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Financial Programming and Policies

Financial Programming and Policies (FPP)

Deadline passed

Session No.: HQ 25.01

Location: Washington, D.C., United States

Date: March 3-14, 2025 (5 weeks) New dates

Delivery Method: Blended Training

Primary Language: English

    Target Audience

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

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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: MacroeconomicAccounts and Analysis (FPP.1x) course or 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. 

    This course is being offered in a blended format. To successfully complete this course, participants will be expected to participate in two weeks of virtual training (February 10–21, 2025), including approximately 2–3 hours of self-study and live virtual sessions, 1.5 hours in duration, every other day to facilitate interactive discussions with instructors and peers. These two weeks will prepare participants for the subsequent two weeks of in-person training (March 3–14, 2025). In the in-person part of the course, participants will be able to apply what they have learned through hands-on workshops based on a case study, a negotiation simulation, and rich discussions.

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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 macro framework.
    • Create consistent 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.
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