Course Details

Macro-Fiscal Planning for Central Banks Training Course

INTRODUCTION

Effective macro-fiscal planning is essential for ensuring economic stability and fostering sustainable growth. Central banks play a pivotal role in shaping fiscal policies that complement monetary strategies to achieve macroeconomic objectives. Macro-Fiscal Planning for Central Banks Training provides a comprehensive understanding of macro-fiscal frameworks, focusing on fiscal forecasting, budget planning, and policy coordination with monetary institutions.

Participants will engage with case studies, practical tools, and simulations to analyze fiscal trends, design medium-term frameworks, and address emerging economic challenges such as debt sustainability and climate finance. This Macro-Fiscal Planning for Central Banks Training training emphasizes practical skills, equipping participants to analyze and address real-world fiscal challenges effectively. The Macro-Fiscal Planning for Central Banks Training Course also fosters collaboration and knowledge sharing, enabling participants to apply innovative solutions in their respective roles.

 DURATION

5 days

TARGET AUDIENCE

This Macro-Fiscal Planning for Central Banks Training Course is designed for:

• Central Bank Officials involved in fiscal analysis and policy coordination.
• Government Economists working on fiscal forecasting and budgeting.
• Policy Advisors and Analysts supporting macroeconomic planning.
• Academics and Researchers focused on public finance and macroeconomic stability.

 COURSE OBJECTIVES

By the end of the Macro-Fiscal Planning for Central Banks Training Course, participants will be able to:

• Understand the principles and components of macro-fiscal planning.
• Develop medium-term fiscal frameworks aligned with economic objectives.
• Conduct fiscal risk assessments and scenario analyses.
• Address the challenges of fiscal sustainability, including public debt dynamics.
• Integrate climate considerations and development goals into fiscal planning.
• Foster coordination between fiscal and monetary policies.

COURSE CONTENT

Module 1: Foundations of Macro-Fiscal Planning

• Introduction to fiscal policy objectives and macroeconomic stability.
• The role of central banks in fiscal planning.
• Fiscal policy in the context of economic cycles.

Module 2: Fiscal Forecasting and Budget Analysis

• Techniques for forecasting government revenues and expenditures.
• Budgeting principles and performance-based budgeting.
• Workshop: Analyzing fiscal deficits and their macroeconomic implications.

Module 3: Medium-Term Fiscal Frameworks

• Designing fiscal strategies for medium-term economic goals.
• Tools for fiscal planning: fiscal rules, targets, and anchors.
• Practical exercise: Building a medium-term fiscal plan for a case economy.

Module 4: Public Debt Management

• Dynamics of public debt: sustainability and risks.
• Strategies for managing sovereign debt and mitigating fiscal crises.
• Case study: Lessons from global debt crises and successful recoveries.

Module 5: Climate and Development Finance

• Integrating climate risks and sustainability into fiscal frameworks.
• Mobilizing domestic and international resources for development goals.
• Discussion: The role of fiscal policy in achieving SDGs.

Module 6: Fiscal-Monetary Policy Coordination

• Interactions between fiscal and monetary policy: challenges and opportunities.
• Central bank independence vs. fiscal policy alignment.
• Simulation: Managing a fiscal-monetary policy response to an economic shock.

Module 7: Simulation and Final Presentations

• Group project: Designing a comprehensive macro-fiscal plan.
• Presentation and peer review of projects.
• Certification ceremony and course evaluation.

 CERTIFICATION

• Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

• Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

• Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

• Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com