Inclusive Growth and Structural Policies
These courses, presented by the IMF Institute, cover issues which have recently gained prominence, including energy subsidies, inclusive growth, managing natural resources, regional integration, and vulnerability diagnostics.
Intro
This online course, presented jointly by the Institute for Capacity Development and the Fiscal Affairs, Middle East and Central Asia, and Asia and Pacific Departments, builds on extensive cross-country analysis and hands-on experience in design of technical assistance and subsidy reform to make recommendations on how best to reduce energy subsidies.
The course introduces the concept of energy subsidies – their definition and measurement – and reviews their economic, social, and environmental implications. It also presents toolkits to assess the distributional effects of alternative subsidy reform scenarios and to design a fuel pricing mechanism. Finally, the course reviews what works best in energy subsidy reform and illustrates successes and failures in terms of particular countries.
Intro
This course, presented by the Institute for Capacity Development, highlights the macroeconomic implications of gender inequality and provides an overview of policy measures to help empower women. The training discusses trends over time and across countries in gender inequality, including the impact of the COVID-19 pandemic; stresses the importance of closing gender gaps for inclusive and sustainable growth; and analyzes policy options in the fiscal, labor, financial, and legal areas to help address gender inequality. The delivery emphasizes active learning through a mix of lectures, workshops, facilitated break-out sessions, homework assignments, and presentations by participants. The goal is to help participants apply the knowledge and skills they will acquire to analyze the key gender-related challenges in their own country and formulate prioritized reform programs.
Intermediate
The main objective of this course, presented by the Institute for Capacity Development, is to broaden participants’ understanding of economic, monetary, and financial integration and its impact on trade, investment, and economic growth within the region and on the global economy. Drawing on economic theory and on case studies from experiences in several regions, the course discusses “requirements” for economic, monetary, and financial integration; and examines the economic and political consequences of regional integration. Workshops are designed to deepen participants’ knowledge of specific issues that may emerge in economic and monetary integration. Participants use case studies with country data to make assessments of benefits and challenges of regional integration and are expected to deliver their conclusions in short presentations.
Intermediate
This course, which is presented by the Institute for Capacity Development (ICD), is designed to increase participants’ understanding of inclusive growth and give them analytical and operational tools—such as the Inclusive Growth Dashboard—to evaluate, measure, and monitor how macroeconomic policies can affect growth, poverty, inequality, and job creation. It also covers the challenges to inclusion from longer-term structural trends such as demographics and climate change. Lectures introduce the basic concepts of inclusive growth, with a special focus on long-term sustainability, while workshops offer participants an opportunity to apply the concepts and think about the design of inclusive growth strategies, drawing from country case studies.
Intermediate
This course discusses macroeconomic policy issues and challenges faced by RRCs. The course provides participants with an understanding of: the macroeconomics of growth and diversification, fiscal policy management, macroeconomic policy coordination, and public-sector asset management in RRCs. The course incorporates lectures, hands-on workshops, debates, and case studies.
Intermediate
This online course, presented jointly by the Institute for Capacity Development and the Fiscal Affairs and Statistics Departments, discusses macroeconomic policy issues and challenges faced by RRCs. The course provides participants with an understanding of: the macroeconomics of growth and diversification, fiscal policy management, macroeconomic policy coordination, and public-sector asset management in RRCs.
Intermediate
This course provides an overview of the science and economic costs of climate change, discusses policy options for adaptation and mitigation (including pricing carbon emissions and removing of fossil fuel subsidies), and analyzes challenges and opportunities related to transitioning to greener economic models.
Advanced
This course, presented by the Institute for Capacity Development, complements the Macroeconomic Diagnostics (MDS) course by enhancing participants’ ability to assess fiscal, financial, and external vulnerabilities in an integrated fashion, using several diagnostic tools to capture tail risks.
With the impact of climate change on the economic activity becoming ever more pronounced and with climate policies expected to reshape many economies, government officials are facing the challenge of incorporating these effects into their macroeconomic frameworks. This course, presented by the Institute for Capacity Development, provides participants with macroeconomic Excel-based frameworks, tools, and models for integrating climate considerations in policy formulation. It also prepares them to consider climate-related economic risks and vulnerabilities.
This online course, presented by the Institute for Capacity Development, is designed to broaden the participants' understanding of the relationship between macroeconomic policies and reforms, competitiveness, and growth. Developments around the world have brought to the fore concerns about poor growth prospects, high unemployment, and inequities in income and opportunities. Against this backdrop, the course will focus on the micro and macro policies to promote economic growth, employment growth and equitable income distribution. The course will examine the different channels through which economic policy reforms could promote inclusive and job-creating growth. In doing so, the course will address both traditional approaches that emphasize capital accumulation and productivity growth through knowledge acquisition, as well as recent approaches that emphasize misallocation of resources and imperfections in credit and government institutions. The empirical links between growth, employment and income distribution would be interpreted in light of these different models. The course will highlight the role of critical policies that translate economic growth into poverty reduction and broad-based improvements in living standards.
The course draws on theory, cross-country empirical studies, and case studies of experiences in several regions of the world. Key topics the course covers include (i) employment-growth linkages; (ii) impact of policies, institutions, and regulations on employment and growth; and (iii) strategies for fostering inclusive growth. Workshops give participants an opportunity to apply empirical and spreadsheet-based tools to analyze poverty and inequality measures and unemployment trends and the employment impact of labor market policies. In addition, workshops give participants an opportunity to discuss and analyze the impact of macro policies on equality, employment, and growth in their own country. Country case studies used in the workshops/lectures will be adapted to the region where the course is being delivered to increase their relevance to course participants.
This course addresses the nature of climate change and its role as a major threat to the sustainability and inclusiveness of our societies. It examines climate change and how it impacts our lives and introduces policies to help counter its effects. These policy recommendations and solutions include mitigation efforts, adaptation to inevitable changes that will occur (even with mitigation), and how to make these reforms inclusive.
This course introduces participants to the concepts and dimensions of inclusive growth and the broader set of goals that policy makers should be concerned about. It reviews important theories and evidence on which policies can help boost growth and determines whether growth helps to reduce poverty and whether there is a trade-off between raising growth and reducing inequality. The second half of the course will focus on measuring inclusiveness, starting with the most disadvantaged groups in how to measure poverty and then expanding to other income groups to measure inequality. This analysis focuses on monetary indicators of inclusiveness, income, and consumption levels. The course also considers non-monetary dimensions of welfare, such as health and education levels.
This course examines the role of fiscal policy, a combination of expenditure and tax policies, in supporting inclusive growth and highlights best practices for designing expenditure programs and tax policies to foster inclusion. It describes the main goals of an inclusive fiscal policy and the possible tradeoffs between growth and equity. It assesses how various public expenditure programs and tax policy measures could promote or hinder inclusive growth. Finally, the course identifies the challenges and political economy considerations surrounding fiscal reforms and discusses how they can be better implemented to pursue inclusion.
This course examines the concept of governance and discusses why it is so important to improve the quality of governance for trying to achieve inclusive growth. It explores the linkages between governance and inclusive growth. It reviews key policies to improve governance, including structural reform, automation, improving rules and procedures (for fiscal and monetary policies) to limit policy errors The course addresses human resource policies, capacity building, effective anti-corruption frameworks to incentivize public officials to make decisions in the best public interest; and transparency, accountability, and inclusive political institutions to inform and monitor effective governance policymaking. Finally, it highlights examples of governance issues in key policy areas, along with providing solutions.
This course examines inclusive growth from a labor market perspective. It explains how an inclusive labor market is not only important for an individual's economic well-being, but also helps the economy operate more efficiently. It discusses some of the determinants of labor market outcomes, including the important issue of discrimination, and how it could be addressed. It also explores how artificial intelligence and technological advancements affect labor market inclusivity and introduces possible policy options to steer technological progress in a direction that helps inclusivity. Finally, the course addresses gender discrimination and the potential gains of gender inclusion and what policies can be implemented to help reduce the many dimensions of the gender gap.
This online course, presented by the Institute for Capacity Development and Monetary and Capital Markets Department, serves as the fifth in a six-part Macroeconomics of Climate Change (MCCx) series. In this offering, you will learn the key components of financial and monetary policies that can help manage physical and transition climate risks.
This online course, presented by the Institute for Capacity Development, Fiscal Affairs Department, and Research Department, serves as the fourth in a six-part Macroeconomics of Climate Change (MCCx) series. In this offering, you will learn about the definition of adaptation, as well as policies and strategies for promoting and mainstreaming adaptation. You will also learn about DIGNAD, a climate modeling tool countries can use to analyze their resilience to climate shocks.
This online course, presented by the Institute for Capacity Development and Fiscal Affairs Department, serves as the sixth in a six-part Macroeconomics of Climate Change (MCCx) series. In this offering, you will learn about how countries can integrate climate change considerations into their public finance management.
This online course, presented by the Institute for Capacity Development, Fiscal Affairs Department, Research Department, and Strategy, Policy, and Review Department, serves as the second in a six-part Macroeconomics of Climate Change (MCCx) series. In this offering, you will learn about comprehensive strategies for designing mitigation policies, how to analyze the impact of such policies, and considerations for scaling up carbon pricing.
This online course, presented by the Institute for Capacity Development, Fiscal Affairs Department, Research Department, and Strategy, Policy, and Review Department serves as the first in a six-part Macroeconomics of Climate Change (MCCx) series. In this offering, you will learn about the science and economics behind climate change, the framework for global climate action, and how the IMF engages on climate change issues.
This online course, presented by the Institute for Capacity Development and Research Department, serves as the third in a six-part Macroeconomics of Climate Change (MCCx) series. In this offering, you will learn about the general investment needs for a net-zero emission transition, as well as the roadmap for decarbonization across sectors.