Course on Programming and Financial Policies
The Joint Africa Institute* (JAI) on Monday began a course on Programming and Financial Policies for the benefit of 34 officials from 25 central Banks of the AfDB Group Regional Member Countries. The two-week course (3-14 October, 2005) jointly organized by the IMF, provides participants with an understanding of the key analytical concepts and frameworks needed to design and implement macroeconomic and structural policies in the context of financial programs. Emphasis is placed on the complementarities of macroeconomic and structural policies.
The course consists of lectures, workshops, and case studies, and covers three broad areas:
- a brief review of macroeconomic accounts used in economic analysis, including national accounts, balance of payments statistics, government finance statistics, and monetary aggregates, along with forecasting techniques for each sector. Particular attention is given to the interrelations among sectors;
- a review of policies for the real, external, fiscal and monetary sectors, emphasizing the effects of macroeconomic and structural policies on the main variables of interest to policymakers, in particular output, prices, and the balance of payments. This review enables participants to determine how a set of policy measures can be developed in the context of a comprehensive financial program;
- the formulation and presentation of a hypothetical financial program for a selected country case study based on actual data.
The course is designed for mid- to senior-level officials, primarily from ministries of finance, economy, and planning, and central banks or similar institutions, who provide policy advice and are involved in policy formulation and implementation.
* In 1999 the Heads of African Development Bank (AFDB), the International Monetary Fund (IMF) and the World Bank (WB) had a vision: to establish a joint training institute on the African continent with the long term objective of setting up a world class knowledge based institution with an African identity. Its primary goal was to deliver quality training in drawing on the best expertise from the three institutions. With this initiative, they wanted to support the tremendous capacity enhancement needs in Africa.
In December 1999, the Joint Africa Institute (JAI) was inaugurated and housed at the African Development Bank in Abidjan. Since then the JAI has been offering quality training on monetary, fiscal, financial, economic, human and social issues focusing on all aspects of development including infrastructure and private sector growth.
The JAI also serves as a platform for convening high-level policy discussions with member countries on key development-related issues.
Since its inception, more than two thousand three hundred (2,300) African public sector officials, representatives of the private sector, the civil society and other stakeholders have participated in seventy five (75) seminars and training courses. In 2003 the JAI was relocated together with the African Development Bank to Tunis, Tunisia.