Office of Technical Assistance
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Office of Technical Assistance (OTA) is part of the U.S. Department of the Treasury, providing expert advice to finance ministries and central banks in developing countries to improve their public financial management systems and financial sectors.
Mission
OTA's mission is to assist developing and transitional economies in enhancing their financial management capabilities. This involves improving tax administration, budget process transparency, debt management, banking supervision, and anti-money laundering efforts, thereby fostering economic stability and growth.
Parent organization
OTA is housed within the U.S. Department of the Treasury, which oversees numerous financial and economic policies, both domestic and international.
Legislation
There is no specific legislation noted for OTA's creation; it operates under the broader mandate of the Department of the Treasury to support international economic development.
Partners
- Finance Ministries and Central Banks in partner countries
- International Monetary Fund (IMF)
- U.S. Agency for International Development (USAID)
- World Bank
Number of employees
The specific number of employees for OTA is not publicly disclosed.
Organization structure
OTA's structure includes:
- Revenue Policy and Administration Team, focusing on tax systems.
- Budget and Financial Accountability Team, dealing with public finance management.
- Government Debt Issuance and Management Program, supporting debt markets.
List of programs
- Assistance in Tax Policy and Administration
- Budget and Financial Management Support
- Banking and Financial Services Regulation
- Public Debt Management
Last total enacted budget
The budget for OTA is not publicly itemized but is part of the broader Department of the Treasury's budget.
Leader
OTA is overseen by Marisa Lago, who serves as the Assistant Secretary for International Markets and Development.
Services provided
OTA provides direct, on-the-ground technical assistance through resident and intermittent advisors. Services include policy advice, legislative drafting, training programs, and system implementation support in areas like tax, budget execution, debt management, and financial sector oversight.
Regulations overseen
OTA does not directly oversee regulations but helps countries develop their own policy and regulatory frameworks for financial management.
Headquarters address
1500 Pennsylvania Ave NW, Washington, DC 20220
Website
https://home.treasury.gov/policy-issues/international/development-finance/technical-assistance
Wikipedia article
wikipedia:Office of Technical Assistance (United States Department of the Treasury)