Project Info
Project Code
0405S
Tranche
T04
Tranche Type
Regular
Status
Closed
Title
Building capacity in macroeconomic policy analysis in Central America and the Caribbean
Entities
Implementing Entity (Lead)
DESA
Collaborating DA Entities
ECLAC
Financial and Evaluation Info
Total Budget
$460,000.00
Project Selected for Evaluation
No
Countries and Regions
Areas of Work
Thematic Clusters
Science
Technology and Productive Sectors
Sustainable Development
Objective and Expected Outcomes
Objective
To assist policy makers in the small open economies of Central America and the Caribbean in formulating and implementing policy initiatives for viable economic development, and securing their trading position in the global economy through regional and global integration. The project will enable research institutions, Central Banks, and Ministries of Finance to generate inputs for policy makers into policy formulation and evaluation An additional benefit will be to integrate the targeted countries into the LINK
Expected Outcome 1
Enhanced national capacities in econometric modelling for the analysis and forecasting of trends and policy alternatives at the national level of each participating country
Expected Outcome 2
Strengthened subregional and regional capacity in macroeconomic policy formulation with a view to further regional and extra regional integration; Development of a prototype model adaptable to individual country conditions, leading to new economic models for countries that presently do not have one and the upgraded models for countries that already have them
Expected Outcome 3
Strengthened dialogue between trained researchers and decision makers in the region to carry out policy analysis with the latest instruments; Establishment of a subregional network of researchers and decision makers based on standardized software packages for econometric modelling with the web site and links to LIN