Financial programming and policy

The volume contains a series of workshops designed to introduce readers to the process of formulating a hypothetical macroeconomic and structural adjustment program, which is a central element in the financial programmiing courses offered by the IMF Institute. In addition to elaborating key concepts for the four major sectoral accounts, the workshops are designed to help readers develop step-by-step a reference scenario for Sri Lanka based on the assumption that policies will remain unchanged during the selected program year of 1991. Based on the diagnosis of financial and structural imbalances that emerge from the reference scenario, readers can then elaborate a program scenario for 1991 and the medium term, focusing principally on the macroeconomic aspects of a financial program, but also identifying the main elements of structural reform. The data used in the workshops have been drawn from official sources and the IMF's data banks such as International Financial Statistics; in some instances, the presentation has been adapted to facilitate exposition.