WCO signs MoU with IMF

Dr. Kunio Mikuriya

The World Customs Organization (WCO) and the International Monetary Fund (IMF) have signed a Memorandum of Understanding (MoU) on data using the Revenue Administration Fiscal Information Tool (RA-FIT) to establish a framework for cooperation between the two bodies regarding a harmonized approach to the collection of Customs administration data from WCO Members on a voluntary basis, through the International Survey on Customs Administrations (ISOCA).

The objective of the partnership is to provide a set of both quantitative and qualitative Customs administration information which facilitates data analysis.

The Secretary General of the World Customs Organization (WCO), Dr. Kunio Mikuriya, and the Director of the Fiscal Affairs Department of the International Monetary Fund (IMF), Dr. Vitor Gaspar, signed the MoU between the two organizations penultimate week.

By uniting resources and expertise, the effective implementation of ISOCA will provide an efficient platform for collecting national-level information and data on Customs administrations to support analysis and research, identify trends and opportunities for policy and administrative developments, advocate investment and allocation of resources, provide advice, and direct technical assistance and capacity building support. 

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