Macroeconomics Basics - virtual training

Training objectives

A conducive investment climate is essential to foster investments, allowing for socio-economic transformation, boosting the development and competitiveness of the private sector, creating jobs, and deepening trade integration. It requires a sound macro-economic framework, or helping restoring imbalances where needed, for long-term investments favouring growth and transition to a green economy. Particular attention must be paid to debt vulnerabilities, solutions to address these and supporting debt management capacities in partner countries. This implies sustainable fiscal policies, also to cater for the maintenance of investments and associated running costs. Contributing to debt sustainability is a policy objective for the EU, particularly when designing and implementing Global Gateway projects under the European Fund for Sustainable Development+ (EFSD+). 

Specifically, the course has the following objectives:

• To help participants understand main macroeconomic concepts for macroeconomic analysis and frequent macro imbalances in Low-Income Countries (LICs) and Emerging Markets (EMs);
• To make participants understand the importance of macroeconomic stability and the relevance of fiscal and monetary policies for the Global Gateway Investment Agenda;
• To help participants assess macroeconomic policies in the context of budget support and assess the financing of public policies/investments in relation to medium-term fiscal frameworks;
• To help participants acquire understanding of principal features of the 4 main macroeconomic sectors according to the IMF methodology and the interrelations between them;
• To provide participants with broad knowledge of IMF financial programming and policies and help them interpret and analyse macroeconomic tables in IMF reports (Art. IV and Programs);
• To familiarize participants with the relevant sources of macroeconomic data and information;
• To provide the participants with reference documentation that they can use in their daily work.

Content 

This 3-day virtual training focuses on the following:

• Basic Macroeconomic concepts – Introduction
• IMF Approach to Macroeconomics and Introduction to Financial Programming
• Real Sector
• External sector - Balance of payments
• Governmental sector and Fiscal policy
• Public Debt Sustainability Analysis - the IMF/WB debt sustainability framework
• Monetary and Financial sector Interrelationships among Macroeconomic Accounts
• IMF Financial Programming practice: How to read, analyse, interpret IMF Reports—Case Study

Target audience 

Open to staff from ENEST, MENA, ECHO, TRADE, FPI, and EEAS, in Delegations and at Headquarters.  Also open to EU Member States’ staff upon seats availability and to other stakeholders upon request.

Training materials : The presentation is now available below.