Connect with IMF Institute

Strengthening Fiscal Institutions and Managing Fiscal Risks (SFR)

Fiscal Policy

This course, presented by the Fiscal Affairs Department, examines the role of fiscal institutions in budget management and in the identification and management of fiscal risks. It discusses key institutions that help governments better understand the types, scale, and probability that the risks confronting them will materialize, and explores how governments can make the necessary institutional arrangements to mitigate many of these risks. It also examines the extent to which identification and quantification of risks can help promote fiscal transparency. The course discusses the Fiscal Affairs Department’s standards and tools related to fiscal institutions and management of fiscal risks, such as the Fiscal Transparency Code, Fiscal Transparency Evaluation, Public Investment Management Assessment (PIMA), PPP-Fiscal Risk Evaluation (P-FRAM) and fiscal stress test, as well as IMF research from the Analyzing and Managing Fiscal Risks paper on identifying, analyzing, and managing fiscal risks.

Read More Topic : Fiscal Policy

    Target Audience

    Mid-level to senior officials in ministries of finance, treasuries, debt management offices, ministries of economy, general accounting offices, and financial planning divisions in line ministries.

    Back to top

    Qualifications

    Participants are expected to have significant experience in fiscal policy, macroeconomics, management of fiscal risks, treasury management, or budgeting.

    Back to top

    Course Objectives

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

    • Describe, explain, and illustrate the main fiscal risks and contingent liabilities related to the formulation of fiscal policies.
    • Describe the role of the main fiscal institutions in managing fiscal risks.
    • Identify the main fiscal risks a country may face. 
    • Prioritize and assess the relevance of each type of fiscal risk.
    • Calculate the impact of the main macroeconomic and other fiscal risks.
    • Prepare a statement of the main fiscal risks.
    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 - Financial Sector Surveillance (FSS)

    English, November 2-6, 2020, Vienna, Austria

    Apply online by September 20, 2020

    Virtual - Financial Development and Financial Inclusion (FDFI)

    English, November 16-27, 2020, Singapore, Singapore

    Apply online by September 21, 2020

    Virtual - Economic Issues in Regional Integration (ERI)

    English (French), October 12-23, 2020, Ebene, Mauritius

    Apply online by September 23, 2020

    Virtual - Fiscal Frameworks (FF)

    English (French), October 26, 2020 - November 6, 2020, Ebene, Mauritius

    Apply online by September 23, 2020

    Virtual - Financial Sector Policies (FSP)

    English (French), November 9-20, 2020, Ebene, Mauritius

    Apply online by September 25, 2020