• Length:
    8 Weeks
  • Effort:
    4–6 hours per week
  • Price:

    FREE
    Add a Verified Certificate for $25 USD

  • Institution
  • Subject:
  • Level:
    Intermediate
  • Language:
    English
  • Video Transcript:
    English

Prerequisites

Some knowledge of macroeconomics is desirable.

About this course

Skip About this course
This IMFx course is designed to strengthen participants' abilities to assess why Public Financial Management (PFM) is important; and how it supports macroeconomic stability, economic growth, and the achievement of the Sustainable Development Goals.

Presented by staff of the International Monetary Fund who provide advice to countries on their PFM institutions and reform plans, the course provides a practitioner's view to PFM starting with what PFM is, and why it is important. Over five parts, the course modules cover all stages of the budget cycle, and discuss key concepts from budget preparation, to government accountability in budget execution, and reform implementation.

You will explore these topics through video lectures, relevant readings, and testimonies from senior policy-makers and civil society. During the lectures, presenters will use examples from countries at different stages of economic development.

Throughout the course, you will have the opportunity to engage with fellow participants from around the world, and with course staff through the discussion forum. Assessments in each course module will test your understanding of key concepts, allowing you to track the progress of your understanding. A case study at the end of the course brings together the different aspects of how governments should manage their money, and deliver public services.

This course is offered by the IMF, with financial support from the United States Agency for International Development (USAID).

The IMF’s online learning program receives financial support from the Government of Japan.

What you'll learn

Skip What you'll learn
  • Why PFM is an important tool to implement public policies.
  • How to describe and analyze the budget cycle, and its main components.
  • How PFM systems contribute to improved fiscal performance.
  • The benefits of fiscal transparency, fiscal reporting, and management of fiscal risks.
  • How civil society, public participation and supreme audit institutions keep governments accountable.
  • The importance of prioritization and sequencing PFM reforms, and the roles of political institutions and country context.

Pursue a Verified Certificate to highlight the knowledge and skills you gain $25.00

View a PDF of a sample edX certificate
  • Official and Verified

    Receive an instructor-signed certificate with the institution's logo to verify your achievement and increase your job prospects

  • Easily Shareable

    Add the certificate to your CV or resume, or post it directly on LinkedIn

  • Proven Motivator

    Give yourself an additional incentive to complete the course

  • Support our Mission

    EdX, a non-profit, relies on verified certificates to help fund free education for everyone globally