High-Level Summary Technical Assistance Reports

COLOMBIA: Autonomous Committee for the Fiscal Rule Macroeconomic Framework Technical Assistance: Scoping Mission Report

By José Federico Geli, Juan S Corrales

July 29, 2024

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Format: Chicago

José Federico Geli, and Juan S Corrales. "COLOMBIA: Autonomous Committee for the Fiscal Rule Macroeconomic Framework Technical Assistance: Scoping Mission Report", High-Level Summary Technical Assistance Reports 2024, 027 (2024), accessed December 22, 2024, https://doi.org/10.5089/9798400282065.029

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Summary

This note summarizes the main findings and action plan of the IMF Technical Assistance (TA) Scoping Mission to support the Colombian Autonomous Committee for the Fiscal Rule (CARF) in building capacity on macroeconomic forecasting and analysis. The TA was requested by the CARF to develop a macroeconomic projections tool, integrate its current satellite fiscal forecasting models, institutionalize the use of the tool, and develop a methodology to independently assess macro-fiscal forecasts produced by the Ministry of Finance.

Subject: Fiscal policy, Fiscal rules, Macroeconomic and fiscal forecasts, Macro-fiscal framework, Potential output, Production, Public financial management (PFM)

Keywords: Action plan of the IMF, CARF staff, Comprehensive Adaptive Expectations Model (CAEM), Financial Programming and Policies, Fiscal rules, Forecasting and Policy Analysis, Macroeconomic and fiscal forecasts, Macroeconomic Framework, Macro-fiscal framework, MoF projection, Policy analysis, Potential output, Satellite model

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