ECOWAS holds a preparatory meeting on mitigation of macroeconomic fiscal imbalances through forecasting.15 Mar, 2021
Abuja, Nigeria, March 14, 2021
MST model incorporates concepts, methodology and topics, which were covered during the training of Macroeconomic Fiscal Modelling for Research and Statistics Unit of Macroeconomic Policy Department in 2019-20 implemented by the ITF and jointly funded by Slovenian Devel-opment Cooperation and ECOWAS Commission.
The model is necessary to strengthen ECOWAS Macroeconomic Policy Department – RSU ca-pacity to transfer gained knowledge, methodologies and tools and support Member States in developing and managing comprehensive and sustainable fiscal framework models.
In so doing this ongoing cooperation addresses the goal stipulated in the MoU between the ECOWAS Commission and the Slovenian Government to strengthen the capacity of the Macro-economic Policy Department – Research and Statistics Unit (RSU), to assist ECOWAS Member States in having a better control of mobilization of their domestic resources and mitigate mac-roeconomic fiscal imbalances due to unplanned events (i. e. COVID-19 pandemic).
The model is designed for practical use in institutions, responsible for current fiscal forecasting and long-term sustainable fiscal position on national or regional level.