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Financial Programming and Policies

Financial Programming and Policies (FPP)

Deadline passed

Session No.: JV 22.34

Location: Vienna, Austria

Date: October 17-28, 2022 (2 weeks)

Delivery Method: In-person Training

Primary Language: English

Interpretation Language: Russian

    Target Audience

    Officials from ministries of finance, economy, planning and central banks who advise on or help implement macroeconomic and financial policies.

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    Qualifications

    Participants are expected to have a degree in economics or equivalent experience and be proficient in the use of spreadsheets. It is strongly recommended that applicants have completed the online Financial Programming and Policies, Part 1:Macroeconomic Accounts and Analysis (FPP.1x) or the online Financial Programming and Analysis, Part 2: Program Design (FPP.2x) course.

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    Course Description

    "Disclosure: Due to COVID 19, courses will be delivered in person, hybrid, or virtual, according to safety guidelines. As of today, this course is scheduled to be delivered in person in Vienna, but its delivery method may change. By submitting your application, you confirm your availability to participate in the course either in person or virtually. Up-to-date Covid-19 vaccination is likely to be required and related information may be requested from participants for in-person courses."

    This course, presented by the Institute for Capacity Development, explains how to diagnose macroeconomic imbalances and correct them through a coordinated set of adjustment policies. It covers the principal features of the four main macroeconomic sectors (real, fiscal, external, and monetary) and their interlinkages, highlighting both accounting and behavioral relationships and using data from a country case study.

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    Course Objectives

    Upon completion of this course, participants should be able to:

    • Analyze economic and financial developments of a country in the region using historical data and a hands-on, Excel-based framework.
    • Create consistent one-year macroeconomic projections on the assumption that policies do not change.
    • Identify economic vulnerabilities and risks in a baseline scenario and policy measures to address them.
    • Prepare an adjustment scenario that reflects the policy measures and their macroeconomic impact.
    • Identify further policy goals and measures beyond the one-year horizon that will be incorporated into a medium-term framework.
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