Technical Assistance Reports

Mongolia: Technical Assistance Report-Macroeconomic Framework Technical Assistance: Scoping Mission

December 13, 2024

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International Monetary Fund. Institute for Capacity Development "Mongolia: Technical Assistance Report-Macroeconomic Framework Technical Assistance: Scoping Mission", Technical Assistance Reports 2024, 106 (2024), accessed December 14, 2024, https://doi.org/10.5089/9798400295812.019

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Summary

Further to Mongolia’s Ministry of Finance (MOF) request, an assessment mission was carried out from May 24 to June 2, 2023. The mission reviewed the needs, capacity and constraints for the development of institutional macroeconomic forecasting capacity at the Financial and Fiscal Research Department (FFRD). Notably, despite FFRD’s ambitious goals in fiscal policymaking, a comprehensive macroeconomic framework for analysis, forecasting, and assessing fiscal policy's macroeconomic impact is not yet in place. The action plan and logical framework is centered around capacity development and customization of the Comprehensive Adaptive Expectations Model (CAEM) to the Mongolia economy. This note summarizes the main findings and action plan agreed on for the project.

Keywords: Comprehensive Adaptive Expectations Model (CAEM), Forecasting and Policy Analysis, Macroeconomic Framework, Mongolia.

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