Public Financial Management (PFMx)

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Deadline for the application has passed.
Course No.: OL 18.119
Location: Course Conducted Online, United States
Date: May 9, 2018-July 4, 2018 (8 Weeks)
Language: English

Target Audience:

All government officials, and development agencies, are welcome to register. The course is particularly relevant for mid- to senior-level officials in ministries of finance, treasuries, debt management offices, ministries of economy, or financial planning divisions in line ministries. It is also targeted at officials involved in capacity strengthening functions related to public financial management (PFM). Sponsor information is not required for this online course.


The training is designed for participants who have a basic understanding of PFM systems and builds on that knowledge at an intermediate level. Basic understanding of PFM systems would be helpful. Access to a computer with a reliable Internet connection and Google Chrome web browser is essential. TOEFL score is not required for this online course.

Course Description:

This online course, presented by the IMF Fiscal Affairs Department, provides an overview of PFM systems, institutions, and capacity building in developing and emerging market economies. It focuses on PFM issues from the IMF's perspective, in support of macroeconomic stability, economic growth, and achievement of the Sustainable Development Goals (SDGs). The training covers a wide range of topics, and treats PFM as an integrated system. As such, it focuses on PFM priorities, reform objectives and implementation risks. The course takes conceptual and practical approaches and includes testimonies from ministers of finance, practitioners, and civil society.

This is a self-paced course over 8 weeks, with a total workload of 40-50 hours. Please watch the course introductory video.


Course Objectives:

In this course, participants will learn:

  • Why PFM is an important tool to implement public policies.
  • How to describe and analyze the budget cycle, and its main components.
  • How PFM systems contribute to improved fiscal performance.
  • The benefits of fiscal transparency, fiscal reporting, and management of fiscal risks.
  • How civil society, public participation and supreme audit institutions keep governments accountable.
  • The importance of prioritization and sequencing PFM reforms; and the roles of political institutions and country context.

Important Note for Online Courses:

For Online Learning (OL) courses, which are delivered through the edX platform, you will need an additional piece of information to register: you will be prompted for your edX.org username. If you do not already have a username, please go to https://courses.edx.org/register and sign up for a free account. Once you have created an account, you may complete the IMF Institute application. If you already have an edX account, your username can be found on the top right of the screen after logging in.

Important Note for Internal Economics Training Courses:

Internal Economics Training (IT) courses are self-financed. The IMF will not charge officials for attending courses. However, all travel, insurance, hotel, and living costs will need to be covered by the agency sponsoring the participants.