Disponible en Español

Course on Financial Programming

June 2 - 6, 2025
CEMLA Mexico City, Mexico
Face-to-face format

Organizing Institutions

Center for Latin American Monetary Studies, A. C. (CEMLA)

Content

Topics covered includes, among others, the following: theoretical foundations of a financial program in the context of monetary strategies based on monetary aggregates and inflation targets; process of preparing a financial program; initial diagnosis that includes the preparation of the base scenario; development of core and alternative program scenarios and identification of risk balances; interaction and macroeconomic compatibility of the scenarios of the real, monetary, fiscal, and external sectors; sustainability analysis of internal and external debt; analytical and accounting consistency checks.

Objective

Analyze the theoretical and practical foundations of financial programming understood as a coordinated (monetary and fiscal authorities) and coherent (economic and accounting consistency) short-term macroeconomic plan. Examine the steps for developing a financial program. Carry out a complete financial programming exercise with real data from a country, including diagnosis, preparation of the base and program scenarios, that is, the central and alternative scenarios, identifying risk balances. The exercise considers the interrelationships between the different sectors and the iterative process of projections, the fund flow matrix, and the accounting and analytical compatibility of the exercise.

Aimed at

Central bank professionals responsible for financial programming and those who carry out economic analysis, particularly macroeconomic analysis, as well as those who develop macroeconomic projections.

Coordinator