External Sector Assessment (ESA)

Course Details

Start: October 26, 2017

End: October 27, 2017

Course Number: SA17.29

Course Name: External Sector Assessment (ESA)

Language: English

Location: New Delhi, India

Application Process: By Invitation

 

 

Target Audience

Senior and mid level officials from Reserve Bank of India.


Course Description

This 2-day customized course, presented by the IMF, covers external sector assessment as a key requirement to achieve macroeconomic stability. It provides a thorough overview of how to assess the external sector, consisting of the following: (i)  Exchange rate assessment methodologies; (ii) External Balance Assessment (EBA) Model; (iii) Equilibrium real exchange rate approach; (iv) Macroeconomic balance approach; and (v) External sustainability approach. In addition, the topic of external debt sustainability will also be featured. Presentations will be complemented by hands-on workshops using templates with country case studies used by the IMF teams in carrying out their assessment.

 

Course Objectives

Upon completion of this course, participants should be able to:

• Describe why external sustainability is key to macroeconomic stability and sustainable growth.

• Characterize key concepts, definitions and techniques for the external balance assessment including exchange rate assessment methodologies and other approaches.

• Develop a framework to assess a country’s external debt sustainability

• Have an understanding of the IMF’s decision making process to lend to a sovereign.