Public Financial Management Legal Frameworks (LFPFM)

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Public Financial Management Legal Frameworks (LFPFM)

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Bibliographic details

• Published: July 22, 2025

Scope and topics covered

• The course covers institutional and legal issues related to sound and effective public financial management.
• Selected topics include:
  • The legal foundations and governance-related aspects of budget formulation, preparation, and execution.
  • Fiscal rules and institutions.
  • Public debt management and transparency.
  • Fiscal governance of state-owned enterprises.
  • Public investment management.
  • Public-private partnerships.
  • Sovereign wealth funds.
• The course takes into account emerging legal developments relevant to public financial management, such as gender and climate change.

Target audience and qualifications

• Target audience:
  • Lawyers from ministries of finance, line ministries, central banks, state audit bodies, state-owned enterprises, sovereign wealth funds, and attorneys-general offices who deal with public financial management issues.
  • The course is designed for heads of legal departments and senior counsels.
• Qualifications:
  • Participants are expected to have five years of relevant work experience.
  • Participants should have good knowledge of legal issues pertaining to public financial management.
  • An advanced law degree is preferred.

Learning objectives

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

• Identify sound practices for addressing public financial management legal issues.
• Identify legal design approaches that have proven effective, based on cross-jurisdictional experiences shared by presenters and fellow participants.
• Analyze and assess domestic public financial management legislation against international good practices.
• Develop and formulate recommendations on how to reform public financial management legislation to align it to international good practices.
• Explain to stakeholders proposed amendments to public financial management legislation and defend those proposals in discussions and consultation procedures with stakeholders.

Related IMF training offerings (examples)

• Executive Training 2 on Fiscal Policy Considerations (FPA)
  • English | November 29, 2026 - December 3, 2026 | In-person Training | Kuwait City, Kuwait
• Institutional Sector Accounts-Advanced - Blended (ISA-A)
  • English | February 1-12, 2027 | Blended Training | Washington, D.C., United States
• Core Elements of Banking Supervision (CBS)
  • English (French, Portuguese) | January 18-29, 2027 | In-person Training | Ebene, Mauritius

References

• Executive Training 2 on Fiscal Policy Considerations (FPA)
• Institutional Sector Accounts-Advanced - Blended (ISA-A)
• Core Elements of Banking Supervision (CBS)