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Public Financial Management (PFMx)

Apply online by April 1, 2021

Session No.: OL 20.113

Location: Course conducted online

Date: May 1, 2020 - April 30, 2021 (52 weeks)

Primary Language: English

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    Target Audience

    All government officials and staff from development agencies. The course is particularly relevant for mid-level to senior officials in ministries of finance, treasuries, debt management offices, ministries of economy, or financial planning divisions in line ministries. It is also targeted at officials involved in capacity strengthening functions related to public financial management (PFM). If you are not a government official or staff from a development agency, please register at
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    The training is designed for participants who already have a basic understanding of PFM systems and builds on that knowledge at an intermediate level. Basic understanding of PFM systems would be helpful. Access to a computer with a reliable Internet conn
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    Course Description

    This online course, presented by the IMF Fiscal Affairs Department, provides an overview of PFM systems, institutions, and capacity building in developing and emerging market economies. It focuses on PFM issues in support of macroeconomic stability, inclusive growth, and achievement of the Sustainable Development Goals (SDGs). The training covers a wide range of topics, and treats PFM as an integrated system rather than a collection of specialties. As such, it focuses on PFM priorities, reform objectives and implementation risks. The course is built on conceptual and practical approaches, and includes testimonies from ministers of finance, practitioners, and other stakeholders from many countries.PFMx  requires 40-50 hours of work. It is designed in 5 Parts, requiring about 8 hours of work each. It can be taken entirely at your own pace over a period of one year.If you are not a government official or staff from a development agency, please register at
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    Course Objectives

    Upon completion of this course, participants should be able to: Understand why PFM is an important tool to implement public policies. Describe and analyze the budget cycle, and its main components. Understand a simple medium-term budget framework, a cash management plan, and a public investment management reform strategy. Recognize tools for effective management of fiscal risks, components of fiscal transparency, reliable fiscal reports, and internal and external audits. Identify issues relevant to the prioritization and sequencing of PFM reforms, and the challenges faced in implementing such reforms Recognize how civil society, public participation, and supreme audit institutions keep governments accountable. Appreciate the role of local conditions and political institutions in designing and implementing reforms.
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    Important Note for Online Courses

    For Online Learning (OL) courses, which are delivered through the edX platform, you will need an additional piece of information to register: you will be prompted for your username. If you do not already have a username, please go to and sign up for a free account. Once you have created an account, you may complete the IMF Institute application. If you already have an edX account, your username can be found on the top right of the screen after logging in.

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    Apply Now - Application deadline approaching:

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

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