Training Program

Central banks officials working on monetary policy and operations.

Participants are expected to have a degree in economics or finance; work experience at central bank; and working knowledge of Excel.

This course, offered by the IMF South Asia Regional Training and Technical Assistance Center (SARTTAC) in collaboration with the Second African Regional Technical Assistance Centre in West Africa (AFRITAC West 2) and The Middle East Regional Technical Assistance Center (METAC), will explore the challenges faced by central banks in emerging markets and developing economies regarding monetary policy implementation. The course will cover topics such as the modernization of the monetary policy framework, establishing and understanding various forms of the interest rate corridor, the fundamentals of liquidity monitoring and forecasting, the development of money markets and interest rate benchmarks, reserve requirements, the central bank collateral framework, and the communication and transparency of monetary operations.The program will consist of a blend of lectures, discussions, and ample time will be allocated for individual central bank case studies. In consideration of the diverse and varied monetary policy implementation frameworks among participating central banks, peer-to-peer learning is anticipated to be a significant benefit of this workshop. The workshop will conclude with a panel discussion to summarize key takeaways and identify opportunities for improving implementation, building upon the technical support already provided by SARTTAC, AFRITAC West 2 and METAC to their member and beneficiary central banks.