IMF starts training program for representatives of Azerbaijan’s state agencies

The International Monetary Fund (IMF) has started a training program called "Macroeconomic Analysis/Financial Programming and Policies" at the Center for Analysis of Economic Reforms and Communication (CAERC) in Baku on Monday, Report informs.

Nearly 25 representatives from more than ten government agencies are participating in the training, which will continue until October 11.

The training aims to enhance participants' core skills in macroeconomic analysis and financial programming, as well as their experience in macroeconomic modeling. The training program covers topics such as real sector analysis, supply and demand analysis in the economy, inflation, price deflators, balance of payments, fiscal and monetary sector analysis, intersectoral relationships, and forecasting methods.

The training is conducted by Norbert Funke, Director of the IMF's Caucasus, Central Asia, and Mongolia Regional Capacity Development Center (CCAMTAC), and economists Nurdaulet Abilov and Aliya Uskenbayeva.

CAERC Executive Director Vusal Gasimli stated that the training is an important step for the public sector and that macroeconomic analysis plays a crucial role in shaping economic policy. He noted that the training will open new perspectives for participants and that this knowledge will be beneficial for the country's economy. He stressed that cooperation with the IMF will continue and there will be more such initiatives in the future, advising participants to make the most of this opportunity.

IMF Regional Director Norbert Funke emphasized the importance of this training in developing consistent macroeconomic forecasts, diagnosing economic issues, exploring policy options, and conducting scenario analysis for economic policy formulation.