Mongolia: Technical Assistance Report-Macroeconomic Framework Technical Assistance: Scoping Mission
Technical Assistance Reports, December 13, 2024
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- Mongolia: Technical Assistance Report-Macroeconomic Framework Technical Assistance: Scoping Mission
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Bibliographic details
- Published: December 13, 2024
- Series: Technical Assistance Reports
- DOI: https://doi.org/10.5089/9798400295812.019
Mission overview
- Assessment mission carried out from May 24 to June 2, 2023.
- Mission requested by Mongolia’s Ministry of Finance (MOF).
- Purpose: review needs, capacity, and constraints for developing institutional macroeconomic forecasting capacity at the Financial and Fiscal Research Department (FFRD).
- Summary scope: development of a comprehensive macroeconomic framework for analysis, forecasting, and assessing fiscal policy's macroeconomic impact.
Main findings
- FFRD has ambitious goals in fiscal policymaking but lacks a comprehensive macroeconomic framework for analysis, forecasting, and assessing fiscal policy's macroeconomic impact.
- Capacity development and customization priorities center on the Comprehensive Adaptive Expectations Model (CAEM) for the Mongolia economy.
- Identified focus areas include Forecasting and Policy Analysis, Macro-fiscal framework, Macroeconomic and fiscal forecasts, and data management practice.
Action plan and logical framework
- Action plan and logical framework are centered around capacity development and customization of the Comprehensive Adaptive Expectations Model (CAEM) to the Mongolia economy.
- Agreed project elements summarized in the note (details of specific tasks, timeline, and responsibilities are contained in the report).
Institutional capacity and needs
- Department in focus: Financial and Fiscal Research Department (FFRD).
- Capacity needs: institutional macroeconomic forecasting capacity, customization of macroeconomic projection tool (CAEM), staff monitoring and data management practice.
- Target outcomes: strengthen macroeconomic framework to support fiscal policy analysis and forecasting.
Publication and metadata
- Publication date on landing page: December 13, 2024.
- Pages: 26
- Volume: 2024
- Issue: 106
- Series: Technical Assistance Report No. 2024/106
- DOI: https://doi.org/10.5089/9798400295812.019
- Stock No: TAREA2024106
- ISBN: 9798400295812
- ISSN: 3005-4575
- Subjects: Budget planning and preparation; Economic forecasting; Fiscal policy; Macro-fiscal framework; Macroeconomic and fiscal forecasts; Public financial management (PFM)
- Keywords: Budget planning and preparation; Comprehensive Adaptive Expectations Model (CAEM); data management practice; FFRD officer; FFRD staff monitor; Forecasting and Policy Analysis; Global; IMF mission team; Macro-fiscal framework; Macroeconomic and fiscal forecasts; Macroeconomic Framework; macroeconomic projection tool; Mongolia.; Mongolia's Ministry of Finance
International Monetary Fund. Institute for Capacity Development "Mongolia: Technical Assistance Report-Macroeconomic Framework Technical Assistance: Scoping Mission", Technical Assistance Reports 2024, 106 (2024), accessed 9/19/2026, https://doi.org/10.5089/9798400295812.019.
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