Resident Macroeconomic Frameworks Advisor (PFTAC)

Tags: finance
  • Added Date: Friday, 21 March 2025
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The IMFโ€™s Institute for Capacity Development (ICD) and the IMFโ€™s Pacific Financial Technical Assistance Centre (PFTAC) are seeking a qualified candidate to fill the position of Resident Macroeconomic Frameworks Advisor. PFTAC was established in 1993 as the IMFโ€™s first regional technical assistance center. The goal of PFTAC is to strengthen the institutional capacity of Pacific Island countries (PICs) to design and implement sound macroeconomic and financial policies, which are essential underpinnings for sustainable economic growth and the achievement of Sustainable Development Goals. PFTAC support is provided to sixteen PICs. These comprise 13 members of the IMF, including Federated States of Micronesia, Fiji, Kiribati, Nauru, Palau, Papua New Guinea, Republic of the Marshall Islands, Samoa, Solomon Islands, Timor-Leste, Tonga, Tuvalu and Vanuatu, plus the Cook Islands, Niue and Tokelau.

The aim of capacity development (CD) in the area of macroeconomic frameworks is to help recipient countries improve the macroeconomic forecasting and analytical capabilities of government institutions in support of their macroeconomic policy decision-making process. Depending on country needs and capacity, macroeconomic-frameworks technical assistance (TA) projects may range from building Excel-based, sectoral-relationship frameworks with supporting economic projection equations, to building semi-structural gap Quarterly Projection Models of national economies. Near-term forecasting/nowcasting and/or debt dynamics tools will also be included in these macroeconomic frameworks. In view of the capacity constraints and small staff of many of the PTFAC members, the work agenda may include assistance with the implementation of basic elements of macroeconomic diagnostics, such as the analysis of equilibrium exchange rates, output gaps, and the basics of debt sustainability, and may require training-intensive activities as integral part of the TA engagement.

The ICD-backstopped Macroeconomic Frameworks Advisor will undertake these activities through TA missions, TA-related training engagements, and peer-to-peer learning activities, either alone or together with IMF staff and/or specialized short-term experts (STX) employed by the IMF. She/he will coordinate closely with ICDโ€™s CD delivery divisions, the Asia-Pacific Department (APD)-backstopped Macroeconomic Advisor and the IMFโˆ’Singapore Regional Training Institute (STI) to ensure consistency with other IMF CD activities in the region. Among the main tasks, the Macroeconomic Frameworks Advisor will:

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