Vienna Segment of the Cohort Training: Advanced Analytical Tools for Better Policy Insights

The second leg of the CCAMTAC (Capacity Development Center for the Caucasus, Central Asia, and Mongolia)-JVI cohort training which took place from May 6-17 was a resounding success. Building on the first segment in Almaty, which focused on Financial Programming and Policies (FPP), the Vienna segment deepened macroeconomic analysis skills and further enhanced networking. Both segments were preceded by a virtual component, including pre-recorded videos, live online lectures and Q&A sessions with counselors.  

Comprehensive Learning Experience 

Thanks to close coordination between CCAMTAC and JVI, the program ensured continuity and a cohesive learning experience. The Almaty segment provided an introductory overview and policy foundation, while the Vienna segment delved deeper into advanced macroeconomic management. This structured progression allowed participants to digest the course content more effectively and to get ready for more advanced projects in their respective countries, including in the context of technical assistance projects supported by the IMF. 

Participants confirmed that the cohort structure facilitated deeper learning, thanks to the close integration of the various segments. The gradually increasing complexity over the training duration was appreciated, as participants built solid knowledge through logically sequenced training segments (including the numerous virtual sessions before both segments). 

Advanced Course Content 

The Macroeconomic Management Issues (MMI) course, developed at the JVI, is an intermediate-level course that includes policy analysis and forecasting techniques using a semi-structural gap model. This model is calibrated on Turkish economic data. The training emphasized policy design and implementation, equipping junior officials with skills to discuss gap models, understand business cycles and policy transmission mechanisms, and develop sophisticated tools to better analyze macroeconomic imbalances. Workshops facilitated the effective understanding and application of concepts, including with practical applications, as did the use of interactive methods like policy debates and Jeopardy-based reviews.  

Feedback from IMF experts who interacted with some of the participants following their return confirms that the cohort training contributed significantly to participants’ skills, allowing for deeper discussions and a more effective absorption of technical assistance. 

Enhanced Peer-to-Peer Interaction and Networking 

A standout feature of the cohort training has been the emphasis on peer-to-peer learning. From day one, the group dynamics were highly engaging, fostering a strong sense of community and collaboration. This peer interaction was particularly evident in the way participants supported each other through initial challenges, eventually mastering the complex material together. The camaraderie and team spirit developed over 8 months contributed to a more cohesive and supportive learning environment. Not only did they facilitate easy exchanges, but participants valued the opportunity to build long-term relationships and engage in continuous learning with familiar peers. A lifetime network was established among peers, which will be valuable throughout their careers. 

Additionally, lecturers, especially those involved in both segments, appreciated the extended interactive format, as it allowed for deeper and continuous interaction compared to stand-alone courses.  

The next cohort training will be delivered in late 2024 at the (CCAMTAC Regional Workshop - "Cohort Training with JVI"), with the second segment in Vienna in the first half of 2025.  

Patrick Imam, Deputy Director, Joint Vienna Institute