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SARTTAC: South Asia Regional Training and Technical Assistance Center | Testbook.com

The South Asia Regional Training and Technical Assistance Center (SARTTAC) is an initiative by the International Monetary Fund (IMF) . It was designed to cater to the diverse training and technical needs of South Asian member countries, with the aim of fostering national growth and development.

SARTTAC serves as the hub for a multitude of activities, including the planning, coordination, and execution of tasks related to its mission.

SARTTAC's role and functions are significant for IAS exam candidates.

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SARTTAC's Mission

The primary objective of SARTTAC is to assist its six member countries in developing their infrastructure and resources. This is aimed at fostering macroeconomic stability, sustainable growth, and reducing poverty, aligning with the 2030 Agenda for Sustainable Development.

These goals are pursued in compliance with the policies outlined by the organization.

SARTTAC's Inception

SARTTAC was officially inaugurated in New Delhi on February 13, 2017.

Key Focus Areas of SARTTAC

SARTTAC prioritizes the following areas:

  1. Enhancing revenue mobilization within the member countries
  2. Modernizing the public sector's financial management
  3. Upgrading the financial sector through efficient supervision and regulation
  4. Strengthening the core institutions responsible for formulating effective policies

Further Reading:

UPSC 2021 Calendar UPSC Books
UPSC Syllabus UPSC Notes
NCERT Notes For UPSC UPSC Prelims
UPSC 2021 UPSC Current Affairs
List of Important Headquarters of International Organisations Commonwealth of Nations
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