The IMF – Singapore Regional Training Institute (STI) was established in 1998 and is the International Monetary Fund’s (IMF) regional training center for the Asia and Pacific region.
Parameter Proliferation in Nowcasting: Issues and Approaches—An Application to Nowcasting China’s Real GDP
This paper evaluates three approaches to address parameter proliferation issue in nowcasting: (i) variable selection using adjusted stepwise autoregressive integrated moving average with exogenous variables (AS-ARIMAX); (ii) regularization in machine learning (ML); and (iii) dimensionality reduction via principal component analysis (PCA).
ST25.22 Gender Inequality and Macroeconomics (GM)
Participants successfully completed the Gender Inequality and Macroeconomics (GM) course, deepening their understanding of how gender equality supports inclusive and sustainable growth. Use key sources of gender-disaggregated data and relevant toolkits to assess countries’ progress towards gender equality, including how this has been affected by the COVID-19 pandemic, and the impact of gender equality on macroeconomic performance.
ST25.31 Macro-Stress Testing II - Advanced (MST-A)
The course also delves into cutting-edge topics in stress testing, encompassing the feedback loops between the real economy and financial sectors, systemwide risk analysis, the implications of climate change, and other emerging risks. Moreover, the program features guest speakers from the industry, who bring their expertise to illuminate specific areas of interest. This course offers a comprehensive examination of the principles, methodologies, and best practices underpinning stress testing.
ST25.19 Fiscal Rules and Frameworks (FF)
This course, presented by the Institute for Capacity Development and Fiscal Affairs Department, starts by reviewing the role of government and the objectives of fiscal policy; revisits essential macrofiscal tools and methodologies; and identifies a country’s fiscal framework.
ST25.20 Public Sector Debt Statistics-Advanced (PDS-A)
The course focuses on the conceptual framework of public sector debt statistics as presented in the Government Finance Statistics Manual 2014 (GFSM 2014) and the Public Sector Debt Statistics: Guide for Compilers and Users 2011 (PSDSG 2011).
Forecasts into Action: Building Capacity in Macroeconomic Policy Analysis
Training-Driven Technical Assistance: With over 60 years of training experience, ICD brings a nuanced understanding of capacitybuilding needs and integrates this insight
Macroeconomic Frameworks And Supplementary Tools
- Comprehensive Adaptive Expectations Model (CAEM) Supports forecasts and policy analysis in a familiar Excel-based environment .
- Climate in Macroframework Tool (CMT) Integrates climate risk and adaptative investment effects into macro projections.
Regional centers at the heart of capacity development
The IMF’s seventeen Regional Capacity Development Centers (RCDCs) are at the forefront of delivering tailor-made training and technical assistance to our member countries.
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STI delivers workshop for Pacific Island Central Banks, on Selected Topics in Monetary Policy Analysis, Forecasting, and Macroeconomic Frameworks Technical Assistance.
The workshop focused on peer-to-peer learning and sharing of country experiences in developing their monetary policy analysis, forecasting tools, and macroeconomic frameworks.
IMF LIBRARY LINK, IMF-STI NEWSLETTER
Month Issue: 07/2025
Features the latest research on the region.
Singapore: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Singapore
Country Report No. 2025/192
July 16, 2025
ST25.10 Balance of Payments and International Investment Position Statistics - Intermediate (BPIIPS-M)
Mr. Yoichiro Ikeda (Director, International Organization Division, Japan Ministry of Finance) and Mr. Kosuke Inoue (Japan MOF) visited STI on January 17, 2025.
Hybrid Seminar on IMF and the Stability of International Monetary System
On June 20, STI Resident Advisor Shinichi Nakabayashi held a Hybrid Seminar on IMF and the Stability of International Monetary System for Keio University Alumni and the colleagues who work and study in Tokyo. About 25 people gathered at Tokyo Mita Club in Ginza. Another ten persons joined the seminar online. He explained the origin of IMF and its activities to facilitate the smooth functioning of International Monetary System. The audience raised the question about the possibility for Japan to request an IMF program in the future and another about the future development of international key currencies. At the end of the seminar, a Facebook page of STI was introduced and a group photo was taken to keep in touch!
JAPAN-IMF SCHOLARSHIP PROGRAM FOR ASIA
The Japan - IMF Scholarship Program for Asia (JISPA) is more than just a scholarship — it’s a gateway to becoming a future leader in economic policy. Designed for junior government officials from key economic agencies across Asia and the Pacific, the program offers the opportunity to pursue graduate-level degrees in economics at leading Japanese universities.
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IMF PUBLICATIONS
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Forecasts into Action Building Capacity in Macroeconomic Policy Analysis |
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Macroeconomic Frameworks And Supplementary Tools |
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ICD CY2026 Training Program |
UPCOMING TRAINING COURSES AND EVENTS
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