The COMESA Monetary Institute (CMI) has conducted training on “Advanced Panel Data Analysis with special application on channels of monetary transmission mechanism and interest rate spread.

The overall objective of the training conducted from 30th May to 3rd June, 2016 in Nairobi Kenya was to equip the participants with the required panel data analysis skills to be able to carry out research using bank level data, with special application on channels of monetary policy transmission mechanism and interest rate spreads.

Addressing the participants during the closing session, the Director of the COMESA Monetary Institute Mr. Ibrahim Zeidy expressed confidence that the training had enhanced the understanding of the practical interface between theory and real economic situation.

“This training will strengthen CMI’s efforts to impart knowledge in the region as an integral component of COMESA Monetary integration Programme,” he said. “It will assist technical staff in the regional Central Banks to appreciate panel econometrics tools and how they are used to provide empirical findings which support evidence based policy decisions.”

The training was attended by delegates from seven Central Banks of COMESA Member States namely: Burundi, D R Congo, Djibouti, Kenya, Sudan, Uganda and Zimbabwe.