Vietnam: Technical Assistance Report-Macroeconomic Framework Technical Assistance–Ministry of Planning and Investment: Scoping Mission

Author: International Monetary Fund. Institute for Capacity Development

Volume/Issue: Volume 2023 Issue 339

Publication date: September 2023

ISBN: 9798400256905

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Development - Economic Development , International - Economics , Vietnam , Technical Assistance , Technical Assistance Reports , Macro-fiscal analysis , Macro-fiscal framework , Macroeconomic and fiscal forecasts , , IMF TA team , MPI staff , IMF mission team , Asia Pacific department of the IMF , TA beneficiary department , TA project , Development strategy , Budget planning and preparation , Global

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Summary

This technical assistance (TA) report presents the outcomes of the scoping mission of a new TA project aimed at building capacity in macroeconomic analysis and forecasting in the Ministry of Planning and Investment (MPI). The MPI is establishing a Core Working Group (CWG) under MPI’s coordination that will carry out macroeconomic analysis using Macroeconomic Projection Tool (MPT) and integrate the results in the policy making process. Based on the mission’s finding and assessment, the mission team and the authorities agreed on a three-year TA action plan that includes training components during the early stage of the project. During Phase 1 (2023-24), the activities would focus on developing and operating the Macro-Framework Foundation Tool (MFT) and the Public Debt Dynamics Tool (DDT) to produce macroeconomic analysis and forecasting. Depending on progress, the MPT could be enhanced during Phase 2 (2025-26) and the tentative plan is to develop Comprehensive Adaptive Expectation Model (CAEM). The CWG will take the lead in implementing the activities and targets identified in the TA action plan and will be supported by the IMF TA team.