Connect with IMF Institute

Fiscal Frameworks (FF)

Fiscal Frameworks

This course, presented by the Institute for Capacity Development, starts by reviewing the role of government and the objectives of fiscal policy; revisits essential macrofiscal tools and methodologies; and identifies a country’s fiscal framework as the set of institutions that design and conduct fiscal policy. The course stresses the need for high-quality information, transparency, and responsibility in order to hold governments accountable for their medium- to long-term fiscal objectives. The course concludes with thematic presentations by participants.

Read More Topic : Fiscal Policy

    Target Audience

    Junior to mid-level government officials in ministries of economy, planning, and finance, treasuries, central banks, independent fiscal agencies, and other agencies involved in the analysis, design, conduct, and assessment of fiscal policy.

    Back to top

    Qualifications

    Participants are expected to have a degree in economics or finance or equivalent work experience, good quantitative skills, and proficiency in the use of computers to analyze data. It is strongly recommended that applicants have completed the Financial Programming and Policies (FPP) and the Fiscal Policy Analysis (FPA) course before enrolling in this course. Familiarity with Microsoft Excel is essential as many workshops are conducted in Excel.

    Back to top

    Course Objectives

    Upon completion of this course, participants should be able to:

    • Describe recently introduced institutions to enhance fiscal policy effectiveness.
    • Critically assess the quality of data for fiscal policy.
    • Design fiscal rules for specific national problems.
    • Use an in-year tool to monitor fiscal performance.
    • Contribute to building a medium-term budget (for consolidation or stimulus) while limiting recession risks and respecting sustainability.
    Back to top

    Syllabus

    This course starts with essential concepts to measure and analyze fiscal policy consistency and effectiveness, then moves to the study of fiscal frameworks as best practices devised to foster fiscal discipline (including fiscal rules and fiscal councils to promote transparency and accountability). Discipline in fiscal policy is essential to achieve macroeconomic stability and minimize the risk of unsustainable dynamics that hamper long-term adequate and inclusive growth.
    Back to top

    Upcoming Offering

    Start date End date Location Session No. Primary & (Interpretation) language Apply
    July 26, 2021 August 6, 2021 Ebene, Mauritius AT 21.23V English (French, Portuguese) Deadline passed
    August 2, 2021 August 13, 2021 New Delhi, India SA 21.27V English Apply online by July 23, 2021
    April 4, 2022 April 15, 2022 Singapore, Singapore ST 22.14 English Apply online by November 5, 2021
    Back to top

    Videos

    Introduction to Fiscal Frameworks course

    by Francesco Luna
    Back to top

    Apply Now - Application deadline approaching:

    IMF offers online training to government officials and public. Click Learn more to find our current offerings.

    Virtual : Fiscal Frameworks (FF)

    English, August 2-13, 2021, New Delhi, India

    Apply online by July 23, 2021

    Virtual : Monetary Policy (MP)

    English (French, Portuguese), August 30, 2021 - September 10, 2021, Ebene, Mauritius

    Apply online by July 23, 2021

    Virtual : External Debt Statistics

    French (English, Portuguese), July 19-23, 2021, Ebene, Mauritius

    Apply online by July 23, 2021

    Foundations of Central Bank Law (FCBLx)

    English, May 1, 2021 - August 31, 2021, Course conducted online

    Apply online by July 24, 2021

    Virtual : Monetary Policy (MP)

    English, September 20, 2021 - October 1, 2021, Singapore, Singapore

    Apply online by July 26, 2021