Inclusive Growth: Macroeconomic And Sectoral Policies (IGSP)

Course details

Target Audience:

Mid- to senior-level officials primarily in ministries of finance, economy, and planning, and in central banks, who provide advice on macroeconomic and financial policy formulation or who are involved in policy implementation.

 Qualification:

Participants should be involved in the design and implementation of economic growth, investment, employment, education and social policies.

 Language:

The course is conducted in English with simultaneous interpretation into Arabic.

 Course Description: 

This course is offered in joint collaboration between the IMF-CEF and the World Bank- Macroeconomic Fiscal Management, Global Practice. It aims at:

1. providing the necessary concepts and tools for an in-depth analysis of Arab countries’ recent growth performance;
2. examining the fiscal policy role in making growth inclusive through its effect on employment and income distribution; and
3.  investigating how the design and implementation of industrial and trade as well as other policies promoting economic diversification, good governance, market competition, financial inclusion, and employment policies can lead to a more inclusive economic growth.

In discussing inclusive growth policies, the objective of reducing poverty and ensuring that all segments of society benefit from the country’s economic growth is paramount. In this vein, the course aims at highlighting aspects of outcome and processunderpinning growth. Focusing first on the outcome component, the course demonstrates that growth is inclusive when: (i) it is broad-based across sectors, regions, segments of society, gender and generations, whilst encompassing the concept of pro-poor growth; and (ii) support nondiscriminatory access to opportunities such as education, health, jobs, finance, and markets.  As for the process dimension of inclusive growth, a shift in policymaking emphasis is made moving from (income) poverty reducing policies to a broader array of policies that ensure equal nondiscriminatory access to growth opportunities and reduce exclusion of disadvantaged groups.