CD GUIDANCE NOTE IMF staff regularly produces papers proposing new IMF policies, exploring options forreform, or reviewing existing IMF policies and operations. The following documents havebeen released and are included in this package: •TheStaff Report,preparedby IMF staff and completed onJanuary 15, 2026for theExecutive Board’sinformationonJanuary 16, 2026. TheIMF’stransparency policy allows for the deletion of market-sensitive information andpremature disclosure of the authorities’ policy intentions in published staff reports andother documents. Electronic copies of IMF Policy Papersare available to the public fromhttp://www.imf.org/external/pp/ppindex.aspx International Monetary FundWashington, D.C. CD GUIDANCENOTE EXECUTIVE SUMMARY Capacity Development (CD), comprising technical assistance(TA)andtraining, fostersmacroeconomic stability and growthby improving humancapital and institutions in member countries.The IMFregularlyreviews its CDStrategy to ensure that CD continues to be of high quality and wellfocused on theneeds of its members.The2024 CD Strategy Review(CDSR)calledfor CD tobecomeevenmore flexible, integrated withsurveillanceand lending, and tailoredto respond to member needs.Flexibility, integration,and tailoring ensure Fund CDremains fit for purpose in a rapidly evolving world. ThisCDGuidanceNoteprovides a one-stop source of information andreference materials on Fund CD-related policies, practices, and procedures.Inline with theManagementImplementationPlan(MIP)on theIndependentEvaluation Office’s (IEO)2022Evaluation of CD, this GuidanceNotesupersedesthe2019IMF Policies and Practiceson Capacity Developmentandserves tooperationalize the recommendations of the 2024 CDSR.Italsointegratesrelevantearlierguidanceto staffrelated to CD delivery andmanagement. ThisGuidanceNoteis expected to be of useprimarilyto IMF staff, ExecutiveDirectors and their staff, country authorities, anddevelopment partners.Itspublicationwillalignthe approach to CD with that takeninstrategicreviews ofotherIMF activitiesby providingaunified and streamlined operational direction tostaffandwill informthe general publicabout therelevant guidance on CD. Approved ByCatriona Purfield(ICD) Prepared by the Institute for Capacity Development (ICD) inconsultation with other departments andledbyFaisal Ahmed,withcontributions and support from Roman Didenko, Valeria Mensah,Enkhzaya Demid,Dilek Goncalves,Frank Thomas, Nathalie Carcenac,Barbra Licudine,andSylvia Mogeniunder the overall guidance ofCharleen Gust and Michaela Erbenova (all ICD). CONTENTS Glossary___________________________________________________________________________________________3ABOUT CD GUIDANCE___________________________________________________________________________4MANDATE AND OBJECTIVES___________________________________________________________________4SCOPE AND MODALITIES_______________________________________________________________________4CD GOVERNANCE_______________________________________________________________________________6INTEGRATION WITH SURVEILLANCE AND LENDING________________________________________10PRIORITIZATION______________________________________________________________________________11DELIVERY_______________________________________________________________________________________13COORDINATION, COMMUNICATION, AND DISSEMINATION_______________________________16MONITORING, EVALUATION, AND IMPACT_________________________________________________17PARTNERSHIPS AND FUNDING______________________________________________________________19 FIGURES 1.Integration of CD with Surveillance and Lending______________________________________________102. CD Planning and Prioritization Process________________________________________________________133. Multi-Faceted Integration in Fund CD_________________________________________________________15 Glossary ADArea DepartmentCCBCommittee on Capacity BuildingCEFCommon Evaluation FrameworkCDCapacity DevelopmentCDDCD DepartmentCDMAPCD Management and Administration ProgramCDSRCD Strategy ReviewFCSFragile and Conflict-Affected StatesHQHeadquartersICDInstitute for Capacity DevelopmentIEOIndependent Evaluation OfficeKEKnowledge ExchangeMIPManagement Implementation PlanM&EMonitoring and EvaluationMTBMedium-Term BudgetMTB-CDMedium-Term Budget for CDMTWMedium-Term WorkplanOGNOperational Guidance NoteRCDCRegional Capacity Development CenterRBMResults-Based ManagementRSNRegional Strategy NoteRTACRegional Technical Assistance CenterRTCRegional Training CenterSDSSmall Developing StateSRFStrategic Results FrameworkSTXShort-Term ExpertTATechnical AssistanceTFThematic Fund ABOUT CD GUIDANCE 1.ThisCD GuidanceNoteprovidesaone-stopsource ofinformationand referencematerialsonFundCD-related policies, practices, and procedures.ItsupersedesthePolicies andPractices on Capacity Development(2019),retaining itsbroad principlesandreflecting recentupdatesto CD policiesincludingthe conclusions of the 2024 CDSR approved by the