The official text for "Financial Programming and Policies" (FPP), specifically Part 2: Program Design, is primarily delivered through the International Monetary Fund (IMF) as a structured curriculum rather than a single standalone PDF volume. You can access the core materials, manuals, and program design steps through several official sources. Core Manuals and Full Texts IMF FPP Part 1 Manual : While you requested Part 2, the FPP.1x Manual (PDF) from edX
The Financial Programming and Policies (FPP) Volume 2 (often associated with the IMF's "Program Design" course) is a high-level guide for economists to diagnose macroeconomic imbalances and design correction programs. This volume specifically focuses on forecasting and policy coordination using real-world data, such as the case study of Turkey. 🛠️ The "IMF Economist" Toolkit
- Case studies (e.g., Brazil, Turkey, Ghana, Ukraine) showing how to build consistent macroeconomic projections.
- Step-by-step worksheets to balance the four sector accounts.
- Data tables (in Excel format sometimes) for replication exercises.
- Policy simulation exercises — e.g., “What if the central bank finances a fiscal deficit?”
- Worked solutions to the exercises (often a separate instructor-only document).
The International Monetary Fund's Financial Programming and Policies (FPP) Volume 2 is a specialized curriculum designed to train officials in macroeconomic policy analysis and program design. The course utilizes a seven-step iterative process to create consistent macroeconomic scenarios and design policy adjustments to address economic imbalances. For more information, visit International Monetary Fund | IMF Financial Programming and Policies (FPP)
The manual outlines a standard 7-step iterative process for developing an economic program:
The guide covers various topics, including:
Sectoral Projections: Forecast individual economic sectors under existing policies.
While Volume 1 covers the analysis of individual macroeconomic accounts, Volume 2 shifts toward active policy formulation and forecasting. Baseline Projections
The Monetary Sector: Examines the balance sheets of the central bank and commercial banks.