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MPC

Macroeconomic Policy Communication (MPC)

Deadline passed

Session No.: ST 25.34

Location: Singapore, Singapore

Date: January 20-24, 2025 (1 week)

Delivery Method: Blended Training

Primary Language: English

    Target Audience

    Economic staff in central banks and ministries of finance with communication roles, both internal (communication with principals) and external (communication with the broader public). Preference will be given to applicants who participate in IMF technical assistance on developing macroeconomic frameworks.

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    Qualifications

    Participants are expected to have a degree in economics or equivalent experience. They should be comfortable to speak, write, and present in English. It is recommended that applicants have completed a few general macroeconomic courses, such as Monetary Policy (MP), Fiscal Policy Analysis (FPA), Macroeconomic Diagnostic (MDS), face-to-face or online.

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    Course Description

    This blended course, presented by the Institute for Capacity Development, provides hands-on training on all aspects of transparent and effective communication to improve the delivery of economic policy and to provide the basis for accountability of authorities' actions. Participants are provided with key concepts and tools necessary to deliver well-designed policy communication. The course is offered in a blended format, consisting of two compulsory segments. Selected participants must first complete self-paced online learning modules, before the in-person, hands-on portion of the course.

    The MPC course is 7 days in blended mode and 5 days in face-to-face mode.

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    Course Objectives

    Upon completion of this course, participants should be able to:

    • Identify the basic principles and best practices on transparency and for communicating their institutions¿ macroeconomic policies and activities.
    • Design effective communication strategies and deliver well-designed outputs to various audiences, with a focus on monetary and macro-prudential policies (in the case of Central Banks), and fiscal policy (in the case of Ministries of Finance).
    • Identify drawbacks in their institutions¿ existing communication practices.
    • Formulate action plans to take back to their institutions for implementation.
    • Describe strategies for responding effectively to media requests and public inquiries, mitigate public relations risks, and manage expectations about key policy actions, all of which can help shape public perceptions of institutions and their policies.
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