Financial Programming and Policies (FPP)

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Deadline for the application has passed.
Course No.: JV 18.26
Location: Vienna, Austria
Date: September 17, 2018-September 28, 2018 (2 Weeks)
Language: English (Russian)

Target Audience:

Officials from ministries of finance, economy, and planning and central banks 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. It is strongly recommended that applicants complete the online FPP.1x and FFP.2x courses before enrolling in this course.

Course Description:

This course, presented by the IMF Institute for Capacity Development, explains how to both 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 how they relate to each other, highlighting both accounting and behavioral relationships and using data from a country case study.

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 framework.
  • Create consistent one-year 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.
  • Identify further policy goals and measures beyond the one-year horizon that will be incorporated into a medium-term framework.

Important Note for Online Courses:

For Online Learning (OL) courses, which are delivered through the edX platform, you will need an additional piece of information to register: you will be prompted for your edX.org username. If you do not already have a username, please go to https://courses.edx.org/register and sign up for a free account. Once you have created an account, you may complete the IMF Institute application. If you already have an edX account, your username can be found on the top right of the screen after logging in.

Important Note for Internal Economics Training Courses:

Internal Economics Training (IT) courses are self-financed. The IMF will not charge officials for attending courses. However, all travel, insurance, hotel, and living costs will need to be covered by the agency sponsoring the participants.