For CCAMTAC member countries, in general CCAMTAC advisors focus on the following areas:
• Macroeconomic analysis: macro-frameworks, analysis, forecasting, and communications.
• Fiscal policy: public financial management, macro-fiscal issues, revenue administration.
• Monetary and financial sector: central bank operations and financial regulation and supervision.
• Macroeconomic statistics: national accounts, price, and government-finance and debt statistics.
Technical assistance (TA) is demand driven, taking into account priorities and available resources. Capacity development activities for Turkmenistan included:
National Workshop on Financial Programming and Policies (November 6 – 10, 2023).
A national face-to-face workshop was delivered by CCAMTAC staff, using Institute’s for Capacity Development (ICD) barebones financial programming and policies (FPP) template. The workshop was the first in-person CD activity in Turkmenistan after the COVID-19 pandemic. During a one-week workshop, 22 participants from the Central Bank of Turkmenistan, the Ministry of Finance and Economy, the State Statistics Committee, and other entities learned to project economic variables, comprehensively assess a baseline scenario, and identify internal and external
Monetary and Foreign Exchange Operations (January 15 - April 30, 2021)
The missions reviewed past TA, assessed TA needs and will provide the future CCAMTAC resident advisor on central banking with a preliminary work plan tailored to each country’s needs. At the same time, several cross-cutting themes emerged. Most countries are transitioning to or plan to transition to inflation targeting. Common monetary policy and operations issues relate to high dollarization, foreign exchange intervention policy, the impact of remittances and their volatility on monetary policy, the role of the ruble exchange rate, and the state of correspondent banking. The assessments were shared with the respective country authorities to help inform their capacity development plans.
National Accounts (September 6 - 10, 2021)
During the mission, the State Statistics Committee of Turkmenistan was assisted in populating the GDP Forecasting Template with relevant data and developing a medium-term strategy for the improvement of official monthly flash estimates.
