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This paper takes stock of forecasting and policy analysis system
capacity development (FPAS CD), drawing extensively on the
experience and lessons learned from developing FPAS capacity in the
central banks. By sharing the insights gained during FPAS CD
delivery and outlining the typical tools developed in the process,
the paper aims to facilitate the understanding of FPAS CD within
the IMF and to inform future CD on building macroeconomic
frameworks. As such, the paper offers a qualitative assessment of
the experience with FPAS CD delivery and the use of FPAS in the
decision-making process in central banks.
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