IMF | STI

Details

Start: 
Mar 28, 2022

End:
Apr 1, 2022

Course Number:
ST22.08V

Application Deadline

Jan 17, 2022

Virtual : Public Financial Management Legal Frameworks (LFPFM)

March 28 - April 1

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; participants are expected to have a good understanding of the main legal issues pertaining to public financial management.

Qualifications

Participants are expected to have five years of relevant work experience, good knowledge of public financial management, and preferably an advanced law degree. Attendance is by invitation only. Prerequisites are specified in the nomination request letters.

Course Description

This course, presented by the Legal Department, covers institutional and legal issues related to sound and effective public financial management. Among the topics covered are: the legal foundations and governance-related aspects of budget formulation, preparation, and execution; fiscal rules and institutions; public debt management; and fiscal oversight of state-owned enterprises, public investment management, and sovereign wealth funds.

Course Objectives

Upon completion of this course, participants should be able to:

• Identify best practices for addressing public financial management 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 modify public financial management legislation through law reform 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.