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 whoprovide 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.