Financial Programming and Policies (FPP)
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.
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.1x) course and the online Financial Programming and Analysis, Part 2: Program Design (FPP.2x) course.
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 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
Upcoming Offering
Start date | End date | Location | Delivery Method | Session No. | Primary & (Interpretation) language | Apply |
---|---|---|---|---|---|---|
July 21, 2025 | August 1, 2025 | Vienna, Austria | Blended Training | JV 25.20 | English (Russian) | Deadline passed |
October 20, 2025 | October 30, 2025 | Abu Dhabi, United Arab Emirates | In-person Training | CE 25.32 | Arabic | Apply online by July 7, 2025 |
October 27, 2025 | November 7, 2025 | Singapore, Singapore | In-person Training | ST 25.27 | English | Apply online by July 29, 2025 |
December 1, 2025 | December 12, 2025 | Washington, D.C., United States | Blended Training | HQ 25.09 | English | Apply online by August 17, 2025 |
January 12, 2026 | January 23, 2026 | Ebene, Mauritius | In-person Training | AT 26.04 | English (French) | Apply online by December 5, 2025 |
Institutional Sector Accounts (ISAx)
English | April 3, 2025 - June 12, 2025 | Online Training | Course conducted online
Apply online by May 22, 2025
Reforming Fuel Subsidies (RFS)
English (French) | June 16-20, 2025 | Virtual Training | Ebene, Mauritius
Apply online by May 22, 2025
Financial Market Infrastructures: Principles and Practices (FMI-PP)
English | September 1-5, 2025 | In-person Training | Vienna, Austria
Apply online by May 25, 2025
Fiscal Frameworks (FF)
Spanish | September 8-19, 2025 | In-person Training | Washington, D.C., United States
Apply online by May 25, 2025
Inclusive Growth (IG)
English (Arabic) | December 7-18, 2025 | In-person Training | Kuwait City, Kuwait
Apply online by May 25, 2025