## Monetary Policy Implementation

## Source details

**Canonical URL:** [Monetary Policy Implementation](https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2026/mpissa26-22)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/sa/2026/mpissa26-22/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/sa/2026/mpissa26-22/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/sa/2026/mpissa26-22/bundle-manifest.json)

## 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

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### 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

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## References

- [In-person Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Integrating Basel III Liquidity Standards with ILAAP A Framework for Effective Liquidity Risk Management](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/ce26-31)
- [Climate in Macroeconomic Framework (CMF)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/cmfat26-22)
- [Big Data for Macroeconomic Statistics (BDMS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/bdmsat26-27)
- [Financial Development and Financial Inclusion (FDFI)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/fdfiat26-24)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2026/mpissa26-22_