategy.

Revenue Administration

Following the design of the tax administration reform strategy in 2003-04 (integration of sales and income tax departments and segmentation of the taxpayer population), IMF headquarters and METAC involvement has consisted of providing follow-up advice. During 2004-05, METAC focused on preparation and backstopping support for IMF headquarters fiscal expert visits that assisted with the implementation of the strategy. Given the active role of other donors (especially USAID) in revenue administration reforms, the IMF headquarters will continue to provide strategic follow-up advice, with METAC technical assistance focusing on implementation issues.

Multisector Statistics

METAC assisted the authorities with the implementation of a survey of foreign direct investment companies, and supported IMF headquarters on Jordan’s subscription to the Special Data Dissemination Standard (SDDS), which became effective on January 2010. METAC also provides assistance in the area of national accounts.

Central Bank Accounting (Ceased in October 2009)

METAC assisted the Central Bank of Jordan (CBJ) with improving the transparency and understanding of the cost of the CBJ’s functions and internal services. METAC conducted a two-day workshop, providing technical training on the framework, systems and processes need to address the issues of developing costing systems, cost centers and central bank budgeting. This workshop included participants from the central banks of Egypt, Jordan, Libya, Sudan and Yemen.