## Financial Programming and Policies (FPP)

## Source details

**Canonical URL:** [Financial Programming and Policies (FPP)](https://www.imf.org/en/capacity-development/training/icdtc/courses/fpp)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/courses/fpp/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/courses/fpp/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/courses/fpp/bundle-manifest.json)

## Bibliographic details
- Published: July 31, 2024

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## Upcoming offerings

| Start date | End date | Location | Delivery Method | Session No. | Primary & (Interpretation) language | Apply |
| --- | --- | --- | --- | --- | --- | --- |
| November 9, 2026 | November 20, 2026 | Rabat, Morocco | [[In-person Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods) | [CE 26.41](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/fppce26-41) | Arabic | [[Apply online](https://www-ins.imf.org/TAS/signon.aspx?pkey=AT27.04E)](https://www-ins.imf.org/TAS/signon.aspx?pkey=CE26.41A) by August 6, 2026 |
| February 15, 2027 | February 26, 2027 | Ebene, Mauritius | [[In-person Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods) | [AT 27.04](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2027/fppat27-04) | English (French, Portuguese) | [[Apply online](https://www-ins.imf.org/TAS/signon.aspx?pkey=AT27.04E)](https://www-ins.imf.org/TAS/signon.aspx?pkey=CE26.41A) by January 8, 2027 |

### Overview
- The 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/financial, and their interlinkages.
- Emphasis on both accounting and behavioral relationships and use of data from a country case study.

### Target audience and qualifications
- Target Audience:
  - Officials from ministries of finance, economy, planning and central banks who advise on or help design and implement macroeconomic and financial policies.
- 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.1 x) course and the online Financial Programming and Analysis, Part 2: Program Design (FPP.2 x) course.

### Course objectives
- 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 scenario that reflects the policy measures and their macroeconomic impact.
- Negotiate an economic adjustment program with the respective counterparty in a role-playing simulation exercise.
- Identify further policy goals and measures that will be incorporated into a medium-term framework.

### Syllabus and instructional focus
- Aim: Teach participants how to diagnose macroeconomic imbalances and correct them through a coordinated set of adjustment policies.
- Coverage:
  - Principal features of the four main macroeconomic sectors (real, fiscal, external, and monetary/financial).
  - Interrelations among sectors, highlighting both accounting and behavioral relationships.
  - Practical application using data from a country case study.
- Course Structure: Standard syllabus organized to integrate sectoral analysis with policy design and simulation exercises.

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## Content in this bundle

- **Normal**
  - [Normal (Markdown version)](/-/media/files/icd/fpp.pdf.md){rel="alternate" type="text/markdown"}
  - [Normal (PDF)](/-/media/files/icd/fpp.pdf){rel="external" type="application/pdf"}

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## References

- [In-person Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [CE 26.41](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/fppce26-41)
- [AT 27.04](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2027/fppat27-04)
- [Apply online](https://www-ins.imf.org/TAS/signon.aspx?pkey=CE26.41A)
- [Apply online](https://www-ins.imf.org/TAS/signon.aspx?pkey=AT27.04E)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/courses/fpp_