Data and Analysis for Designing Policies

Responding to the increased demand, we extend our program by another cross-cutting theme – Data and Analysis for Designing Policies (DAP), which was previously addressed mainly in the Central Banking thematic area. The program focuses on activities of econometrics and macroeconomic analyses. We will support our constituency in providing high-quality information for policy and decision-making, ensuring effective on-the-job application of economic concepts, tools and models, and carrying out strong analysis to support policy development and decision-making.

To comprehend the economy with all the complex interactions between economic agents, each country should prepare proper (macro) economic analysis. However, SEE finance officials engaged in forecasting and research require more knowledge of the newest econometric models and techniques. Mistakes and errors lead to production of imprecise policies, papers and forecasts. Ultimately, this harms both current and future economic growth. Thus, finance officials need to learn appropriate tools and models to obtain reliable analysis results that can lead to introduction of smart policies and reforms.

The DAP program supports finance officials in:

  • High-quality information for policy- and decision-making
    Participants will learn how to enhance quality of data collection and analysis; compilation and dissemination of statistics; planning and forecasting. In cooperation with the IMF Statistics Department, we cover statistical topics, such as: international trade in goods and services, monetary and financial statistics.
  • Effective on-the-job application of economic concepts, tools and models
    We will refresh and extend knowledge on basic economic concepts, tools and models and learn how to apply effectively this knowledge in practice.
  • Strong analysis to support policy development and decision-making
    We will provide learning initiatives on performing high-quality economic policy and financial analyses; identifying macroeconomic and fiscal risks; measuring and analyzing the implications of certain policies; and conducting cost-benefit analysis. Also, we will focus on cooperation between different bodies involved.