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 21, 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...

Burkina Faso: Report on Government Finance Statistics Mission (March 18–29, 2024)

November 18, 2024

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

November 15, 2024

Growth Convergence and Public Finances of India and its States

November 15, 2024

Pakistan: Technical Assistance Report-Improving Budget Practices

November 14, 2024