Project profile — Caribbean Regional Technical Assistance Center (CARTAC) - phase VI

• Antigua and Barbuda (4.00%)
• Anguilla (5.00%)
• Netherlands Antilles (1.00%)
• Aruba (2.00%)
• Barbados (15.00%)
• Bermuda (2.00%)
• Bahamas (4.00%)
• Belize (9.00%)
• Dominica (4.00%)
• Grenada (4.00%)
• Guyana (6.00%)
• Haiti (1.00%)
• Jamaica (6.00%)
• Saint Kitts and Nevis (4.00%)
• Cayman Islands (3.00%)
• Saint Lucia (6.00%)
• Montserrat (3.00%)
• Suriname (4.00%)
• Turks and Caicos Islands (4.00%)
• Trinidad And Tobago (5.00%)
• Saint Vincent And The Grenadines (6.00%)
• Virgin Islands (British) (2.00%)

• Public finance management:
Public finance management (15111) (25.00%)
Domestic Revenue Mobilisation (15114) (25.00%)
• Other Social Infrastructure And Services: Statistical capacity building (16062) (20.00%)
• Financial policy and administrative management:
Financial policy and administrative management (24010) (20.00%)
Monetary institutions (24020) (10.00%)

• Environmental sustainability (cross-cutting) (significant objective)
• Climate Change Adaptation (significant objective)
• Gender equality (significant objective)
• Climate change mitigation (significant objective)

CARTAC works to build the capacity of governments across 23 Caribbean countries and territories to strengthen their institutional and human capacity to design and implement sound macroeconomic policies to promote growth and reduce poverty. The project aims to achieve these objectives through delivery mechanisms such as providing capacity development and training by long-term experts based in the region and short-term advisory assignments, in-country workshops, and regional training seminars. There are 12 technical specialists primarily based in Barbados at the headquarters of the Caribbean Regional Technical Assistance Center (CARTAC). They engage in supporting a wide range of economic areas such as financial stability, tax administration, customs, financial sector supervision, macroeconomic programming, real sector statistics, external sector statistics, and public financial management (PFM). Established in November 2001, CARTAC is one of 10 International Monetary Fund (IMF) Regional Technical Assistance Center. CARTAC is in its sixth phase of operations and is a pooled funding mechanism of donor and Caribbean country resources that supports 23 countries and territories across the Caribbean. Phase VI particularly focuses on integrating gender and climate resilience across all work streams.

The expected outcomes of this project include: (1) improved management of public finances in CARTAC member countries through increased effectiveness of domestic revenue systems, more effective and transparent budget preparation and execution, and enhanced macro-fiscal policy formulation; (2) increased resolution and minimization of risk factors identified in the financial systems; (3) increased regulation and supervision of capital markets, banking, and non-bank financial institutions; (4) increased use of macroeconomic statistics programming analysis in key public institutions; and (5) increased mainstreaming of gender and climate resilience throughout all capacity development streams. This includes financial stability, tax administration, customs, financial sector supervision, macroeconomic programming, real sector statistics, external sector statistics, and public financial management (PFM).

Results achieved as of April 2025 include: (1) delivered 152 technical assistance missions and trained more than 1,100 public officials across the Caribbean in public financial management, tax administration, economic statistics, and financial sector oversight; (2) supported key reforms in tax administration, debt management, financial oversight, and economic statistics, including online tax filing and payment services in Saint Vincent and the Grenadines and strengthened debt management systems in Suriname and Guyana; and (3) advanced climate-responsive public finance through support for climate-sensitive budgeting, climate finance legislation, and climate risk assessment initiatives across the region.

• Proactive disclosure