## Iraq: Technical Assistance Report—Macro Frameworks Technical Assistance to the Central Bank of Iraq

_Technical Assistance Reports, July 10, 2026_

## Source details

**Canonical URL:** [Iraq: Technical Assistance Report—Macro Frameworks Technical Assistance to the Central Bank of Iraq](https://www.imf.org/en/publications/technical-assistance-reports/issues/2026/07/10/iraq-technical-assistance-report-macro-frameworks-technical-assistance-to-the-central-bank-577652)

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## Bibliographic details
- Published: July 10, 2026
- Series: Technical Assistance Reports
- DOI: https://doi.org/10.5089/9798229051934.019

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### Overview
- Report outlines the development and implementation of a macroeconomic projection tool at the Central Bank of Iraq (CBI).
- Emphasizes collaboration between the CBI and the IMF's Institute for Capacity Development (ICD) and growth of the CBI team.
- Sets the context: in a complex economic landscape, effective policymaking relies on robust forecasting and analysis.

### Project design and implementation
- Project followed established ICD practices:
  - Scoping missions.
  - Training.
  - Ongoing collaboration.
- Objective: enhance forecasting and policy-analysis capabilities at the CBI, with attention to Iraq’s oil dependency.

### Macroeconomic Foundations Tool (MFT)
- Key outcome: the Macroeconomic Foundations Tool (MFT).
- Characteristics of MFT:
  - Excel-based forecasting tool.
  - Tailored to address Iraq’s oil dependency.
  - Customizes fiscal and monetary policy analysis.
  - Includes nowcasting capabilities.

### Key findings and outcomes
- Strengthened capacity at the CBI for macroeconomic projection and policy analysis.
- Development and implementation process fostered collaboration and built core team capabilities at the CBI.
- Tool design focused on issues specific to Iraq’s economy, notably oil sector and oil prices.

### Subjects and keywords (as listed)
- Subjects: Commodities, Economic sectors, National accounts, Oil, Oil prices, Oil sector, Prices
- Keywords: Cbi team, Central Asia, core team, Financial Programming and Policies, forecasting accuracy, Forecasting and Policy Analysis, Global, Macroeconomic Foundations Tool., Macroeconomic Framework, Middle East, Oil, Oil prices, Oil sector, Policy analysis capability, team turnover

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- **Tarea2026055**
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_Source: https://www.imf.org/en/publications/technical-assistance-reports/issues/2026/07/10/iraq-technical-assistance-report-macro-frameworks-technical-assistance-to-the-central-bank-577652_