Thematic Area
Legal and Institutional Frameworks
This curriculum covers a variety of topics including legal aspects of central banking and financial institutions, fiscal and tax law design, and anti-money laundering.
This curriculum covers a variety of topics including legal aspects of central banking and financial institutions, fiscal and tax law design, and anti-money laundering.
ABOUT
These courses offer fundamental knowledge on legal, institutional, financial, and operational features of the International Monetary Fund.
TARGET AUDIENCE
Lawyers and professionals from central banks, ministries of finance and justice, and other agencies with responsible for legal aspects of relations with the IMF.
ILLUSTRATIVE LEARNING PATH
ABOUT
Learners will acquire a solid foundation in the legal underpinnings of the mandate, decision-making structures, autonomy, accountability, transparency, and operations of central banks. The curriculum covers the risk-based approach to AML/CFT regulation and supervision, in line with the international standards for the banking, securities, and insurance sectors. Participants will reflect on selected key issues related to the institutional and legal infrastructure, including tax law design, international financial institutions, and banking supervision frameworks.
TARGET AUDIENCE
Lawyers, legal advisors, or officials from ministries of justice and finance, central banks, tax authorities, supervisory bodies, financial intelligence units, and public sector audit bodies responsible for legal aspects of tax policymaking or tax administration, relations with international financial institutions, bank regulation and supervision, bank resolution, and risk-based approach to AML/CFT supervision of financial institutions.
ILLUSTRATIVE LEARNING PATH
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Foundational Knowledge of Central Bank Law
Objective: Build a solid foundation in the legal underpinnings of the mandate, decision-making structures, autonomy, accountability, transparency, and operations of central banks.
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Risk-Based Approach
Objective: Understand the risk-based approach to AML/CFT regulation and supervision, in line with the international standards for the banking, securities, and insurance sectors.
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Selected Key Issues Related to Prudential Supervision
Objective: Reflect on selected key issues related to the institutional and legal infrastructure, including tax law design, international financial institutions, and banking supervision frameworks.
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ABOUT
This curriculum builds capacities to implement international standards on AML/CFT and to assess legal aspects of debt sustainability and debt restructuring. It focuses on institutional and legal issues related to sound and effective public financial management (PFM) and shares experiences in reform and implementation of corporate and household insolvency law.
TARGET AUDIENCE
Lawyers, legal advisors, and officials from ministries of justice and finance, central banks, financial sector supervisors, and financial intelligence unit officials responsible for legal aspects of combating money laundering, terrorist financing and proliferation financing, public debt–related matters, public financial management issues, and the design or implementation of corporate and household insolvency legislation and related issues.
ILLUSTRATIVE LEARNING PATH
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Legal Aspects of Financial Stability
Objective: Build capacities to implement international standards on AML/CFT and to assess legal aspects of debt sustainability and debt restructuring.
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Focusing on PFM Legal Frameworks
Objective: Focus on institutional and legal issues related to sound and effective PFM, including emerging legal developments, such as gender and climate change.
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Dealing with Insolvency
Objective: Share experiences on corporate and household insolvency law reform and implementation, including enforcement of claims and alternative techniques for the treatment of distressed debt.
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ABOUT
This curriculum offers an overview of strategies and approaches to reduce corruption and enhance the rule of law and insight on assessment of IMF safeguards. Courses focus on legal and institutional aspects and effectiveness of anticorruption frameworks as well as understanding the political economy of corruption. This curriculum complements the IMF’s existing capacity development support of addressing governance weaknesses and strengthening broader governance systems.
TARGET AUDIENCE
Anticorruption agencies; public officials of presidential administrations or prime ministers’ offices; ministries of justice; officials of audit and ethics institutions; and attorneys general offices responsible for setting anticorruption policies and strategies. Central bank officials serving on governance and oversight bodies and/or responsible for accounting, financial reporting, auditing, risk management, internal control, legal operations, or reserve management operations.
ILLUSTRATIVE LEARNING PATH
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Confronting Corruption Objective: Acquire an overview of strategies and approaches to reduce corruption and enhance the rule of law. Focus on legal and institutional aspects and effectiveness of anticorruption frameworks, as well as understanding the political economy of corruption.
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Insight on IMF Safeguards Assessment Objective: Special focus on central bank governance and the importance of independent oversight, transparency, and accountability for improving financial safeguards. Review the concepts underlying autonomy and good governance in central bank legislation.
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