Public Investment (PI)

Deadline for the application has passed.
Course No.: SA 17.19
Location: New Delhi, India
Date: December 4, 2017-December 7, 2017 (1 Week)
Language: English

Target Audience:

This course is intended to help government officials meet the challenges of financing public infrastructure needs within a sound fiscal framework.


The course is designed for senior-level officials from ministries (e.g., finance, economy, planning) and central banks, who provide policy advice and are involved in fiscal policy formulation related to public investment planning.

Course Description:

The course comprises two main parts:

Public Investment: This part will analyze public investment decisions from a macrofiscal perspective, focusing on the relationship between public investment, fiscal sustainability, and growth. It then discusses options for strengthening public investment, while safeguarding macrofiscal stability and debt sustainability. In this context, it reviews different recent country experiences, and discusses how strengthening the overall framework for public investment planning and execution could improve the quality of public investment. Similarly, it discusses some institutional aspects of  investment or capital budgeting, and explores links between the overall budget envelope, recurrent and investment spending, including in a medium term framework.

Public-private partnerships (PPPs): This part reviews key characteristics of PPPs as an alternative to direct public investment. In this context, it discusses the economics of PPPs, emphasizing issues related to economic efficiency and fiscal risks. Country experiences are used to analyze the importance of strong regulatory and institutional framework for PPPs. Key challenges of developing internationally accepted accounting and reporting standards for PPPs are also discussed.

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.