Financial Programming and Policies

Source details

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.

Explains how to diagnose macroeconomic imbalances and correct them through a coordinated set of adjustment policies.
Covers the principal features of the four main macroeconomic sectors: real, fiscal, external, and monetary.
Highlights both accounting and behavioral relationships among economic variables.
Uses data from a country case study to illustrate concepts and applications.

Upon completion of the 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 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.