Training Program
Understanding, Assessing and Managing Fiscal Risks (UAMFR)

This course discusses key institutions that help governments better understand, monitor, and manage risks to public finances. It provides an overview of the key sources of fiscal risks, approaches to analyzing and mitigating them, and institutional arrangements for dealing with them. It provides an overview of the IMF's Fiscal Risk Toolkit, which comprises a range of practical Excel-based tools to assist countries in analyzing and quantifying their fiscal risk exposures, as well as training on the application of selected tools in the Toolkit. The course also discusses standards for reporting and disclosing fiscal risks - as prescribed in the IMF's Fiscal Transparency Code.
Target Audience
Mid- to senior-level officials in ministries of finance and economy, treasuries and debt management offices, or other government offices involved in assessing and managing fiscal risks.
Qualifications
Participants are expected to have relevant experience in fiscal policy, budgeting, treasury, and debt management, or fiscal risk management and have knowledge of Excel.
Course Objectives
Upon completion of this course, participants should be able to:
¿ Define fiscal risks and contingent liabilities and identify their key characteristics.
¿ Identify the main fiscal risks a country may face and assess and prioritize these risks according to their relevance.
¿ Understand some of the techniques and approaches used to assess macro-fiscal and risks from specific sources such as government loan guarantees, state-owned enterprises, and public-private partnerships.
¿ Identify institutional arrangements that support effective fiscal risk monitoring and management.
¿ Prepare a fiscal risk statement.
Upcoming Offering
| Start date | End date | Location | Delivery Method | Session No. | Primary & (Interpretation) language | Apply |
|---|---|---|---|---|---|---|
| April 27, 2026 | May 1, 2026 | Vienna, Austria | In-person Training | JV 26.12 | English (Russian) | Apply online by January 25, 2026 |
Financial Sector Surveillance (FSS)
English | March 16-27, 2026 | In-person Training | Vienna, Austria
Apply online by December 14, 2025
Macroeconometric Forecasting and Analysis (MFA)
English | March 23, 2026 - April 3, 2026 | In-person Training | Vienna, Austria
Apply online by December 15, 2025
Medium-Term Debt Management Strategy (MTDSx)
Russian | September 1, 2025 - December 31, 2025 | Online Training | Course conducted online
Apply online by December 15, 2025
Model-Based Monetary Policy Analysis and Forecasting (MPAFx)
English | September 1, 2025 - December 31, 2025 | Online Training | Course conducted online
Apply online by December 15, 2025
Introduction to Financial Programming and Policies
English | September 1, 2025 - December 31, 2025 | Online Training | Course conducted online
Apply online by December 15, 2025


