The Institute for Capacity Development’s Internal Economics Training (IET) program provides training
over a wide range of topics that are relevant for IMF economists. The objective
of the program is to ensure that Fund economists at all levels stay at the forefront
of the profession and remain current on the major issues of the day.
The program consists of courses (which run from two to five days) and seminars (typically
half-day events) on topics in econometrics, economic theory, finance, monetary and
exchange rate policy, open-economy macroeconomics, political economy, public economics,
and trade. The popularity of the program has elicited a rapid expansion in the number
of courses and seminars offered since the program’s inception. The Institute consults
with economists from across the Fund in choosing the topics to be covered as well
as the speakers to be invited, and it seeks feedback from participants in all the
courses and seminars. The range of topics covered has broadened significantly in
recent years, reflecting the increasingly complex and rapidly evolving environment
which Fund economists operate.
The Institute invites some of the best-known scholars in their fields to the Fund
to conduct the courses and seminars. Among these are recent recipients of the Nobel
Prize in Economics, as well as the John Bates Clark Medal. Since 2000, country officials
have also participated in selected week-long IET courses in various fields.