Public Financial Management (PFMx)

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Deadline for the application has passed.
Course No.: OL 17.09
Location: Course Conducted Online, United States
Date: October 18, 2017-November 22, 2017 (5 Weeks)
Language: English

Target Audience:

All government officials, including from development agencies, are welcome to register. The course is 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, and officials involved in capacity strengthening functions related to public financial management (PFM). The training is designed for participants with basic understanding of PFM systems and builds on that knowledge.


The training is designed for participants who already have a basic understanding of PFM systems and builds on that knowledge at an intermediate level. Access to a computer with a reliable Internet connection with Google Chrome web browser is essential.

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 rather than a collection of specialties. As such, it focuses on PFM priorities, reform objectives and implementation risks. The course is built on conceptual and practical approaches and includes testimonies from ministers of finance, practitioners, and other stakeholders from many countries.

Course Objectives:

Upon completion of this course, participants should be able to- Understand why PFM is an important tool to implement public policies. - Describe and analyze the budget cycle, and its main components. - Identify the linkages between the components of PFM systems and improved economic and fiscal performance. - Evaluate a simple medium-term budget framework, a cash management plan, and a public investment management reform strategy. - Recognize tools for effective management of fiscal risks, components of fiscal transparency, reliable fiscal reports, and internal and external audits. - Identify issues relevant to the prioritization and sequencing of PFM reforms, and the challenges faced in implementing such reforms - Understand the role of local conditions and political institutions in designing and implementing reforms.

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.