## Public Financial Management (PFMx) — Training Program Course

## Source details

**Canonical URL:** [Public Financial Management (PFMx) — Training Program Course](https://www.imf.org/en/capacity-development/training/icdtc/courses/pfmx)

## Other formats

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

## Bibliographic details
- Published: July 22, 2025

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## Upcoming offerings

| Start date | End date | Location | Delivery Method | Session No. | Primary & (Interpretation) language | Apply |
| --- | --- | --- | --- | --- | --- | --- |
| May 1, 2026 | April 15, 2027 | Course conducted online | [Online Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods) | [OL 26.190](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2026/pfmxol26-190) | English | [Apply online](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.190E) by April 1, 2027 |

### Overview
- The course provides an overview of PFM systems and institutions, mostly 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), and post-crisis recovery.
- Treats PFM as an integrated system rather than a collection of specialties, focusing on PFM priorities, reform objectives and implementation risks.
- Built on conceptual and practical approaches and includes testimonials from ministers of finance, practitioners, and other stakeholders from many countries.
- Topic: Fiscal Issues

### Target audience
- Anyone with an interest in public finances, budget transparency and government accountability, including government officials, staff from development agencies and civil society organizations.
- Relevant for mid-level to senior officials in ministries of finance, treasuries, debt management offices, and financial divisions in line ministries.
- Designed for those who already have a basic understanding of PFM systems and builds on that knowledge at an intermediate level.

### Qualifications
- Basic understanding of PFM systems would be helpful.

### Course objectives (learning outcomes)
Upon completion of the course, participants should be able to:
- Explain why PFM is an important tool to implement public policies and describe the budget cycle.
- Describe a simple medium-term budget framework, a cash management plan, and a public investment management reform strategy.
- Identify tools for the effective management of fiscal risks and the components of fiscal reporting and transparency.
- Identify challenges in prioritizing PFM reforms and assess the role of local conditions and political institutions on their implementation.
- Explain how civil society, public participation, and supreme audit institutions keep governments accountable.

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## References

- [Online Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [OL 26.190](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2026/pfmxol26-190)
- [Apply online](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.190E)

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