High-Level Summary Technical Assistance Reports

This report outlines the progress and findings of a technical assistance project initiated by the Department of Finance (DOF) of the Philippines to the International Monetary Fund (IMF), aimed at further strengthening the DOF’s macroeconomic forecasting and policy analysis capabilities. The project commenced in 2023, focusing on developing a macroeconomic forecasting tool based on the Comprehensive Adaptive Expectations Model (CAEM) by the Institute for Capacity Development of the IMF. DOF staff have made good progress in implementing CAEM for macroeconomic forecasting and policy analysis since the beginning of the project.