## Public Financial Management (PFMx)

## Source details

**Canonical URL:** [Public Financial Management (PFMx)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2023/pfmxol23-161)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/ol/2023/pfmxol23-161/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/ol/2023/pfmxol23-161/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/ol/2023/pfmxol23-161/bundle-manifest.json)

## Bibliographic details
- Session: OL 23.161
- Location: Course conducted online
- Dates: May 1, 2023 - April 15, 2024 (50 weeks)
- Delivery method: Online Training
- Primary language: English
- Status: Deadline passed

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### Program overview
- Session No.: OL 23.161
- Location: Course conducted online
- Date: May 1, 2023 - April 15, 2024 (50 weeks)
- Delivery Method: Online Training
- Primary Language: English
- Deadline passed

### Target audience and entry requirements
- Target Audience:
  - All government officials and staff from development agencies.
  - 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.
  - Targeted at officials involved in capacity strengthening functions related to public financial management (PFM).
  - Non-government officials or non-development agency staff are directed to register at edX.org.
- Qualifications / prerequisites:
  - 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 connection and a Google Chrome web browser is essential.

### Course description and scope
- Provider: Fiscal Affairs Department.
- Focus:
  - Overview of PFM systems, institutions, and capacity building in developing and emerging market economies.
  - PFM issues in support of macroeconomic stability, inclusive growth, achievement of the Sustainable Development Goals (SDGs), and post-crisis recovery.
- Approach:
  - Treats PFM as an integrated system rather than a collection of specialties.
  - Emphasizes PFM priorities, reform objectives, and implementation risks.
  - Built on conceptual and practical approaches.
  - Includes testimonials from ministers of finance, practitioners, and other stakeholders from many countries.

### Learning objectives
Upon completion of the course, participants should be able to:
- Explain why PFM is an important tool to implement public policies.
- Describe and analyze the budget cycle and its main components.
- 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, 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.
- Explain how civil society, public participation, and supreme audit institutions keep governments accountable.
- Describe the role of local conditions and political institutions in designing and implementing reforms.

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## References

- [Online Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Core Elements of Banking Supervision (CBS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2027/cbsat27-10)
- [Advanced Government Finance Statistics (GFS-A)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/gfs-ace26-45)
- [Fiscal Sustainability (FS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/fsce26-38)
- [Safeguards Assessments of Central Banks (SAC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/sacat26-30)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2023/pfmxol23-161_