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Legal Courses

Public Financial Management Legal Frameworks (LFPFM)

Apply online by July 14, 2024

Session No.: JV 24.33

Location: Vienna, Austria

Date: October 14-18, 2024 (1 week)

Delivery Method: In-person Training

Primary Language: English

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    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.

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    Qualifications

    Participants are expected to have five years of relevant work experience, good knowledge of legal issues pertaining to public financial management, and preferably with an advanced law degree. Attendance is by invitation only. Prerequisites are specifiedin the nomination request letters.

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    Course Description

    This course, presented by the Legal Department, covers institutional and legal issues related to sound and effective public financial management. Among the topics covered are: the legal foundations and governance-related aspects of budget formulation, preparation, and execution; fiscal rules and institutions; public debt management and transparency; and fiscal governance of state-owned enterprises, public investment management, and sovereign wealth funds.

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    Course Objectives

    Upon completion of this 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.
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