I N T E R N A T I O N A L

M O N E T A R Y

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ENGLISH

201 3 TRAINING CATALOG

IMF INSTITUTE
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FOR CAPACITY DEVELOPMENT Training Catalog 2013 | page 1

Contents
Director’s Message . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Introduction and User Guide . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Headquarters and Regional Training Centers Overviews . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
IMF Headquarters (HQ) in Washington, D.C. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Internal Economics Training . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Distance Learning (DL) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Joint Regional Training Center for Latin America in Brazil (BTC) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 IMF-Middle East Center for Economics and Finance (CEF) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Joint China-IMF Training Program (CTP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Joint India-IMF Training Program (ITP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Joint Partnership for Africa (JPA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Joint Vienna Institute (JVI) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 IMF-Singapore Regional Training Institute (STI) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Other Training (OT) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

Course Topics and Target Audience Table . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Course Descriptions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
Specialized Fiscal Courses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Fiscal Institutions and Fiscal Discipline (FIFD) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Implementing Full Taxpayer Self-Assessment (ITSA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Managing Taxpayer Compliance in a Self-Assessment Environment (TCSA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Medium-Term Budgetary Frameworks, Fiscal Rules and Fiscal Councils— Options to Ensure Fiscal Sustainability (MTBF) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Reforming Fuel Subsidies (RFS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 Treasury Management (TM) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 Safeguard Assessments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 Safeguards Assessments of Central Banks (SAC) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 Forecasting and Macroeconomic Modeling . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 Macroeconomic Forecasting (MF) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 Macro-Fiscal Modeling and Analysis (MFMA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 The Use of DSGE Models in the Policymaking Process (DSGE) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 Financial Sector Issues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 Banking Supervision (BSO) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 Core Elements of Banking Supervision (CBS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 Economic and Monetary Integration (EMI) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 Economic Policies for Financial Stability (EFS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 Effective Public Debt Management Strategies in a World of Sovereign Assets (SALM) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 Finance for Macroeconomists (FME) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 Financial Market Analysis (FMA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 Financial Markets and New Financial Instruments (FMN) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 Financial Stability, Systemic Risk, and Macro-Prudential Policy (FSMP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 Macro-Financial Surveillance (MS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 Macro-Prudential Policies (MPP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 Macro-Stress Testing (MST) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 Monetary Operations and Liquidity Management (MOLM) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 Mortgage Markets and Financial Stability (MSF) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 Selected Issues in the Evolving Financial Regulatory Framework (FRF) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 Sovereign Liability and Risk Management – Principles and Practices (SLRM) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 Financial Programming and Policies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 Financial Programming and Policies (FPP) (Four-week FPP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 Financial Programming and Policies (FPP) (Two-week FPP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33

Financial Programming and Policies-Inflation Targeting (FPP-IT) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 Financial Programming and Policies Through Distance Learning (FPP-DL) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 Macroeconomic Policies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 External Vulnerabilities and Policies (EXV) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 External Vulnerabilities—Early Warning Exercise (EXV-EWE) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 Macroeconomic Diagnostics (MDS) (Four- and two-week) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 Macroeconomic Implications of Fiscal Issues (MIF) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 Macroeconomic Management and Debt Issues (MDI) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 Monetary and Exchange Rate Policy (MERP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 Macroeconomic Management and Financial Sector Issues (MMF) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 Macroeconomic Management and Fiscal Policy (MFP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 Macroeconomic Management and Fiscal Policy (MFP) (Two-week MFP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39 Macroeconomic Management and Natural Resource Management (MMNR) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39 Macroeconomic Management for Senior Officials (MMSO) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39 Monetary Policy Analysis (MPA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 Legal Issues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 AML/CFT Methodology for the New Standard (AML) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 Central Banking and Financial Sector Legal Frameworks (FLF/FSLF) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 Legal Aspects of International Financial Institutions (LAIF) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 Workshop on Corporate and Household Insolvency (CHI) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 Macroeconomic Statistics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 Balance of Payments Statistics (BPS) (Six-week BPS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 Balance of Payments Statistics (BPS) (Two-week BPS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42 Balance Sheets and Accumulation Accounts (BSAA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42 External Debt Statistics (EDS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43 Financial Soundness Indicators (FSI) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43 Government Finance Statistics (GFS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43 Linkages between the Government Finance Statistics Manual and the System of National Accounts (SNA-GFS): . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44 Introductory Course on Monetary and Financial Statistics (MFS-I) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44 Monetary and Financial Statistics (MFS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44 Advanced Course on Monetary and Financial Statistics (MFS-A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 National Accounts Statistics (NAS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 Price Statistics (PRS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46 Public Sector Debt Statistics Workshop (PDS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46 Quarterly National Accounts (QNA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46 Reserve Statistics (RSS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47 The System of Macroeconomic Accounts Statistics and the Linkages (LMS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47

Administrative Arrangements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48
Application Process (HQ, DL, JVI, and STI) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49 Application Requirements (HQ, DL, JVI, and STI) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49 Selection Process (HQ, DL, JVI, and STI) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49 Eligibility Criteria Relating to Previous Course Attendance (HQ, DL, JVI, and STI) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 Travel to Washington and Administrative Arrangements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 Travel to Vienna and Administrative Arrangements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51 Travel to Singapore and Administrative Arrangements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51 Arrangements for BTC, CEF, CTP, ITP, and JPA. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52 Moodle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53 The IMF’s Institute for Capacity Development — Going Green! . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53

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Director’s Message
It is my pleasure to present the training catalog of the IMF’s Institute for Capacity Development. This expanded name
Sharmini Coorey

for the “IMF Institute,” which many of you know from the courses you have taken in Washington and elsewhere, reflects some exciting changes to its mandate. In addition to its core training responsibilities, the Institute has recently been charged with developing a strategy for the Fund’s capacity building activities, coordinating the provision of technical assistance (TA) and training across IMF departments and building stronger partnerships with our donors. The aim is to ensure that these activities are driven by member country needs, are focused on the Fund’s core mandate, and are integrated with its surveillance and program work.

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In this vein, and in order to increase the flexibility with which we can respond to new challenges and training needs in our member countries, we have made some changes to the format of the catalog. In what follows you will continue to find descriptions of the current curriculum, along with valuable information about our regional training centers and general administrative arrangements. The exact schedule of courses will now be published only online, where all courses will be posted as they are scheduled and changes and additions will be reflected quickly: please visit www.imf.org/institute often for details. The course offerings will continue to reflect our efforts to respond to changing economic policy priorities and the evolution of thinking in the economics profession. A constant dialogue with our member countries—through the various departments of the Fund, the steering committees of the regional training and technical assistance centers, and high-level seminars—helps us to keep the curriculum relevant to the needs of country officials. Most recently, these discussions have informed the development of a new course on regional economic and monetary integration. In all areas, we strive to build bridges between economic theory and the practical business of formulating and implementing sound economic policies. We continue to be gratified and motivated by the engagement and enthusiasm of participants, and by the positive feedback from them and the institutions that sponsor them. In particular, we thank all the

agencies that participated in the triennial survey conducted for us by an independent research firm to find out how well our training has met their needs and how we might better meet needs in the future. We are pleased by the high participation rate in the survey and to learn that fully 98 percent of respondents were satisfied with the training received during 2009–11, with 77 percent expressing “strong” satisfaction—the highest percentage reported since these surveys were initiated in 1995. We are confident that the 2013 course offerings will again meet the high standards that our member countries have come to expect. Finally and importantly, I wish to express our gratitude to the member countries that provide generous financial support to the IMF’s capacity development efforts, including technical assistance and the Institute training program. Without this support, we would not be able to expand our capacity development activities to meet the rising demand in member countries as they face critical economic policy challenges in an increasingly globalized world.

Sharmini Coorey Director, Institute for Capacity Development International Monetary Fund

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including an array of specialized courses by the Finance. it also administers the courses delivered at the IMF’s training centers by other IMF departments. Fiscal Affairs. The selected courses are given multiple times and at different training centers. Monetary and Capital Markets. Together with the regional training centers. as well as those by the Institute.Introduction and User Guide Capacity development is a core mandate of the International Monetary Fund (IMF). and Statistics Departments of the IMF. page 4 | . Legal. The curriculum offers training on a wide range of topics on which the IMF has expertise. The IMF’s Institute for Capacity Development (Institute) organizes the training courses described in this catalog and delivers much of the training itself.

it should be noted that courses previously offered under different names at different training centers have now been given a common title. and its regional training centers.org/institute and under each regional training center website. and information on administrative arrangements for participants.org/institute) and the websites of the regional training centers. USER GUIDE Headquarters Training and Regional Training Center Overviews This section describes each of the Institute’s principal training locations: the IMF’s Washington Headquarters and the regional training centers. Information is also provided on arrangements for officials selected to participate in courses on such matters as travel. but does not replace. www. and structure. The catalog no longer includes a schedule of the courses. the catalogs issued by the regional training centers. Fluency in the language of instruction (or the language in which interpretation is provided) is a prerequisite for all courses. accommodations.imf. In addition to outlining course objectives. which is indicated on the online course schedules.imf. Deadline for Courses by Application: For the latest schedule of courses and the deadlines for course by application. Note also that this catalog supplements. Some courses will have interpretation in a second language. arranged by course topic.org/institute. and provides contact information. describes how to access the center’s website and apply for courses (where relevant). The Target Audience column recommends which officials would benefit most from the course. each course description identifies the target audience for the course. D. both by providing additional training capacity and venues for cost effective delivery of relatively short and specialized courses. C. For the current schedule of courses: www. Administrative Arrangements: This section provides information on application and nomination procedures and the selection process for admission to courses. The expansion of regional training centers has greatly facilitated this effort. For each center it lists the countries that are eligible to receive training. It includes overviews for each of the IMF’s training centers and other training venues.imf. For the current schedule Institute’s website (www. The Institute training program continues to adapt existing courses and develop new ones to stay attuned to the evolving needs of officials from the IMF’s member countries and to keep abreast with developments at the frontier of economic analysis. Because longer courses draw on the expertise of many staff from the Institute and other IMF departments they are offered at HQ. and health insurance. where all courses are posted as they are scheduled and changes and additions can be reflected quickly. contents.org/institute Training Catalog 2013 page 5 | . Schedules: Course schedules can be found in the Institute’s website: www. Course Descriptions: This section provides standardized descriptions for the planned courses in the curriculum.This catalog provides an overview of the type of training that the IMF offers to member country officials at its Headquarters in Washington. Course Topics and Target Audience Table: This section has a Table of Topics and Target Audience for an easy to follow presentation of the major topics covered in the courses offered. it is generally impractical to offer them at the regional training centers. In using this catalog.imf. please check www. it is published online.org/institute.imf. as well as any prerequisite qualifications for those attending.

Headquarters and Regional Training Centers Overviews This section provides an overview of the Institute’s training programs at its Washington Headquarters and each of its regional training centers (RTCs). This catalog does not provide information on IMF training that is not delivered or coordinated by the Institute or on training at the RTCs by other organizations. The course descriptions are listed based on the course topics breakdown table. and provides relevant information on websites and training center contacts. describes the process of selecting course participants. Course descriptions are provided in subsequent sections of the catalog. page 6 | . For each location it indicates which countries are eligible for IMF training.

DC 20431 U. www. D.org/institute. Invitation: For courses by invitation. Training Operations Division Address: Institute for Capacity Development International Monetary Fund 700 19th Street.org/ins/ solicitud for Spanish courses. 1Online applications for Arabic courses must be submitted in English.C. and Spanish. Much of the HQ curriculum is devoted to long courses that involve many IMF staff and would be impractical to offer at the RTCs. Telephone: +1 (202) 623-6660 +1 (202) 623-6490 Fax: icdtas@imf. is offered in four languages—Arabic.HQ IMF Headquarters (HQ) in Washington. candidates are nominated by government agencies of targeted countries upon the request of the responsible IMF department. the courses on Macroeconomic Diagnostics.imf. Macroeconomic Management and Fiscal Policy. and courses delivered by the IMF’s Statistics Department. D. Eligible countries: All IMF member countries except those few countries that have been declared ineligible for technical assistance.imf. Schedule: The current schedule and a full description of courses offered at Headquarters are available at www.org E-mail: The IMF’s Institute for Capacity Development does not accept hardcopy applications or nominations.C. and www. For the latest information on the schedule please visit the Institute’s website at www.org/institute Training Catalog 2013 page 7 | . Application procedures are described in the section on Administrative Arrangements. For courses by invitation. NW Washington.imf. T raining at IMF Headquarters (HQ) in Washington.S. a link to the online nomination form will be provided in the nomination request letter. Ian Myers Chief. Selection Process: Courses are either by application or invitation. French.imf.org/institute.imf. www. Finance for Macroeconomists.org/ins/candidature for French courses.imf. English.A. Application: The online application form can be accessed at www. These include the Institute’s course on Financial Programming and Policies. Contact Information: Contact: Mr. Agencies with an interest in particular courses may e-mail inquiries to the contact address below.org/insapply for English and Arabic1 courses.

IET Internal Economics Training T he IMF’s Institute for Capacity Development organizes an Internal Economics Training Program (IET) for IMF economists.A. DC 20431 U. provided they can cover their own expenses. in some multi-day courses a limited number of seats is offered to member-country officials. The IMF Governor for each country is responsible for nominating qualified officials and disseminating information to suitable candidates. This program provides short courses and half-day seminars to IMF economists to strengthen and update their analytical skills.S. The IMF’s Institute for Capacity Development selects the countries to be invited to these courses. NW Washington. Contact Information: Contact: Mr. Estimation. Although the program is designed primarily for IMF staff. Telephone: +1 (202) 623-6447 Fax: +1 (202) 623-6140 E-mail: icdco@imf. Internal Economics Training Courses Open to Eligible Countries Topic Econometrics Session Title Econometrics for Macroeconomists Using Stata Macroeconometric Modeling and Forecasting Using EViews Credit Risk Modeling Exchange Rate Economics External Vulnerability in Developing Countries Formulation.org The IMF’s Institute for Capacity Development does not accept hardcopy applications or nominations for Internal Economics Training courses. and Policy Analysis with DSGE Models and Financial Frictions Modern Monetary Economics The Design of Growth Policy   Finance Macroeconomics         page 8 | . Gaston Gelos Advisor Address: Institute for Capacity Development International Monetary Fund 700 19th Street.

and submit a weekly assignment. skills.A.imf.S. The schedule of courses is posted on the IMF’s Institute for Capacity Development website. The course is intended for officials who are highly motivated to participate: they are expected to study at least 10 hours per week during the distance segment. The residential segments are held at various locations throughout the world. and computer requirements. Those officials who successfully complete the distance segment are invited to attend a two-week residential segment shortly after the distance segment.imf. Telephone: +1 (202) 623-6660 Fax: +1 (202) 623-6490 E-mail: icdtas@imf. applicants must attest in writing that they meet the required qualifications. org/insapply for English courses. Eligible Countries: All IMF member countries except those few countries that have been declared ineligible for technical assistance.org/institute. and www. NW Washington. When agencies fill out the sponsor forms for DL applicants they are confirming that the applicants will be given time by their supervisors during the distance segment to complete their weekly assignments and submit them on schedule. Training is offered in English and French. while they remain at home and on the job.DL Distance Learning (DL) T he distance learning (DL) program was created in 2000 to meet the needs of officials who need indepth training in macroeconomic policy analysis and forecasting.org/institute Contact Information: Contact: Mr. www. the subsequent residential segments are by invitation only.imf. The DL program allows officials to study most of the material at a distance. Schedule: The current schedule and a full description of DL courses offered are available at www. in which they work together and apply what they have learned. org/ins/candidature for French. but is highly valued by those who successfully finish the course. Training Operations Division Address: Institute for Capacity Development International Monetary Fund 700 19th Street. Experience has shown that DL is not for everyone. DC 20431 U.imf. Selection Process: Distance segments of the DL courses are by application. Application: The online application for the distance segment can be accessed at www.org/institute Training Catalog 2013 page 9 | . For DL courses. Ian Myers Chief.org For the latest information on the schedule please visit the Institute’s website at www. The DL application requirements are explained in the section on Administrative Arrangements. Applicants to DL courses must apply online.imf. but who cannot take the time away from their jobs to attend the long course on Financial Programming and Policies (FPP) at HQ.

Schedule: The current schedule and a full description of the courses and seminars offered by the IMF’s Institute for Capacity Development at BTC are available at the Institute’s website www. Ecuador. Colombia. Eligible Countries: Argentina. Peru. Juliana Barral Executive Manager Address: University of the Central Bank of Brazil (UniBacen) Sector de Cluber Esportivos Sul. Panama. Mexico. Mozambique. Costa Rica. Contact Information: Contact: Ms. and Venezuela. Guinea-Bissau. Trecho 2. 1Officials from the Lusophone countries of Africa (Angola.imf. Cape Verde.imf. Uruguay. Guatemala. Candidates are nominated by government agencies upon the request of the responsible IMF department.br For the latest information on the schedule please visit the Institute’s website at www. page 10 | . Conjunto 31-Lotes 1A/1B CEP: 70200-002 Brasilia.11 Selection Process: Courses at BTC are by invitation only. org/institute. Nicaragua.BTC Joint Regional Training Center for Latin America in Brazil (BTC) T he Joint Regional Training Center for Latin America in Brazil (BTC) was established in 2001 by the Government of Brazil and the IMF. Bolivia. Chile. Courses are generally offered in English and Spanish for government officials mainly from Latin America. DF. Brazil. Brasil Telephone: +55 (61) 3414-5082 Fax: +55 (61) 3414-5144 E-mail: juliana.gov. and São Tomé and Príncipe) may be invited to selected courses. Paraguay. Dominican Republic.org/institute.barral@bcb. El Salvador. Honduras.

www.cef. Tunisia. such as the World Bank. Libya. Bahrain. Block 71 P.CEF IMF-Middle East Center for Economics and Finance (CEF) T he IMF-Middle East Center for Economics and Finance (CEF) was established in 2011 and funded by the Government of Kuwait.O. Oman. Candidates are nominated by government agencies upon the request of the CEF. World Trade Organization (WTO).1 and Republic of Yemen. Comoros. Lebanon. but eligible for technical assistance and training. Egypt. the CEF conducts some joint training courses with the Arab Monetary Fund in Abu Dhabi. or in English with interpretation into Arabic. 22003 Telephone: +965 22245050 Fax: +965 22245055 E-mail: cefinfo@imf. Qatar.imf.me and at the Institute’s website www. Iraq. Courses are offered generally in Arabic. 1Not Selection Process: Courses are by invitation only. Furthermore. IMF’s Institute for Capacity Development organizes courses for officials from Arab League member countries at the CEF in Kuwait.org/institute. Kuwait. Djibouti.imf. Abdelhadi Yousef Director Address: IMF-Middle East Center for Economics and Finance The Symphony Building Salem Al Mubarak St. The primary purpose of the CEF is to strengthen the skills of officials from Arab League countries in economic analysis and diagnosis.org a member country. Saudi Arabia. Eligible Countries: Algeria. Box 273 / Salmiya. Jordan.org/institute Training Catalog 2013 page 11 | . Syrian Arab Republic. Salmiya.imf. The IMF will be the principal training provider for the CEF in the area of macroeconomic management. Sudan. West Bank and Gaza. Training outside the core areas of expertise of the IMF will be delivered by other organizations. Schedule: The current schedule and a full description of the courses and seminars offered by the IMF’s Institute for Capacity Development at CEF are available both at http://www. and in line with the CEF’s objective to collaborate closely with regional institutions. Contact Information: Contact: Mr. Mauritania. and Organization for Economic Cooperation (OECD). For the latest information on the schedule please visit the Institute’s website at www. Morocco.org/institute. United Arab Emirates. and formulating and implementing effective economic and financial policies.

1Includes Contact Information: Contact: Mr.imfctp.imf.org Hong Kong SAR and Macao SAR. Candidates are nominated by government agencies upon the request of the responsible IMF department.org and at the Institute’s website www.org/institute. 68 Binhai West Road.CTP Joint China-IMF Training Program (CTP) I n collaboration with the People’s Bank of China (PBC). Liu Pengpeng Director of the IMF Training Department CTP Address: Joint China-IMF Training Program in Dalian No. Xingang District Dalian 116013. For the latest information on the schedule please visit the Institute’s website at www.imf. Eligible Countries: China1 Selection Process: Courses at CTP are open to officials of the Chinese government and are by invitation only.org/institute. Schedule: The current schedule and a full description of the courses and seminars offered by the IMF’s Institute for Capacity Development at CTP are available both at www. Liaoning Province People’s Republic of China Telephone: +86 (411) 8240-8840 Fax: +86 (411) 8240-8843 Email: ctpinfo@imfctp. the IMF organizes courses in China for Chinese officials. page 12 | . The Joint China-IMF Training Program (CTP) began operations in 2000.

Selection Process: Courses at ITP are by invitation only. Eligible Countries: India.org For the latest information on the schedule please visit the Institute’s website at www. National Institute of Bank Management Kondhwe Khurd.aspx and the Institute’s website www.nibmindia. Candidates are nominated by government agencies upon the request of the responsible IMF department.org/institute.ITP Joint India-IMF Training Program (ITP) T he Joint India-IMF Training Program (ITP) in Pune. Schedule: The current schedule and a full description of the courses offered by the IMF’s Institute for Capacity Development at ITP are available at both rbi.org. is a cooperative venture of the Reserve Bank of India (RBI) and the IMF with support from the government of Australia. India. This program was inaugurated in July 2006. Contact Information: Contact: Shri Vijay Raina ITP Administrator Address: Joint India-IMF Training Program in Pune ITP Centre.imf.imf. as well as certain other countries in South Asia and East Africa as designated jointly by the RBI and IMF.in/scripts/itp.org/institute.org/institute Training Catalog 2013 page 13 | . www.imf. Pune 411048 India Telephone: +91 (20) 2683-7425/ +91 (20) 2683-7426 Fax: +91 (20) 2683-7427 E-mail: itppune@imfrbi.

Eligible Countries: Algeria. The IMF’s Institute for Capacity Development continues to be the co-sponsor of these courses. South Africa. Morocco. Cameroon. Bernadette Dia Kamgnia Division Manager EADI. of. Sierra Leone. and Zambia. Chad. P. Congo.imf. Mozambique. Namibia. The JPA is responsible for organizing training in Tunisia and in other locations in Africa. Seychelles.org/ institute. Ghana. Togo. Burundi. which are offered in English and French. Swaziland. For the latest information on the schedule please visit the Institute’s website at www. Côte d’Ivoire. Tunisia. Rep. Cape Verde. Botswana. Angola. Lesotho. Burkina Faso. Eritrea. Benin. Contact Information: Contact: Ms. Rep. Rwanda. Nigeria. Djibouti. Candidates are nominated by government agencies upon the request for nominations by the responsible IMF department. Dem. Kenya.2 Address: c/o African Development Bank B. Gabon. Central African Republic.1 Selection Process: Participation is by invitation only. Malawi.org/institute. Mauritania.JPA Joint Partnership for Africa (JPA) T he “Joint Partnership for Africa”(JPA)—a partnership of the African Development Bank and International Monetary Fund—was put in place in January 2010. Mali. Mauritius. São Tomé and Príncipe. Guinea-Bissau. Uganda. Tunisia Telephone: +216 7110 2901 Fax: +216 7183 3916 Email: b. replacing the Joint Africa Institute. Schedule: The current schedule and a full description of the courses offered by the IMF’s Institute for Capacity Development are available from the Institute’s website www. of. Libya. Ethiopia. Liberia. page 14 | . The Gambia. 323 1002 Tunis Belvédère. Guinea. Equatorial Guinea.imf. South Sudan.org 1Officials from Haiti may be invited to selected French-language courses. Congo. Niger. Sudan. Senegal. Egypt. Comoros. Tanzania.kamgnia@afdb.

org/institute. Slovakia. Macedonia. Slovenia. 1Includes Hong Kong SAR and Macao SAR. Norbert Funke Director Address: Joint Vienna Institute Mariahilfer Strasse 97 A-1060 Vienna Austria Telephone: +43 (1) 798-9495 +43 (1) 798-0525 Fax: jvi@jvi. Cambodia.imf.org/insapply.1 Croatia. Uzbekistan. Georgia. Lao People’s Democratic Republic. Republic of Azerbaijan.org and the Institute’s website www. Russia. Romania. Contact Information: Contact: Mr.imf. Schedule: The current schedule and a full description of the courses offered by the IMF’s Institute for Capacity Development at JVI are available at both www. Organization for Economic Co-operation and Development (OECD). Mongolia. candidates are nominated by government agencies upon the request of the responsible IMF department. Tajikistan.imf.org E-mail: The IMF’s Institute for Capacity Development does not accept hardcopy applications or nominations. Turkmenistan. China. Ukraine. Montenegro. Armenia. Application: The online application form can be accessed at www. Since late 2007. and other bilateral donors. Czech Republic.org/institute. Bosnia and Herzegovina. Kazakhstan. Eligible Countries: Albania. and Vietnam. Poland. Hungary. Belarus. the Institute has expanded its course offerings at the JVI to include more advanced courses in macroeconomics and finance.jvi. Application requirements are described in the section on Administrative Arrangements. the European Commission (EC) has Observer Status. It is supported by two Primary Members (Austria—represented by the Federal Ministry of Finance (BMF) and the Oesterreichische Nationalbank (OeNB)—and the IMF). Turkey. Starting in 2009. Estonia. Latvia. Moldova. International Bank for Reconstruction and Development (IBRD).org/institute Training Catalog 2013 page 15 | . Bulgaria. Lithuania. Selection Process: Courses are either by application or by invitation. and the World Trade Organization (WTO).JVI Joint Vienna Institute (JVI) T he IMF’s Institute for Capacity Development organizes courses for officials from new European Union (EU) member countries and economies in transition in Europe and Asia at the Joint Vienna Institute (JVI) in Austria. four Contributing Members (European Bank for Reconstruction and Development (EBRD). www. For courses by invitation. The JVI was established in 1992. FYR of. Myanmar.imf. For the latest information on the schedule please visit the Institute’s website at www. Kyrgyz Republic. These global courses are open to participants from traditional JVI-eligible countries and to select participants from elsewhere. Serbia. Kosovo.

Timor-Leste. Federated States of Micronesia.STI IMF-Singapore Regional Training Institute (STI) I n collaboration with the Government of Singapore. Brunei Darussalam. Bangladesh. and Vietnam. Cambodia. China.org/institute. Contact Information: Contact: Mr. from Kazakhstan. Tuvalu. Indonesia. Vanuatu. Uzbekistan. Solomon Islands. page 16 | . Application requirements are described in the section on Administrative Arrangements. Lao People’s Democratic Republic. Malaysia. Palau. Schedule: The current schedule and a full description of the courses and seminars offered by the IMF’s Institute for Capacity Development at STI are available at both www. candidates are nominated by government agencies upon the request of the responsible IMF department. Samoa. Mongolia. 1Includes 2Officials Application: The online application can be accessed at www. India. Kiribati. and small non-member Pacific Island countries may be invited to selected courses. Iran.org/insapply.org and the Institute’s website www. Kyrgyz Republic. Papua New Guinea.imfsti.org E-mail: Hong Kong SAR and Macao SAR. Tajikistan. Islamic Republic of.2 Selection Process: Courses are either by application or by invitation. the IMF’s Institute for Capacity Development organizes courses for officials from countries in the Asia/ Pacific region at the IMF-Singapore Regional Training Institute (STI).1 Fiji. Pakistan.org/institute. Singapore. Republic of Korea. For the latest information on the schedule please visit the Institute’s website at www.imf. Turkmenistan. This program was inaugurated in 1998. Sri Lanka. Thailand. Tonga. For courses by invitation. Myanmar.imf. Marshall Islands. Eligible Countries: Afghanistan. Maldives. Bhutan.imf. Sunil Sharma Director Address: IMF-Singapore Regional Training Institute 10 Shenton Way MAS Building 14-03 Singapore 079117 Singapore Telephone: +65 6225-5311 +65 6225-6080 Fax: stiinfo@imf. Nepal. Any changes in the course schedule will be posted promptly on the Institute’s website. Philippines.

Courses are offered in Arabic. often in collaboration with other regional training organizations. and Spanish. Candidates are nominated by government agencies upon the request for nominations by the responsible IMF Department or regional training partner. the Institute’s capacity to deliver this “other training” depends on the availability of financial support from hosts or donors.imf.OT Other Training (OT) I n addition to providing training at Headquarters and the regional training centers. Participation in OT courses is by invitation only. Details of location and latest information on the course schedule are made available on the Institute’s website www. Courses are generally scheduled to meet regional or subregional training needs.org/institute as arrangements are finalized.imf. English. To a large extent. Portuguese. the IMF’s Institute for Capacity Development delivers many shorter courses at the IMF’s regional technical assistance centers and various other venues. Course Descriptions are listed in this catalog. French. www.org/institute Training Catalog 2013 page 17 | .

The breakdown is helpful in identifying those subjects that may be of interest to country officials. The Target Audience column provides an overview of the groups of country officials for which each course is most appropriate.Course Topics and Target Audience Table The Course Topics and Target Audience provide a view of the courses offered grouped by eight major topics. page 18 | .

  Mid-level bank supervisors.to senior-level officials in central banks and ministries of finance of countries that take part in a regional integration arrangement or that are exploring or planning the creation of such an arrangement. Mid.Department 1   FAD Topic/Session Title Specialized Fiscal Issues Fiscal Institutions and Fiscal Discipline Target Audience   Senior. Fiscal Rules and Fiscal Councils — Options to Ensure Fiscal Sustainability Reforming Fuel Subsidies Treasury Management Safeguard Assessments Safeguards Assessments of Central Banks   ICD ICD Forecasting and Macroeconomic Modeling Macroeconomic Forecasting Macro-Fiscal Modeling and Analysis ICD   MCM ICD ICD The Use of DSGE Models in the Policy-Making Process Financial Sector Issues Banking Supervision Core Elements of Banking Supervision Economic and Monetary Integration ICD Economic Policies for Financial Stability MCM Effective public debt management strategies in a world of sovereign assets ICD Finance for Macroeconomists ICD Financial Market Analysis ICD Financial Markets and New Financial Instruments MCM 1Please Financial Stability. internal control. Junior. Officials from central banks or ministries of finance working on financial stability or research and financial regulators. (i) Mid.to mid-level officials in central banks. and regulatory agencies who are interested in the fundamentals of financial analysis as part of the toolkit of policymakers.   Mid. auditing.to mid-level officials in ministries of finance. treasuries. and regulatory agencies who are involved in the formulation of macroeconomic and financial policies. monetary authorities and other public sector officials with responsibility for debt management policies and decisions and/or oversight and management responsibility of key sovereign asset portfolios. or serving on a board or committee covering the oversight of audit. legal.org/institute Training Catalog 2013 page 19 | . Bank supervisors. Policymakers and technical staff.to senior-level officials involved in developing forecasts that are used in the design and implementation of macroeconomic policy. investment. risk management. This includes staff with policy/operational responsibilities in monitoring and managing sovereign liabilities.   Senior central bank staff responsible for accounting. Monetary and Capital Markets (MCM). or reserve management operations. Junior. ministries of finance. (ii) Junior staff involved in preparation of analytical documents on fiscal policy issues. including the negotiation of loans and issuance of debt securities in both domestic/international capital markets.to senior-level officials in central banks. IMF Institute for Capacity Development (ICD). Mid to senior-level government officials.to senior-level officials involved in the macroeconomic analysis of monetary and fiscal policy issues with dynamic stochastic general equilibrium (DSGE) models. Senior tax administration officials. debt management offices. statistics. Mid. and regulatory agencies who are interested in examining the role and functions of financial markets and institutions.to senior-level officials involved in fiscal policy decisions. Mid. www. Systemic Risk and Macro-prudential policy note the following IMF Departments abbreviations: Fiscal Affairs (FAD). or financial reporting activities.to mid-level officials in central banks. FAD FAD FAD FAD FAD   FIN Implementing full taxpayer self-assessment Managing taxpayer compliance in a self assessment environment Medium-Term Budgetary Frameworks. financial reporting. ministries of finance. Several years experience of working in a treasury department. Mid. Statistics (STA). ministries of finance. and their linkages to the macroeconomy.to senior-level officials involved in fiscal policy decisions who have already attended the Macroeconomic Management and Fiscal Policy (MFP) course and/or have a strong analytical background in fiscal policy.imf. ministries of economies or financial planning divisions in line ministries. Mid.to senior-level officials in central banks. and regulatory agencies who are interested in the fundamentals of financial analysis as part of the toolkit of policymakers. Legal (LEG). Officials from Anglophone and Francophone African Countries. finance ministries. Finance (FIN).

Mid. financial regulation and supervision. focusing on inflation targeting (IT) strategy and monetary transmission. debt. and finance ministries who deal with capital market development.Department 1 ICD ICD MCM MCM ICD Topic/Session Title Macro-Financial Surveillance Macro-Prudential Polices Macro-Stress Testing Monetary Operations and Liquidity Management Mortgage Markets and Financial Stability Target Audience Mid. and the development and functioning of domestic debt markets. analysis and core forecasting and financial programming skills than the 4-week course.to senior-level officials in central banks. Mid. preferably from ministries of finance. Mid-level officials providing advice on macroeconomic and financial policies or involved in policy implementation. and related officials with policy and operational responsibilities relating to monitoring and managing sovereign liabilities. Mid. Legal (LEG). page 20 | . MCM MCM Selected Issues in the Evolving Financial Regulatory Framework Sovereign Liability And Risk Management Principles And Practices   ICD ICD Financial Programming and Policies Financial Programming and Policies Financial Programming and Policies-Inflation Targeting ICD Financial Programming and Policies Through Distance Learning Macroeconomic Policies External Vulnerabilities and Policies   ICD ICD External Vulnerabilities – Early Warning Exercise ICD Macroeconomic Diagnostics ICD Macroeconomic Implications of Fiscal Issues ICD Macroeconomic Management and Debt Issues ICD ICD Monetary and Exchange Rate Policy Macroeconomic Management and Financial Sector Issues Macroeconomic Management and Fiscal Policy ICD ICD Macroeconomic Management and Natural Resource Management 1Please note the following IMF Departments abbreviations: Fiscal Affairs (FAD). Central bank economists and government agency economist and regulators with macroeconomic and supervisory responsibilities.and senior-level officials involved in formulation and implementation of policies for the financial sector or interaction of these policies with macroeconomic management. Monetary and Capital Markets (MCM). or central banks.to senior-level officials involved in monetary and exchange rate policy-making.to senior-level officials from central banks.to senior-level government officials in ministries of finance.to senior-level debt managers. Finance (FIN). debt agencies. regulatory agencies.to senior. Junior officials from both ministries of finance and central banks who would benefit from a broader understanding of the macroeconomic dimensions of fiscal policy issues. Mid. Senior officials from central banks. ministry of finance and other relevant government agencies involved in the design and execution of policies in resource-rich countries. Mid. who provide advice on macroeconomic policies or who are involved in policy implementation. and regulatory agencies.level officials from central banks and government agencies involved in the design and implementation of policies that have an impact on the soundness of their country’s external position. and planning. Mid. who provide advice on or implement macroeconomic and debt policies. Senior officials from central banks and ministries of finance and economy who provide advice on macroeconomic and financial policy or who are involved in policy implementation.to senior-level officials.to senior-level officials from central banks and government agencies dealing with the assessment of external vulnerabilities and other macroeconomic risks. ministries of finance.   Mid. Mid. central bankers.to senior-level officials working in the banking supervision or financial stability departments/units of central banks or banking supervisory authorities. Officials from central banks. Mid. this course focuses more on accounts. Mid. economy. Statistics (STA). Mid. or in central banks.   Mid-level officials providing advice on macroeconomic and financial policies or involved in policy implementation (course requires substantial background). and financial market surveillance.to senior-level officials in central banks and ministries of finance or economy directly involved in diagnosing the state of the macroeconomy and making projections.to senior-level officials at central banks. ministries of finance and regulatory agencies involved in financial regulation and/or financial stability analysis. IMF Institute for Capacity Development (ICD).

to senior-level government officials in ministries of finance. Central bank officials responsible for the compilation of monetary statistics. Legal (LEG). Monetary and Capital Markets (MCM). and implementation of macroeconomic policy. Senior lawyers from countries with emerging market economies who are responsible for legal aspects of their countries’ current or prospective membership in international financial institutions. and planning. Officials whose main responsibility is compiling public finance statistics. Senior policy makers from European countries who are responsible for corporate and household insolvency law and related issues. Officials whose main responsibility is compiling public sector debt statistics. bank resolution. Statistics (STA). Compilers of national accounts and financial accounts statistics. IMF Institute for Capacity Development (ICD). and implementation of macroeconomic policy. oversight of financial market infrastructures. financial sector regulation/supervision. who are involved in the analysis. Mid. Finance (FIN). Mid. Central bank officials responsible for the compilation of monetary statistics.Department 1 ICD Topic/Session Title Macroeconomic Management for Senior Officials Target Audience Senior officials. economy.   Compilers of BPS. and who oversee the work of economists. bank resolution. the producer price index (PPI). ministries of finance and economy. Employing agency should be compiling authority and official correspondent of the Fund. Officials whose subordinates have attended courses in financial programming or macroeconomic management are especially encouraged to apply. provision of advice. and (ii) staff involved in operating macroeconomic models. ICD Monetary Policy Analysis   LEG LEG Legal Issues AMLCFT Methodology for the New Standard Central Banking and Financial Sector Legal Frameworks LEG Legal Aspects of International Financial Institutions LEG   STA STA STA STA Workshop on Corporate and Household Insolvency Macroeconomic Statistics Balance of Payments Statistics Balance Sheets and Accumulation Accounts External Debt Statistics Financial Soundness Indicators STA STA Government Finance Statistics Linkages between the Government Finance Statistics Manual and the System of National Accounts Introductory Course on Monetary and Financial Statistics Monetary and Financial Statistics Advanced Course on Monetary and Financial Statistics National Accounts Statistics Price Statistics STA STA STA STA STA STA STA STA STA Public Sector Debt Statistics Quarterly National Accounts Reserves Statistics The System of Macroeconomic Accounts Statistics and the Linkages 1Please note the following IMF Departments abbreviations: Fiscal Affairs (FAD). Mid. Public sector lawyers who are involved in central banking. or in central banks.org/institute Training Catalog 2013 page 21 | . economy. and crisis management or Lawyers from transition and emerging market economies who are involved in central banking. and relevant planning agencies with experience in economic policy-making. and planning.to senior-level officials responsible for and have direct experience of compiling at least one of the following price indices: the consumer price index (CPI). Compilers of national accounts statistics employed by agencies responsible for official national accounts data. and crisis management. or export and import price indices (XMPIs).to senior-level government officials in ministries of finance. Central bank officials responsible for the compilation of monetary statistics. financial sector regulation/supervision. National accounts compilers. compilation. provision of advice. who are involved in the analysis. Officials whose main responsibility is the compilation of external debt statistics.to senior-level officials involved in monetary policy decision making that relies partly/predominantly on model-based framework.imf. oversight of financial market infrastructures. i) Mid. not BOP analysts.   Officials responsible for AML/CFT matters. www. Officials whose main responsibility is compiling balance of payments and/or international investment position statistics. division managers and supervisors of economic staff in central banks. or in central banks. and analysis of financial soundness indicators. Officials at central banks and supervisory agencies for the financial sector who are involved in the collection.

and other training venues around the world by the Institute and other IMF departments. page 22 | . the regional training centers. presented by course title under each course topic.Course Descriptions The following is a consolidated list of the courses offered at Headquarters.imf.org/institute. For the latest information on the schedule please visit the Institute’s website at www.

presented by the IMF’s Fiscal Affairs Department. and their play in promoting fiscal discipline. or ever will have. such as medium-term fiscal frameworks. and understands the impediments to embedding successful self-assessment in SSA countries. Course Description: This four-day course. Qualifications: Participants should have considerable experience in tax administrations at the senior management level. In this regard.Specialized Fiscal Courses Fiscal Institutions and Fiscal Discipline (FIFD) Target Audience: Senior. and explores. Course Description: This one-week course. The objectives of this workshop are to explore the key components needed for ensuring high quality compliance levels in Middle Eastern countries after adopting self-assessment principles and practices. builds on a successful FAD-led workshop in October 2011 on tax administration reform strategy. Course Description: This one-week course. debt management offices. provides a self-assessment approach that accepts the reality that no tax administration has. sufficient resources to determine the correct liability of every taxpayer. over the last two decades. Fiscal Rules and Fiscal Councils— Options to Ensure Fiscal Sustainability (MTBF) Target Audience: Mid. treasuries.to senior-level officials involved in fiscal policy decisions. examines. Implementing Full Taxpayer Self-Assessment (ITSA) Target Audience: Senior. with taxpayers. macroeconomic or budgeting positions. examines the role that strong fiscal institutions and fiscal governance can play in ensuring fiscal sustainability. it focuses on three areas. Medium-Term Budgetary Frameworks. ministries of economy or financial planning divisions in line ministries.to mid-level officials from Anglophone and Francophone African Countries. independent fiscal institutions and budget comprehensiveness. top-down budgeting. In particular. presented by the IMF’s Fiscal Affairs Department. a move towards self-assessment and away from administrative assessment practices (which typically requires examination of all or most tax returns by tax officials). This course takes stock on the status of. presented by the IMF’s Fiscal Affairs Department. medium-term budgeting. by drawing on international country experiences: • Medium-term budgetary frameworks: The course will discuss the channels through which a medium-term perspective in budgeting can www. Qualifications: Participants should have significant experience in tax administration.org/institute Training Catalog 2013 page 23 | . Course Description: This one-week course. presented by the IMF’s Fiscal Affairs Department. Qualifications: Participants should have considerable experience in fiscal policy institutions.imf. Qualifications: Participants should have significant experience in fiscal policy. cash and debt management. there has been.to mid-level officials in ministries of finance. The workshop will analyze service and enforcement strategies and the steps needed within the tax administration. and civil society to successfully implement what amounts to a paradigm shift in the traditional tax assessment process for many countries in the region. businesses. Managing Taxpayer Compliance in a Self-Assessment Environment (TCSA) Target Audience: Senior tax administration officials. examines the role of fiscal institutions.

Qualifications: Participants should have several years of experience working in a treasury department. Course participants are expected to make presentations on treasury reforms in their own countries to illustrate recent country experiences and the lessons learned. Course Descriptions: This one-week course.g. Treasury Management (TM) Target Audience: Mid. and to assess the performance of alternative smoothing mechanisms in their country against both full pass-through automatic pricing mechanisms and the existing approach to pricing. expenditure control (including the prevention of payment arrears). timing. a particular emphasis is placed on the challenges of implementing accrual-based accounts. to be introduced in EU member states as part of the Fiscal Compact. Reforming Fuel Subsidies (RFS) Target Audience: Policymakers and technical staff. (ii) specific design features (e. presented by the IMF’s Fiscal Affairs Department.to senior-level officials working in ministries of finance. It also assesses the distributional impact of higher fuel prices and discusses best practices in reforming fuel subsidies. In this context. escape clauses. government banking arrangements. • Fiscal councils: The course explores the possible role of non-partisan agencies in strengthening fiscal performance by raising public awareness and accountability while leaving scope for policy flexibility. and fiscal reporting. the participants are provided with analytical tools to calculate fiscal costs of price subsidies.improve fiscal discipline and expenditure control. During the course. the course reviews how price smoothing mechanisms can be used to reduce the volatility of domestic fuel prices while simultaneously protect the budget by ensuring full pass-through of international price changes over the medium term. Course Description: This three-day course. choice of the target variable. conduct distributional impact analysis. • Fiscal rules: The course includes three main elements: (i) different types of fiscal rules and their properties. as agreed.. In general. cash management and short-term cash forecasting. presented by the IMF’s Fiscal Affairs Department. covers all major aspects of treasury management. The course also discusses the main elements of a mediumterm budget framework and the relationship with fiscal rules. The use of modern technology to support treasury operations is also discussed. automatic correction mechanism. Presentations are made on each of the above topics and a workshop may be planned. and (iii) a special focus on structural budget balance rules. For government accounting. Qualifications: The participants should be involved in the process of setting fuel prices and/or fuel subsidies in their countries. the course focuses on the processes of budget execution. coordination issues arising between central and sub-national governments). page 24 | . government accounting. After a review of the legal and institutional framework for treasury operations and key budget preparation steps. for example. reviews the fiscal challenges posed by fuel subsidies and analyze cross-country developments. and surveys the preconditions in order for the framework to deliver intended results. a high level of attendee participation is expected.

They should also be comfortable using software for econometric applications such as EViews. auditing. risk management. Participants apply the techniques to a case study country for which they estimate a model. including emerging challenges and issues. financial reporting. and then use the model for forecasting. and accountability in improving financial safeguards. business. and • combination forecasts.imf. financial reporting framework. finance. • model evaluation and model design. The course focuses on five aspects of empirical model building and forecasting. management of international reserves. • dynamic specification. aims to strengthen participants’ macroeconomic forecasting and modeling skills through the application of modern econometric techniques. The design of the course combines interactive lectures and discussions. statistics. the course highlights the importance of central bank governance. live presentations of empirical analyses on a personal computer. Course Description: This one-week course. This course also provides a forum for central bank staff to exchange views on their experiences in strengthening safeguards frameworks. Qualifications: Participants should have a university or post-graduate degrees in one of the following disciplines: accounting.to senior-level officials involved in developing forecasts that are used in the design and implementation of macroeconomic policy. presented by the IMF’s Institute for Capacity Development. economics. and reporting of monetary data to the Fund. internal control. legal. or reserve management operations. or serving on a board or committee covering the oversight of audit. In particular. including stationarity. and hands-on learning by participants in a computer lab. • forecast uncertainty. www. Forecasting and Macroeconomic Modeling Macroeconomic Forecasting (MF) Target Audience: Mid. transparency. or financial reporting activities. workshops. including the use of error correction models. or law or have earned professional certifications in auditing (chartered or certified public accountants. forecasting for policy. non-stationarity and co-integration. internal auditors. evaluate it. Qualifications: Participants should have an advanced degree in economics or equivalent experience. presented by the IMF’s Finance Department. and case studies addressing key assessment areas. Course Description: This two-week course. and policy analysis. such as: • data and model properties. is designed to provide central bank officials with an interactive exposure to the IMF’s safeguards assessment methodology. or information systems auditors) or finance (certified financial analysts). The objective is to provide participants with the knowledge and skills required to assess the strengths and vulnerabilities of the financial safeguards in their central banks and to identify specific steps that can be taken to strengthen these safeguards.org/institute Training Catalog 2013 page 25 | . Lectures are designed to include a discussion of underlying theory. system of internal controls. investment.Safeguard Assessments Safeguards Assessments of Central Banks (SAC) Target Audience: Senior central bank staff responsible for accounting. including the external and internal audit mechanisms. It also covers the methodology and procedures used to monitor the safeguards framework at central banks.

financial modeling techniques with that of less analytical bank supervision techniques. The course combines both lectures and practical applications and seeks to balance the discussion of technical. It draws on the Fund’s experience in providing fiscal policy advice. The Use of DSGE Models in the Policymaking Process (DSGE) Target Audience: Mid. presented by the IMF’s Monetary and Capital Markets Department. The following fiscal issues are covered: alternative measurements of the fiscal stance.Macro-Fiscal Modeling and Analysis (MFMA) Target Audience: (i) Mid. participants are expected to work in small groups. The course relies on case studies relevant for the Western Hemisphere region to illustrate the application of these models. Qualifications: Participants should have an advanced degree in economics or equivalent experience. Course Description: The two-week course. Qualifications: Participants should have experience with banking supervision. The three middle days address FX. Familiarity with EViews and MATLAB is welcome.to senior-level officials involved in the macroeconomic analysis of monetary and fiscal policy issues with dynamic stochastic general equilibrium (DSGE) models. and a basic knowledge of MatLab or equivalent software. either independently or under the guidance of the course counselors. risk-based supervision (RBS). the quantitative implications of fiscal rules. (ii) Junior staff involved in preparation of analytical documents on fiscal policy issues. presented by the IMF’s Institute for Capacity Development. Course Description: This one-week course. The emphasis is on applications of fiscal and monetary policies using models with nominal and real rigidities that are commonly used in central banks and ministries of finance. on studies undertaken by Fund staff. and operational risk assessment and page 26 | . Financial Sector Issues Banking Supervision (BSO) Target Audience: Mid-level bank supervisors. The course lecture material is practiced in several workshops and case studies. During the course. fiscal cost of financial crises. came under criticism. and make plenary presentations. and pension reform issues using a calibrated overlapping generations (OLG) model.to senior-level officials involved in fiscal policy decisions who have already attended the Macroeconomic Management and Fiscal Policy (MFP) course and/or have a strong analytical background in fiscal policy. as well as Basel II. focuses on the fundamentals and goals of RBS while discussing and addressing some of its shortcomings. The first day of the course covers the different concepts of RBS and discusses the different approaches taken under its guise. aims at deepening participants’ understanding of fiscal policy issues using advanced tools of macro-fiscal modeling and analysis. health. good quantitative skills. and to show how they can be used as an input in the policymaking process. and analysis of monetary-fiscal interactions and fiscal adjustment scenarios using a dynamic general equilibrium (DGE) model. presented by the IMF’s Institute for Capacity Development. interest rate. It is recommended to take the Macroeconomic Management and Fiscal Policy (MFP) course prior to the MFMA. either on-site or off-site banking supervision and be comfortable with fundamental analytical techniques. aging. but not required. Qualifications: Participants should have an advanced degree in economics or equivalent experience and be comfortable with quantitative techniques. debt sustainability analysis in a stochastic environment. focuses on the use and interpretation of dynamic stochastic general equilibrium (DSGE) models. In the aftermath of the global financial crisis. and on selected research by outside scholars. Course Description: This one-week course.

Course Description: This one-week course. • political economy aspects of integration.imf. the supervision of large and complex financial institutions. Economic Policies for Financial Stability (EFS) Target Audience: Mid. Participants may be asked to make short presentations on topics of interest in their countries. as well as a review of recent proposals on identifying and regulating systemically important institutions. Qualifications: Participants should be familiar with banking regulation. consequences. Participants are actively involved through companion workshops and case studies. www. respectively. Core Elements of Banking Supervision (CBS) Target Audience: The course is designed for bank supervisors.g. examines macroeconomic and micro-prudential policies to safeguard financial stability. and distills policy lessons from recent crises. and regulatory agencies who are involved in the formulation of macroeconomic and financial policies. Economic and Monetary Integration (EMI) Target Audience: Mid. the course covers: • the requirements for economic and monetary integration. Course Description: The main objective of this twoweek course. occasionally in collaboration with other international and regional organizations.. • trade. Particular attention is paid to the interaction among the macroeconomic. financial. Qualifications: Participants are expected to have an advanced degree in economics or equivalent experience. techniques for assessing financial stability (including stress testing). Course Description: This two-week course presented by the IMF’s Institute for Capacity Development. supervisory and regulatory frameworks. financial. is to broaden participants’ understanding of various aspects of economic and monetary integration. reviews current developments in banking supervision and regulation. and. Workshops are designed to deepen the participants’ knowledge on specific issues stemming from economic and monetary integration experiences. Qualifications: Participants should have an advanced degree in economics or equivalent experience and be proficient in the use of spreadsheets. The final day. It explores the macroeconomic causes. presented by the IMF’s Institute for Capacity Development.to senior-level officials in central banks.org/institute Training Catalog 2013 page 27 | . discusses combining information for constructing supervisory scores and resource allocation for supervisory monitoring. Early warning systems. stress test analysis). and policy responses to stress in financial markets and banking systems. finance ministries. presented by the IMF’s Institute for Capacity Development. Participants make assessments using case studies involving country data and are required to deliver their conclusions in short presentations. Topics include proposed changes to capital adequacy regulatory guidelines. and financial risk management are also addressed. • costs and benefits of the implementation process. Drawing on the theory and on case studies from experiences in several regions of the world. the supervision of risk management practices (e. as well as some short sessions inserted in previous days.to senior-level officials in central banks and ministries of finance of countries that take part in a regional integration arrangement or that are exploring or planning the creation of such an arrangement.stress testing techniques. and monetary integration.

presented by the IMF’s Institute for Capacity Development. as well as to assess the soundness of financial systems and their linkages to macroeconomic activity. page 28 | . inter-alia. and their linkages to the macroeconomy. and. This includes staff with policy/operational responsibilities in monitoring and managing sovereign liabilities. determining the key assumptions.to senior-level officials in central banks. but also sovereign wealth or other public sector asset funds. interest rate and refinancing exposures. and. and regulatory agencies who are interested in examining the role and functions of financial markets and institutions. monetary authorities. and their linkages to the macroeconomy. • elements of risk management and models. measurement of key portfolio risks. effective monitoring arrangements (including ongoing risk measurement). • implementation and operational issues: effective organizational arrangements. and other public sector officials with responsibility for debt management policies and decisions and/or oversight and management responsibility of key sovereign asset portfolios. ministries of finance. • coordination with other key policy areas (including monetary and fiscal policy): identifying key information on relevant asset portfolios (including characteristics and projected impact on overall balance).Effective Public Debt Management Strategies in a World of Sovereign Assets (SALM) Target Audience: Mid to senior-level government officials. Topics include: • money and capital market instruments. accessing debt capital markets effectively (international and domestic). • extracting information from the term structure of interest rates. Course Description: This one-week course. The course addresses a range of technical issues. and • financial soundness indicators and stress testing. examines the role and functions of financial markets and institutions. but also addresses key institutional issues. In particular. • bond pricing and credit risk. • introduction to derivatives and their pricing. is intended to broaden participants’ understanding of the main policy and operational issues in developing public debt management strategies that effectively take a comprehensive and holistic overview of the sovereign balance sheet. The course begins with an overview of the characteristics of financial instruments and their pricing. It also explores the issue of contingent liabilities—both implicit and explicit—and how strategies could be adapted to reflect the risk that such liabilities materialize. • finance and business cycles. including the negotiation of loans and issuance of debt securities in both domestic and international capital markets. familiarity with debt sustainability analysis is desirable. • banking and financial crises. as well as investors’ portfolio and risk management decisions. • equity pricing and portfolio theory. determining the key risk scenarios (including on contingent liabilities). transparency. including quantitative techniques to inform decision making. the following: • systematic approach for developing a debt management strategy: identification of the objectives and scope of the strategy. including international reserves. and. identifying key risk parameters. Finance for Macroeconomists (FME) Target Audience: Mid. Course Description: This four-week course. The course considers. It then examines the analytical tools and methods used to extract information about macroeconomic variables from financial prices. presented by the IMF’s Monetary and Capital Markets Department. including issues in coordination. it explores how best to take account of the nature and scale of sovereign assets. including currency. etc. Qualifications: Participants are expected to have an advanced degree in economics or equivalent experience and it is important that they be proficient in the use of spreadsheets. Qualifications: Participants are expected to have a background in financial markets and macroeconomics.

Workshops.to mid-level officials in central banks. • market and credit risk models. as well as to analyze portfolios of assets and the basics of risk management. explores the nature of financial intermediation.org/institute Training Catalog 2013 page 29 | . • derivatives and their pricing (futures. presented by the IMF’s Institute for Capacity Development. Course Description: This two-week course.to mid-level officials in central banks. and Macro-Prudential Policy (FSMP) Target Audience: Officials from central banks or ministries of finance working on financial stability or research and financial regulators. ministries of finance. Financial Markets and New Financial Instruments (FMN) Target Audience: Junior. including their pricing and trading strategies. • term structure of interest rates. • securitization and structured finance. which are an integral part of the course. Topics include: • the nature of financial markets and instruments. credit derivatives). Financial Market Analysis (FMA) Target Audience: Junior. require participants to apply the techniques presented. • regulation of banks. analyzing the conceptual bases of the new instruments. and the need for regulatory mechanisms to create the appropriate incentives for all participants in the financial system. • the origin and nature of financial crises. and regulatory agencies who are interested in the fundamentals of financial analysis as part of the toolkit of policymakers. Financial Stability. or equivalent experience. as well as how financial entities use them in risk management. No background in finance is assumed. ministries of finance. Systemic Risk. introduces participants to the fundamentals of financial analysis that are part of the toolkit of policymakers. swaps. The course pays particular attention to the emergence of derivative markets and instruments. securities markets. It is essential that participants be able to use Microsoft Excel.Workshops are an integral part of the course and require participants to apply some of the techniques presented in lectures. the role of financial markets and institutions in the allocation of resources. and • value at risk. Qualifications: Participants should be familiar with topics covered in the course on Financial Market Analysis (FMA). and derivatives. but participants must have some familiarity with basic techniques in statistics and probability.imf. Qualifications: Participants are expected to have an advanced degree in economics or equivalent experience. Course Description: This two-week course. and regulatory agencies who are interested in the fundamentals of financial analysis as part of the toolkit of policymakers. • commercial bank risk management. finance. These tools are used to study the characteristics of various financial instruments and their pricing. options. and. • asset allocation and diversification. Participants may also be asked to make short presentations on topics of interest in their countries. Topics include: • bond pricing and volatility—duration and convexity. Qualifications: Participants are expected have an advanced degree in economics. www. • equity pricing. forwards. presented by the IMF’s Institute for Capacity Development.

The course concludes with a discussion of issues related to the architecture of macroprudential policies (the roles of central banks and regulatory agencies. objectives and lessons for the design of financial stability analysis and macro-prudential policy in light of the recent financial crisis. asset prices and balance sheet information are used to examine financial stability in individual institutions and the overall financial system. Participants will learn about methods used for extracting information about macroeconomic variables from asset prices. • approaches to mitigating systemic risks. Macro-Financial Surveillance (MS) Target Audience: Mid. Qualifications: Participants are expected to have an advanced degree in economics or the equivalent experience. starts with a motivation of the need for macro-prudential policies. The topics covered include: • the role. participants of the course are invited to share relevant national experiences in addressing the above topics. Qualifications: Participants are expected to have an advanced degree in economics or equivalent experience. extending the perimeter of regulation. and approaches to mitigating these risks. Also. and the design of crisis management arrangements. and the international policy and regulatory responses to the recent financial crisis. contingent claims analysis (CCA) and systemic CCA with applications. credit spreads. presented by the IMF’s Monetary and Capital Markets Department. extracting information from the term structure of interest rates. • the design of financial stability reports and communication strategies. Topics include modeling and interpreting financial market data. In addition to a series of lectures. including international regulatory initiatives on systemic risk charges. Participants may also be asked to make short presentations on topics of interest in their countries. presents an overview of some of the analytical tools used to assess macro-financial linkages and conduct macro-financial surveillance. Two workshops offer hands-on exercises on measures of systemic risk using the network approach and Co-VaR. financial soundness indicators. comparison of systemic risk modeling and how the models are related to each other. and • institutional arrangements. and familiarity with basic concepts in statistics and probability. the course focuses on the two main dimensions of macro-prudential policies: the time dimension (pro-cyclicality of financial systems) and the cross section dimension (systemic risk). It is essential that participants be proficient in the use of spreadsheets. • quantitative techniques for the identification and assessment of macro-financial and systemic risks: modeling systemic default and liquidity risk. Macro-Prudential Policies (MPP) Target Audience: Central bank economists and government agency economist and regulators with macroeconomic and supervisory responsibilities. ministries of finance. After a brief review of macro-financial linkages in theory and some country experiences.to senior-level officials in central banks. Course Description: This two-week course. and interaction of financial sector and sovereign risk. and others). page 30 | . presented by the IMF’s Institute for Capacity Development. and stress testing elements of risk management and models definition and measurement of systemic risk. and cross-border and international collaboration. The course draws on the lessons. and regulatory agencies. presented by the IMF’s Institute for Capacity Development.Course Description: This one-and-a-half-week course. is designed for central bankers and financial regulators to provide up-to-date information on the identification of risks that can threaten the stability of the financial system. The course also includes a series of handson workshops in which participants are required to apply some of the techniques presented in lectures. and defines their objectives and instruments. Course Description: This one-week course. including the role of systemic risk regulators. equity and option prices. rules-versus-discretion.

Differences between a pro-active approach to liquidity management. It www. Course Description: This one-week course. a large portion of the course incorporates several hands-on training modules based on case studies where participants work in groups using real bank data. • running tests. The course will also discuss the ways in which central banks have adapted their operational frameworks in face of the global financial crisis in order to support financial stability. aims at discussing the recent developments in the area of stress testing for banks. Mortgage Markets and Financial Stability (MSF) Target Audience: Senior officials from central banks. Throughout. Qualifications: Participants should be involved in the implementation of monetary policy. Qualification: Participants should have experience in the area of stress testing. regulatory agencies. as such. will explore the ways in which a central bank’s monetary policy is implemented through its operational framework (open market operations. Furthermore. including: • entering data. presented by the IMF’s Monetary and Capital Markets Department. presented by IMF’s Institute of Capacity Development. and financial stability analysis. and liquidity management. and money market development. it also advises on some best practices to follow in applying these techniques. and • summarizing and presenting the results. and finance ministries who deal with capital market development. the focus is on the solvency and liquidity elements of the stress testing exercise. groups are exposed to the entire cycle of the stress testing process. financial regulation and supervision. Basel II. The course concludes with a roundtable discussion where participants share country experiences and exchange knowledge in this area. Some participants will be asked to make presentations on the operational issues which they are currently facing.to senior-level officials working in the banking supervision or financial stability departments/units of central banks or banking supervisory authorities. • designing assumptions. Moreover. Qualifications: Participants should have sufficient background in financial economics and the relevant experience to discuss policy and technical issues related to the topic of the course.Macro-Stress Testing (MST) Target Audience: Mid. standing facilities. and the importance of designing the incentive structures in the financial system in a way that motivates both responsiveness to monetary policy signals and financial stability. and the ways in which the operational framework can support liquidity management (so that unanticipated liquidity shocks do not cause undue volatility) and market development. Course Description: This one-week course. • estimating econometric models to create macrofinancial links. and a more passive system will be reviewed. focuses on the development of mortgage markets. Monetary Operations and Liquidity Management (MOLM) Target audience: Mid. the course provides an occasion for participants to share experiences in this important area. presented by the IMF’s Monetary and Capital Markets Department. Course Description: This one-week course. The course provides an overview of the objectives of stress testing and of the different methodologies and techniques currently used for that purpose.imf.to senior-level officials at central banks.org/institute Training Catalog 2013 page 31 | . Some of the tools form an integral part of the Financial Sector Assessment Program (FSAP) and Technical Assistance missions to various parts of the world including the MENA region. reserve requirements). and financial market surveillance. and giving participants the opportunity to learn and apply new tools developed or used by MCM for stress testing purposes. including the role played by securitization and structured products.

inter-alia. presented by the IMF’s Monetary and Capital Markets Department. debt management. presented by the IMF’s Monetary and Capital Markets Department.examines the securitization process and the creation of structured products. explores the main supervisory and regulatory challenges posed by market development. institutional investors. hybrid and subordinated debt. It takes a critical look at the evolving framework for bank capital. bail-ins. Case studies of mortgage markets and related institutions are used to illustrate the issues. central bankers. derivatives. and debt market operations. the market infrastructure needed to carry out these operations. Selected Issues in the Evolving Financial Regulatory Framework (FRF) Target Audience: Officials from central banks. Sovereign Liability and Risk Management – Principles and Practices (SLRM) Target Audience: Mid. including objectives and identification of risks. debt. securitization. the following: • effective organizational arrangements. and. proprietary trading. • building blocks for a framework for sovereign liability management. and accountability. liquidity. and good principles for stress testing a sovereign debt portfolio. and the links between banks and other parts of the financial system. funding mechanisms. and governments engage in these markets. or equivalent experience. • technical and implementation aspects of developing a medium-term debt management strategy. ring-fencing of assets. and the development and functioning of domestic debt markets. and sustained capital market access. including monetary and fiscal policy.to senior-level debt managers. • identifying and monitoring sovereign risk. The course considers. • technical and operational aspects of risk management. is intended to broaden participants’ understanding of the main policy and operational issues in sovereign risk management. along with familiarity with debt sustainability analysis. and funding. is desirable. leverage. including currency. • formulating debt issuance strategies taking account of the link between debt management and debt sustainability analysis. • measuring key portfolio risks. page 32 | . The course specifically focuses on the lessons from the current global financial and economic crisis for managing sovereign risk. Qualifications: Background in accounting and finance. and living wills. • coordination with key policy areas. Course Description: This one-week course. interest rate and refinancing exposures. Emphasis is given to the risk measurement of a bonded debt portfolio in the context of a sovereign’s overall balance sheet (assets and liabilities). counterparty and collateral risk management. and assesses the implications for financial stability. techniques used for active debt operations and debt market development. ministries of finance and regulatory agencies involved in financial regulation and/or financial stability analysis. Participants will be required to make presentations on selected topics and country experiences. The seminar pays special attention to systemically important financial institutions. corporations. Qualifications: Participants are expected to have an advanced degree in economics. finance. It discusses the benefits and pitfalls. and how and why financial institutions. public debt. Course Description: This one-week course. examines selected issues in the evolving financial regulatory framework. and the interface with capital markets and financial stability. and related officials with policy and operational responsibilities relating to monitoring and managing sovereign liabilities. Topics include contingent capital.

and • the preparation of a macroeconomic policy program. and forecasting methods for each sector.Financial Programming and Policies Financial Programm ing and Policies (FPP) (Four-week FPP) Target Audience: Mid-level officials providing advice on macroeconomic and financial policies or involved in policy implementation (course requires substantial background). fiscal. Selected macroeconomic and structural adjustment programs implemented by member countries are used to illustrate how policies can be adapted to changing economic circumstances. and planning.C. who provide advice on macroeconomic and financial policy or who are involved in policy implementation. Course Description: This four-week course. the national income. The course. aims at extending participants’ understanding of the design and implementation of macroeconomic and financial policies..e. including output. and • the preparation of a macroeconomic policy program. • the diagnosis of macroeconomic performance and analysis of the effects of macroeconomic and structural policies on the main variables of interest to policymakers. the national income. including output. and the balance of payments.. Financial Programming and Policies (FPP) (Two-week FPP) Target Audience: Mid. the design of financial programs. balance of payments. the design of financial programs.org/institute Training Catalog 2013 page 33 | . prices.imf. and the provision of technical advice to member countries. Qualifications: Applicants are expected to have a degree in economics (preferably advanced) or equivalent experience. and the provision of technical advice to member countries. as well as forecasting methods for each sector. the interrelations among these accounts. drawing on the Fund’s experie nce in economic surveillance. drawing on the IMF’s experience in economic surveillance. The course material is presented in a framework that emphasizes the complementarity of macroeconomic www. and monetary accounts). balance of payments.to senior-level officials primarily in ministries such as finance. The course material is presented in a framework that emphasizes the complementarities between macroeconomic stabilization policies and structural reforms and the importance of policy coordination for sustained growth. prices. or in central banks. presented by the IMF’s Institute for Capacity Development. and monetary accounts) and the interrelations among these accounts. economy. aims at extending participants’ understanding of the design and implementation of macroeconomic and financial policies. The course covers: • the principal features of the different accounts used in macroeconomic analysis (i.e. fiscal. presented by the IMF’s Institute for Capacity Development. Course Description: This two-week course is an overview of the four-week FPP course offered at IMF headquarters in Washington D. • the diagnosis of macroeconomic performance and analysis of the effects of macroeconomic and structural policies on the main variables of interest to policymakers. and the balance of payments. along with proficiency in the use of spreadsheets. The course covers: • the principal features of the different accounts used in macroeconomic analysis (i. along with proficiency in the use of spreadsheets. Qualifications: Applicants are expected to have a degree in economics (preferably advanced) or equivalent experience.

The course includes lectures on the main policy issues underlying adjustment programs. Financial Programming and Policies-Inflation Targeting (FPP-IT) Target Audience: Senior officials from central banks and ministries of finance and economy who provide advice on macroeconomic and financial policy or who are involved in policy implementation. • proficiency in working with Excel spreadsheets. It consists of an eight-week computer-based distance learning segment. including IT techniques. Financial Programming and Policies Through Distance Learning (FPP-DL) Target Audience: Mid-level officials providing advice on macroeconomic and financial policies or involved in policy implementation. Special attention is given to how central bankers following an IT strategy respond to macroeconomic disequilibria arising from domestic and external shocks. Case studies are presented on current economic issues and on the experiences of countries that have adopted an IT framework. and internet access. which allows participants to remain on the job while studying part-time. emphasizing complementarities and coordination among policies. Course Description: This four-week course.stabilization policies and structural reforms and the importance of policy coordination for sustained growth. under the guidance of counselors. Proficiency in the use of spreadsheets and a reliable internet connection are essential to the course. Word. presented by the IMF’s Institute for Capacity Development. Only those participants who successfully complete the distance page 34 | . Participants are expected to be given time by their supervisors to work on the course materials and submit their assignments on schedule. Qualifications: Participants are expected to have a degree in economics (preferably advanced) or equivalent experience. this course focuses more on accounts. Course Description: The course. The course includes a series of workshops in which participants are divided into groups. equipment and software: • e-mail account and experience in electronic file transmission over the internet. During the distance learning segment. participants interact on a continuing basis with their course counselors. to work on analytical and forecasting techniques for the macroeconomic sectors and on various specialized topics. and • computer with a CD-ROM drive. Selected macroeconomic and structural adjustment programs implemented by member countries are used to illustrate how policies can be adapted to changing economic circumstances. The course includes a series of workshops in which participants are divided into groups. focusing on inflation targeting (IT) strategy and monetary transmission. is designed to address the training needs of officials who are unable to attend long courses away from their jobs. Applicants for the course must attest in writing that they have computer access and the following skills. sound card. followed by a two-week residential segment. under the guidance of counselors. analysis and core forecasting and financial programming skills than the 4‑week course. and to the attendant effects on output and inflation. presented by IMF’s Institute for Capacity Development. and are also able to interact electronically through a discussion forum on the DL website with other participants around the world (whom they later meet during the residential segment). Excel. Windows (98 or more recent edition). as well as proficiency in the use of spreadsheets. Qualifications: Applicants should have an advanced degree in economics or equivalent experience. The final part of the course is devoted to the preparation of a hypothetical adjustment program for an IT country from Latin America. to develop sectoral forecasts and prepare macroeconomic policy programs for a case study country. uses the main building blocks of a standard FPP course— sector interrelations and adjustment policies—but places significant emphasis on analytical and technical issues related to an Inflation Targeting (IT) monetary framework and the channels of monetary transmission.

2. Policy. foreign exchange reserve management.org/institute Training Catalog 2013 page 35 | . which focuses on the linkages between the current account and external debt dynamics and vulnerabilities caused by current account shocks. External Vulnerabilities—Early Warning Exercise (EXV-EWE) Target Audience: Mid.to senior-level officials from central banks and government agencies dealing with the assessment of external vulnerabilities and other macroeconomic risks. Participants sharpen their skills with hands on exercises. and the preparation of a baseline scenario for the case study country. and basic financial programming skills. C with a discussion of the traditional flow approach to current account sustainability. Course Description: This two-week course. finalize the baseline scenario for the case study country. participants attend lectures on relevant topics. including between advanced and emerging countries. including all assignments. and Review Department. presented by the IMF’s Institute for Capacity Development. It presents the Fund’s external debt sustainability framework. the main policies affecting macroeconomic performance. Qualifications: Participants are expected to have an advanced degree in economics or equivalent experience. analysis. The course surveys policies for dealing with vulnerabilities. capital account liberalization. and capital account liberalization. The course is divided into three modules: 1.learning segment. and 3. are invited to the residential workshop. the course presents the tools used in the Vulnerability Exercises for Advanced and Emerging Market Countries to identify risks and vulnerabilities in individual countries and the potential for system-wide disturbances. It aims to broaden participants’ understanding of external vulnerabilities by familiarizing them with the analytical frameworks used by the IMF to assess vulnerabilities and policy responses. operational www. Qualifications: Participants are expected to have an advanced degree in economics or equivalent experience. forecasting. and prepare an adjustment program for the case study country. The distance learning segment covers the macroeconomic accounts and their interrelationships. techniques for forecasting macroeconomic variables. Macroeconomic Policies External Vulnerabilities and Policies (EXV) Target Audience: Mid.to senior. During the residential learning segment. These tools allow participants to evaluate a wide range of external debt. In comparison with the four-week FPP. the IMF’s Strategy. and foreign aid management policies.level officials from central banks and government agencies involved in the design and implementation of policies that have an impact on the soundness of their country’s external position. the role of financial assets shocks in triggering large changes in external financial flows. as well as presentations on specific aspects of external vulnerabilities based on their countries’ experience.imf. and the Joint Vienna Institute. linking current account and external debt dynamics. Course Description: This two-week course is presented by the IMF’s Institute for Capacity Development. Drawing upon the latest work of the Fund. capital account liberalization and international aid as potential sources of volatility in the balance of payments. draws upon the latest work of the Fund to provide participants with a comprehensive set of analytical tools for assessing external vulnerabilities and designing appropriate policy responses. notably external debt and foreign reserve management. current account sustainability analysis. The course proceeds in the following sequential steps:  urrent Account Sustainability: The course starts 1. this course focuses more on accounts.

non-financial corporations. labor markets. including developments in aggregate productivity and demand. participants are divided into small groups. It presents the balance sheet approach with its emphasis on the role of shocks to stocks of assets and liabilities in triggering large adjustments in capital flows. The course draws heavily on actual country experiences. and how unsustainable current account positions can trigger external crises.and two-week) Target Audience: Mid. • Fiscal and monetary policies from a positive (rather than normative) perspective. Macroeconomic Diagnostics (MDS) (Four. The coverage concludes by presenting pre-crisis estimates for emerging Europe and other vulnerable European countries. This segment presents the basic analytics and process of the Fund’s EWE in terms of objectives. and proficiency in the use of computers to analyze data. Are these polices expansionary or contractionary? What impacts do these policies have on the macroeconomy. including sustainability of public and external debt trajectories. 2. coverage. methodologies. inflation. C  apital Account Crises: The course then proceeds to an analysis of external vulnerabilities caused by stock imbalances and capital market factors. presented by the IMF’s Institute for Capacity Development is offered in both a four-week format at IMF Headquarters and a condensed two-week version at the Institute’s regional training centers.indicators used to assess external vulnerabilities. Course Description: This course. and balance sheet vulnerabilities in a country’s financial sector. and the external sector. potential misevaluation of the real exchange rate. The lectures and corresponding workshops cover three broad types of assessments: • The current state of the macroeconomy. including across banking systems. emphasizing practical tools for use in day-to-day macroeconomic analysis of developments in complex economies. asset markets. This segment presents models for spillover effects and systemic risks analysis and scenarios for spillovers between advanced and emerging countries. good quantitative skills. Qualifications: Applicants should have an advanced degree in economics or equivalent experience.to senior-level officials in central banks and ministries of finance or economy directly involved in diagnosing the state of the macroeconomy and making projections. For practical workshops that implement the diagnostic and analytical tools presented in the lectures. T  he Fund’s Early Warning Exercises II: Analysis of Spillover Effects. 5. Macroeconomic Implications of Fiscal Issues (MIF) Target Audience: Junior officials from both ministries of finance and central banks who would benefit from a broader understanding of the macroeconomic dimensions of fiscal policy issues. and why? • Medium-term prospects for the country. and main outputs. inputs. T  he Fund’s Early Warning Exercises I: Basic Analytics. page 36 | . 4. and public sector. emphasizing diagnostic and analytic tools that typically are not well covered in macroeconomics textbooks or in university courses. each directed by a counselor. P  olicy Lessons: The course concludes with a presentation of lessons from recent capital account crises. 3. and econometric models of country vulnerability are presented and discussed. Participants are expected to actively participate in discussions throughout the course. This course aims to strengthen participants’ ability to assess a country’s macroeconomic situation. including for macroeconomic policies and institutions and capital account liberalization. Data.

tax and expenditure policy. expenditure issues. experience in macroeconomic analysis. interrelations between the fiscal sector and the rest of the economy. There are also presentations on selected fiscal issues of current interest. covers both conceptual issues and practical applications and includes: • sessions on policy issues. emphasizing that the two choices must be mutually consistent. and the fiscal dimension in financial programming. Participants are expected to engage in discussions throughout the course and are divided into small groups. presented by the IMF-Singapore Regional Training Institute. fiscal sustainability. Qualifications: Participants should have an advanced degree in economics or equivalent experience. to conduct practical workshop exercises that apply the analytical tools presented during the lectures. Macroeconomic Management and Debt Issues (MDI) Target Audience: Mid. financial globalization and capital flows. the foreign exchange market. under the direction of counselors. Qualifications: Participants should have an advanced degree in economics or equivalent experience and be proficient in the use of spreadsheets. debt restructuring.to senior-level officials. fiscal forecasting. assessment of the equilibrium real exchange rates. preferably from ministries of finance. to conduct practical workshop exercises aimed at solidifying their understanding of the lecture material. including the use of forecasting models and the design of a structured system for monetary policy analysis. This module mainly addresses debt management policy from both macroeconomic and microeconomic perspectives. Course Description: This two-week course. and debt sustainability analysis. presented by the IMF’s Institute for Capacity Development. The course also covers the monetary policy transmission mechanism and forwardlooking strategies for setting policy interest rates. debt restructuring mechanisms. • sessions on concepts and techniques. These include sessions on fiscal accounting and analysis.to senior-level officials involved in monetary and exchange rate policy-making. who provide advice on or implement macroeconomic and debt policies. aims to give participants a more extensive exposure to fiscal issues and the macroeconomic effects of fiscal policy than is possible in a normal. two-week course on financial programming and policies.org/institute Training Catalog 2013 page 37 | . and fiscal forecasting. fiscal sustainability. introduces participants to the different types of monetary policy strategies and exchange rate arrangements that countries may choose. restructuring mechanisms. Course Description: This two-week course. the coordination of debt management policy with other policies. and the HIPC and MDRI Initiatives. Monetary and Exchange Rate Policy (MERP) Target Audience: Mid. and the pros and cons of capital controls. Course Description: This two-week course. Participants are divided into small groups.imf. debt agencies. or central banks. About half the course time is allocated to workshops. Other topics covered include: determinants and diagnosis of inflation. • case studies and workshops that illustrate the application of debt concepts. and proficiency in MS Excel software. This module covers different concepts of debt. financial and debt crises. including inflation-targeting strategies.Qualifications: Participants are expected to have a degree of economics or a related field. www. a framework for debt sustainability analysis. It addresses the factors relevant for the choices and the consequences of these choices. and financial market development. presented by the IMF’s Institute for Capacity Development. under the direction of counselors. Considerable attention is paid to the implementation of monetary policy. issues in tax policy and administration. There is also a mini-financial programming exercise focused on fiscal issues. Separate lectures are devoted to fiscal accounts and analysis.

and senior-level officials involved in formulation and implementation of policies for the financial sector or interaction of these policies with macroeconomic management. and poverty reduction. It also covers the interrelations between fiscal and other macroeconomic accounts. and planning. debt relief and the HIPC initiative. It covers the interrelations between fiscal variables and macroeconomic aggregates. the relationship between financial fragility and macroeconomic stability. such as the role of the financial sector in the economy. Qualifications: Applicants should have an advanced degree in economics or equivalent experience and the ability to use spreadsheets. with special attention to how financial sector issues interact with macroeconomic management. to assess the role of automatic stabilizers and discretionary actions. This module includes presentations of country case studies related to particular aspects of fiscal policy. on studies undertaken by Fund staff. Country case studies are used to illustrate the challenges faced by the authorities in addressing fiscal policy issues. financial sector policies. This module covers macroeconomic aspects of fiscal policy. presented by the IMF’s Institute for Capacity Development. frameworks for monetary policy. growth. and governance. Participants are expected to engage in discussions throughout the course and are divided into small groups.to senior-level government officials in ministries of finance. The course content is differentiated to better address issues relevant to different regions. and the main aspects of the design and implementation of fiscal policy as an instrument to achieve macroeconomic adjustment. There are also sessions on fiscal sustainability. aims at deepening participants’ understanding of fiscal policy issues and their implications for macroeconomic management. and international capital flows. It also addresses financial sector topics. decentralization. and the options available to policymakers.Macroeconomic Management and Financial Sector Issues (MMF) Target Audience: Mid. tax reform and administration. under the direction of counselors. analysis. civil service reform. and forecasting of government operations. Participants may also be asked to make presentations on key policy issues of interest in their countries. economy. such as stabilization and growth. such as fiscal adjustment. and on selected research by outside scholars. and debt management. Course Description: This five-week course. This module presents the new fiscal framework (net worth approach) as an analytical tool for assessing the government financial position. including issues related to stabilization such as the need to estimate cyclically-adjusted fiscal balances. The course draws on the Fund’s experience in providing fiscal policy advice. such as growth and poverty reduction. and various structural and institutional fiscal issues. choice of the exchange rate regime. Macroeconomic Management and Fiscal Policy (MFP) (Five-week MFP) Target Audience: Mid. or in central banks. • sessions on policy issues. presented by the IMF’s Institute for Capacity Development. and to determine the size and composition of fiscal adjustment. Course Description: This two-week course. tax reform. who provide advice on macroeconomic policies or who are involved in policy implementation. expenditure policy and management. to conduct workshop exercises aimed at solidifying their understanding of the lecture materials. fiscal and external debt sustainability. privatization. participants are expected to work in page 38 | . and several workshops on the frameworks for fiscal analysis. examines the policy dilemmas confronting authorities in developing and emerging market economies. and poverty reduction. • case studies and workshops. Qualifications: Participants should have an advanced degree in economics or equivalent experience. The course covers a number of key macroeconomic topics. The course includes: • sessions on the accounting. and policies to address financial crises. During the course. as well as the design of fiscal adjustment in the context of a financial program aimed at achieving sustainable growth. fiscal sustainability.

and structural reforms in resource-rich countries. Drawing upon the Fund experience as well as academic contribution to the policy debate.to senior-level officials from central banks. and who oversee the work of economists. Qualifications: Participants are expected to have an advanced degree in economics or equivalent policy experience. address- www. Course Description: This one-week course.org/institute Training Catalog 2013 page 39 | . financial sector issues. aims at deepening participants’ understanding of fiscal policy issues and their implications for macroeconomic management. and on selected research by outside scholars. economy. or experience with economic policy-making. monetary and exchange rate policies. who provide advice on macroeconomic policies or who are involved in policy implementation. The course draws on the Fund’s experience in providing fiscal policy advice. and structural and institutional fiscal issues such as tax reform and administration. and financial issues. Participants are expected to make presentations on key policy issues of interest in their countries.small groups on a topic of their choice on which they make a presentation at the end of the course.imf. Qualifications: Participants should be involved in the design and execution of policies in resource-rich countries and have a good understanding of macroeconomic.to senior-level government officials in ministries of finance. presented by the IMF-Singapore Regional Training Institute. Officials whose subordinates have attended courses in financial programming or macroeconomic management are especially encouraged to apply. such as estimating cyclically-adjusted fiscal balances and the role of automatic stabilizers and discretionary fiscal policy. It covers the interrelations between fiscal variables and macroeconomic aggregates. participants are encouraged to identify possible topics and gather relevant information. including the fiscal implications of alternative strategies for natural resource exploitation. expenditure policy and management. and the main aspects of the design and implementation of fiscal policy as an instrument to achieve macroeconomic stability and growth. Course Description: This two-week course. and planning. or in central banks. the course aims to provide participants with analytical skills to study the challenges faced by resource-rich countries and the policy responses. The skills developed during the course would allow participants to inform a wide range of policies. fiscal sustainability. Macroeconomic Management for Senior Officials (MMSO) Target Audience: Senior officials. Qualifications: Participants are expected to have a degree in economics or a related field. ministry of finance and other relevant government agencies involved in the design and execution of policies in resource-rich countries. ministries of finance and economy. Macroeconomic Management and Natural Resource Management (MMNR) Target Audience: Mid. and be overseeing the work of economists. The course also provides the opportunity to discuss in depth a number of case studies of natural resource-rich countries. Prior to joining the course. Topics include: macroeconomic aspects of fiscal policy. Officials whose subordinates have attended courses in financial programming or macroeconomic management are especially encouraged to apply. fiscal. and fiscal rules. aims at broadening participants’ understanding of the challenges faced by resource-rich countries. Macroeconomic Management and Fiscal Policy (MFP) (Two-week MFP) Target Audience: Mid. presented by the IMF’s Institute for Capacity Development. and relevant planning agencies with experience in economic policy-making. on studies undertaken by Fund staff. Course Description: This two-week course. presented by the IMF’s Institute for Capacity Development. division managers and supervisors of economic staff in central banks.

The workshop will involve government officials in practical and hands-on exercises designed to enhance their ability to effectively implement the new international requirements within their countries’ AML/ CFT legal. Joint Vienna Institute (JVI) and Brazil Training Center (BTC): Lawyers from transition and emerging market economies who are involved in central banking. New Keynesian model. oversight of financial market infrastructures. Course Description: This one-week workshop. They should also be comfortable using software such as MATLAB or EViews. supervisory. under the direction of counselors. Rather. It is recommended to take the Monetary and Exchange Rate Policy (MERP) course prior to the MPA. it presents modeling alternatives to be used in the case of a floating exchange rate and a pegged exchange rate. and macroeconomic and financial surveillance. Linkages across macroeconomic sectors are also discussed. The course is designed for government officials involved in the AML/CFT frameworks of their countries. oversight of financial page 40 | . and institutional frameworks. Monetary Policy Analysis (MPA) Target Audience: i) Mid. Participants are expected to have AML/CFT experience. model-based monetary policy analysis and is centered on a reduced-form. presented by the IMF’s Legal Department. Qualifications: Attendance is by invitation only. fiscal and external sustainability. Selected country case studies are introduced and discussed to illustrate the broad themes presented in the lectures. and there is a demonstration of financial programming for a case study country in the region. and crisis management. presented by the IMF’s Institute for Capacity Development. The approach followed in the course does not favor any particular monetary regime. to conduct workshop exercises aimed at practicing the techniques presented in lectures. with particular reference to Asian and Pacific countries. Central Banking and Financial Sector Legal Frameworks (FLF/FSLF) Target Audience: IMF. Participants are divided daily into small groups.Singapore Regional Training Institute (STI): Public sector lawyers who are involved in central banking.es the key macroeconomic issues facing policy-makers. and (ii) staff involved in operating macroeconomic models. Attention is paid to filtering of data in a multivariate framework (Kalman filtration) and near-term forecasts. as well as in the case of incomplete control of the money market. A series of lectures designed to encourage debate and discussion cover such subjects as strategies for enhancing economic growth. Course Description: This two-week course. bank resolution. is aimed at describing and explaining the requirements of the revised AML/CFT international standard and the measures that need to be implemented by countries to bring their AML/CFT regimes in line with the revised FATF Recommendations. Qualifications: Participants should have an advanced degree in economics or equivalent experience. Participants are exposed to the theoretical foundations of New Keynesian macroeconomics and reflection thereof in a model that is akin to those used in central banks in both advanced and emerging market countries. Legal Issues AML/CFT Methodology for the New Standard (AML) Target Audience: Officials responsible for AML/CFT matters. financial sector regulation/supervision.to senior-level officials involved in monetary policy decision making that relies partly/predominantly on model-based framework. addresses demand for training in the area of forwardlooking. inflation targeting and other approaches to monetary and exchange rate policy. The model is then re-calibrated and taken to the selectedcountry data for policy analysis and forecast.

Course Description: This one-week course. not BOP analysts. aims at providing a forum for officials from European countries to share with their peers their experience with corporate and household insolvency law reform and implementation. and explores the linkages and relationships between these institutions. and case studies. EBRD. bank resolution. financial sector regulation/supervision. institutional and operational aspects of international financial institutions (including the IMF. Prerequisites are specified in invitation letters. Workshop on Corporate and Household Insolvency (CHI) Target Audience: Senior policy makers from European countries who are responsible for corporate and household insolvency law and related issues. It consists of a series of lectures. discussions. Institutions to be covered each year may vary. presented by the IMF’s Statistics Department. Course Description: This two-day workshop. and crisis management. leading international experts. presented by the IMF’s Legal Department. statistics. covers legal. the IMF’s Legal Department will contact the authorities directly to select participants. oversight of financial market infrastructures. practical exercises. covers various aspects of the institutional and legal infrastructure that are necessary to support sound and efficient market-based financial systems. presented by the IMF’s Legal Department. It therefore addresses the legal underpinnings of effective central banking. or equivalent experience. Employing agency should be compiling authority and official correspondent of the Fund. Lectures and class discussions focus on general concepts and compilation practices.imf. Prerequisites are specified in invitation letters. Course Description: This two-week course. and representatives of the IMF’s Legal and European Departments. financial sector regulation/ supervision. Qualifications: By invitation only. and crisis management. while exercises provide participants with an opportunity to put www. the Bank of International Settlements. Macroeconomic Statistics Balance of Payments Statistics (BPS) (Six-week BPS) Target Audience: Compilers of BPS. Course Description: This six-week course. the World Bank Group. The global financial crisis has brought to the fore the need for adequate and effective insolvency regimes and many countries are implementing or have implemented insolvency reforms in the corporate and/or household area to help address the impact of the global financial crisis on the economy. bank resolution. Qualifications: Participants should have a degree in economics. Legal Aspects of International Financial Institutions (LAIF) Target Audience: Senior lawyers from countries with emerging market economies who are responsible for legal aspects of their countries’ current or prospective membership in international financial institutions. Qualifications: Attendance is by invitation only. and other international organizations. presented by the IMF’s Legal Department. and the World Bank).org/institute Training Catalog 2013 page 41 | . provides training on the methodology for collecting and compiling balance of payments and international investment position statistics based on the Balance of Payments and International Investment Position Manual. This workshop is designed for policy makers from a diverse group of European countries dealing with corporate/household insolvency issues. sixth edition.market infrastructures. Qualifications: Attendance is by invitation only.

Course Description: This one-week course. financial derivatives. • classification and coverage of the standard components of the balance of payments and the international investment position. including the double-entry system. and revaluations) and the balance sheets covering the financial and non-financial assets. During the case studies and plenary session discussions. and explain and illustrate compilation techniques and procedures. and assessing the quality of balance of payments statistics through reference to the IMF’s Data Quality Assessment Framework developed for the balance of payments. The course also provides a forum for sharing country experiences among participants. Balance Sheets and Accumulation Accounts (BSAA) Target Audience: Compilers of national accounts and financial accounts statistics. participants have the opportunity to discuss problems they encountered in their work on the compilation of balance of payments and international investment position statistics in their respective countries. and • other topics. page 42 | . and practical exercises. not BOP analysts. and center of economic interest. primary and secondary income. financial. participants have the opportunity to discuss problems they encountered in their work on the compilation of balance of payments and international investment position statistics in their respective countries. discussions. the relationship between balance of payments statistics and other macroeconomic statistics. Balance of Payments Statistics (BPS) (Two-week BPS) Target Audience: Compilers of BPS. Lectures and class discussions focus on general concepts and compilation practices. and the unit of account and conversion. Qualifications: Participants should have a degree in economics. The course covers: • the conceptual framework of the balance of payments and international investment position. enterprise surveys (including survey design and sampling methods). statistics. services. presented by the IMF’s Statistics Department. • data sources and methods used to collect and compile the statistics. and reserve assets.acquired knowledge into practice. residence. Course Description: This two-week course. while exercises provide participants with an opportunity to put knowledge learned into practice. dissemination standards. and use of an international transactions reporting system. presented by the IMF’s Statistics Department. other changes in volume. examine potential source data for their compilation. The course consists of lectures covering methodological and compilation issues as well as workshops consisting of practical compilation exercises. including the use of administrative data. principles for valuation and time of recording. Employing agency should be compiling authority and official correspondent of the Fund. including external debt statistics. direct investment. During the course. concepts of economic territory. The lectures provide a thorough review of the main concepts and classifications applied to the accumulation accounts and the balance sheet in the 2008 SNA. covers theoretical and practical aspects in the compilation of sectoral accumulation accounts and balance sheets within the integrated framework of The System of National Accounts 2008 (2008 SNA). portfolio investment. analysis and use of balance of payments statistics. The main objective of the course is to provide participants with the necessary skills to compile the complete sequence of sectoral accumulation accounts (capital. including goods. Qualifications: Participants should have a degree in economics. other investment. or equivalent experience. statistics. sixth edition. capital transfers. or equivalent experience. It consists of a series of lectures. provides training on the methodology for collecting and compiling balance of payments and international investment position statistics based on the IMF’s Balance of Payments and International Investment Position Manual.

statistics or equivalent experience. valuation) as contained in the Financial Soundness Indicators Compilation Guide. statistics. Course Description: This four. aggregation. data sources. including the World Bank’s quarterly external debt statistics (QEDS) database. Participants from each country represented are expected to prepare a short paper in advance on external debt compilation in their own country. compilation. Qualifications: Participants should have a degree in economics. consolidation. Course Description: This four. It covers the fundamental aspects of the methodology for the construction of FSIs (such as coverage. It also provides information on the use of FSIs in financial sector surveillance. and case studies. for discussion during the course.imf. The topics are covered through lectures and workshops (hands-on exercises on the compilation of FSIs). It comprises lectures. Financial Soundness Indicators (FSI) Target Audience: Officials at central banks and supervisory agencies for the financial sector who are involved in the collection. government finance. The course introduces the new FSI Template for use in the regular reporting of FSI data and metadata to the IMF and provides guidance in accessing and using the IMF’s database for FSI data and metadata. including case studies on the implementation of the IMF’s Data Quality Assessment Framework for external debt statistics. and analysis of financial soundness indicators. • practical guidance in the compilation of external debt data for the public and private sectors. and national accounts methodology. as well as on the practi- www. presented by the IMF’s Statistics Department. Government Finance Statistics (GFS) Target Audience: Officials whose main responsibility is compiling public finance statistics. or the equivalent experience.and three-week course. presented by the IMF’s Statistics Department. including the institutional arrangements for the compilation of these data and international sources of external debt statistics. • the requirements for external debt statistics under the IMF’s data dissemination standards.and two-week course. Qualifications: Participants should have a degree in economics. and techniques for the compilation of Financial Soundness Indicators (FSIs) that serve to support macro-prudential analysis. practical exercises. international investment position. is intended to provide participants with a thorough understanding of the conceptual framework for the compilation of external debt statistics and with practical guidance on the collection and analysis of these data. statistics. or equivalent experience. and • the various uses of external debt statistics and methods of data quality control.External Debt Statistics (EDS) Target Audience: Officials whose main responsibility is the compilation of external debt statistics. The course covers: • the conceptual framework for compiling the range of external debt data series recommended in the Debt Guide and how they relate to the principles of balance of payments. focuses on the conceptual framework of government finance statistics (GFS) as presented in the IMF’s Government Finance Statistics Manual 2001. and lectures on debt restructuring and debt sustainability analysis. The text for the course is External Debt Statistics: Guide for Compilers and Users (Debt Guide). Qualifications: Participants should have a degree in economics. covers concepts and definitions. • the interrelation of external debt statistics with the public sector debt template. presented by the IMF’s Statistics Department. including its 2007 amendments. Course Description: This two-week course.org/institute Training Catalog 2013 page 43 | .

The course consists of lectures. The course examines the coverage and accounting rules of the GFS framework (including accrual accounting). and planning. presented by the IMF’s Statistics Department.to senior-level government officials in ministries of finance. The seminar offers guidance to national compilers of both sets of macroeconomic statistics who are tasked with harmonizing the presentation of data on the government sector. valuation. debt.cal aspects of data compilation. Participants are expected to make a short presentation on monetary statistics compilation issues for depository corporations in their countries. is aimed at national compilers of fiscal and national accounts statistics from Commonwealth of Independent States (CIS) and selected other countries. The course materials are based on the Monetary and Financial Statistics Manual and the Monetary and Financial Statistics: Compilation Guide. provision of advice. accounting principles. Qualifications: Participants should have a degree in economics. its relationships to the System of National Accounts and possible implications for the GFS methodology stemming from the 2008 update to the SNA. and case studies that familiarize participants with practical aspects of monetary statistics compilation. is designed to assist officials in the compilation of monetary and financial statistics in accordance with international best practices. or the equivalent. Course Description: This two-week course. The course is organized around a series of case studies. Monetary and Financial Statistics (MFS) Target Audience: Central bank officials responsible for the compilation of monetary statistics. classification. economy. the characteristics and classification of financial instruments. The course discusses the principles of economic sectorization. Qualifications: Participants should have a degree in economics. is to enhance the participants’ understanding of the framework and recommendations of the Government Finance Statistics Manual 2001 (GFSM 2001). and implementation of macroeconomic policy. balance sheets. and detailed classifications are dealt with in the context of the new methodology that is harmonized with the system of national accounts. and other accounting issues that are relevant to the compilation of analytical accounts for the central bank. Qualifications: Participants are expected to have a degree in economics or equivalent. Introductory Course on Monetary and Financial Statistics (MFS-I) Target Audience: Central bank officials responsible for the compilation of monetary statistics. The seminar is conducted by the IMF Statistics Department in collaboration with the Statistics Divisions of the United National Economic Commission for Europe (UNECE) and the European Free Trade Association (EFTA). other depository corporations and the entire depository corporations sector. in particular with respect to the standardized report forms (SRFs) for depository corporations. statistics. or equivalent experience. Course Description: This four-week course. presented by the IMF’s Statistics Department. It also deals with data reporting to the IMF. The course material is based on the Monetary and Financial page 44 | . The seminar seeks to enhance the cross country comparability and analytical value of the GFS and SNA data for policy analysis. workshops. valuation. statistics. who are involved in the analysis. Course Description: This two-week course. Participants selected for the seminar are requested to give presentations on specific SNA/GFS issues that are being confronted in their work. and the sources and methods used for compiling the statistics. as well as some policy experience. Basic concepts. or in central banks. Linkages between the Government Finance Statistics Manual and the System of National Accounts (SNA-GFS) Target Audience: Mid. is designed to assist officials in the compilation of monetary statistics in accordance with international best practices. presented by the IMF’s Statistics Department.

presented by the IMF’s Statistics Department. classifications. and value added. stocks. the characteristics and classification of financial instruments. and valuation principles for monetary and financial macroeconomic analysis within the framework of the System of National Accounts. is designed to assist officials in the compilation of monetary and financial statistics in accordance with international best practices with a focus on other financial corporations (OFCs). comprising the central bank. The main objective of the course is to train participants in the compilation of annual gross domestic product both at current prices and in volume terms using the production and expenditure approaches.Statistics Manual and the Monetary and Financial Statistics: Compilation Guide. institutional units. and national accounts statistics. balance of payments. The course consists of lectures covering methodological and compilation issues of the 2008 SNA and workshops consisting of practical exercises in compiling the accounts. It also focuses on financial statistics. which comprise the financial flows and stocks of all sectors of the domestic economy and their interactions with the rest of the world.org/institute Training Catalog 2013 page 45 | . valuation. the balance sheet approach for vulnerability analysis. valuation. The course material is based on the Monetary and Financial Statistics Manual and the Monetary and Financial Statistics: Compilation Guide and briefly summarizes the principles of economic sectorization. Advanced Course on Monetary and Financial Statistics (MFS-A) Target Audience: Central bank officials responsible for the compilation of monetary statistics. or the equivalent. and other accounting issues that are relevant to the compilation of analytical accounts for the entire financial sector. The course covers also some aspects of financial statistics. The course consists of lectures and case studies that familiarize participants with practical aspects of monetary statistics compilation for OFCs.imf. statistics. and the balance sheet approach for vulnerability analysis. other economic flows. the characteristics and classification of financial instruments. and the interrelationships between monetary. Participants are expected to make a short presentation on monetary and financial statistics compilation issues and use of monetary data in their countries. Course Description: This two-week course. The course discusses the principles of economic sectorization. Qualifications: Participants should have a degree in economics. Participants are expected to make a short presentation on monetary statistics compilation issues in their countries. which comprise the financial flows and stocks of all sectors of the domestic economy and their interactions with the rest of the world. Qualifications: Participants should have a degree in economics. workshops. covers theoretical and practical aspects in the compilation of national accounts statistics based on the conceptual framework of The System of National Accounts 2008 (2008 SNA). and main macroeconomic aggregates measured by the system. and other financial corporations. government finance. The course starts with an overview of the system of national accounts presenting the sequence of accounts for transactions and other flows as well as balance sheets with a focus on the framework of the 2008 SNA. presented by the IMF’s Statistics Department. The main lectures and workshops include: • sessions on the production account covering the definition and measurement of output. National Accounts Statistics (NAS) Target Audience: Compilers of national accounts statistics employed by agencies responsible for official national accounts data. other depository corporations. The course consists of lectures. which expand on the definitions. balance of payments. and national accounts statistics. intermediate consumption. Lectures address the interrelationships between monetary. in particular the recently introduced standardized report forms (SRFs). www. government finance. classifications. Course Description: This two-week course. It covers the main concepts involving transactions. and other accounting issues that are relevant to the compilation of analytical accounts for the entire financial sector. statistics or equivalent experience. and case studies that familiarize participants with practical aspects of monetary statistics compilation.

or equivalent experience. and chaining and linking indices with updated weighting structures. presented by the IMF’s Statistics Department. Course Description: This two-week course. as are related issues of scope. Quarterly National Accounts (QNA) Target Audience: National accounts compilers. non-observed and informal economy. It also deals with debt data reporting to the IMF and the World Bank. • deflators and derivation of volume measures of GDP. including supply and use framework. and the treatment of particular industries. conducted by the IMF’s Statistics Department. Qualifications: Participants should have a degree in economics. The course follows the principles and recommended practice given in the CPI (2004). the producer price index (PPI). Course Description: This two-week course.valuation issues. and XMPI (2009) manuals. consumption of fixed capital. The course also covers methods for sampling and collecting data from retail outlets and enterprises. as well as on the practical aspects of public sector debt data compilation. • specific issues related to goods and services transactions. aims to provide a thorough understanding of concepts. and export and import price indices (XMPIs). Qualifications: Participants should have a degree in economics. sources of data. or export and import price indices (XMPIs). The workshop is organized around a series of case studies. inventory valuation adjustment. The role of price indices as deflators in The System of National Accounts 2008 (2008 SNA) is outlined. establishments and outlets. Price Statistics (PRS) Target Audience: Mid. Course Description: This two-week workshop. is intended to broaden participants’ understanding of the theory and practice of compiling consumer price indices (CPIs). and valuation principles. and. or the equivalent experience. undertaking adjustments to prices for quality changes. selected methodological issues.to senior-level officials responsible for and have direct experience of compiling at least one of the following price indices: the consumer price index (CPI). PPI (2004). The workshop examines coverage and accounting rules of the public sector debt statistics framework. It covers index number theory and its practical implications relating to the choice of index number formula at lower and higher levels of aggregation. presented by the IMF’s Statistics Department. Basic concepts. coverage. Qualifications: Participants should have a degree in economics or statistics. statistics. classification. • source data and issues in the compilation of GDP by production and expenditure approaches. The course is based on the IMF’s Quarterly National Accounts Manual and is oriented toward national accounts compilers from countries that are developing or planning to develop quarterly national accounts (QNA). accounting principles. or equivalent experience. and compilation techniques for producing quarterly national accounts statistics. statistics. It covers the following main topics: page 46 | . Emphasis is also placed on sharing country experiences among the participants. including new products. valuation. There are sessions on methods for handling temporarily and permanently unavailable items. and detailed classifications are dealt with in the context of the methodology that is harmonized with the government finance statistics and system of national accounts. producer price indices (PPIs). focuses on the conceptual framework of public sector debt statistics as presented in the Public Sector Debt Statistics Guide. Public Sector Debt Statistics Workshop (PDS) Target Audience: Officials whose main responsibility is compiling public sector debt statistics. and the sources and methods used for compiling the statistics. The course covers both theoretical and practical issues in the compilation of QNA.

External Sector Statistics— Balance of Payments and International Investment Position Manual. The course emphasizes the common features across the accounts and will demonstrate the major links among the accounts. or equivalent experience and experience and/or responsibilities in the area of international reserves. Course Description: This one-week course. Qualifications: Participants should have a degree in economics. external sector statistics. outlines its structure and key features. and examines ways to disclose the information. www. sixth edition (2008). foreign exchange swap agreements between central banks. provision of advice.• scope and role of QNA. It also emphasizes the financial links as a basis for flow of funds and financial programming. as well as a case study. The System of Macroeconomic Accounts Statistics and the Linkages (LMS) Target Audience: Mid. government finance statistics. Training Catalog 2013 page 47 | . The course discusses recent statistical issues related to the new modalities of lending to the IMF. • data sources for compiling quarterly GDP estimates (mainly from production and expenditure approaches). including in-country notes. which was modified in December 2008. is designed for macroeconomists and will underscore the linkages among the macroeconomic accounts statistics’ national accounts statistics. workshops. as well as some policy experience.imf. The course provides an overview of the Data Template. who are involved in the analysis. economy. • revision policy and dissemination practices. as set forth in the updated Data Template on International Reserves and Foreign Currency Liquidity: Guidelines for a Data Template (Guidelines) and the sixth edition of the IMF’s Balance of Payments Manual (BPM6). and implementation of macroeconomic policy. and pooled assets. statistics. • price and volume measures. presented by the IMF’s Statistics Department. definitions and classifications. The course is based on the latest international guidelines for the macroeconomic statistics as presented in the following: National Accounts—The System of National Accounts 2008. • other specific QNA issues. and planning. The course explains the international statistical standards for compiling data on international reserves. The objective is to deepen participants’ understanding of the international standards underpinning the macroeconomic accounts statistics and will illustrate the importance of the system of national accounts as the overarching framework for the statistics.org/institute The course focuses on the structure and uses of the statistics and will not address compilation issues. is designed for officials from central banks and ministries responsible for compiling data on international reserves and other external positions of the monetary authorities. The course is delivered through lectures.to senior-level government officials in ministries of finance. • chain-linking techniques for compiling QNA time series. Course Description: This two-week course. clarifies concepts. Government Finance Statistics— Government Finance Statistics Manual 2001. and monetary and financial statistics. which was adopted in 2009. or in central banks. Qualifications: Participants are expected to have a degree in economics or equivalent. It includes a series of lectures. • benchmarking techniques for combining quarterly indicators with the annual estimates. workshop exercises. presented by the IMF’s Statistics Department. Monetary and Financial Statistics— Monetary and Financial Statistics Manual 2000. Reserve Statistics (RSS) Target Audience: Officials whose main responsibility is compiling balance of payments and/or international investment position statistics. • seasonal adjustment. The Guidelines are currently being updated to ensure consistency with the Data Template itself. and. and small group discussions. among other topics related to international reserves. The course includes sessions during which analytical and practical aspects of the Data Template are presented and discussed with the participants in order to share countries’ experiences and possible concerns. as well as with the text of BPM6.

Kuwait (CEF). but candidates from targeted countries are generally nominated by government agencies upon the request of the IMF department responsible for delivering the course. Candidates who meet the qualifications for the course and are selected will be contacted by the IMF’s Institute for Capacity Development or regional training centers to provide information on travel. Applications are not accepted for courses marked as “Invitation.Administrative Arrangements Admission to courses held in Washington (HQ). and Singapore (STI)—as well as to distance learning (DL) courses—may be either by application or by invitation.” | page 48 . India (ITP). Tunis (JPA). and Other Training Venues—admission is by invitation only. and other administrative arrangements for the course. China (CTP). The invitation process may vary from one center to another. Vienna (JVI). For courses held at all other Regional Training Centers and other Training Venues—Brazil (BTC). accommodations.

IMF’s Admissions Committee c o l o r o p t i o n s d e in pend o n t h e c o l o rThe palette may require an approved language test for applicants whose working language is not the same as the course language. Our courses tend to be most appropriate for officials from ministries of finance. the responsible IMF training department and the IMF’s area departments—reviews all applications and determines which applicants are most eligible to attend. The IMF code for transmission of TOEFL results is 5456. and STI are provided access to course extranet sites where they can obtain detailed information on administrative arrangements and course documentation. as well as central banks and statistics bureaus. JVI. and sponsors of accepted and wait-listed applicants are also informed. JVI. such as commercial banks. Windows (98 or more recent edition).org/institute Training Catalog 2013 page 49 | . JVI. JVI. which also may be downloaded from the website: www. French and Spanish should be completed in the language of the course. or STI. Excel. and planning. •  and •  access to a computer with a CD-ROM drive. applicants must use the Online Application System (OAS) at www.imf. For courses on macroeconomic statistics. Accommodations Travel The selection process for STI courses by application is conducted by IMF staff at the STI in close collaboration with the IMF. DL. Applicants are normally informed of the color palette Admissions Committee’s decisions 10 weeks before the start date of the course. DL. Only candidates who will be available to serve their governments www. applicants must be given time as part of their official duties to study part-time while remaining on the job. Living allowance Health Insurance Application Requirements (HQ. or JVI course by application. For courses by application at HQ. DL. Applications for all courses conducted at JVI and STI should be completed English. The selection processes for courses at HQ. The IMF cannot consider applications from persons employed in nongovernmental businesses or institutions. Applications for courses conducted in Arabic should be completed in English.imf. Late or incomplete applications are not processed. and STI) Application Requiremets Selection Process (HQ. and STI) Selection Process Misc. They also must have: •  access to an e-mail account and experience in electronic file transmission over the Internet. For each HQ. and STI) Application Requiremets Eligibility Criteria Relating to Previous Course Attendance Health Insurance Accommodations color options depend on the Applications for HQ courses conducted in English. and IMF’s Institute for Capacity Development staff is considered by STI staff when making a decision regarding which applicants are most eligible to attend. sound card. The color optio n s d e p link e n d o n to t h e the c o l o r ONS p a l e t t e will be provided in the nomination request letter. Officials who are selected to attend courses at HQ. Applicants from non-English-speaking countries who are applying to a course in English generally will be required to provide scores for either the Test for English as a Foreign Language (TOEFL) or the International English Language Testing System (IELTS) to show English proficiency. the department responsible for training. Applicants for distance learning courses should not be sponsored unless they will be given at least 10 hours per week to work on course material during the distance segment of the courses. Notification will be sent only to the official sponsors designated on the application forms. universities or trade unions. priority is given to statistical compilers. or who are not fluent in the language of instruction (or interpretation. Official sponsors should not propose or endorse applicants who fail to meet the criteria of academic background and job relevance. For courses offered through Distance Learning. DL. proficiency in working with Excel spreadsheets.org/insapply to complete and submit their applications.imf. and Internet access. where provided). the Admissions Committee— comprised of staff from the IMF’s Institute for Capacity Development. and STI give priority to those applicants whose professional assignments are closely related to the subject matter of the specified courses. nominees should use the Online Nomination System (ONS).org/institute. Information provided by IMF area departments and resident representatives. These secure sites also provide participants with the necessary administrative forms related to their travel from their home countries to their training destinations. Word.Misc. JVI. Application Requiremets Eligibility Criteria Relating to Previous Course Attendance Living allowance Selection Process Travel Eligibility Criteria Relating to Previous Course Attendance Health Insurance Accommodations Misc. Selected candidates are directly notified of their acceptance. For courses by invitation. DL. economy. JVI. Applications must be submitted by the application deadline indicated for each course. Living allowance Selection Process Travel Application Process (HQ. Each applicant must be employed by an eligible governmental agency and must have a sponsor—a senior official in the agency where he or she works—complete and sign the Sponsor’s Nomination and Certification Form.

are required to finance any medical expense olor options depend on the color pale tte are eligible to apply to take a five-week FPP not covered by health insurance benefits. and language fluency. page 50 | .  Living Allowance. Participants also may affect full participation in the course. the allowance does not cover all additional expenses. However.for a reasonable time after receiving training should be proposed. This allowance is intended to cover the cost of meals and some of the participant’s incidental expenses. Misc. When more than one candidate is presented. 3. therefore. chowever. 2. Each participant will receive a living allowance. either before or during the course. Each participant will be provided with free accommodations. Participants are covered by travel accident insurance during travel to and from Washington and while in official attendance at the IMF’s Institute for Capacity Development. previous participation is taken into account when considering applicants or nominees for IMF courses. Application Requiremets Eligibility Criteria Relating to Previous Course Attendance Health Insurance Accommodations color options depend on the color palette Living allowance The same selection criteria and guidelines for sponsors apply to courses for which sponsoring agencies are invited to nominate participants. Living allowance receive a travel allowance to help cover visa fees and other incidentals en route to Washington. If at HQ or a distance learning FPP. Sponsors tendees of a two-week FPP course. or in one with equal or greater responsibility. such as pregnancy. Travelocity Business (TBiz). JVI. Atcal conditions. Participants in courses at HQ must arrive a day or two before a course begins and remain through its conclusion. expenses. DL. and sponsoring agencies should indicate an order of priority when they nominate more than one candidate. In case of a participant’s withdrawal. These •  Attendees of a course at any one training benefits. such as cancellation fees or the full amount of a prepaid ticket will have to be reimbursed by the sponsor to the IMF. he/she should be in good health to be able to participate fully Travel to Washington and Administrative in the course. Travel. No expenses for (or on behalf of) a participant’s family will be paid by the IMF. 1. Application Requiremets Eligibility Criteria Relating to Previous Course Attendance Health Insurance Accommodations •  Attendees of courses at HQ or a distance learning FPP course should generally wait two years before applying to attend another course at HQ. the applicant will receive leave of absence with regular pay for the duration of the course. if accepted. Selection Process Travel Health Insurance Accommodations Travel Selection Process Travel The sponsoring agency is required to certify that. do not cover expenses incenter are generally not eligible to attend the curred in connection with pre-existing medisame course at another training center. participants should be prepared to supplement the allowance with their own funds. Arrangements are made to provide participants in ICD courses with color options depend on the color palette health insurance benefits covering essential medical and hospital expenses. Accommodations. Misc. the sponsor should indicate an order of priority. that during his or her attendance at the course. andc oSTI) lor options depend on the color Misc. Health Insurance Accommodations Living allowance palette Because the IMF has a limited capacity to provide training. however. the applicant will be given no other duties or assignments. Living allowance Application Requiremets Eligibility Criteria Relating to Previous Course Attendance Health Insurance Selection Process Travel Selection Process Travel Accommodations s Eligibility Criteria Relating to Previous Course Attendance Eligibility Criteria Relating to Previous Course Attendance (HQ. Sponsoring agencies should not submit more than three applications per course from their agency. If a participant misses a subArrangements stantial amount of the course due to illness. job relevance. Nominated candidates are not accepted unless they meet the criteria of academic background. and that upon return to duty the applicant will be placed in his or her former position. The IMF’s Institute for Capacity Develprepay the airline ticket and make travel arrangeopment should be informed prior to particiments for participants through the Fund’s travel pant’s arrival of any medical issues which agency. they may not receive a certificate of compleThe IMF’s Institute for Capacity Development will tion.  Health Insurance. the applicant is accepted. Application Requiremets Eligibility Criteria Relating to Previous Course Attendance Living allowance Selection Process color options depend on the color palette 4. Specific details on accommodations will be made available after the selection process. Misc.

Application Eligibility Criteria Relating to Previous Course Attendance Health Insurance Misc. Similarly. Living allowance Selection Process Travel Eligibility Criteria Relating to Previous Course Attendance Health Insurance Accommodations Misc. and (ii) that the sponsoring agency will reimburse the IMF for all medical expenses incurred on behalf of participants and their families as a result of any of the medical conditions noted above. Living allowance Selection Process 5. expenses such as cancellation fees or the full amount of a prepaid ticket will have to be reimbursed to STI. 3. Accommodations. Participants are required to arrive on time. participants are responsible for all other charges.org/institute Health Insurance Accommodations Training Catalog 2013 page 51 color options depend on the color palette | . Participants or their sponsoring agencies are responsible for the initial purchase of c olor o ptions depend on th e c o l o r p a l e t t e airline ticket and for the participants’ round-trip making travel arrangements. Application Requiremets 5. and other arrangements are posted on the course extranet sites—to which accepted participants are given access—along with background information on settling-in. Living Allowance. accommodations. This allowance is intended to cover the cost of meals and participants’ incidental expenses. the IMF provides a living allowance intended to cover the cost of Application Requiremets Selection Process Travel Eligibility Criteria Relating to Previous Course Attendance Health Insurance 4. Under special circumstances and upon receipt of a specific request from the sponsor. travel and miscellaneous expenses will have to be reimbursed to STI. Upon receipt of a request from the sponsor within ten color options depend on the color palette days of acceptance confirmation. however. free from any contagious disease or pre-existing medical conditions. In case of a withdrawal or failure to attend the course. Travel Health Insurance 4. Participants will be reimbursed a fixed amount in US dollars travelers’ checks for their tickets and related travel expenses upon arrival in Singapore. Misc. In case of a withdrawal. Travel. including pregnancy. and other types). The participant or the sponsoring agency is responsible for purchasing the participant’s roundtrip airline or train ticket and making travel arrangements. Living allowance Application Requiremets Eligibility Criteria Relating to Previous Course Attendance Selection Process meals and some of the participant’s incidental expenses. Health Insurance. STI will consider making travel arrangements for the participant. Misc. the IMF will make travel arrangements for the participant.imf. color options depend Misc. expenses such as cancellation fees or the full amount of a prepaid ticket must be reimbursed to the IMF. Living Allowance. Accommodations during the course (including one day before and one day after the course) are provided free of charge at a hotel near the Monetary Authority of Singapore building where STI is located. Living allowance Application Requiremets Selection Process Eligibility Criteria Relating to Previous Course Attendance Misc. medical insurance. lor op t i o n s d e p e n d o n t h and e color palette the IMF must be reimbursed for all expenditures made on behalf of the participant. participants are in good health. and stay through the last day of the course. Miscellaneous. STI covers room costs. do not cover expenses incurred in conAccommodations the color palette color options depend on the color palette Application Requiremets Eligibility Criteria Relating to Previous Course Attendance www. Miscellaneous. Information on visas. Travel.Sponsors are required to certify (i) that immediately prior to the course. Accommodations Travel Accommodations Living allowance alth Insurance Accommodations 2. 2. Living allowance 3. attend all sessions. Participants are reimbursed for tickets and related travel expenses shortly after their arrival in Vienna. Selection Process Travel Travel Health Insurance Accommodations Application Requiremets Travel to Vienna and Administrative Arrangements Travel ection Process Travel color options depend on the color pa lette Requiremets alth Insurance Accommodations the color palette ection Process Travel 1. These benefits. Details on visas. Living allowance Selection Process Application Requiremets Eligibility Criteria Relating to Previous Course Attendance Health Insurance Misc. Health Insurance. Accommodations and breakfast are provided by the JVI. if a participant does not complete the course. Living allowance Selection Process Travel Eligibility Criteria Relating to Previous Course Attendance Health Insurance Accommodations Travel to Singapore and Administrative Arrangements 1. insurance (travel. accommodations. Participants are provided with a living allowance for the duration of the course. If a participant has to be repatriated for any reason before the end of the training. the sponsoring agency is responsible for the costs ofc o the repatriation. The invitation may be withdrawn if a participant cannot comply with these requirements. STI provides participants with health insurance benefits covering accidents and emergency medical care. For the duration of the training at the JVI. and free from any physical or mental condition or disability that could impair their full participation in the course. Participants are provided with health insurance benefits covering medical emergencies only. Accommodations. Accommodations on the color palette Misc. and other arrangements is sent to each participant who accepts the invitation to attend the course. settling-in. These benefits will not cover expenses incurred in connection with pre-existing medical conditions. Spouses and guests are not allowed at the JVI residence. medical.

accommodations. and other arrangements to each participant after he or she has accepted an invitation to attend the course. Courses at regional training centers and other training venues other than JVI and STI are by invitation only. Participants are advised to take a comprehensive medical examination before leaving for Singapore. but culminates with an invitation from the IMF’s Institute for Capacity Development to the candidate. and JPA. Application Requiremets color options depend on the color palette page 52 | . free from any contagious disease. and other administrative arrangements for the course. Participants should be in good health. insurance (travel. Misc. and other types). 5. including pregnancy. CTP. CEF. ITP. sponsors (senior officials from the nominating agencies) must agree to reimburse STI for all expenses incurred on behalf of their sponsored participants due to any pre-existing medical conditions. Further. Candidates who meet the qualifications for the course and are selected are contacted by the Institute and given information on travel. In connection with participants’ acceptance of invitations to attend STI programs. Candidates are nominated by government agencies of targeted countries upon the request of the responsible IMF department. accommodations. Living allowance Selection Process Travel Eligibility Criteria Relating to Previous Course Attendance Health Insurance Accommodations Arrangements for BTC. STI sends information on visas. The invitation process may vary somewhat from one center to another. Miscellaneous.nection with pre-existing conditions. settling-in. sponsors are required to cover the costs of any medical procedures not covered by the health insurance plan. and free from any medical condition that could impair their attendance at the course. medical.

and STI courses should be submitted online through the Institute’s Online Application System (OAS) and nominations should be submitted through the Online Nomination System (ONS).org/login/index. We are proud to be part of the global effort of protecting our environment! For the latest information on the schedule please visit the Institute’s website at www.org/institute. JVI.) Each course site provides: • Administrative information prior to the course. the Institute eliminated hardcopy application and nomination forms. • Venue for collaboration among participants and counselors. The IMF’s Institute for Capacity Development — Going Green! The copy of the course catalog that you are holding has been published on paper produced from well-managed forests.). and.php (please note that access is restricted to accepted participants actively participating in a training course.imf.Moodle is the Institute’s course management system and it can be accessed with the following url: https://www-imfcourse. etc. controlled sources and recycled wood or fiber. list of readings.imf. Since August 2010. . All applications for HQ. DL. • Course materials (such as program.

S. SPANISH FAX: +1 (202) 623-6490 E-MAIL: ICDINFO@IMF.ORG DE CAPACITACIÓN WEB: WWW.ORG/INSTITUTE page 54 FMI INSTITUTO | .IMF.A. DC 20431 U.ENGLISH IMF INSTITUTE FOR CAPACITY DEVELOPMENT INTERNATIONAL MONETARY FUND 700 19th Street. NW WASHINGTON.

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