Financial Programming and Policies (FPP)

Source details

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

Participants are expected to have a degree in economics or equivalent experience and be proficient in the use of spreadsheets.

The course 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.

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.