IMF | SARTTAC

Target Audience

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

Qualifications

Participants are expected to have a degree in economics or equivalent experience, along with proficiency in the use of spreadsheets. Participants are strongly recommended to complete the online FPP.1x and FFP.2x courses prior to enrolling in this course.

Course Description

This course, presented by the IMF's Institute for Capacity Development, aims at teaching participants 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/financial) and the interrelations among them, highlighting both accounting and behavioral relationships, 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 economic projections under the assumption of unchanged policies.

• • Identify economic vulnerabilities and risks under a baseline scenario and policy measures to address them.

• • Prepare an adjustment scenario which reflects these policy measures and their macro impacts.

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