Training Program

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Climate in Macroeconomic Framework (CMF)

Apply online by July 19, 2026 Deadline extended

Session No.: JV 26.33

Location: Vienna, Austria

Date: October 26-30, 2026 (1 week)

Delivery Method: Blended Training

Primary Language: English

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Target Audience

Government officials from ministries of finance, central banks, and other government agencies involved in monitoring and assessing the macroeconomic implications of climate change and related policies. 

Qualifications

Participants are expected to have an advanced degree in economics or possess equivalent experience and be proficient in using Microsoft Excel. Participants are expected to be comfortable using quantitative software such as EViews or Matlab, although specific knowledge of these is not required. It is strongly recommended that applicants have completed the online Financial Programming and Policies, Part 1: Macroeconomic Accounts and Analysis (FPP.1x) along with the Public Debt Dynamic Tool (DDTx).

Pre-requisites

This course will be delivered as a blended format consisting of two parts. The first part will be conducted virtually over two weeks, from September 21 to October 2, 2026, with the aim of equipping participants with essential skills related to Financial Programming and Policies (FPP) and the Debt Dynamics Tool (DDT) to enhance their understanding of the Climate in Macroframework course. While participants will self-study the prescribed material-which will require about 2-3 hours of daily work at their own pace-we will hold live virtual meetings (one hour long) every other day to address their questions. The second part of the course will be in person, in Vienna, Austria, from October 26 to 30, 2026.

Course Description

With the impact of climate change on the economic activity becoming ever more pronounced and with climate policies expected to reshape many economies, government officials are facing the challenge of incorporating these effects into their macroeconomic frameworks. This course equips participants with macroeconomic Excel-based frameworks, tools, and models for integrating climate considerations in policy formulation. It also prepares them to consider climate-related economic risks and vulnerabilities.

Course Objectives

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

  • Work with climate data to help analyze the macroeconomic impact of climate change issues.
  • Account for climate shocks in macroeconomic frameworks.
  • Identify climate-related risks and vulnerabilities.
  • Evaluate public debt dynamics following natural disasters and the benefits of investing in resilient infrastructure.
     

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