Description: A financial program is the term used by the International Monetary Fund to denote a comprehensive set of policy measures designed to achieve a given set of macroeconomic goals. Typically, the set of policy measures is designed to eliminate disequilibrium between aggregate demand and supply, which manifests itself in balance-of-payments problems, high inflation rates, and low or falling output.
The Elements of Financial Programming - Module II is on policies leading up to the formulation of a financial program. The main objective of this follow-up course is to provide participants, who have taken the initial course in Financial Programming, the opportunity to undertake an exercise in formulating a financial program for a case study country using the techniques covered in Module I.
Module II consists of lectures and intensive hands-on exercises designed to familiarize participants with: (i) the techniques of projecting the macroeconomic accounts in the context of formulating a financial program; and (ii) the connections between economic policy measures and program objectives.
Learning Objectives: The main objective of the Macroeconomic Accounts and the Elements of Financial Programming course is to acquaint participants with the techniques involved in formulating a financial program.