## Monetary Policy (MP)

## Source details

**Canonical URL:** [Monetary Policy (MP)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/mpce26-14)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/ce/2026/mpce26-14/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/ce/2026/mpce26-14/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/ce/2026/mpce26-14/bundle-manifest.json)

## Bibliographic details
- Session: CE 26.14
- Location: Kuwait City, Kuwait
- Dates: April 13-24, 2026 (2 weeks)
- Delivery method: In-person Training
- Primary language: English
- Status: Deadline passed

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### Target audience
- Junior to mid-level officials from emerging markets and low-income countries interested in understanding and analyzing the conduct of monetary policy and its interaction with the rest of the economy.

### Logistics and enrollment status
- Session No.: CE 26.14  
- Location: Kuwait City, Kuwait  
- Date: April 13-24, 2026 (2 weeks) New dates  
- Deadline: Deadline passed  
- Delivery Method: In-person Training  
- Primary Language: English

### Qualifications
- Participants are expected to have an advanced degree in economics or equivalent experience and be comfortable using Microsoft Excel and Excel-based applications.
- It is strongly recommended that applicants have completed a few general macroeconomic courses, such as Financial Programming and Policies (FPP) and Macroeconomic Diagnostic (MDS), face-to-face or online.

### Course description — scope and thematic coverage
- The course is presented by the Institute for Capacity Development and provides a comprehensive overview of monetary policy regimes, monetary transmission mechanisms, and the role of monetary policy in macroeconomic stabilization.
- The course bridges theory, empirical evidence, and operational experience by illustrating optimization problems and tradeoffs involved in monetary policy decisions.
- Learning approach:
  - Lectures introducing basic policy concepts.
  - Hands-on workshops with a special focus on practical policy challenges in emerging market and developing economies.
  - Case studies to reinforce understanding and to compare and assess policy responses to various shocks under different monetary policy regimes.
- Topical emphases:
  - Evolving monetary frameworks and central bank mandates with attention to environmental, social and governance principles.
  - Recent crises that have changed the landscape in which central banks operate (beyond simple interest rate policies), including Unconventional Monetary Policy and central bank communication.
  - Recent evolution of central bank digital currencies and implications for monetary policy transmission and operations.

### Course objectives and expected participant outcomes
- Analyze how monetary policy decisions are made under various regimes to deliver price stability and meeting other objectives.
- Identify how these decisions are transmitted to the real economy.
- Evaluate how the economy and monetary policy respond to macroeconomic shocks under various monetary policy frameworks, demonstrated through a group presentation to peers.
- For central bank practitioners:  
  - Design a sound monetary policy framework.  
  - Prescribe policies consistent with the framework chosen.

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## References

- [In-person Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Core Elements of Banking Supervision (CBS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2027/cbsat27-10)
- [Advanced Government Finance Statistics (GFS-A)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/gfs-ace26-45)
- [Fiscal Sustainability (FS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/fsce26-38)
- [Safeguards Assessments of Central Banks (SAC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/sacat26-30)
- [Macroeconomic Management in Resource Rich Countries (MRC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/mrcce26-44)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/mpce26-14_