## Public Financial Management Legal Frameworks (LFPFM)

## Source details

**Canonical URL:** [Public Financial Management Legal Frameworks (LFPFM)](https://www.imf.org/en/capacity-development/training/icdtc/courses/lfpfm)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/courses/lfpfm/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/courses/lfpfm/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/courses/lfpfm/bundle-manifest.json)

## 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)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/fpcce26-16)
- [Institutional Sector Accounts-Advanced - Blended (ISA-A)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/hq/2027/isa-ahq27-02)
- [Core Elements of Banking Supervision (CBS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2027/cbsat27-10)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/courses/lfpfm_