Newsletter-2015

Dear friends of the CEF,

I have the pleasure to introduce to you the CEF’s first news- letter. It sets out the CEF team’s strategy and vision for the coming years, in addition to some thoughts on Kuwait’s long- standing interest and role in the Arab world’s intellectual ad- vancement. It also aims at giving a feel for the Center’s work and contributions by highlighting recent activities and special events. The final part of the newsletter includes a summary of the CEF activities delivered so far in 2015 and planned in the remainder of the year, which you can also find by visiting our CEF website www.cef.me

In addition to the core courses, the CEF is preparing events on a broad range of timely themes, such as a panel discussion on the economic and social implications of subsidy reforms, in partnership with the Arab Fund for Economic and Social Development, and a Global Islamic Finance Conference, orga- nized jointly with the Central Bank of Kuwait and the IMF’s Middle East and Central Asia Department.

As it happens, several changes in management staff took effect since my joining the Center in December 2014. I would there- fore like to take this opportunity to welcome on board Sami Ben Naceur as the Deputy Director, and Raja’a Al-Behaisi our new Office Manager, and express the CEF team’s appreciation to Therese Perlmutter who did a superb job as the interim Office Manager during a very busy period of transition.

We regard the initial issues of this periodical to be experi- mental in spirit, in the sense that they will serve to guide the form and content of a newsletter that best responds to our audience’s interests. Special thanks go to the CEF team in the preparation of the newsletter, in particular to Fatima Keaik for her meticulous and creative work in its design and editing. The CEF team is keen to take on board your feedback and views, by e-mail to okanaan@imf.org and look forward to meeting you soon at the Center.

Oussama Kanaan, CEF Director

Fostering an Education and Training Center to Help the Arab World’s Public Servants to Better Tackle New Economic Challenges

The Director’s Perspective

Why in Kuwait?

“Why is this Center located in Kuwait?” is a question I have been asked quite a few times by visitors to the International Monetary Fund-Middle East Center for Economics and Finance (CEF) since I joined in Decem- ber 2014. To those who are unfamiliar with Kuwait’s rich cultural history, traditions and achievements, the answer to that question may not be that straightforward. I had the good luck of having spent some of my elemen- tary school years in Kuwait, between 1974 and 1977. Ku- wait in those years was renowned for its world class ed- ucational institutions and cultural centers that were the primary nurturing and training grounds for Arab schol- ars. It was also a cradle for some of the most respected journals and periodicals, many of which set new stan- dards in the Arab world for analytical rigor and artistic creativity. And even in broader and finer fields, such as football, theater and cinema, Kuwait advanced boldly on the world stage, such as with its submission to the 1973 Academy Awards of the first Kuwaiti film Bas Ya Baher—which so deftly depicts ordinary people’s eco- nomic hardship in the pre-oil era. Kuwait’s intellectual prominence, along with its material wealth, also made it the natural host for centers dispensing development support and economic policy advice throughout the re- gion, such as the Arab Fund for Economic and Social Development.

The CEF has been providing education and training in economics and finance to officials from all Arab coun- tries since 2011, with an official inauguration by Kuwait’s Minister of Finance Anas Al-Saleh and IMF Managing Director Christine Lagarde in Kuwait City in November 2014. Kuwait, through the Kuwait Investment Author- ity under the leadership of Managing Director Bader Al-Sa’ad, has been generously hosting and financing the Center. This is only one of many steps that Kuwait has taken in recent years toward a broad Renaissance to real- ize and further expand its people’s vast potential, while at the same time advancing its long-standing vision and aspirations in service to the wider Arab community.

The curriculum is geared to helping address core economic policy hurdles

As the CEF team starts the preparation of the 2016 course program, we all bear in mind the Arab world’s pressing economic policy challenges. These challenges, to varying degrees across countries, include rising unemployment and income inequality, weak or fledgling institutions, pressures on public finances and international reserves, weak investor confidence, and an uncertain trade and fi- nancial environment as well as volatile oil prices. Persis-

tence of these difficulties, especially given high people’s expectations, could very well worsen—and in turn be re- inforced by—the already precarious political and social environment that these countries also have in common, notably a rocky path toward inclusive government, ris- ing internal social tensions, and conflict-related spill- overs from one country to another.

The design of the 2016 program is benefiting from sev- eral channels to gain feedback on the kind of training and advice that would best help officials address those challenges. These include regular feedback from par- ticipants in CEF courses and workshops, as well as in discussions with Directors of Training in central banks and ministries throughout the Arab world. Besides the addition of new seminars and workshops, the continual dialogue serves to enrich and fine-tune the content of existing courses. To illustrate, workshops on diversi- fication in oil-producing countries could add sessions dealing specifically with the impact of the decline in the price of oil; training focused on inclusive growth or re- form of the social safety net could include lectures on the consequences of conflict on vulnerable groups; and workshops on public expenditure management would have an added emphasis on good governance and pub- lic sector transparency and accountability. The CEF cur- riculum continues to bring together stakeholders from all strands of society, in addition to high-level economic policy makers to discuss pertinent issues of special in- terest to today’s Arab world. A key event scheduled for November 11, 2015 is the Global Conference on Islamic Finance, one important part of which will explore how Islamic finance could promote inclusive development.

Joint training programs with centers abroad are be- ing enriched

To expand the multi-disciplinary aspect of its work, and to broaden its outreach in the Arab world, the Center will further strengthen its partnership with the Arab Monetary Fund (AMF) in Abu-Dhabi with a steady rise in the number of joint courses, and the introduction of a new venue for some of the courses in Oman. Also, the program for joint training with Bank Al-Maghrib will be built upon with special attention to the capacity develop- ment needs of the North Africa region. We hope that the successful experience with the Arab Monetary Fund and Bank Al-Maghrib will encourage other regional training centers to join hands with the CEF in similar programs.

IMF courses will continue to be enriched through col- laboration with other regional centers whose mandates

complement in important ways the CEF’s vision. In par- ticular, the CEF will expand its joint workshops with the Middle East Technical Assistance Center (METAC). Recent experience has confirmed that there are substan- tial synergies between economics training and technical assistance, and there will be an increased focus on areas in high demand in the region, in particular those tied to public sector policy, governance and transparency.

We will also strive to create synergies with IMF Train- ing Centers in other regions of the world. One important initiative in 2015 has been an arrangement with the Joint Vienna Institute (JVI) aimed at fostering close and regu- lar interaction between CEF and JVI staff, including oc- casional on-site visits. It is hoped that the joint activities, face-to-face interactions, continual exchange of views, and stock-taking of experiences in similar fields will help in sharpening the training centers’ practices especially in the areas of management, teaching, and outreach.

Partnerships focus on timely development issues of interest to Arab policy makers

The CEF’s curriculum will also continue to greatly ben- efit from World Bank courses in areas to which Arab countries’ policy makers are according greater attention such as health and education. One particularly success- ful model of recent collaboration with the World Bank is the recent seminar on Scaling Up Universal Health Coverage and Containing Non-Communicable Diseases, which is in line with CEF’s vision of supporting well- rounded development with adequate social safety nets. Similarly, our joint work with the Organization for Eco- nomic Cooperation and Development (OECD) will have as an important component the “MENA-OECD Initia- tive on Governance and Investment”, with new courses in the macro-financial area and regional investment inte- gration issues. Collaboration with the World Trade Or- ganization (WTO) will include several joint workshops that shed light on the role of external trade in supporting sustainable economic development.

Linkages with economic and scientific centers in Kuwait will be strengthened

The CEF team will strive for the remainder of 2015 and the coming years to strengthen, as much as possible, the linkages between the Center and wider intellectual soci- ety in Kuwait. One channel is to leverage the presence of eminent economists delivering courses at the Center for additional participation in panels and workshops open to the wider public, whenever possible in partnership with local institutions. This is not only to take advan- tage of the logistical and cost advantage of the Center’s location, but also to encourage synergies among the es- tablished universities, think tanks and other leading in- stitutions such as the Arab Fund for Economic and Social Development and the Kuwait Fund for Arab Economic

Development, the Arab Planning Institute, the Kuwait Foundation for the Advancement of Sciences, the Ku- wait Institute for Scientific Research, and the Center for Research and Studies on Kuwait, to name only a few.

A highly successful model for partnering with the public sector is the ongoing collaboration between the CEF and the Central Bank of Kuwait in hosting the “Workshop on Macro-Prudential Policies in the GCC”, which is the main regional forum for the GCC countries’ bank super- visors. Our aim is to apply this model to other public sector agencies, with a view to positioning them in key regional leadership positions, as well as serving the ca- pacity needs of the wider Arab world. In parallel, the CEF will step up its internship program jointly with the Lothan Youth Achievement Center (LOYAC) to provide training opportunities at the Center for young talented students and fresh graduates in economics and finance.

As policymakers face ever more pressing challenges on all fronts, our hope is that the above endeavors will con- tribute, even if most modestly, to the adoption of sound economic and financial policies in our member countries.

I look forward to your visit and your thoughts on any as- pect of the Center’s work to better serve the Arab world.

Oussama Kanaan, CEF Director

Oussama Kanaan assumed his responsibilities in Kuwait in December 2014 as the Director of the IMF-Middle East Cen- ter for Economics and Finance. His previous responsibilities in the region have included the positions of IMF Mission Chief or Resident Representative for several Arab countries. He worked on a range of world regions and departments at the IMF, in- cluding the Policy Development and Review, Fiscal Affairs, and African departments. He also served as the Alternate Executive Director at the IMF for the Chair representing countries in the region. He has published in the areas of economic growth, trade and development, and holds a Ph.D. in economics from Yale University.

CEF Steering Committee Meeting

Kuwait, February 18, 2015

Ahmad Bastaki

Executive Director, KIA

Professor Nabeel Al-Loughani,

Kuwait University

The CEF’s Steering Committee met on February 18, 2015 to discuss the CEF team’s strategy and vision, and specific goals for 2016.

The Steering Committee meeting included, as prima- ry members, Mr. Ahmad Bastaki, Executive Director, Kuwait Investment Authority (KIA) which finances the Center’s operations; Mr. Nabil Al-Loughani, Sec- retary General, Kuwait University, as well as Mr. Alan MacArthur and Mr. Ray Brooks representing the Man- agement of the IMF’s Institute for Capacity Develop- ment (ICD).

The Steering Committee also includes partner organi- zations’ representatives from the Arab Monetary Fund, the OECD, the World Bank and the WTO.

The discussion was guided by the CEF Director’s presentation in which he set out the CEF team’s agenda and objectives for the remainder of 2015 and next year.

Alan MacArthur

IMF Senior Staff, ICD

Ray Brooks

IMF Senior Staff, ICD

These included actions to ensure that:

• The CEF’s curriculum responds effectively to evolv- ing Arab countries’ policy needs.

• The CEF’s strategic partnerships continue to be strengthened, in particular with the Arab Monetary Fund, OECD, World Bank, and WTO.

• The CEF is renowned as a highly attractive place to work in, with a high-caliber, motivated, and diverse staff.

The meeting discussed the CEF’s forthcoming special events, which include joint activities with leading local institutions such as the Arab Fund for Economic and Social Development, as well as the Global Conference on Islamic Finance on November 11. The Committee also welcomed the Center’s initiatives and programs to strengthen direct links with the Arab world, such as the new joint training program in Morocco between the CEF and Bank Al-Maghrib.

Oussama Kanaan, CEF Director, and Sami Ben Naceur, Deputy Director, at the Steering Committee Meeting

Course on Design and Implementation of Effective Social Safety Nets (SSN-MENA)

A News Story by the World Bank staff on a CEF-World Bank joint event
Kuwait, May 10-14, 2015

From left to right: Oussama Kanaan (Director, CEF); Undersecretary of the Ministry of Social Affairs and Labor, Mr. Mutar Al Mutairi; Firas Raad (Country Manager, World Bank Kuwait); Surat Nsour (Social Protection Specialist, World Bank)

Well-Targeted Social Safety Nets are Critical for Pro- moting Development in the Arab World

Effective, resilient and well-targeted social safety net (SSN) systems can mitigate any adverse impact of subsi- dy reforms in the Middle East and North Africa (MENA) region. Senior policymakers, analysts, and government officials met in Kuwait this week to share knowledge and practical experiences about the design and imple- mentation of SSNs.

The week-long course, held for the third consecutive year in Kuwait, was organized by the CEF jointly with World Bank (WB). Participants from Arab League coun- tries discussed challenging SSN issues facing the region and proposed solutions. They joined the World Bank- supported global community of practice to share their main findings and lessons learned.

“This course provides an excellent and timely opportu- nity for practitioners from across the region to discuss not only best practices, but also ideas for implementing them,” said Firas Raad, World Bank Country Manager in Kuwait. “This fruitful dialogue can help improve the effectiveness of social safety net programs in better ad- dressing the specific needs and issues faced by the vari- ous countries of the region.”

The course provided a knowledge-sharing platform and built on practical experiences from around the world, including the latest research findings and operational work of the World Bank and other institutions. Par-

ticipants had the opportunity to discuss the conceptual and implementation issues involved in the set-up, im- plementation, as well as performance monitoring and evaluation of the safety net systems. Participants also addressed then specific issues facing the region, includ- ing: inclusion and resilience of safety nets in a changing political economy; design and implementation of safety nets to mitigate the impact of subsidy reforms; account- ability and governance in service delivery; and, use of SSNs to promote human capital development and labor market activation in various countries.

“The experience of a large number of countries indicates that well-designed social safety net programs are impor- tant for the sustainability of economic reforms, especial- ly those requiring a substantial reduction in the budget deficit,” said Oussama Kanaan, Director, CEF. “Such programs are essential both to protect vulnerable peo- ple from the adverse impact of the reforms, as well as to enable a reallocation of public spending toward health, education, and other areas that are key to inclusive eco- nomic growth.”

“One of the main priorities of the Ministry of Social Af- fairs and Labor is to provide social assistance to various households and social strata, especially vulnerable in- dividuals and households,” said Undersecretary of the Ministry of Social Affairs and Labor, Mr. Mutar Al Mu- tairi. “Currently, Kuwait, with support from the World Bank, has developed a strategic SSN Framework aimed at high levels of efficiency and effectiveness in the dis- tribution of transfers as well as encouraging social as- sistance beneficiaries to join the labor market, whenever possible, and to contribute to human capital accumula- tion.”

Course on Financial Programming and Policies (FPP)

Kuwait, May 17-28, 2015

Public sector officials from several Arab countries met in Kuwait for a two-week training course to share knowl- edge and practical experience on how to design and implement macroeconomic and financial policies. The course was organized and hosted by the IMF-Middle East Center for Economics and Finance (CEF) in Kuwait. The course consisted of lectures and workshops deliv- ered by staff from the CEF and the IMF’s Institute for Capacity Development (ICD) who drew on their expe- rience in economic surveillance, the design of financial programs, and the provision of technical advice to mem- ber countries. The course was also enriched by discus- sions among the 31 participants on alternative options to address the core economic challenges facing their coun- tries.

The course aimed at extending participants’ understand- ing of the design and implementation of macroeconomic and financial policies, drawing on the IMF’s experience in economic surveillance, the design of financial pro- grams, and the provision of technical advice to member countries.

“I consider this course to be one of the core courses our Center offers for public sector officials who wish to ex- pand their practical knowledge and analytical skills in the design and application of macroeconomic and growth- enhancing policies,” said Oussama Kanaan, Director of the IMF-Middle East Center for Economics and Finance. “Participants have generally found the workshops to be an especially important component of the course, par- ticularly the practical exercises that helped them apply rigorous conceptual frameworks to real country cases of relevance to the economic challenges facing the Arab world today”. “The course lectures helped explain topi-

cal macroeconomic issues as well as the policy analysis and advice based on best practices and country expe- riences,” said Khaled Abdelkader, Senior Economist, IMF-Institute for Capacity Development. “The hands- on approach of the course also allowed for a candid and lively debate among participants. Officials viewed this learning experience to be highly rewarding given its focus and thorough policy content. They valued lectur- ers’ passion and efforts to keep everyone engaged all the time,” he added.

The lectures and workshops covered a discussion of key macroeconomic issues affecting Arab countries today; the analysis of the macroeconomic accounts (real, fiscal, external and monetary); forecasting techniques; the de- sign of macroeconomic policies to yield macroeconomic stability and inclusive growth; and simulation exercises involving the preparation of an economic stabilization program.

Course on Improving Competitiveness in the MENA Region

Kuwait, May 18 -21, 2015

Since 2011, the socio-political events in the Middle East and North Africa (MENA) have highlighted the econom- ic challenges in the region. Unemployment, especially among young people, the educated and women, lack of economic diversification, low productivity and insuffi- cient innovation are among the most pressing issues.

Enhancing competitiveness is essential to address- ing these challenges and boosting sustainable growth throughout the MENA region.

Twenty two government officials from ministries and agencies involved in country competitiveness programmes attended a workshop on Improving Com- petitiveness in the MENA Region organized at the IMF- Middle East Center for Economics and Finance (CEF). The workshop was sponsored by the CEF and the OECD.

The workshop was conducted by Antonio Fanelli (Senior Advisor, Global Relations Secretariat, OECD) and Jorge Galvez Mendez (Economist, Global Relations Secretariat, OECD.

“Competitiveness in MENA, and across the world, is not only increasing productivity, it also contributes to raising standards of living in a sustainable and inclusive way” said Mr. Fanelli.

The workshop provided a platform to share knowledge on improving competitiveness and developing strategies at a national level. The participants exchanged views on how to improve business climate and develop sector- specific policies while taking into consideration the dif- ferent national contexts in the MENA region. They also discussed integration of regional co-operation into na- tional competitiveness strategies.

Visit of the Executive Director Mr. Hazem Beblawi to CEF

Kuwait, April 7, 2015

Mr. Hazem Beblawi visited the CEF on April 7, 2015 as part of an official visit to the region. The visit comes a few months after he assumed his responsibilities as the Executive Director at the IMF representing Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, the Mal- dives, Oman, Qatar, Syria, the United Arab Emirates, and Yemen. The visit was organized and coordinated by Ms. Wafa Abdelati, Senior Advisor to the Executive Director.

During his visit Mr. Beblawi held a roundtable meeting with the CEF’s staff, in which he exchanged views with staff on the economic challenges facing the Arab world today and the appropriate policies to address them. CEF staff discussed with Mr. Beblawi some of his influential publications, in particular those related to good gover- nance and economic development, while others were interested in discussing some of his other past contribu- tions as a leading academic and civil servant in several international organizations, in addition to his service to Egypt as an eminent economist and policymaker. Mr. Be- blawi in turn sought the staff’s own views on economic developments in the region, and was interested in learn- ing about their own professional experiences including at the CEF. Mr. Beblawi also made an impromptu visit to a class at the CEF, in which he engaged participating officials from Arab countries on some of the topics they have been working on in their course on “Macroeco- nomic Management in Resource Rich Countries”.

IMF Executive Director Hazem Beblawi

Oussama Kanaan, Director of CEF, Executive Director Hazem Be- blawi and Senior Advisor to the Executive Director Wafa Abdelati

CEF Safety and Security Day

Kuwait, May 25, 2015

The CEF gives a top priority to ensuring that all its staff and course participants are familiar with the procedures related to safety and security, and ready to implement them when needed. In this context, the United Nations Department for Safety and Security (UNDSS) in Kuwait organized a security briefing for CEF Staff on May 25, 2015. The sessions were very engaging and raised dif- ferent questions from staff regarding security issues and measures to be taken in different scenarios. The sessions covered various topics on the current security situation in Kuwait, Minimum Operating Security Standards (MOSS), Warden System, and Emergency Planning. Practical exercise sessions were also conducted on the

usage of telecommunication devices and hostage sur- vival.

The security briefing was followed by a fire drill exercise at the CEF in which staff, as well as participants attend- ing the Financial Programming and Policies (FPP), en- gaged with vigor and ethusiasm. Assigned fire wardens were also very active in checking that proper procedures were followed in all offices and workshop rooms. Spe- cial appreciation goes to Fatima Keaik who led the se- curity exercise and to colleagues from UNDSS team in Kuwait who helped make this exercise a success.

Who’s Who at the CEF—Introducing the Staff

From left to right, front row: Maha Al Khateeb (Interpreter/Translator), Fatima Keaik (Office Administrator), Nesreen Azari (Finance Officer), Therese Perlmutter (Former Interim Office Manager), Oussama Kanaan (Direc- tor), Sami Ben Naceur (Deputy Director), Lahcen Achy (Senior Economist), Noha Ismail (Interpreter/Translator), Ohood Mulla Juma (Course Administrator), Samer Al-Sourikh (Supervisor, Marafick Services Company).

From left to right, second row: Jasem Al-Saadoun (Security Staff, Marafick Company), Alia Al-Duaij (Senior Course Administrator), Fathy Osman (Senior Interpreter/Translator), Rasha El-Askary (Office Administrator), Sunil George (IT Officer), Nawaf Al-Nasser (Security Staff, Marafick Services Company), Nanda Bahadur, Bimba Sherpa, Nitra Prasad (Office Support Staff, Marafick Services Company).

From left to right, back row: Monther AlNeama (Course Administrator), Hossam Abdullah (Support Services Liai- son), Wael Baqtash (Senior Support Services Liaison), Nezar Haggag (Senior IT Officer), Muhannad Darwish (Program Officer), Ali Al Qallaf (Course Administrator), Ibrahim Badr (Maintenance Officer, Marafick Services Company), Abdulghaphor Hajjieh (Course Administrator).

CEF Activities during January-June 2015

Organization

Course

Dates

ID

Lang.

Weeks

IMF

Quarterly National Accounts

Jan 4-15

QNA

E/A

2

IMF-CEF-AMF

Financial Market Analysis (Abu-Dhabi)

Jan 11-22

FMA

E

2

IMF

Central Banking and Financial Sector Legal Frameworks

Jan 18-22

FSLF

E/A

1

WTO

Regional Workshop on Trade and Environment

Jan 27-29

TP-TE

E/A

0.6

IMF

Introduction to Banking Supervision of Islamic Financial Institutions

Feb 1-5

BSO

E/A

1

CEF-METAC

Workshop on Risk-Based Supervision of Islamic Financial Institutions

Feb 2-5

ISB

E/A

0.8

World Bank

Scaling Up Universal Health Coverage and Containing Non-Communicable Diseases: Challenges, Linkages and Strategies

Feb 8-12

AHP-ML

E/A

1

IMF-CEF

Macroeconomic Diagnostics

Feb 8-19

MDS

E

2

CEF-METAC

Revenue Administration: Understanding Compliance Behavior

Feb 15-18

RA-CB

E/A

0.8

IMF-CEF-AMF

Macroeconomic Management and Fiscal Policy (Abu-Dhabi)

Mar 1-12

MFP

A

2

CEF-METAC

Public Financial Management: Fiscal Reporting and Trans- parency

Mar 2-5

PFM-FRT

E/A

0.8

World Bank

Public Investment Management

Mar 15-19

PIM

E/A

1

IMF-CEF

Workshop for High-Level Government Officials on Macro- economics and Financial Sector Issues-GCC Countries

Mar 22- 23

O-HLO- GCC

A

0.4

IMF-CEF

Regional Workshop for Parliamentarians from GCC Countries

Mar 30- Apr 1

O-PARL- GCC

A

0.6

IMF-CEF

Macroeconomic Management in Resource-Rich Countries

Apr 5-16

MRC

E/A

2

IMF-CEF

Financial Inclusion

Apr 12-16

FI

E/A

1

IMF-CEF

Macro-Prudential Polices

Apr 19-23

MPP

E/A

1

OECD

Public Procurement Workshop Series: Good Practices in Modernizing Public Procurement

Apr 20-23

PPM

E/A

0.8

IMF

Domestic and Cross-Border Issues in Corporate Tax Law Design

Apr 26-30

CTL

E/A

1

WTO

Intellectual Property Rights for Government Officials

Apr 28-30

TP-IPR

E/A

0.6

IMF

Reforming Fuel Subsidies

May 3-6

RFS

E/A

0.8

World Bank

For Resilience and Promotion: Social Safety Nets in the Middle East and North Africa

May 10-14

SSN-MENA

E/A

1

IMF-CEF

Financial Programming and Policies

May 17-28

FPP

A

2

OECD

Improving Sectoral Competitiveness in the MENA Region

May 18-21

COMP

E/A

0.8

IMF-CEF-AMF

Macroeconomic Forecasting (Abu-Dhabi)

May 31-Jun11

MF

E

2

IMF-CEF

Economic Policies for Financial Stability

Jun 1-12

EFS

E

2

IMF

Financial Soundness Indicators

Jun 7-11

FSI

E/A

1

CEF Activities during August-December 2015

Special 2015 Events:

  1. A high-level conference on Islamic Finance, organized by the CEF jointly with the Central Bank of Kuwait and the IMF’s Middle East and Central Asia Department, is scheduled for November 11, 2015.
  2. A Symposium on “The Economic and Social Implications of Subsidy Reform”, organized jointly with the Arab Fund for Economic and Social Development, is scheduled for September 14, 2015.

 

Organization

Course

Dates

ID

Lang.

Weeks

IMF-CEF-AMF

Macroeconomic Management and Financial Sector Issues (Oman)

Aug 30-Sept 10

MMF

A

2

IMF-AMF

Government Finance Statistics (Abu-Dhabi)

Aug 30-Sept 10

GFS

E/A

2

IMF

Cross-Border Position Statistics

Aug 30-Sept 10

CBPS

E/A

2

OECD

Building Capacity and Frameworks to Ensure Value for Money from PPPs

Sept 1-3

PPP

E/A

0.6

IMF

Effective Public Debt Management Strategies in a World of Sovereign Assets

Sept 6-10

PDM-SA

E/A

1

IMF

Sovereign Asset Management: A Practical Framework for a New Era in Sovereign Investment

Sept 13-17

SAM

E/A

1

IMF

Macro Stress Testing

Sep 28-Oct 1

MST

E

0.8

IMF-CEF-World Bank

Policies for Diversified Development

Oct 4-6

DIV

E/A

0.6

OECD

Improving Policies and Access to Finance for Small and Medium-Sized Enterprises in MENA

Oct 5-8

SME

E/A

0.8

IMF

AML-CFT – Governance and Functions of Financial Intelligence Units

Oct 18-22

AML

E/A

1

IMF-CEF

Macroeconomic Management and Fiscal Policy

Oct 18-29

MFP

A

2

IMF

Monetary Operations and Liquidity Management

Oct 25-29

MOLM

E/A

1

IMF-AMF

Practical Aspects of Balance of Payments Statistics Compilation (Abu-Dhabi)

Oct 25-Nov 5

BPS-CG

E/A

2

IMF

Strengthening Budget Institutions

Nov 1-5

SBI

E/A

1

World Bank

Good Data, Appropriate Technology: Improving Education Outcomes through Effective EMIS and ICT Use**

Nov 1-5

EMIS-ICT

E/A

1

IMF

Safeguards Assessments of Central Banks

Nov 8-12

SAC

E

1

World Bank

Strategic Choices for Education Reform in Arab Countries

Nov 15-24

EDU-SCER

E/A

2

OECD

Strengthening Integrity in the Public and Private Sector in the MENA Region

Nov 23-26

INTG

E/A

0.8

IMF-CEF

Workshop for High-Level Government Officials on Mac- roeconomics and Financial Sector Issues- Mashreq and Maghreb Countries

Nov 29-30

O-HLO

A

0.4

IMF-CEF-World Bank

Inclusive Growth: Macroeconomic and Sectoral Policies

Nov 29 -Dec 10

IG

E/A

2

IMF-CEF

Regional Workshop for Parliamentarians from Mashreq and Maghreb Countries

Dec 1-3

O-PARL

A

0.6

IMF

Price Statistics

Dec 6-17

PRS

E/A

2

IMF-CEF-AMF

External Vulnerabilities and Policies (Abu-Dhabi)

Dec 6-17

EXV

A

2

IMF-CEF-Bank Al
Maghrib

Monetary and Exchange Rate Policy

Dec 7-18

MERP

E

2

IMF

Current Issues in Banking Supervision and Regulation

Dec 13-17

BSR

E/A

1