## Macroeconomic Diagnostics (MDS)

## Source details

**Canonical URL:** [Macroeconomic Diagnostics (MDS)](https://www.imf.org/en/capacity-development/training/icdtc/courses/mds)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/courses/mds/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/courses/mds/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/courses/mds/bundle-manifest.json)

## Bibliographic details
- Published: July 31, 2024

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## Upcoming offerings

| Start date | End date | Location | Delivery Method | Session No. | Primary & (Interpretation) language | Apply |
| --- | --- | --- | --- | --- | --- | --- |
| September 7, 2026 | September 11, 2026 | Shenzhen, China | [[[[[In-person Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods) | [CT 26.16](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ct/2026/mdsct26-16) | English | Deadline passed |
| September 7, 2026 | September 18, 2026 | Vienna, Austria | [[[[[In-person Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods) | [OT 26.22](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ot/2026/mdsot26-22) | English | Invitation |
| September 14, 2026 | September 25, 2026 | Washington, D.C., United States | [[[[[In-person Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods) | [HQ 26.09](https://www.imf.org/en/capacity-development/training/icdtc/schedule/hq/2026/mdshq26-09) | Spanish | Deadline passed |
| October 5, 2026 | October 16, 2026 | Yaounde, Cameroon | [[[[[In-person Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods) | [OT 26.28](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ot/2026/mdsot26-28) | French | Invitation |
| March 22, 2027 | April 2, 2027 | Ebene, Mauritius | [[[[[In-person Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods) | [AT 27.05](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2027/mdsat27-05) | English (French, Portuguese) | [Apply online](https://www-ins.imf.org/TAS/signon.aspx?pkey=AT27.05E) by February 12, 2027 |

### Overview
- Course presented by the Institute for Capacity Development.
- Designed to strengthen participants’ ability to comprehensively assess a country’s macroeconomic situation, including:
  - the current state of the economy;
  - the stance of fiscal and monetary policy;
  - financial stability;
  - exchange rate;
  - vulnerabilities in the different sectors;
  - the medium-term outlook, especially the sustainability of public and external debt.
- Emphasizes practical tools for day-to-day macroeconomic analysis and uses region-relevant case studies to illustrate application to policymaking.
- Topic: General Macroeconomics
- Course duration: two-week course.

### Target Audience
- Officials from central banks and ministries of finance or economy who are directly involved in diagnosing the state of the macroeconomy and making projections.

### Qualifications
- Expected credentials and skills:
  - advanced degree in economics or equivalent experience;
  - good quantitative skills;
  - proficiency in the use of Microsoft Excel.
- Strong recommendation:
  - applicants should have completed the online Financial Programming and Policies, Part 1: Macroeconomic Accounts and Analysis (FPP.1 x) or the online Macroeconomic Diagnostics (MDSx) course.

### Course Objectives
Upon completion, participants should be able to:
- Analyze potential output, calculate output gaps, and diagnose the outlook for the economy.
- Assess the stance of current fiscal, monetary, exchange rate, and financial policies.
- Assess macro-financial linkages, including through the analysis of financial sector soundness indicators.
- Assess the medium-term prospects of the economy, especially the sustainability of public and external debt.
- Identify possible external and internal economic risks and vulnerabilities to economic growth, and develop policies to address them.

### Syllabus and Course Structure
- Two-week course structured to strengthen comprehensive macroeconomic assessment capabilities covering:
  - current state of the economy;
  - stance of fiscal and monetary policy;
  - financial stability and exchange rate misalignments;
  - vulnerabilities across sectors;
  - medium-term outlook with emphasis on public and external debt sustainability.
- Emphasis on practical tools and use of case studies relevant to the region where the course is given to illustrate tool application and contribution to the policymaking process.

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## Content in this bundle

- **Normal**
  - [Normal (Markdown version)](/-/media/files/icd/mds.pdf.md){rel="alternate" type="text/markdown"}
  - [Normal (PDF)](/-/media/files/icd/mds.pdf){rel="external" type="application/pdf"}

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## References

- [In-person Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [CT 26.16](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ct/2026/mdsct26-16)
- [OT 26.22](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ot/2026/mdsot26-22)
- [HQ 26.09](https://www.imf.org/en/capacity-development/training/icdtc/schedule/hq/2026/mdshq26-09)
- [OT 26.28](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ot/2026/mdsot26-28)
- [AT 27.05](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2027/mdsat27-05)
- [Apply online](https://www-ins.imf.org/TAS/signon.aspx?pkey=AT27.05E)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/courses/mds_