Iraq: Technical Assistance Report-Macro Frameworks Technical Assistance to the Central Bank of Iraq
Iraq: Technical Assistance Report-Macro Frameworks Technical Assistance to the Central Bank of Iraq
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Volume/Issue:
Volume 2026
Issue 055
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Exports and Imports , Inflation , Economics- Macroeconomics , Industries - Energy , Macroeconomic Framework , Financial Programming and Policies , Forecasting and Policy Analysis , Macroeconomic Foundations Tool , Cbi team , core team , forecasting accuracy , Policy analysis capability , team turnover , Oil , Oil prices , Oil sector , Middle East , Central Asia , Global
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Summary
The report outlines the development and implementation of a macroeconomic projection tool at the Central Bank of Iraq (CBI), emphasizing collaboration and the growth of the CBI team. In a complex economic landscape, effective policymaking relies on robust forecasting and analysis. With support from the IMF's Institute for Capacity Development (ICD) team, the CBI initiated a project to enhance these capabilities. The project followed established ICD practices, involving scoping missions, training, and ongoing collaboration. A key outcome of the project was the Macroeconomic Foundations Tool (MFT), an Excel-based forecasting tool tailored to address Iraq's oil dependency and to customize fiscal and monetary policy analysis with nowcasting capabilities.
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