Macro frameworks technical assistance to the Central bank of Iraq: TA project report

The document outlines the development and implementation of a macroeconomic projection tool at the Central Bank of Iraq (CBI), emphasizing collaboration and the growth of the CBI team. In a complex economic landscape, effective policymaking relies on robust forecasting and analysis. With support from the International Monetary Fund's Capacity Development (ICD) team, CBI initiated a project to enhance these capabilities. The project followed established ICD practices, involving scoping missions, training, and ongoing collaboration. A key outcome was the Macroeconomic Foundations Tool (MFT), an Excel-based forecasting tool tailored to address Iraq's oil dependency and customize fiscal and monetary policies with nowcasting capabilities.