External Vulnerabilities And Policies (EXV) - Offered in Arabic Only Salmiya, Hawalli

Course details

Target Audience:

Mid-to senior-level officials from central banks and government agencies involved in the design and implementation of policies that have an impact on the soundness of their country’s external position.

Qualification:

Participants are expected to have an advanced degree in economics or equivalent experience.

Course Description:

This two-week course, presented by IMF-CEF and IMF’s Institute for Capacity Development (ICD) staff, draws upon the latest work of the Fund to provide participants with a comprehensive set of analytical tools for assessing external vulnerabilities and designing appropriate policy responses. These tools allow participants to evaluate a wide range of external debt, foreign exchange reserve management, capital account liberalization and foreign aid management policies. Participants sharpen their skills with hands on exercises, as well as presentations on specific aspects of external vulnerabilities based on their countries’ experience.

The course is divided into three modules:

•  Current account sustainability analysis, linking current account and external debt dynamics;
•  The role of financial assets shocks in triggering large changes in external financial flows; and
•  Capital account liberalization and international aid as a potential source of volatility in the balance of payments