## Virtual Seminar on Public Financial Management for State Finance Secretaries — August 31 – September 4, 2020

## Source details

**Canonical URL:** [Virtual Seminar on Public Financial Management for State Finance Secretaries — August 31 – September 4, 2020](https://www.imf.org/-/media/files/topics/fiscal/fiscal-risks/seminarsdocs/pfmsarttacstatefinancesecretaries-august2020.pdf)

## Other formats

- [Markdown version](/-/media/files/topics/fiscal/fiscal-risks/seminarsdocs/pfmsarttacstatefinancesecretaries-august2020.pdf.md)
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### Program overview and objectives
- The event was organized by the International Monetary Fund Fiscal Affairs Department, the South Asia Regional Training and Technical Assistance Center (SARTTAC), and Lal Bahadur Shastri National Academy of Administration, Mussoorie.
- The seminar ran from August 31 to September 4, 2020, in a virtual format, targeting State Finance Secretaries.
- Core themes included public financial management (PFM) reforms, fiscal transparency and reporting, public investment management, fiscal risk management, and intergovernmental fiscal coordination, with particular focus on challenges posed by COVID-19.

### Day-by-day program and session topics
- Day 1: Monday, August 31
  - 3:30 p.m. – 4:00 p.m.: Preparatory session with participants’ introductions and course overview; Introductory remarks by Prof. Niranjan Kumar Sudhansu (Professor (Economics), LBSNAA).
  - 4:00 p.m. – 4:40 p.m.: L-1 Emerging Trends in Public Financial Management — Mr. Sailendra Pattanayak (Deputy Division Chief, IMF FAD).
  - 4:40 p.m. – 5:10 p.m.: L-2 Enhancing Fiscal Transparency and Reporting in India incl FTE tool — Mr. Fabien Gonguet (Economist, IMF FAD).
  - 5:20 p.m. – 6:00 p.m.: L-3 Public Investment Management and IMF’s PIMA and PFRAM tools — Ms. Celeste Kubasta and Mr. Raju Sharan (PFM Advisors, IMF SARTTAC).

- Day 2: Tuesday, September 1
  - 3:30 p.m. – 4:00 p.m.: Opening session; Introductory remarks by Dr. Sanjeev Chopra (Director, LBSNAA), Mr. Sukhwinder Singh (Director, IMF SARTTAC), and Mr. Vitor Gaspar (Director, IMF FAD).
  - 4:00 p.m. – 5:00 p.m.: L-4 How Covid-19 changed the global economy — Ms. Gita Gopinath (Economic Counsellor and Director of Research, IMF). Moderator: Ms. Teresa Rose Curristine (Deputy Division Chief, IMF FAD).
  - 5:10 p.m. – 6:10 p.m.: L-5 Impact of COVID on fiscal policy in India — Mr. Ranil Salgado (IMF Mission Chief for India).

- Day 3: Wednesday, September 2
  - 4:00 p.m. – 5:00 p.m.: L-6 Fiscal policy in India in the time of COVID-19 — Mr. Vitor Gaspar (Director, IMF FAD). Moderator: Mr. Fabien Gonguet (Economist, IMF FAD).
  - 5:15 p.m. – 6:30 p.m.: L-7 UK experience in fiscal policy and managing risks from COVID policies — Mr. Tom Joseph (Director, Fiscal, HM Treasury, UK). Moderator: Ms. Lesley Fisher (Senior Economist, IMF FAD).

- Day 4: Thursday, September 3
  - 4:00 p.m. – 4:30 p.m.: L-8 Fiscal Risk Management (Internal practice and perspectives of Indian States) — Ms. Lesley Fisher (Senior Economist, IMF FAD).
  - 4:30 p.m. – 4:50 p.m.: L-9 Fiscal Risk Management in Odisha — Mr. Ashok Meena (Principal Secretary, Finance Department, Government of Odisha).
  - 5:00 p.m. – 6:00 p.m.: P-1 Panel Discussion: Managing fiscal risks during COVID-19 (Chair: Ms. Manal Fouad, Division Chief, IMF FAD). Panelists: Mr. Tom Joseph; Mr. Prabodh Saxena (Additional Chief Secretary, Finance Department, Government of Himachal Pradesh); Mr. Ashok Meena; Mr. Manoj Govil (Principal Secretary, Finance Department, Government of Madhya Pradesh).

- Day 5: Friday, September 4
  - 4:00 p.m. – 5:30 p.m.: P-2 Panel Discussion: Intergovernmental Fiscal Coordination challenges (Chair: Mr. Luis Breuer, Senior Resident Representative for India, IMF). Panelists: Dr. T. V. Somanathan (Secretary (Expenditure), Department of Expenditure, Ministry of Finance); Mr. Anoop Singh (Member, 15th Finance Commission); Mr. S. Krishnan (Additional Chief Secretary, Government of Tamil Nadu); Mr. Samir Sinha (Principal Secretary, Finance Department, Government of Assam); Mr. T. K. Rajan (Chief General Manager, Internal Debt Management Department, Reserve Bank of India).
  - 5:30 p.m. – 6:00 p.m.: Evaluation and Closing ceremony — Mr. Raju Sharan (PFM Advisor, SARTTAC).

### Key thematic emphases and tools highlighted
- Fiscal transparency and reporting, including the FTE tool.
- Public Investment Management, with emphasis on IMF tools PIMA and PFRAM.
- Analysis of COVID-19 impacts at global and India-specific levels, encompassing macroeconomic changes and fiscal policy responses.
- Fiscal risk management practices and state-level perspectives, with a case presentation from Odisha.
- Intergovernmental fiscal coordination challenges involving central and state authorities and debt management considerations.

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_Source: https://www.imf.org/-/media/files/topics/fiscal/fiscal-risks/seminarsdocs/pfmsarttacstatefinancesecretaries-august2020.pdf_