Technical Assistance Reports

Colombia: Technical Assistance Report-Scoping Mission to Develop Macroeconomic Forecasting Capacity at the Autonomous Committee for the Fiscal Rule (CARF)

November 1, 2024

Download PDF More Formats on IMF eLibrary Order a Print Copy
More formats on IMF eLibrary Order a Print Copy

Preview Citation

Format: Chicago

International Monetary Fund. Institute for Capacity Development "Colombia: Technical Assistance Report-Scoping Mission to Develop Macroeconomic Forecasting Capacity at the Autonomous Committee for the Fiscal Rule (CARF)", Technical Assistance Reports 2024, 087 (2024), accessed November 1, 2024, https://doi.org/10.5089/9798400290695.019

Export Citation

  • ProCite
  • RefWorks
  • Reference Manager
  • BibTex
  • Zotero
  • EndNote

Summary

In response to a request from the Ministry of Finance and the Central Bank, staff from the IMF´s Institute for Capacity Development (ICD) conducted diagnostic work and provided insights to enhance the Autonomous Committee for the Fiscal Rule (CARF)'s technical capacity. This report emphasizes a comprehensive action plan agreed with CARF to develop and institutionalize a new macroeconomic framework using ICD´s Comprehensive Adaptive Expectations Model, integrated with CARF's tools. Anticipated to boost CARF's ability in generating accurate macroeconomic projections and assessments, this macroeconomic framework supports Colombia's policy development and implementation. The plan includes a two-year timetable with virtual engagements and in-person missions, aiming to transfer knowledge and build capacity among CARF's economists.

Subject: Macroeconomic and fiscal forecasts, Public financial management (PFM)

Keywords: Capacity Development, Evaluation and Selection, Fiscal and Monetary Policy in Development, Fiscal Council, Fiscal Policy, Forecasting and Other Model Applications, Forecasting and Simulation: Models and Applications, General Macroeconomic Policy, High Level Summary, Independent Fiscal Institution., Macroeconomic and fiscal forecasts, Planning Models, Planning Policy, Technical Assistance

Publication Details

You May Also Be Interested In...

Kenya: Seventh and Eighth Reviews Under the Extended Fund Facility and Extended Credit Facility Arrangements, Requests for Reduction of Access, Augmentation and Rephasing of Access Under the Arrangements, Modifications of Performance Criteria, Waiver of Nonobservance of Performance Criteria, and Review Under the Resilience and Sustainability Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Kenya

November 1, 2024

Republic of Armenia: Technical Assistance Report-Corporate Income Tax Gap Prediction 2023 Based on Corporate Income Tax Returns

November 1, 2024

Islamic Republic of Mauritania: Technical Assistance Report-Technical Assistance Project on Public Debt Projections and Analysis: Scoping Mission

November 1, 2024

Ukraine: Fifth Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Waivers of Applicability of Performance Criteria, Modification of Performance Criterion, Rephasing of Access, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Ukraine

October 18, 2024