Training Program

Macroeconomic Diagnostics (MDS)
Deadline passed
Session No.: SA 25.51
Location: New Delhi, India
Date: December 1-12, 2025 (2 weeks) New dates
Delivery Method: In-person Training
Primary Language: English
Target Audience
Mid level to senior officials in central banks, ministries of finance/economy or public agencies who diagnose the macro economy and prepare projections/policy analysis. Open to government officials from SARTTAC member countries; course delivered in English with workshops using case studies.
Qualifications
Background in economics (advanced degree or equivalent experience), good quantitative skills, and proficiency in Microsoft Excel. Prior completion of MDSx (Macroeconomic Diagnostics online) or FPP.1x is recommended but not required.
Course Description
This course strengthens participants' ability to diagnose a country's macroeconomic situation using practical tools applied by IMF economists. It covers assessment of the current conjuncture; drivers of growth and the output gap; inflation dynamics; the stance and transmission of monetary and fiscal policy; macro financial linkages using financial soundness indicators; and the external sector, including balance of payments vulnerabilities, exchange rate assessment, and reserve adequacy. Medium term analysis focuses on public and external debt sustainability and risk identification using a simple risk assessment matrix. Delivery blends lectures with hands on workshops and case studies relevant to South Asia to develop a coherent, policy oriented narrative and support application in participants' day to day work.
Course Objectives
Upon completion, participants will be able to:
- Analyze potential output and compute output gaps to diagnose the growth outlook.
- Assess the stance of fiscal, monetary, exchange rate, and macro prudential policies and their consistency.
- Evaluate macro financial linkages using financial soundness and risk indicators.
- Assess external sector conditions (current account, capital flows, exchange rate valuation, reserve adequacy).
- Appraise public and external debt sustainability and medium-term prospects.
- Identify key risks and vulnerabilities and summarize them in a simple risk assessment to inform policy.
- Synthesize findings into a policy consistent macroeconomic narrative for decision makers.
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