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Financial Programming and Policies

Financial Programming and Policies (FPP)

Deadline passed

Session No.: JV 25.03

Location: Vienna, Austria

Date: January 27, 2025 - February 7, 2025 (2 weeks)

Delivery Method: Blended Training

Primary Language: English

Interpretation Language: Russian

    Target Audience

    Officials from ministries of finance, economy, planning and central banks who advise on or help design and 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) course and the online Financial Programming and Analysis, Part 2: Program Design (FPP.2x) course.

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    Course Description

    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:

    • Create consistent macroeconomic baseline projections on the assumption that policies do not change, while respecting accounting and behavioral links among economic variables.
    • Analyze the baseline macroeconomic scenario, to understand economic and financial developments, and diagnose macroeconomic imbalances. 
    • Identify economic vulnerabilities and risks in the baseline scenario and articulate how policy measures  address them.
    • Prepare an adjustment program that reflects the selected policy measures and their macroeconomic impact.
    • Negotiate an economic adjustment program with the respective counterparty in a role-playing simulation.

    Blended FPP course will be partly delivered virtually via Moodle platform and partly held in-person. 

    • In the virtual part of the course, which will run for two weeks between January 13 and 24, participants will self-study the prescribed material and attend live virtual meetings (about two hours long) on every other day. It is expected that these self-study sessions and live meetings to take about 2 hours daily. There will be an online mini assessment at the end of every lesson in the virtual part of this course.
    • In the in-person part of the course, which will also run for two weeks (but full time), participation will most of their time in hands-on workshops, working together in small groups, to formulate first a baseline macro framework and then prepare and negotiate an economic adjustment program for the case-study country under the guidance of an experienced counselor.
       
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