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 March 30, 2025, 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.

Subject: Budget planning and preparation, Economic forecasting, Fiscal policy, Macroeconomic and fiscal forecasts, Macro-fiscal framework, Public financial management (PFM)

Keywords: Budget planning and preparation, Comprehensive Adaptive Expectations Model (CAEM), Data management practice, FFRD officer, FFRD staff monitor, Forecasting and Policy Analysis, Global, IMF mission team, Macroeconomic and fiscal forecasts, Macroeconomic Framework, Macroeconomic projection tool, Macro-fiscal framework, Mongolia., Mongolia's Ministry of Finance

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