Macro-Economic Management and Policies

22 July to 2 August

The objective of this program Macroeconomic Management Policy Framework for Senior Officials in general terms takes a look at  country macroeconomic framework and how and why it is useful in supporting analysis of  the behaviour and performance of an economy and service delivery, with particular emphasis on the public finances.  The most important elements or components around which the macroeconomic framework is examined are the real balance, the government balance, the balance of payments, the monetary balance and the connections between the these balances with regards to indebtedness, the countries’ competitiveness in the region and broad economic growth

The Training workshop covers the interrelations between fiscal variables and macroeconomic aggregates, and the main aspects of the design and implementation of macro-economic fiscal policy as an instrument to achieve macroeconomic stability and growth. The course draws on the experience of our facilitators in providing fiscal policy advice, on studies undertaken in various areas, and on selected research by outside scholars which is included in this program.

Target Audience: 

This course is aimed at Middle- to Senior-level officials in ministries of finance, public institutions in the economy, and planning, or in central banks, who provide advice on macroeconomic policies or who are involved in policy implementation. Participants are expected to have practical macroeconomic experience, a postgrad qualification and or an advanced degree in economics or equivalent policy experience

Course Outcomes: 

Upon completing this workshop, the delegates should be able to:

  • Identify and what is the appropriate mix of monetary, fiscal, and exchange rate policies for redressing domestic and external financial imbalances
  • Understand whetherpolicies pursued under supported programs lead to higher growth, lower inflation, and reduced external imbalances
  • Implement policies that help to promote economic growth and the importance of current account sustainability, and how can it be determined
  • What indicators help policymakers to detect risk factors that affect current account sustainability, debt management and that contribute to financial crises
  • Understand how should monetary policy be designed and how does inflation targeting enhance the performance of monetary policy
  • Understand how fiscal policy be used to achieve policy objectives and the criteria for assessing the fiscal balance