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Mid- to senior-level officials primarily in such ministries as finance, economy, and planning, or in central banks who provide advice on macroeconomic and financial policy or who are involved in policy implementation.
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Applicants are expected to have a degree in economics (preferably advanced) or equivalent experience, along with proficiency in the use of spreadsheets.
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This course, presented by the IMF Institute, focuses on the design and implementation of macroeconomic and financial policies, drawing on the Fund's experience in surveillance of member countries' economic policies, formulation of financial programs supported by the IMF, and the provision of technical advice. The course covers:
- the principal features of the different accounts used in macroeconomic analysis (i.e., the national income, balance of payments, fiscal, and monetary accounts) and the interrelations among these accounts, and forecasting methods for each sector;
- the diagnosis of current trends in macroeconomic performance and quantitative analysis of the effects of macroeconomic and structural policies on the main variables of interest to policymakers, including output, prices, and the balance of payments; and
- the preparation of an internally consistent, quantified macroeconomic policy program.
The course material is presented in a framework that emphasizes the complementarity of macroeconomic stabilization policies and structural reforms and the importance of coordinating different policies to achieve sustained growth. Case studies of actual macroeconomic and structural adjustment programs implemented by member countries are used to illustrate how policies can be adapted to changing economic circumstances.
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