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Macroeconomic Diagnostics

Macroeconomic Diagnostics (MDS) for Fragile and Conflict-Affected States (FCS) (MDS)

Invitation

Session No.: CE 26.05

Location: Kuwait City, Kuwait

Date: January 18-22, 2026 (1 week)

Delivery Method: Blended Training

Primary Language: English

Interpretation Language: Arabic

Target Audience

Mid- to senior-level officials in central banks, ministries of finance, and ministries of economy who are directly involved in diagnosing the state of the macroeconomy and preparing or assessing macroeconomic projections.

Qualifications

Participants are expected to have an advanced degree in economics or equivalent professional experience, strong quantitative skills, and proficiency in Microsoft Excel.

Course Description

This blended course is 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 policies, financial stability, exchange rate misalignments, sectoral vulnerabilities, and the medium-term outlook, particularly the sustainability of public and external debt.
The course consists of two components:

  • Asynchronous (Online) Phase: Conducted over two weeks prior to the in-person sessions, this phase combines self-paced learning through the IMF's Macroeconomic Diagnostics (MDSx) modules on the edX platform with live virtual sessions facilitated by IMF counselors every other day. These interactive sessions help reinforce key concepts, review participants' progress, and clarify questions ahead of the in-person training.
  • In-Person Phase: This phase builds on online learning and emphasizes the practical application of analytical tools to real-world economic challenges faced by fragile and conflict-affected states. Case studies relevant to the region are used to illustrate diagnostic techniques and policy trade-offs, fostering peer exchange and hands-on learning.
     

Course Objectives

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

  • Analyze potential output, calculate output gaps, and assess the economic outlook.
  • Evaluate the stance of fiscal, monetary, exchange rate, and financial policies.
  • Examine macro-financial linkages, including through the analysis of financial soundness indicators.
  • Assess the medium-term prospects for the economy, particularly the sustainability of public and external debt.
  • Identify external and domestic risks and vulnerabilities to growth and propose appropriate policy responses.
     

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