News Column

Macroeconomic Forecasting Course kicks off

May 11, 2014

ABU DHABI, 11th May, 2014 (WAM) -- The Macroeconomic Forecasting Course began today in Abu Dhabi. The course is organised by the Economic Policy Institute of the Arab Monetary Fund in collaboration with the Middle East Centre for Economics and Finance, CEF, of the International Monetary Fund, IMF.

Thirty participants from 18 Arab countries will be participating in the course, which is being held from 11th to 22nd May.

In his opening speech, Dr. Abdulrahman bin Abdullah Al Hamidy, Director-General and Chairman of the Board of Executive Directors of AMF, highlighted the importance of macroeconomic management and its impact on economic growth, as good management will have a positive impact on growth.

He recommended in his speech, which was delivered on his behalf by Saud Al Braikan, Director of Economic Policy Institute, AMF, to study the impact of some indicators on growth such as budget balance, growth in the money supply and fluctuations in interest rate and exchange rate as well as foreign debt and others.

The two-week course presented by the IMF's Institute for Capacity Development aims to strengthen participants' macroeconomic forecasting and modelling skills through the application of modern econometric techniques.

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Source: Emirates News Agency (WAM) (United Arab Emirates)

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