{
  "title": "Suriname: Technical Assistance Report-Medium-Term Macro-Fiscal Forecasting",
  "publication": "IMF Staff Country Reports, April 20, 2023",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2023/04/20/suriname-technical-assistance-report-medium-term-macro-fiscal-forecasting-532703",
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  "summary": "This technical assistance report on Suriname highlights medium-term macro-fiscal forecasting (MTFF). The Economic Affairs Department (EAD) recognizes the desirability of creating a new medium-term macro-fiscal forecasting framework.",
  "sections": [
    {
      "heading": "Executive summary",
      "content": "- Focus: medium-term macro-fiscal forecasting (MTFF) for Suriname.\n- The Economic Affairs Department (EAD) recognizes the desirability of creating a new MTFF.\n- Existing technical capacity relating to forecasting among most EAD staff is at a basic level.\n- Training, through hands-on exercises using Surinamese data, will play an important role in supporting the development and ultimate adoption of the MTFF."
    },
    {
      "heading": "Capacity and training",
      "content": "- Current EAD forecasting capacity: described as \"at a basic level.\"\n- Proposed support: hands-on training using Surinamese data to develop and promote adoption of the MTFF.\n- Expectation regarding staff time: EAD staff have a strong interest in the development and usage of an MTFF, which should help ensure a core group devotes sufficient time to receive technical assistance."
    },
    {
      "heading": "Risks to project success",
      "content": "- Data quality and availability: limited data would constrain forecast accuracy.\n- Weak statistical relationships: weak relationships between predictors (economic activity) and fiscal variables would limit MTFF accuracy.\n- Competing demands on staff time: could impede development unless core staff allocate sufficient time."
    },
    {
      "heading": "Implications and value of MTFF",
      "content": "- Even with limited data and imperfect predictive relationships, an MTFF would allow for more rigorous and transparent projections than current practice.\n- The combination of training and hands-on exercises is central to building the necessary capacity for MTFF adoption.\n\n---\n\n Content in this bundle\n\n- Executive Summary\n  - Executive Summary (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Executive Summary (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: April 20, 2023",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400241932.002",
    "Focus: medium-term macro-fiscal forecasting (MTFF) for Suriname.",
    "The Economic Affairs Department (EAD) recognizes the desirability of creating a new MTFF.",
    "Existing technical capacity relating to forecasting among most EAD staff is at a basic level.",
    "Training, through hands-on exercises using Surinamese data, will play an important role in supporting the development and ultimate adoption of the MTFF.",
    "Current EAD forecasting capacity: described as \"at a basic level.\"",
    "Proposed support: hands-on training using Surinamese data to develop and promote adoption of the MTFF.",
    "Expectation regarding staff time: EAD staff have a strong interest in the development and usage of an MTFF, which should help ensure a core group devotes sufficient time to receive technical assistance.",
    "Data quality and availability: limited data would constrain forecast accuracy.",
    "Weak statistical relationships: weak relationships between predictors (economic activity) and fiscal variables would limit MTFF accuracy.",
    "Competing demands on staff time: could impede development unless core staff allocate sufficient time.",
    "Even with limited data and imperfect predictive relationships, an MTFF would allow for more rigorous and transparent projections than current practice.",
    "The combination of training and hands-on exercises is central to building the necessary capacity for MTFF adoption.",
    "**Executive Summary**"
  ],
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