9 Topics
5 Days
45 Sessions
Programme Overview
Training Description
- Economic and financial analysts
- Debt-management professionals
- Development-planning professionals
- Public investment-management professionals
- Public-sector auditors
- Donor-funded programme managers
- International development professionals
- NGO and development-sector finance professionals
- Policy advisors and government consultants
- Senior public-sector executives
Session Objectives
- Understand the core principles of IMF and World Bank financial frameworks. Differentiate and apply key diagnostic tools like PEFA and the Fiscal Transparency Code. Design and implement a robust medium-term fiscal framework (MTFF). Align national budget processes with international best practices. Enhance fiscal transparency and reduce corruption vulnerabilities.
About the Course
Navigating Global Finance: IMF and World Bank Budget Frameworks is a specialized professional training course designed to equip public-sector finance, budget, economic planning, development, and policy professionals with a practical understanding of how IMF and World Bank frameworks influence fiscal planning, public budgeting, expenditure management, financial reforms, and development financing.
The course examines the principles and tools commonly associated with IMF-supported fiscal programmes and World Bank public financial management and development-financing frameworks. Participants will learn how macroeconomic conditions, fiscal policy, debt sustainability, public expenditure priorities, development objectives, and donor requirements interact within national and institutional budgeting processes.
Curriculum & Topics
9 Topics | 45 Sessions
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Workshop 1.1:
The historical evolution of PFM frameworks.
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Workshop 1.2:
The distinct roles and mandates of the IMF and World Bank.
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Workshop 1.3:
How PFM influences macroeconomic stability and development.
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Workshop 1.4:
An overview of the key pillars of modern PFM systems.
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Workshop 1.5:
The connection between PFM and the Sustainable Development Goals (SDGs).
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Workshop 2.1:
The Public Expenditure and Financial Accountability (PEFA) framework.
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Workshop 2.2:
Conducting a PEFA assessment and interpreting the results.
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Workshop 2.3:
The IMF's Fiscal Transparency Code and its four pillars.
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Workshop 2.4:
Using diagnostic findings to inform and prioritize reforms.
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Workshop 2.5:
Common assessment challenges and how to overcome them.
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Workshop 3.1:
Introduction to Medium-Term Fiscal Frameworks (MTFFs).
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Workshop 3.2:
Linking annual budgets to multi-year fiscal objectives.
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Workshop 3.3:
The role of budget narratives and fiscal risk statements.
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Workshop 3.4:
Techniques for strengthening budget comprehensiveness and credibility.
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Workshop 3.5:
Strategies for aligning capital and recurrent expenditures.
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Workshop 4.1:
The World Bank's Public Investment Management (PIM) framework.
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Workshop 4.2:
The process for appraising and selecting public investment projects.
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Workshop 4.3:
Fundamentals of public debt management and fiscal sustainability.
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Workshop 4.4:
Tools for analyzing and mitigating fiscal risks.
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Workshop 4.5:
The role of debt transparency and reporting.
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Workshop 5.1:
Principles of effective tax policy and administration.
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Workshop 5.2:
Strategies for broadening the tax base and improving compliance.
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Workshop 5.3:
The IMF’s Tax Policy and Administration assessment tool.
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Workshop 5.4:
The role of tax expenditures and their fiscal implications.
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Workshop 5.5:
Using technology to modernize revenue collection.
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Workshop 6.1:
Implementing a modern treasury single account (TSA).
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Workshop 6.2:
Strengthening internal controls and expenditure management.
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Workshop 6.3:
The role of Government Finance Statistics (GFS) and the GFSM 2014.
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Workshop 6.4:
Moving from cash-based to accrual-based accounting.
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Workshop 6.5:
Best practices for in-year and end-of-year fiscal reporting.
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Workshop 7.1:
Principles of a transparent and competitive public procurement system.
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Workshop 7.2:
The World Bank's procurement framework and its key guidelines.
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Workshop 7.3:
Using e-procurement platforms to increase efficiency.
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Workshop 7.4:
Strategies for combating corruption and fraud in procurement.
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Workshop 7.5:
The importance of a robust legal and regulatory framework.
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Workshop 8.1:
The role and independence of Supreme Audit Institutions (SAIs).
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Workshop 8.2:
Conducting performance and forensic audits.
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Workshop 8.3:
The role of the legislature in budget oversight.
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Workshop 8.4:
Engaging with civil society and the public for accountability.
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Workshop 8.5:
Responding to audit findings and implementing corrective actions.
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Workshop 9.1:
Developing a strategic PFM reform roadmap.
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Workshop 9.2:
Building political will and managing resistance to change.
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Workshop 9.3:
The importance of a phased, incremental approach to reform.
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Workshop 9.4:
Measuring the impact of reforms and adjusting strategies.
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Workshop 9.5:
Mobilizing technical assistance from international partners.
