English

Reforming Fuel Subsidies (RFS)

related image
Apply online by March 23, 2018
Course No.: CE 18.16
Location: Kuwait City, Kuwait
Date: May 6, 2018-May 10, 2018 (1 Week)
Language: English (Arabic)

Target Audience:

Mid-level to senior officials at ministries of finance, other ministries, and government agencies involved in setting fuel prices or fuel subsidy policy.

Qualifications:

Participants are expected to have a degree in economics or a related field. Proficiency in Microsoft Excel is desirable.

Course Description:

This course, presented by the IMF Fiscal Affairs Department, explores recent developments in subsidy spending on fuel products, their macroeconomic impact, and the environmental and social implications. Building on country-specific case studies, the course elaborates on key elements of successful reforms, such as measures to protect low-income groups adversely affected by lower subsidies. The course also disseminates tools for measuring subsidies and assessing the distributional impact and alternative fuel pricing mechanisms that can help smooth the transmission of international fuel prices to domestic prices while protecting the budget. Participants may be asked to make presentations on their own country’s experience in setting fuel prices and reforming subsidies.

Course Objectives:

Upon completion of this course, participants should be able to- Explain the different rationales for energy subsidies and how subsidies are measured.- Describe the drawbacks of energy subsidies.- Identify possible barriers to reform of fuel subsidies. - Design an effective reform strategy drawing on lessons from the experiences of other countries.- Use tailored tools to measure fuel subsidies and estimate the impact of a fuel subsidy reform on household welfare in order to inform the design of mitigating measures and guide the choice of alternative fuel pricing mechanisms.

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.