Monetary Policy Implementation

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Monetary Policy Implementation

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Bibliographic details

• Session: SA 26.22
• Location: Thimphu, Bhutan
• Dates: April 13-16, 2026 (1 week)
• Delivery method: In-person Training
• Primary language: English
• Status: Deadline passed

Training Program Overview

• Event: Monetary Policy Implementation offered by the IMF South Asia Regional Training and Technical Assistance Center (SARTTAC).
• Session No.: SA 26.22
• Location: Thimphu, Bhutan
• Date: April 13-16, 2026 (1 week)
• Delivery Method: In-person Training
• Primary Language: English
• Status: Deadline passed

Course Description

• Purpose: Explore challenges faced by central banks in emerging markets and developing economies regarding monetary policy implementation.
• Core topics covered:
  • Modernization of the monetary policy framework.
  • Establishing and understanding various forms of the interest rate corridor.
  • Fundamentals of liquidity monitoring and forecasting.
  • Development of money markets and interest rate benchmarks.
  • Reserve requirements.
  • Central bank collateral framework.
  • Communication and transparency of monetary operations.
• Format:
  • Blend of lectures and discussions.
  • Ample time allocated for individual central bank case studies.
  • Peer-to-peer learning emphasized due to diverse monetary policy implementation frameworks among participating central banks.
  • Workshop concludes with a panel discussion to summarize key takeaways and identify opportunities for improving implementation.
• Link to SARTTAC technical support: The panel will build upon technical support already provided by SARTTAC to its member and beneficiary central banks.

Course Objectives

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

• Understand the Monetary Policy Implementation among central banks of SARTTAC member countries.
• Foster collaboration and exchange of experiences between central banks in the region.
• Find effective solutions to the issues and challenges they are currently facing in monetary policy implementation.
• Access specific additional training and TA needs of individual central banks.
• Solicit interest in conducting CB Transparency reviews as a toll to enhance accountability and safeguard transparency.

Target Audience and Qualifications

• Target Audience: Central banks officials working on monetary policy and operations.
• Qualifications:
  • Expected to have a degree in economics or finance.
  • Work experience at central bank.
  • Working knowledge of Excel.

Related IMF Training Schedule (selected listings from the same program schedule)

• Integrating Basel III Liquidity Standards with ILAAP A Framework for Effective Liquidity Risk Management — English (Arabic) | October 4-8, 2026 | In-person Training | Kuwait City, Kuwait
• Climate in Macroeconomic Framework (CMF) — English (French, Portuguese) | November 16-20, 2026 | Blended Training | Ebene, Mauritius
• Big Data for Macroeconomic Statistics (BDMS) — English (French, Portuguese) | October 26-30, 2026 | In-person Training | Ebene, Mauritius
• Financial Development and Financial Inclusion (FDFI) — English (French, Portuguese) | November 16, 2026 - December 11, 2026 | Blended Training | Ebene, Mauritius

References

• In-person Training
• Integrating Basel III Liquidity Standards with ILAAP A Framework for Effective Liquidity Risk Management
• Climate in Macroeconomic Framework (CMF)
• Big Data for Macroeconomic Statistics (BDMS)
• Financial Development and Financial Inclusion (FDFI)