Macroeconomic Foundation course for Central Bank of Sri Lanka

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Canonical URL: Macroeconomic Foundation course for Central Bank of Sri Lanka

Target Audience:
- Mid-level officials in Central Bank of Sri Lanka and Ministry of Finance who are directly involved in diagnosing the state of the macroeconomy and making projections.
Qualifications:
- A background in economics would be useful but not essential.

Designed for new inductees into the Central Bank of Sri Lanka and Ministry of Finance's general stream.
Aims 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 misalignments;
- 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.
Relies on case studies relevant to the region where the course is given to illustrate application of tools and contribution to the policymaking process.
Hands-on, Excel-based tools are a core element of the practical training.

Upon completion, participants should be able to:

Analyze economic and financial developments of a country in the region using historical data and hands-on, Excel-based tools.
Analyze potential output and calculate output gaps and diagnose the outlook for the economy.
Assess the stance of current fiscal, monetary and 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, and identify impediments to long-term growth.
Identify possible risks and vulnerabilities to economic growth and identify policies to address them.