Catalog

Training Catalog 08

International Monetary Fund

ContentsForeword by the Managing Director . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

Director’s Message . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

Introduction and Users’ Guide . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

Overview of Headquarters Training and Regional Training Centers . . . . . . . . . . . . . . . . . . . . . 10IMF Headquarters (HQ) in Washington, D.C. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

Joint Regional Training Center for Latin America (BTC) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

Joint China-IMF Training Program (CTP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

Joint India-IMF Training Program (ITP). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

Joint Africa Institute (JAI) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

Joint Vienna Institute (JVI) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

IMF-AMF Regional Training Program (RTP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

IMF-Singapore Regional Training Institute (STI). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

Other Training Venues (OT) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

Course Descriptions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16Anti-Money Laundering and Combating the Financing of Terrorism (AML) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

Applied Economic Policy (AEP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

Balance of Payments Statistics (BPS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

The Six-Week BPS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

The One-Week BPS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19

Central Bank Accounting: Strengthening Central Bank Independence through Transparency and Efficiency (CBA) . . .19

Designing Effective Legal Frameworks for Problem Banks and Resolving Banking Crises (CRE). . . . . . . . . . . . . . . . . 20

Economic Policies for Financial Stability (EFS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20

External Sector Issues (ESI) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21

External Vulnerabilities (EXV) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21

Financial Market Analysis (FMA). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

Financial Markets and New Financial Instruments (FMN) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23

Financial Programming and Policies (FPP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23

The Six-Week FPP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23

The Two-Week FPP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24

Financial Programming and Policies through Distance-Learning (FPP-DL) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24

Financial Programming and Policies with Inflation Targeting (FPP-IT) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25

Financial Sector Regulation and Selected Financial Transactions: An Introduction for Lawyers (FTL) . . . . . . . . . . . . . 25

Financial Soundness Indicators (FSI) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26

Financial Taxes (FTX) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26

Fiscal Transparency and Natural Resource Taxation (FTS). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27

Government Finance Statistics (GFS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27

The Five-Week GFS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27

The Two-Week and Three-Week GFS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28

Implementing Inflation Targeting (IT) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28

Inflation Targeting (ITI) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28

International Investment Position/External Debt Statistics (EDS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29

Legal Aspects of International Financial Institutions (LAIF). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29

Macroeconomic Diagnostics (MDS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29

The Four-Week MDS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30

The Two-Week MDS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30

Macroeconomic Forecasting (MF) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30

Macroeconomic Implications of Fiscal Issues (MIF) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31

Macroeconomic Management and Debt Issues (MDI) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31

Macroeconomic Management and Financial Sector Issues (MMF) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32

Macroeconomic Management and Fiscal Policy (MFP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32

The Five-Week MFP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32

The Two-Week MFP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33

Macroeconomic Management for Senior Officials (MMSO) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33

Monetary and Exchange Rate Policy (MERP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34

Monetary and Financial Statistics (MFS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35

National Accounts Statistics (NAS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35

Payment Systems (PS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36

Price Statistics (PRS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36

Program and Performance Budgeting (PPB) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37

Quarterly National Accounts (QNA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37

Remittances Statistics (RS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38

Safeguards Assessments of Central Banks (SAC) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38

Sovereign Asset Management: Framework for Strategic Asset Allocation (SAM) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39

Sovereign Liability Management: New Operational Approaches (SLM) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40

Strategic Planning and Risk Assessment in Revenue Administration (RRA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41

Value-Added Taxation (VAT) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41

Training Schedules . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42IMF Headquarters (HQ) and Distance Learning (DL) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43

Joint Regional Training Center for Latin America (BTC) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44

Joint China-IMF Training Program (CTP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45

Joint India-IMF Training Program (ITP). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45

Joint Africa Institute (JAI) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46

Joint Vienna Institute (JVI) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46

IMF-AMF Regional Training Program (RTP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48

IMF-Singapore Regional Training Institute (STI). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48

Other Training Venues (OT). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49

Administrative Arrangements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50Arrangements for HQ, JVI, and STI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51

Application Requirements (HQ, JVI, and STI) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51

Selection Process (HQ, JVI, and STI) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51

Eligibility Criteria Relating to Previous Course Attendance (HQ, JVI, and STI) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52

Travel to Washington and Administrative Arrangements for HQ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52

Travel to Vienna and Administrative Arrangements for JVI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53

Travel to Singapore and Administrative Arrangements for STI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54

Arrangements for BTC, CTP, ITP, JAI, and RTP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55

IMF Institute Publications . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56

Deadlines for Courses by Application at HQ, JVI, and STI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57

Foreword by the Managing Director

The International Monetary Fund is best known for its extensive

engagement in monitoring national and global developments closely

and its readiness to offer policy advice and financial assistance in

support of countries’ adjustment programs . Our ongoing surveillance

activities, macroeconomic policy expertise, and capacity to provide

financial support play important roles in promoting national and global

macroeconomic and financial stability—the central challenge assigned

to the IMF by its member countries . Over the medium term, however,

financial stability and economic growth depend to a great extent on

each country’s own ability to analyze developments and formulate sound

policies in a world economy that is becoming increasingly integrated

and complex . To that end, the IMF devotes a substantial share of its

resources to building the technical and analytical capacities of national

policymakers through the provision of technical assistance and training .

Rodrigo de Rato

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Training Catalog 2008 | page �

The training program organized for member country officials by the IMF Institute—the IMF’s lead training department—is sharply focused on providing the conceptual foundations and diagnostic tools that policymakers require. Its orientation toward the practical analytical skills that underpin successful macroeconomic management differentiates the Institute’s program from the training that most universities offer. The Institute’s curriculum includes a wide range of topics, drawing on the many areas in which the IMF has expertise. Courses are taught in Arabic, English, French, Spanish, and occasionally Portuguese, with translation provided, when appropriate, into Chinese and Russian. Most courses include a combination of lectures, case studies, and group workshop exercises, stressing applications of theory to real world policymaking. Long experience has shown that emphasis on practical workshop exercises using real case studies greatly enhances retention of the material taught. Independent external evaluations of the Institute training program—the most recent conducted in 2006—continue to find a very high degree of satisfaction.

In response to strong demand from member countries and highly positive feedback, the Institute program has been expanded over the past decade through the development of a network of regional training centers and the introduction of a distance learning version of our Financial Programming and Policies course. The program now provides about 47,000 participant days of training to member country officials each year—roughly one-third at our Washington Headquarters, half at our seven regional training centers, and the rest at other overseas venues and through distance learning. Our newest overseas training center—the Joint India-IMF Training Program—opened in July 2006 to help serve the training needs of India and its neighbors in South Asia and East Africa.

Success in extending the global reach of IMF training through regional training centers and

distance learning would not have been possible without generous financial support from a number of our member countries, notably Australia, Austria, Brazil, China, France, Germany, India, Japan, Portugal, Singapore, and the United Kingdom. The regional training centers have also received substantial contributions from various partner organizations, including the African Development Bank, the Arab Monetary Fund, the European Bank for Reconstruction and Development, the Organization for Economic Cooperation and Development, the World Bank, and the World Trade Organization.

In presenting this Training Catalog for 2008, I take great pleasure in the knowledge that our courses will directly benefit around 4,500 more participants over the coming year. IMF Institute training has by now helped tens of thousands of member country officials enhance their analytical abilities and policymaking capacities. Most have been able to take on greater responsibilities within their organizations, and many have risen to high positions in government ministries and central banks. Although the benefits for member countries and the international financial system are indirect and difficult to measure, the IMF training program surely makes an important global contribution to economic growth and macroeconomic and financial stability.

Rodrigo de RatoManaging Director


Director’s Message

The IMF Institute training program for member country officials is a

vital component of the IMF’s capacity-building function . It provides an

array of courses aimed at strengthening the ability of country officials

to analyze economic issues and to formulate and implement policies

that foster macroeconomic stability and economic growth . The Institute

organizes the program and delivers much of the training itself, but

other IMF departments—including the Statistics, Legal, Fiscal Affairs,

Monetary and Capital Markets, and Finance Departments—also offer

training on various specialized topics . The curriculum draws on the

expertise that IMF staff have developed from their work on surveillance,

program design, and technical assistance; and concerted efforts are

made to select course participants who are well positioned to use the

training they receive to the benefit of their countries .

Leslie Lipschitz

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Keeping our training program closely attuned to the challenges that policymakers confront requires a major investment in course development. Existing courses must be continually adapted, and new ones developed, to stay abreast of the evolving needs of officials from the whole range of the IMF’s member countries. The Institute has introduced a number of new courses over the past few years, including those on Macroeconomic Diagnostics, Macroeconomic Management and Fiscal Policy, Macroeconomic Management and Debt Issues, and Monetary and Exchange Rate Policy. We have also substantially upgraded our flagship course on Financial Programming and Policies and developed a new five-week course on Financial Programming with Inflation Targeting. Our agenda for 2008 includes the preparation of a new course on External Vulnerabilities and a consolidated six-week version of Financial Programming and Policies. In addition, other IMF departments are offering new courses on asset and liability management and statistics.

The development of a network of regional training centers over the past decade has greatly facilitated the effort to expand our curriculum and keep it as relevant as possible to the evolving needs of the IMF’s member countries. The regional training centers have provided venues for cost-effective delivery of relatively short and specialized new courses, and by giving us scope to shift short existing courses overseas, they have simultaneously created the capacity for longer new courses that involve many IMF staff and are thus best suited for delivery in Washington. They have also enabled us to tailor the courses we offer in each region, and the specific coverage of each course, to the front-burner issues for the countries of the region. For all this we are extremely grateful to the member country governments and partner organizations that have generously co-financed the regional training centers and provided support for other aspects of our training program.

The courses offered at each training center reflect decisions taken by the IMF’s individual training

departments, as coordinated by the IMF Institute. Suggestions from our regional partners and the IMF’s area departments weigh heavily in the decision-making process. Other considerations include the level of excess demand for previous course offerings, the suggestions that emerge from regional meetings that the IMF Institute organizes to solicit the views of respected senior officials on the training needs of their regions, and inputs from independent surveys that the IMF Institute periodically commissions. The surveys of member-country agencies that sponsor course participants continue to reaffirm that the Institute training program is highly effective and reveal strong support for a mix of courses like those included in the 2008 program.

My colleagues and I are inspired by the enthusiasm and active engagement of our course participants, by their highly positive evaluations of the lectures and workshops we provide, and by the supportive feedback we receive from other sources. Resource constraints pose a limit on what we can deliver, but we are very pleased to be able to present another wide-ranging program for the coming year.

Leslie LipschitzDirector, IMF Institute


Introduction and Users’ Guide

This catalog describes the training program that the IMF plans to

provide for member-country officials during 2008 at its Headquarters

in Washington, D .C . and its seven regional training centers . It includes

course descriptions and training schedules, an overview of each of the

IMF’s training centers, and information on administrative arrangements

for participants . In addition, the catalog provides preliminary

information on courses that the IMF Institute plans to deliver at other

training venues .

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JAI

BTC

JVI

RTP

IMFHQ

CTP

STI

ITP


The IMF Institute is the lead training department of the International Monetary Fund. It organizes the program described in this catalog and delivers much of the training itself. Together with the regional training centers, it also administers the courses delivered at the IMF’s training cen-ters by other IMF departments. As in years past, the 2008 program offers training on a wide range of topics on which the IMF has expertise. The curriculum includes an array of specialized courses by the Statistics, Monetary and Capital Markets, Fiscal Affairs, Legal, and Finance Departments of the IMF, as well as those by the IMF Institute. All told, the program contains nearly 50 courses, many of which are given multiple times and at several different training centers. The comprehensive listing of the courses available at all eight training centers—Abu Dhabi, Austria, Brazil, China, India, Singapore, Tunisia, and the IMF’s Washington Headquarters—permits officials from countries eligible for training at more than one location to more easily find all of the courses available to them.

The Institute training program continues to adapt existing courses and develop new ones to stay attuned to the evolv-ing needs of officials from the IMF’s member countries. The expansion of regional training centers has greatly facilitated this effort, both by providing venues for cost-effective deliv-ery of relatively short and specialized new courses, and by providing scope to shift shorter existing courses away from Washington to create more capacity for longer courses at Headquarters. Because longer courses draw on the exper-tise of many staff from the IMF Institute and other IMF departments, it is generally impractical to offer them at the regional training centers.

In using this catalog, it should be noted that courses previ-ously offered under different names at different training centers have now been given a common title. Note also that this catalog supplements, but does not replace the catalogs issued by the regional training centers. The latter catalogs contain more complete information on administrative ar-rangements for courses at the centers, as well as informa-tion on courses provided outside the IMF Institute training program by other organizations.

A concerted effort will be made to deliver each of the courses advertised in this catalog on the announced dates for the courses. However, unanticipated scheduling and staffing difficulties inevitably arise, and a few of the courses may need to be rescheduled or cancelled. Budgetary con-siderations, including new funding for additional courses, may also lead to modifications in the training program. Any changes in the course schedules or country eligibility for the different training centers will be posted promptly on both the IMF Institute website (www.imf.org/institute) and the websites of the affected regional training centers.

The following paragraphs provide brief descriptions of the cata-log’s main sections and indicate how the catalog may be used.

• Overview of Headquarters Training and Regional Training Centers: This section focuses separately on each of the Institute’s principal training locations: the IMF’s Washington Headquarters and the seven regional training centers. For each center it lists the countries that are eligible to receive training, describes how to access the center’s website and application forms (where relevant), and provides contact information.

• Course Descriptions: This section provides standardized descriptions for all of the planned courses, arranged in alphabetical order by course title. A “New Course” label marks those courses that are being offered for the first time in 2008, or that have undergone very substantial changes in their content.1 In addition to outlining course objectives, contents, and structure, each course description identifies the target audience for the course, as well as any prerequisite qualifications for those attending. A “locator bar” under the course title indicates each of the training centers where the course will be offered in 2008. For instance, if a course is offered at JAI and JVI, the locator bar would highlight those two centers as illustrated below.

Headquarters (HQ) and Regional Training Centers (RTCs)

Washington, DC(HQ)

Brasilia, Brazil(BTC)

Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)

Vienna, Austria(JVI)

Abu Dhabi, UAE(RTP)

Singapore(STI)

• Training Schedules: This section provides a schedule of courses for each training location, and it also provides links to the websites of the regional training centers, where additional relevant information can be found. For each course the schedules indicate the course number, the application deadline (where relevant), the course start and end dates, the language of instruction, and the IMF department that teaches the course. Some courses provide for simultaneous interpretation in a second language, which is indicated in parentheses on the course schedules. Fluency in the language of instruction (or the language in which simultaneous interpretation is provided) is a prerequisite for all courses.

• Administrative Arrangements: This section provides information on application or nomination procedures; the selection process; and arrangements for course participants on such matters as travel, accommodations, and health insurance.

1 Courses that have been given new titles without substantial changes in content are not listed as new courses.

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Overview of Headquarters Training and Regional Training Centers

This section provides an overview of the IMF Institute’s training

programs at its Washington Headquarters and each of its seven regional

training centers (RTCs) . For each location it indicates which countries

are eligible for IMF training, describes the process of selecting course

participants, and provides relevant information on websites, application

forms, and training center contacts . Course descriptions and schedules

for the different training centers are provided in subsequent sections of

the catalog . Information on distance learning (DL) courses is included

with the information on training at Headquarters . This catalog does not

provide information on IMF training that is not delivered or coordinated

by the IMF Institute or on training at the RTCs by other organizations .

Training Catalog 2008 | page 11

Training at IMF Headquarters (HQ) in Washington, D.C. is offered in four languages—Arabic, English, French, and Spanish. Much of the HQ curriculum is devoted to relatively long courses that involve many IMF staff and would be impractical to offer at the RTCs. These include the Institute’s six-week course on Financial Programming and Policies, the four- and five-week courses on Macroeconomic Diagnostics, and Macroeconomic Management and Fiscal Policy, and several five- or six-week courses on macroeconomic statistics.

Eligible Countries: All IMF member countries except those few countries that have been declared ineligible for technical assistance.

Selection Process: Courses are either by application or invitation. Application procedures are described in the section on Administrative Arrangements. For courses by invitation, candidates are nominated by government agencies upon the request of the responsible IMF department.

Website: The current schedule and a full description of courses offered at Headquarters is available at www.imf.org/institute.

Application: The online application form is at www.imf.org/insapply for English and Arabic1 courses, www.imf.org/ins/candidature for French courses, and www.imf.org/ins/solicitud for Spanish courses.

1 Online applications for Arabic courses must be submitted in English.

Contact Information: Contact: Mrs. Gemina Archer-Davies Chief, Administrative Division Address: IMF Institute International Monetary Fund 700 19th Street, NW Washington, DC 20431 U.S.A. Telephone: +1 (202) 623-6660 Fax: +1 (202) 623-6490 E-mail: [email protected]

Internal Economics Training:The IMF Institute, working closely with other IMF departments, organizes an Internal Economics Training Program (IET) for IMF economists. This program provides short courses and half-day seminars to IMF economists to strengthen and update their analytical skills. Although the program is designed primarily for IMF staff, in some multi-day courses a limited number of seats are offered to member-country officials, provided they can cover their own expenses. An IMF Institute committee selects the countries to be invited to these courses. The IMF Governor for each country is responsible for nominating the appropriate officials and disseminating information to suitable candidates. The current schedule of IET courses and seminars is available at www.imf.org/external/np/ins/courses/internal.aspx.

IMF Headquarters (HQ) in Washington, D.C.

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Joint Regional Training Center for Latin America (BTC)

The Joint Regional Training Center for Latin America in Brazil (BTC) was established in 2001 by the Government of Brazil and the IMF. Courses are generally offered in English and Spanish, with interpretation into Portuguese, for government officials mainly from Latin America.

Eligible Countries: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay, and Venezuela.1

Selection Process: Courses at BTC are by invitation only. Candidates are nominated by government agencies upon the request of the responsible IMF department.

Website: The current schedule and a full description of the courses and seminars offered by the IMF Institute at BTC are available at both www.esaf.fazenda.gov.br/parcerias/ccb-esaf/espanhol/home-espanhol-nova.html and the IMF Institute website www.imf.org/institute.

Contact Information:Contact: Ms. Maria Cristina Mac Dowell Acting General Director Address: Escola de Administração Fazendária Estrada de Unaí - BR 251 KM 4 Brasilia - DF 71.686-900 Brazil Telephone: +55 (61) 3412-6514 +55 (61) 3412-6106 Fax: +55 (61) 3412-6314 E-mail: [email protected]

1Officials from the Lusophone countries of Africa (Angola, Cape Verde, Guinea-Bissau, Mozambique, and São Tomé and Príncipe) may be invited to selected courses.

Joint China-IMF Training Program (CTP)

In collaboration with the People’s Bank of China (PBC), the IMF organizes courses in China for Chinese officials. The Joint China-IMF Training Program (CTP) began operations in 2000.

Eligible Countries: China.1

Selection Process: Courses are by invitation only.

Website: The current schedule and a full description of the courses and seminars offered by the IMF Institute at CTP are available both at www.imfctp.org and at the IMF Institute website www.imf.org/institute.

Contact Information:Contact: Mr. Liu Peng Peng

Director of the IMF Training Department, CTP

Address: Joint China-IMF Training Program in Dalian 68 Binhai West Road, Xingang District Dalian, Liaoning Province People’s Republic of China 116013

Telephone: +86 (411) 8240-8840Fax: +86 (411) 8240-8843 E-mail: [email protected]

1Includes Hong Kong SAR and Macao SAR.


Joint India-IMF Training Program (ITP)

The Joint India-IMF Training Program (ITP) in Pune, India is a cooperative venture of the Reserve Bank of India (RBI) and the IMF with support from the government of Australia. This program was inaugurated in July 2006.

Eligible Countries: India, as well as certain other countries in South Asia and East Africa as designated jointly by RBI and IMF.

Selection Process: Courses at the ITP are by invitation only. Candidates are nominated by government agencies upon the request of the responsible IMF department.

Website: The current schedule and a full description of the courses offered by the IMF Institute at ITP are available at both www.rbi.org.in/scripts/itp.aspx and at the IMF Institute website www.imf.org/institute.

Contact Information:Contact: Ms. Shanta Nair

ITP AdministratorAddress: Joint India-IMF Training Program in Pune

ITP Centre, National Institute of Bank Management Kondhwe Khurd, Pune 411048 India

Telephone: +91 (20) 2683-7425 +91 (20) 2683-7426

Fax: +91 (20) 2683-7427 E-mail: [email protected]

Joint Africa Institute (JAI)

The Joint Africa Institute (JAI) is a partnership among the African Development Bank, the IMF, and the World Bank. It began operations in Abidjan, Côte d’Ivoire in 1999, and moved to Tunis, Tunisia in 2003. Courses are offered in English or French.

Eligible Countries: Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Congo, Dem. Rep. of, Congo, Rep. of, Côte d’Ivoire, Djibouti, Egypt, Equatorial Guinea, Eritrea, Ethiopia, Gabon, The Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Libyan Arab Jamahiriya, Madagascar, Malawi, Mali, Mauritania, Mauritius, Morocco, Mozambique, Namibia, Niger, Nigeria, Rwanda, São Tomé and Príncipe, Senegal, Seychelles, Sierra Leone, South Africa, Sudan, Swaziland, Tanzania, Togo, Tunisia, Uganda, and Zambia.1

Selection Process: Participation in courses at the JAI is by invitation. Candidates are nominated by government agencies upon the request of the JAI in cooperation with the responsible IMF department.

Website: The current schedule and a full description of the courses offered by the IMF Institute at JAI are available at both www.afdb.org/jai and the IMF Institute website www.imf.org/institute.

Contact Information:Contact: Mrs. Karin Millett, Director Telephone: +216 (71) 10-2838 Fax: +216 (71) 10-3753 E-mail: [email protected] Contact: Mrs. Raja Gara, Administrative Officer Telephone: +216 (71) 10-3693 Fax: +216 (71) 10-3778 E-mail: [email protected] Address: Joint Africa Institute

c/o African Development Bank EPI Building, Tower A, 10th Floor Rue de Syrie B. P. 323, 1002 Tunis Belvédère, Tunisia

1Officials from Haiti may be invited to selected French-language courses.

The IMF Institute organizes courses for officials from new European Union (EU) member countries and other economies in transition in Europe and Asia at the Joint Vienna Institute (JVI) in Austria.1

Eligible Countries: Albania, Armenia, Republic of Azerbaijan, Belarus, Bosnia and Herzegovina, Bulgaria, Cambodia, China,2 Croatia, Czech Republic, Estonia, Georgia, Hungary, Kazakhstan, Kosovo,3 Kyrgyz Republic, Lao People’s Democratic Republic, Latvia, Lithuania, Macedonia, FYR of, Moldova, Mongolia, Montenegro, Myanmar, Poland, Romania, Russian Federation, Serbia, Slovak Republic, Slovenia, Tajikistan, Turkey, Turkmenistan, Ukraine, Uzbekistan, and Vietnam.

Selection Process: Courses are either by application or by invitation. Application procedures are described in the section on Administrative Arrangements. For courses by invitation, candidates are nominated by government agencies upon the request of the responsible IMF department.

Website: The current schedule and a full description of the courses offered by the IMF Institute at JVI are available at both www.jvi.org and the IMF Institute website www.imf.org/institute.

Application: The online application form for courses is at www.imf.org/insapply.

Contact Information: Contact: Mr. Eduard Hochreiter, Director Address: Joint Vienna Institute Mariahilfer Strasse 97 A-1060 Vienna, Austria Telephone: +43 (1) 798-9495 Fax: +43 (1) 798-0525 E-mail: [email protected]

1The JVI was established in 1992 and is currently supported by two primary members (IMF and the Austrian authorities) and four contributing members (EBRD, IBRD, OECD, and WTO).2Includes Hong Kong SAR and Macao SAR. 3Not a member country, but eligible for technical assistance and training.

The IMF and the Arab Monetary Fund (AMF) established the Regional Training Program (RTP) to increase and coordinate the training offered to their member countries in the Middle East and North Africa region. The RTP, which is located at AMF headquarters in Abu Dhabi, United Arab Emirates, started operations in 1999.

Eligible Countries: Algeria, Bahrain, Comoros, Djibouti, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libyan Arab Jamahiriya, Mauritania, Morocco, Oman, Qatar, Saudi Arabia, Sudan, Syrian Arab Republic, Tunisia, United Arab Emirates, West Bank and Gaza,1 and Republic of Yemen.

Selection Process: Courses are by invitation only. Candidates are nominated by government agencies upon the request of the AMF in consultation with the IMF Institute.

Website: The current schedule and a full description of the courses offered by the IMF Institute at RTP are available at www.amf.org.ae and the IMF Institute website www.imf.org/institute.

Contact Information:Contact: Dr. Saud Al Braikan

DirectorAddress: Economic Policy Institute

Arab Monetary Fund P. O. Box 2818 Abu Dhabi United Arab Emirates

Telephone: +971 (2) 621-5000Fax: +971 (2) 632-6454E-mail: [email protected]

1Not a member country, but eligible for technical assistance and training.

Joint Vienna Institute (JVI)

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IMF-AMF Regional Training Program (RTP)

Training Catalog 2008 | page 1�

IMF-Singapore Regional Training Institute (STI)

In collaboration with the Government of Singapore, the IMF Institute organizes courses for officials from countries in the Asia/Pacific region at the IMF-Singapore Regional Training Institute (STI). This program was inaugurated in 1998.

Eligible Countries: Afghanistan, Bangladesh, Bhutan, Brunei Darussalam, Cambodia, China,1 Fiji, India, Indonesia, Iran, Islamic Republic of, Kiribati, Republic of Korea, Lao People’s Democratic Republic, Malaysia, Maldives, Marshall Islands, Federated States of Micronesia, Mongolia, Myanmar, Nepal, Pakistan, Palau, Papua New Guinea, Philippines, Samoa, Singapore, Solomon Islands, Sri Lanka, Thailand, Timor-Leste, Tonga, Vanuatu, and Vietnam.2

Selection Process: Courses are either by application or by invitation. Application procedures are described in the section on Administrative Arrangements. For courses by invitation, candidates are nominated by government agencies upon the request of the responsible IMF department.

Website: The current schedule and a full description of the courses and seminars offered by the IMF Institute at STI are available at both www.imfsti.org and the IMF Institute website www.imf.org/institute.


Contact Information:Contact: Mr. Sunil Sharma, Director

Address: IMF – Singapore Regional Training Institute 10 Shenton Way MAS Building 14-03 Singapore 079117 Singapore

Telephone: +65 (6) 225-5311 Fax: +65 (6) 225-6080 E-mail: [email protected]

1Includes Hong Kong SAR and Macao SAR. 2Officials from Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan, Uzbekistan, and small non-member Pacific island countries may be invited to selected courses.

Other Training Venues (OT)

The IMF also delivers courses at venues other than its Washington Headquarters and seven regional training centers. This “other training” (OT) is not coordinated by the IMF Institute, and plans for many of the OT courses were still tentative as this catalog went to print. The IMF Institute is planning to offer six of its own courses at OT venues during 2008, in most cases multiple times. For these six courses, the course description section includes a second locator bar showing the regions in which OT deliveries are planned. Information on the exact locations and dates, language of instruction, and other relevant details will be posted on the IMF Institute’s website (www.imf.org/institute) as plans become firm.

Course Descriptions

The following is a consolidated list of the courses offered at

Headquarters and the seven regional training centers by the IMF

Institute and other IMF departments during calendar year 2008,

presented in alphabetical order by course title . The bar under each

course indicates where the course will be delivered by highlighting those

locations . Course schedules for Headquarters and each of the seven

regional training centers, which may be found toward the back of this

catalog, provide information on dates, language of instruction, and other

relevant details . The last page of the catalog provides a list of application

deadlines for relevant courses .

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Anti-Money Laundering and Combating the Financing of Terrorism (AML)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Target Audience: Varies, as indicated by titles of specific workshops. May be targeted at financial sector supervisors, financial intelligence unit (FIU) officials, criminal justice officials, or some other specific group.

Please note locations where the workshops will be offered and check the corresponding course schedule for the specific target group of officials.

Qualifications: Attendance is by invitation only. Prerequisites are specified in invitation letters.

Description: These one-week workshops, presented by the IMF’s Legal Department, aim to enhance and strengthen the capacities of various groups of officials engaged in anti-money-laundering (AML) and combating the financing of terrorism (CFT).

The workshops for financial sector supervisors aim to focus on risk-based supervisory measures and procedures needed for on-site bank inspections to review the level of compliance with laws and regulations with respect to customer identification and due diligence; transaction monitoring and recordkeeping; and identification and reporting of unusual/suspicious transactions. They also examine and demonstrate the types of measures that should be applied in assessing the adequacy of AML/CFT risk management controls in insurance and securities firms.

The workshops for criminal justice officials cover issues related to criminal prosecutions of money laundering and financing of terrorism; seizing and freezing powers and other provisional measures concerning criminal proceeds and assets linked to terrorism, forfeiture of criminal proceeds, and terrorist finance instruments; international cooperation, including mutual assistance; money laundering and terrorist finance typologies; and techniques used for successful AML/CFT cases.

The workshops for FIU officials provide training on the analysis of financial information and on how to generate intelligence from the financial and other information they analyze in order to put together cases for successful prosecution.

Applied Economic Policy (AEP)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Target Audience: Junior- to mid-level officials.

Qualifications: Participants are expected to have a degree in economics or a related field, and at least two years of professional experience.

Description: This ten-week course is taught jointly by the sponsoring members of the Joint Vienna Institute. Segments taught by the IMF cover macroeconomic management issues and financial programming. Other segments include governance and public sector management, social and labor market policies, private sector development and corporate governance, financial sector issues, trade policy and international trade regimes, and issues of economic integration in the European context.

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The two-week IMF segment on Macroeconomic Management Issues introduces participants to the key macroeconomic policy issues and trade-offs facing government officials, with special emphasis on the problems facing transition economies. Lectures discuss macroeconomic policies (fiscal, exchange rate, and monetary) and issues (such as those related to the financial sector, international capital flows, and sustainability), stressing the inter-connections between different policies and how to design an appropriate policy package. Participants apply the analytical tools developed in the lectures in a series of hands-on workshops led by counselors.

The two-week IMF segment on Financial Programming reviews the analytical framework, techniques, and policy issues that arise when preparing a macroeconomic adjustment program, building on the concepts presented in Macroeconomic Management Issues. The content and design of financial programming is covered in depth. Lectures introduce participants to the accounting framework, economic analysis, and forecasting techniques underlying the design of macroeconomic policies, including the interrelations among the real, fiscal, external, and monetary sectors of an economy. Linked to these lectures are workshops in which participants are divided into small groups and, working under the direction of a counselor, have the opportunity to apply forecasting techniques to the case study country. On the basis of their forecasts, participants prepare a financial program for the case study country, in which policy proposals are identified and quantified.

Balance of Payments Statistics (BPS)

The Six-Week BPS


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Target Audience: Officials whose main responsibility is compiling balance of payments statistics. The course is not aimed at officials engaged in the analysis of balance of payments developments.

Qualifications: Participants should have a degree in economics or equivalent.

Description: This six-week course, presented by the IMF’s Statistics Department, provides training on the methodology for collecting and compiling balance of payments and international investment position statistics based on the IMF’s sixth edition of the Balance of Payments Manual (BPM6). It consists of a series of lectures, discussions, practical exercises, and case studies. Lectures and class discussions focus on general concepts and compilation practices, while exercises and case studies provide participants with an opportunity to put knowledge learned into practice. During the course, participants are afforded an opportunity to discuss problems that they have actually encountered in the course of their work on compilation of balance of payments and international investment position statistics in their respective countries.

The course covers (1) the conceptual framework of the balance of payments and international investment position, including the double-entry system; concepts of economic territory, residence, and center of economic interest; principles for valuation and time of recording; and the unit of account and conversion; (2) classification and coverage of the standard components of the balance of payments and the international investment position, including goods, services, income, current and capital transfers, direct investment, portfolio investment, financial derivatives, other investment, and reserves; (3) data sources and methods used to collect and compile the statistics, including the use of administrative data, enterprise surveys (including survey design and sampling methods), and use of an international transactions reporting system; and (4) other topics, including external


debt statistics, the relationship between balance of payments statistics and other macroeconomic statistics, dissemination standards, analysis and use of balance of payments statistics, 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 One-Week BPS


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Target Audience: Senior managers involved in the compilation of balance of payments statistics and international investment positions.

Qualifications: Participants should have a degree in economics or equivalent.

Description: This one-week course, presented by the IMF’s Statistics Department, introduces the new Balance of Payments Manual (BPM6). Participants will be provided with the draft Manual, given an overview of its key concepts and principles, and asked to provide expert comments on the salient features. BPM6 is scheduled to be finalized at end-2008.

The course is intended to introduce and elicit comments from experts on the new BPM6 before it is finalized.

Central Bank Accounting: Strengthening Central Bank Independence through Transparency and Efficiency (CBA)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Target Audience: Senior financial accountants responsible for controlling the central bank’s accounting operations and preparing its financial statements and chief internal auditors.

Qualifications: Relevant responsibilities; see target audience.

Description: This one-week course, presented by the IMF’s Monetary and Capital Markets Department, addresses the conceptual and operational aspects of preparing central bank financial statements in a form consistent with International Financial Reporting Standards (IFRS).

The course will examine reporting requirements to achieve central bank transparency, developments in IFRS, operational aspects of an accounting department and governance arrangements at central banks. It will deliver both conceptual and practical material on the preparation of financial statements and central bank accounting. It will be organized around a series of presentations by participating experts, case studies, question and answer sessions, work groups exercises and open discussion of work group conclusions. The focus will be on an open exchange of views and practices between experts and participants.

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Designing Effective Legal Frameworks for Problem Banks and Resolving Banking Crises (CRE)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Target Audience: Senior legal officials of central banks, bank supervisors, ministries of finance, justice, and related government agencies involved with developing bank regulatory and bank insolvency frameworks and who are responsible for dealing with issues associated with weak banks and failing banks.

Qualifications: By invitation only; the IMF’s Legal Department will contact the authorities for their nominations, and then select participants from among the candidates nominated.

Description: This one-week course, presented by the IMF’s Legal Department, will cover the legal and institutional aspects of designing and enforcing frameworks for problem banks and bank insolvency. Particular emphasis will be placed on legal reforms that support the development of effective and efficient bank crisis resolution. Issues to be addressed include bank insolvency frameworks, effective early bank supervisory intervention mechanisms, non-performing loans, deposit insurance schemes, emergency liquidity financing, and problems with implementation of bank resolution frameworks through the courts. General creditors’ rights, topics of secured transactions, moveable property registries and credit bureaus may also be addressed.

Economic Policies for Financial Stability (EFS)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)


Middle EastEuropeAsiaAfrica WesternHemisphere

Target Audience: Mid- to senior-level officials involved in the formulation of macroeconomic and financial policies.

Qualifications: Participants are expected to have an advanced degree in economics or equivalent experience.

Description: This new two-week course offered by the IMF Institute, occasionally in collaboration with other international and regional organizations, examines macroeconomic and micro-prudential policies to safeguard financial stability. It explores lessons from recent crises by discussing the macroeconomic causes, consequences, and policy responses to stress in financial markets and banking systems. Particular attention is paid to the interaction of macroeconomic, financial, supervisory and regulatory frameworks and policies that underpin financial stability. Early warning systems and techniques for assessing financial stability are also addressed. Participants may be asked to make short presentations on topics of interest in their countries.

NEWCOURSE


External Sector Issues (ESI)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Target Audience: Mid- to senior-level officials from central banks and government agencies involved in the design and implementation of external sector policies.


Description: This two-week course, presented by the IMF Institute, aims to broaden participants’ understanding of the issues involved in formulating external sector policies, particularly in the context of macroeconomic adjustment and structural reform. Topics may include balance of payments analysis and forecasting; trade policy; exchange rate arrangements and policies; current and capital account convertibility; issues related to capital inflows; and external debt policy. Participants are expected to make short presentations on key external sector issues in their countries.

External Vulnerabilities (EXV)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)



Target Audience: Mid- to senior- level officials from central banks and government agencies involved in the design and execution of policies that have an impact on the soundness of their country’s external position.


Description: This new two-week course, presented by the IMF Institute, aims to broaden participants’ understanding of external sector vulnerabilities. Drawing in part upon the latest work of the IMF, the course aims to provide participants with a comprehensive set of analytical tools for assessing these vulnerabilities and various policy responses. The skills developed during the course allow participants to inform a wide range of policies, notably those that pertain to external debt and foreign reserve management, capital account liberalization, and the management of foreign aid flows. Participants are expected to make presentations on a specific aspect of external vulnerabilities based on their country experiences.

The course is articulated in three sequential steps:• First, the course discusses the ‘traditional’ approach to analyzing the viability of external

imbalances. The focus is on current account sustainability, the current account position and structure of the underlying financing, the linkages between the current account and external debt dynamics, and vulnerabilities related to current account shocks. In this regard, the course examines the IMF’s external debt sustainability framework and provides an overview of the operational indicators used to assess external vulnerabilities. In addition, the unsustainability of current account positions as an underlying cause of external crises is analyzed.

NEWCOURSE

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• Second, the course stresses that assessing external vulnerabilities cannot be limited to current account analysis alone since external crises may also occur because of stock imbalances and capital market factors. Thus, 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 is presented as a complement to the traditional flow-analysis. In this context, lessons from recent capital account crises are discussed.

• Finally, the course addresses the vulnerabilities associated with certain macroeconomic policies of relevance to African countries. In particular, it examines the vulnerabilities linked to capital account liberalization as well as arguments in favor of a gradualist approach. In addition, it analyzes the vulnerabilities that a scaling-up of foreign aid could produce. Thus, the potential hazard of aid-induced Dutch disease, the volatility and unpredictability of aid, and the macroeconomic impact of different categories of aid-financed spending are discussed.

Financial Market Analysis (FMA)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Target Audience: Mid-level officials in central banks, ministries of finance, and regulatory agencies.

Qualifications: Participants are expected to have some familiarity with basic techniques in statistics and probability. It is essential that participants be proficient in the use of spreadsheets.

Description: This two-week course, presented by the IMF Institute, examines the role and function of capital markets, and addresses issues related to the development of such markets. To this end, it develops the main ideas and techniques of financial analysis that are part of the toolkit of policymakers. These tools are used to study the characteristics of financial instruments and pricing, as well as to analyze portfolios of assets and issues related to the financing decisions of firms. In addition to discussing the use of these tools in developed markets, the course considers how they can be applied in an emerging-market setting. Topics include:

• financing options for firms; • markets for short- and long-term instruments;• bond pricing and volatility–duration and convexity;• term structure of interest rates;• equity pricing;• asset allocation and diversification; and• value at risk.

Workshops, which are an integral part of the course, require participants to apply some of the techniques presented.


Financial Markets and New Financial Instruments (FMN)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Target Audience: Mid- to senior-level officials in central banks, ministries of finance, and regulatory agencies.

Qualifications: Participants should have responsibility for dealing with financial markets, training in mathematics and basic statistics, and familiarity with topics covered in the course on Financial Market Analysis (FMA).

Description: This two-week course, presented by the IMF Institute, explores the nature of financial intermediation, the role of financial markets and institutions in the allocation of resources, and the need for regulatory mechanisms to create the appropriate incentives for all participants in the financial system. The course pays particular attention to the emergence of derivative markets and instruments, analyzing the conceptual bases of the new instruments, including their pricing and trading strategies, as well as how financial entities use them in risk management. Topics include:

• financial market structure; • capital markets (short-term and long-term finance);• securitization; • derivatives and their pricing (futures, forwards, swaps, options, credit derivatives);• commercial bank risk management; • credit risk models; • the regulation of banks, capital markets, and derivatives; and• the origin and nature of financial crises.

Financial Programming and Policies (FPP)

Target Audience: Mid- to senior-level officials–primarily in such ministries as finance, economy, and planning, or in central banks–who provide advice on macroeconomic and financial policy or who are involved in policy implementation.

Qualifications: Participants are expected to have an advanced degree in economics or equivalent experience, along with proficiency in the use of spreadsheets.

The Six-Week FPP


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Description: This course, presented by the IMF Institute, aims at extending participants’ understanding of the design and implementation of macroeconomic and financial policies, drawing on the IMF’s experience in economic surveillance, the design of financial programs, and the provision of technical advice to member countries. The course covers:

• the principal features of the different accounts used in macroeconomic analysis (i.e., the national income, balance of payments, fiscal, and monetary accounts) and the interrelations among these accounts, and forecasting methods for each sector;

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• the diagnosis of macroeconomic performance and analysis of the effects of macroeconomic and structural policies on the main variables of interest to policymakers, including output, prices, and the balance of payments; and

• the preparation of a macroeconomic policy program.

The course material is presented in a framework that emphasizes the complementarity of macroeconomic stabilization policies and structural reforms and the importance of policy coordination for sustained growth. 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, under the guidance of counselors, to prepare sectoral forecasts and macroeconomic policy programs for a case study country.

The Two-Week FPP


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)



Description: This course provides an introduction to financial programming through a condensed focus on the material covered in the six-week course.

Financial Programming and Policies through Distance-Learning (FPP-DL)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Target Audience: Mid- to senior-level officials who provide advice on macroeconomic and financial policies, or who are involved in policy implementation in such ministries as finance, economy, and planning or in central banks.

Qualifications: Participants should have an advanced degree in economics or equivalent experience. Proficiency in the use of spreadsheets and a reliable internet connection are essential to the course. Applicants for the course must attest in writing that they have computer access and the following skills, equipment and software:

• e-mail account and experience in electronic file transmission over the Internet;• proficiency in working with Excel spreadsheets; and • computer with a CD-ROM drive, sound card, Windows (98 or more recent edition), Excel,

Word, and Internet access.

Description: The course is designed to address the training needs of officials who are unable to attend long courses away from their jobs. It consists of a ten-week computer-based distance-learning segment, which allows participants to remain on the job while studying part-time, followed by a two-week residential segment. During the distance-learning segment, participants interact on a continuing basis with their course counselors, and are also able to interact electronically through a discussion forum on the DL website with other participants around the world (whom they will later meet during the residential segment). Participants are expected to be given time by their supervisors to work on the course materials and submit their assignments


on schedule. Only those participants who successfully complete the distance-learning segment, including all assignments, are invited to the residential workshop.

In comparison with the six-week FPP, this course focuses more on accounts, analysis, forecasting, and basic financial programming skills. The distance-learning segment covers the macroeconomic accounts and their interrelationships; the main policies affecting macroeconomic performance; techniques for forecasting macroeconomic variables; and the preparation of a baseline scenario for the case study country. During the residential learning segment, participants attend lectures on relevant topics; finalize the baseline scenario for the case study country; and prepare an adjustment program for the case study country.

Financial Programming and Policies with Inflation Targeting (FPP-IT)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Target Audience: This five-week course, presented by the IMF Institute, is designed for senior officials from central banks and ministries of finance and the economy who provide advice on macroeconomic and financial policy or who are involved in policy implementation.

Qualifications: Participants should have an advanced degree in economics or equivalent experience, as well as proficiency in the use of spreadsheets.

Description: The FPP-IT uses the main building blocks of a standard FPP course—sector interrelations and adjustment policies—but places significant emphasis on instilling awareness of analytical and technical issues related to an inflation targeting (IT) strategy and the channels of monetary transmission. Special attention is given to how central bankers following an IT strategy respond to macroeconomic disequilibria arising from domestic and external shocks, and to the attendant effects on output and inflation.

The course includes lectures on the main policy issues underlying adjustment programs, emphasizing complementarity and coordination aspects. Case studies are presented on current economic issues and on the experiences of countries that have adopted an IT strategy. The course includes a series of workshops in which participants are divided into groups, under the guidance of counselors, to work on analytical and forecasting techniques for the macroeconomic sectors and on various specialized topics, including IT techniques. The final part of the course is devoted to the preparation of a hypothetical adjustment program for an IT country from Latin America.

Financial Sector Regulation and Selected Financial Transactions: An Introduction for Lawyers (FTL)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Target Audience: Lawyers from transition economies who are involved in financial sector regulations and/or transactions.


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Description: This two-week course, presented by the IMF’s Legal Department, provides a general introduction to the institutional and legal infrastructure that is necessary to support market-based financial transactions, a selection of which will be discussed during the course. It therefore covers basic institutional and functional aspects of central banking, payment systems, banking supervision, capital market transactions and bankruptcy. It also covers the financial transactions and operations of the IMF.

Financial Soundness Indicators (FSI)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Target Audience: Officials at central banks and supervisory agencies for the financial sector who are involved in the collection, compilation, and analysis of financial soundness indicators.

Qualifications: Involvement in the collection, compilation, or analysis of financial soundness indicators.

Description: This two-week course, presented by the IMF’s Statistics Department, covers concepts and definitions, data sources, and techniques for the compilation of Financial Soundness Indicators (FSIs) that serve to support macroprudential analysis. It discusses how the analysis of financial soundness is served by the logic of the construction of the indicators, and it covers the fundamental aspects of the construction of FSIs (such as coverage, aggregation, consolidation, valuation) as contained in the Compilation Guide for Financial Soundness Indicators. There is also discussion of general dissemination issues for FSIs. The topics are covered through lectures and workshops (hands-on exercises on the compilation of FSIs).

Financial Taxes (FTX)


Washington, DC(HQ)


Dalian, China

(CTP)Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Target Audience: Mid- to senior-level officials involved in tax policy and (to a lesser extent) tax administration in ministries of finance and revenue administrations.

Qualifications: Participants should have some experience in income tax matters.

Description: This one-week course, presented by the IMF’s Fiscal Affairs Department, deals with the tax treatment of financial activities—one of the most technically difficult areas of tax policy and design, and also one of great and increasing importance in many emerging market countries. It covers:

• the tax treatment of capital income (interest, dividends, or capital gains) and its potential effects on the level of savings, on the form in which savings are held, on the way in which companies structure their financial activities, on the level of real investment, and on tax revenues;

• taxes on financial transactions; • the tax treatment of government debt; and• the taxation of derivatives and other synthetic financial instruments.


Fiscal Transparency and Natural Resource Taxation (FTS)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Target Audience: Mid- to senior-level officials with responsibilities in revenue or budgetary policy and management.


Description: This one-week course is presented by the IMF’s Fiscal Affairs Department. The section on fiscal transparency provides an overview of fiscal transparency issues, and then separately, the four main components of the Guide on Natural Resource Revenues and how they relate to the overall Code/Manual on fiscal transparency. The section on tax policy covers the main issues in designing natural resource tax regimes, including risk-sharing and other issues, and the roles of taxes, royalties, and production-sharing regimes. The interaction of tax policy and administration may be examined. There is also a discussion on the Extractive Industry Transparency Initiative. Participants are asked to make presentations and to participate in discussion sessions in order to share experiences.

Government Finance Statistics (GFS)

Target Audience: Officials whose main responsibility is the compilation, rather than the analysis, of public finance statistics.

Qualifications: Participants should have a degree in economics or the equivalent.

The Five-Week GFS


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Description: This course, presented by the IMF’s Statistics Department, focuses on the conceptual framework of government finance statistics (GFS) as presented in the IMF’s revised Government Finance Statistics Manual, 2001, as well as on the practical aspects of data compilation. Basic concepts, accounting principles, and detailed classifications are dealt with in the context of a new methodology that has been harmonized with the larger system of national accounts. The course examines the coverage and accounting rules of the new GFS framework (including accrual accounting), the double entry accounting system, valuation, timing, classification, and the sources and methods used for compiling the statistics. The course is organized around a series of case studies, each a self-contained exercise based on government accounts and other data sources.

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The Two-Week and Three-Week GFS


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Description: The two-week and three-week courses cover the same material as the six-week course, but in a condensed manner.

Implementing Inflation Targeting (IT)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Target Audience: Mid- to senior-level officials in central banks that are planning or considering the adoption of inflation targeting, or that have recently adopted inflation targeting.


Description: This course, presented by the IMF’s Monetary and Capital Markets Department, provides a practically-oriented overview of the main elements involved in establishing and operating an inflation targeting framework, including institutional arrangements, target specification, current analysis and forecasting, and communications. The course draws on the experiences of a wide range of countries and addresses issues of particular relevance to emerging market and developing countries, including the role of the exchange rate and foreign exchange intervention in the policy framework, uncertainties surrounding policy transmission mechanisms, and implementation of policy in shallow financial markets.

Inflation Targeting (ITI)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Target Audience: Mid- to senior-level officials involved in monetary policy issues. Participants are expected to participate actively in group discussions and workshops during the course.

Qualifications: Participants are expected to have an advanced degree in economics or equivalent experience, along with proficiency in the use of spreadsheets.

Description: This two-week course, presented by the IMF Institute, gives participants an insight into the rationale for, and the prerequisites of, adopting an inflation-target framework to conduct monetary policy. It addresses some of the issues that have led a number of advanced and developing countries to adopt inflation targeting; case studies on the experiences of such countries are discussed. The course also examines prior reforms needed to establish a successful inflation targeting framework and the operational issues to be considered to implement such a framework.


International Investment Position/External Debt Statistics (EDS)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Target Audience: National compilers of balance of payments and/or external debt statistics.


Description: This two-week course, presented by the IMF’s Statistics Department, is intended to provide participants with an understanding of the conceptual framework for the compilation of international investment position statistics, including external debt statistics, and with practical guidance on the collection of these statistics. The course is based on the new Balance of Payments Manual. It further seeks to stimulate the exchange of experiences and ideas across the target region and identify the extent to which all participating countries share problems in improving data on cross-border positions.

Participants from each country are expected to prepare, in advance, a short (2-3) page note on international investment position and/or external debt compilation.

Legal Aspects of International Financial Institutions (LAIF)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

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.


Description: This one-week course, presented by the IMF’s Legal Department, covers legal, institutional and operational aspects of international financial institutions (including the IMF, the Bank of International Settlements, and the World Bank), as well as those related to the World Trade Organization, and explores the linkages and relationships between these institutions. Institutions to be covered each year may vary.

Macroeconomic Diagnostics (MDS)

Target Audience: Mid- to senior-level officials, either in central banks or in ministries such as finance and economy, who are closely involved in assessing overall macroeconomic developments and prospects.

Qualifications: Participants are expected to have an advanced degree in economics or equivalent experience, good quantitative skills, and proficiency in the use of computers to analyze data.

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The Four-Week MDS


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Description: This course, presented by the IMF Institute, aims at strengthening the ability of participants to assess a country’s macroeconomic situation, emphasizing practical tools for use in day-to-day macroeconomic analysis of developments in complex economies. The course draws heavily on actual country experiences and focuses on diagnostic and analytic tools that typically are not well covered in macroeconomics textbooks or in university courses. The lectures cover three broad areas:

• Understanding the current state of the macroeconomy. This module considers tools that can be used for analyzing current developments in aggregate demand and supply, inflation, the labor market, and the external sector.

• Assessing medium-term flows, balance-sheet effects, and sustainability. This module examines tools for analyzing the macroeconomy in a medium-term setting, including evaluation of the government’s financial position, competitiveness and the exchange rate, the country’s external position, and corporate and financial sector balance sheets.

• Measuring the macroeconomic effects of policy. The focus in this module is on how to gauge the impact of fiscal and monetary policies on the economy, rather than on what policies should be followed.

Participants are expected to engage in discussions throughout the course and are divided into small groups, under the direction of counselors, to conduct practical workshop exercises that apply the diagnostic and analytical tools discussed during the lectures.

The Two-Week MDS


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Description: The two-week MDS is a condensed version of the four-week course.

Macroeconomic Forecasting (MF)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Target Audience: Mid- to senior-level officials involved in developing forecasts that are used in the design and implementation of macroeconomic policy.

Qualifications: Participants should have an advanced degree in economics or equivalent experience. They should also be comfortable using software for econometric applications such as EViews or PCGive.

Description: This two-week course, presented by the IMF Institute, aims to strengthen participants’ macroeconomic forecasting and modeling skills through the application of modern econometric techniques. Lectures are designed to include a discussion of underlying theory, live presentations of empirical analyses on a personal computer, and hands-on learning by participants in a computer lab. The course focuses on four aspects of empirical model building and forecasting:

• data and model properties, including integration and cointegration;


• dynamic specification, including the use of error correction models;• model evaluation and model design; and• forecast uncertainty, forecasting for policy, and policy analysis.

Participants apply the techniques that they learn to a case study country for which they estimate a model, evaluate it, and then use it for forecasting.

Macroeconomic Implications of Fiscal Issues (MIF)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

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.

Qualifications: Participants are expected to have a degree of economics or a related field, experience in macroeconomic analysis, and facility with MS Excel software.

Description: This two-week course, presented by the IMF-Singapore Regional Training Institute, 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. Separate lectures are devoted to fiscal accounts and analysis, issues in tax policy and administration, expenditure issues, fiscal forecasting, fiscal sustainability, interrelations between the fiscal sector and the rest of the economy, and the fiscal dimension in financial programming. There are also presentations on selected fiscal issues of current interest.

About half the course time is allocated to workshops. These include sessions on fiscal accounting and analysis, tax and expenditure policy, fiscal sustainability, and fiscal forecasting. There is also a mini-financial programming exercise focused on fiscal issues.

Macroeconomic Management and Debt Issues (MDI)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Target Audience: Mid- to senior-level officials, preferably from ministries of finance, debt agencies, or central banks, who provide advice on or implement macroeconomic and debt policies.


Description: This two-week course, presented by the IMF Institute, covers both conceptual issues and practical applications and includes:

• Sessions on policy issues. This module mainly addresses debt management policy from both macroeconomic and microeconomic perspectives, debt restructuring, the coordination of debt management policy with other policies, financial and debt crises, and financial market development.

• Sessions on concepts and techniques. This module covers different concepts of debt, a framework for debt sustainability analysis, debt restructuring mechanisms, and the HIPC and MDRI Initiatives.

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• Case studies and workshops that illustrate the application of debt concepts, restructuring mechanisms, and debt sustainability analysis.

Participants are divided into small groups, under the direction of counselors, to conduct practical workshop exercises that apply the analytical tools presented during the lectures.

Macroeconomic Management and Financial Sector Issues (MMF)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)



Target Audience: Mid- to senior-level officials in central banks, ministries of finance, and regulatory agencies involved in the formulation and implementation of macroeconomic and financial policies.

Qualifications: Participants should have an advanced degree in economics or equivalent experience.

Description: This two-week course, presented by the IMF Institute, examines the policy dilemmas confronting authorities in developing and emerging market economies, and the options available to policymakers, with special attention to how financial sector issues interact with macroeconomic management. The course covers a number of key macroeconomic topics, such as stabilization and growth, fiscal and external debt sustainability, inflation targeting and other frameworks for monetary policy, choice of the exchange rate regime, and international capital flows. It also addresses financial sector topics, such as the development, structure, and functions of financial markets; financial sector reform strategies; regulation of the financial system; assessment of financial fragility, financial crises and policies to deal with the aftermath of financial crises; and issues in the evolving international financial architecture.

Participants are expected to make presentations on key policy issues of interest in their countries.

Macroeconomic Management and Fiscal Policy (MFP)

Target Audience: Mid- to senior-level officials who participate in the formulation and implementation of macroeconomic and fiscal policies in their countries.


The Five-Week MFP


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Description: This course, presented by the IMF Institute, aims at deepening participants’ understanding of fiscal policy issues and their implications for macroeconomic management. It covers the interrelations between fiscal variables and macroeconomic aggregates, and the


main aspects of the design and implementation of fiscal policy as an instrument to achieve macroeconomic adjustment, growth, and poverty reduction. The course draws on the IMF’s experience in providing fiscal policy advice, on studies undertaken by IMF staff, and on selected research by outside scholars. Country case studies are used to illustrate the challenges faced by the authorities in addressing fiscal policy issues. The course includes:

• Sessions on the accounting, analysis, and forecasting of government operations. This module presents the new fiscal framework (net worth approach) as an analytical tool for assessing the government financial position. It also covers the interrelations between fiscal and other macroeconomic accounts, as well as the design of fiscal adjustment in the context of a financial program aimed at achieving sustainable growth.

• Sessions on policy issues. This module covers macroeconomic aspects of fiscal policy, including issues related to stabilization–such as the need to estimate cyclically-adjusted fiscal balances, to assess the role of automatic stabilizers and discretionary actions, and to determine the size and composition of fiscal adjustment. There are also sessions on fiscal sustainability, debt relief and the HIPC initiative, and various structural and institutional fiscal issues, such as growth and poverty reduction, tax reform and administration, expenditure policy and management, civil service reform, privatization, decentralization, and governance.

• Case studies and workshops. This module includes presentations of country case studies related to particular aspects of fiscal policy, such as fiscal adjustment, tax reform, and poverty reduction, and several workshops on the frameworks for fiscal analysis, fiscal sustainability, and debt management.

During the course, participants are expected to work in small groups on a topic of their choice on which they make a presentation at the end of the course. Prior to joining the course, participants are encouraged to identify possible topics and gather relevant information.

The Two-Week MFP


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)



Description: This two-week course provides a condensed version of the material covered in the five-week MFP.

Macroeconomic Management for Senior Officials (MMSO)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Target Audience: Senior officials–division managers and supervisors of economic staff–in central banks, ministries of finance and economy, and relevant planning agencies.

Qualifications: Participants are expected to have a degree in economics or a related field, or experience with economic policy-making, and be overseeing the work of economists. Officials whose subordinates have attended courses in financial programming or macroeconomic management are especially encouraged to apply.

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Description: This seminar, presented by the IMF-Singapore Regional Training Institute, addresses the key macroeconomic issues facing policy-makers, with particular reference to Asian and Pacific countries. A series of lectures designed to encourage debate and discussion covers such subjects as strategies for enhancing economic growth, inflation targeting and other approaches to monetary and exchange rate policy, fiscal and external sustainability, and macroeconomic and financial surveillance. Linkages across macroeconomic sectors are also discussed, and there is a demonstration of financial programming for a case study country in the region. Selected country case studies are introduced and discussed to illustrate the broad themes presented in the lectures.

Monetary and Exchange Rate Policy (MERP)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)



Target Audience: Mid- to senior-level officials involved in monetary and exchange rate policy issues.

Qualifications: Participants should have an advanced degree in economics or equivalent experience.

Description: This two-week course, presented by the IMF Institute, introduces participants to the different types of monetary policy strategies and exchange rate arrangements that countries may choose, emphasizing that the two choices must be mutually consistent. It addresses the factors that are relevant in choosing an exchange rate regime and monetary policy strategy, the consequences of different choices, and the choices that tend to be desirable for different types of countries.

The lectures on monetary policy under flexible exchange rate regimes give particular emphasis to forward-looking strategies for setting a policy interest rate, including inflation-targeting strategies. The course focuses on the nature of the monetary policy transmission mechanism; the implications of financial globalization and capital flows; other factors that influence the effectiveness of monetary policy; and the roles of expectations, policy credibility, and transparency. Considerable attention is paid to the implementation of monetary policy, including the use of models and the design of a structured system for monetary policy analysis. The course also discusses different concepts and measures of exchange rates, the assessment of competitiveness and equilibrium exchange rates, the interaction between the exchange rate system and the potential fragility of the financial sector, and the pros and cons of capital controls. The lectures include case studies of the experiences of selected countries with different types of monetary policy and exchange rate arrangements.

Participants are expected to engage in discussions throughout the course and are divided into small groups, under the direction of counselors, to conduct practical workshop exercises aimed at solidifying their understanding of the lecture material.


Monetary and Financial Statistics (MFS)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Target Audience: Central bank officials responsible for the compilation of monetary statistics.


Description: This three-week course, presented by the IMF’s Statistics Department, is designed to assist officials in the compilation of monetary and financial statistics in accordance with international best practices. The course material is based on the Manual on Monetary and Financial Statistics and the Compilation Guide for Monetary and Financial Statistics, which expand on the definitions, classifications, and valuation principles for monetary and financial macroeconomic analysis while maintaining consistency with the System of National Accounts 1993.

The course discusses the principles of economic sectorization, the characteristics and classification of financial instruments, and valuation and other accounting issues that are relevant to the compilation of analytical accounts for the entire financial sector, comprising the central bank, other depository corporations, and other financial corporations. The second part of the course is devoted to 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. The framework for financial statistics (also called financial accounts or flow of funds in a number of countries) also studies the interrelationships among the monetary, financial, balance of payments, government finance, and national accounts statistics. The course consists of lectures, workshops, and case studies.

National Accounts Statistics (NAS)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Target Audience: The NAS course is primarily designed for compilers and managers employed by agencies responsible for the official estimate of gross domestic product, with several years of experience compiling national accounts statistics.

Qualifications: Candidates should have a degree in economics or the equivalent.

Description: This five-week course, presented by the IMF’s Statistics Department, covers theoretical and practical aspects of the implementation of the System of National Accounts 1993 (1993 SNA). The course provides training on the estimation of goods and services transactions at current and constant prices when compiling the annual national accounts.

The course starts with a synopsis of the theory of the national accounts by reviewing the 1993 SNA recommendations on units and groupings, accounting rules, and the sequence of accounts. A discussion of the production boundary in the 1993 SNA introduces a series of sessions on the production process, covering the definition and measurement of output and intermediate consumption, the treatment of particular activities, valuation issues, inventory adjustment, capital formation, and consumption of fixed capital. Attention is given to foreign trade and final consumption expenditure before all goods and services transactions are brought together in the framework of Supply and Use tables. A number of sessions are devoted to the compilation of price and volume measures and the estimate of real GDP.

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The course pays particular attention to practical estimation aspects, discussing among other things how to handle information from common basic statistics as well as methods to make estimates when few basic data are available.

The course is conducted through lectures, workshops, roundtables, and case studies. Emphasis is placed on sharing country experiences among the participants.

Payment Systems (PS)Headquarters (HQ) and Regional Training Centers (RTCs)

Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Target Audience: Senior payment system experts at central banks.

Qualifications: Several years as a payment system expert.

Description: This one-week course, presented by the IMF’s Monetary and Capital Markets Department, covers the latest developments in payment and settlement systems, including recent trends in large value payments, retail payments and securities settlement systems. The course focuses on the linkage between payment systems, monetary operations, and financial stability. The crucial role of the central bank in promoting sound and efficient national payment and settlement infrastructures is discussed. The Financial Sector Assessment Program (FSAP) experiences from assessing payment and settlement systems are shared with the participants. Group discussions consider how the soundness and robustness of the national payment and settlement systems can be improved.

Price Statistics (PRS)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Target Audience: Compilers of price indices.


Description: This two-week course, presented by the IMF’s Statistics Department, aims to encourage greater bilateral communications among the compilers of price indices in the participating countries. The course focuses principally on consumer and producer price indices, but also contains lectures on price statistics for external trade. It covers basic price measurement concepts, basic index number theory, and valuation principles as recommended by the System of National Accounts 1993 (1993 SNA). Methods of determining index weights and price definitions consistent with the 1993 SNA, handling temporarily unavailable commodities, and linking indices with updated weighing structures are discussed. The course covers topics on methods for designing price surveys, determining product specifications for monthly repricing, and conducting interviews with officials of retail outlets and enterprises to elicit the needed information. It also deals with database management and data processing methods and issues. In addition, the course contains workshops in which participants gain practical experience with various quantitative exercises designed to help strengthen their understanding of the theoretical elements.


Program and Performance Budgeting (PPB)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Target Audience: Mid- to senior-level officials who participate in the formulation and implementation of macroeconomic and fiscal policies in their countries.


Description: This one-week course, presented by the IMF’s Fiscal Affairs Department, aims at deepening participants’ understanding of fiscal policy issues and their implications for macroeconomic management. It covers the interrelations between fiscal variables and macroeconomic aggregates, and the main aspects of the design and implementation of fiscal policy as an instrument to achieve macroeconomic adjustment, growth, and poverty reduction. The course draws on the IMF’s experience in providing fiscal policy advice, on studies undertaken by IMF staff, and on selected research by outside scholars. Country case studies are used to illustrate the challenges faced by the authorities in addressing fiscal policy issues. The course includes:

• Sessions on the accounting, analysis, and forecasting of government operations. This module presents the new fiscal framework (net worth approach) as an analytical tool for assessing the government financial position. It also covers the interrelations between fiscal and other macroeconomic accounts, as well as the design of fiscal adjustment in the context of a financial program aimed at achieving sustainable growth.

• Sessions on policy issues. This module covers macroeconomic aspects of fiscal policy, including issues related to stabilization—such as the need to estimate cyclically-adjusted fiscal balances, to assess the role of automatic stabilizers and discretionary actions, and to determine the size and composition of fiscal adjustment. There are also sessions on fiscal sustainability, debt relief and the HIPC initiative, and various structural and institutional fiscal issues, such as growth and poverty reduction, tax reform and administration, expenditure policy and management, civil service reform, privatization, decentralization, and governance.

• Case studies and workshops. This module includes presentations of country case studies related to particular aspects of fiscal policy, such as fiscal adjustment, tax reform, and poverty reduction, and several workshops on the frameworks for fiscal analysis, fiscal sustainability, and debt management.

During the course, participants are expected to work in small groups on a topic of their choice on which they make a presentation at the end of the course. Prior to joining the course, participants are encouraged to identify possible topics and gather relevant information.

Quarterly National Accounts (QNA)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Target Audience: National accounts compilers.


Description: This two-week course, presented by the IMF’s Statistics Department, aims to provide a thorough understanding of concepts, sources of data, and compilation techniques for producing

|

quarterly national accounts statistics. The course is based on the System of National Accounts 1993 (1993 SNA) and is oriented toward national accounts compilers from countries that are developing or plan to develop quarterly national accounts (QNA).

The course comprises both theoretical and practical issues in the compilation of QNA. It covers the following main topics: (i) scope and role of QNA, (ii) strategies for setting up a QNA compilation system, (iii) commonly used sources and issues concerning data sources for compiling quarterly GDP estimates (mainly from production and expenditure approaches), (iv) data editing and reconciliation, (v) benchmarking techniques for combining quarterly indicators with the annual estimates, (vi) seasonal adjustment, (vii) price and volume measures, (viii) work-in-progress, and (ix) revision policy and dissemination practices. The course is delivered through lectures, exercises, and small group discussions.

Remittances Statistics (RS)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Target Audience: National balance of payments compilers with some experience in remittances statistics.


Description: This new one-week course, presented by the IMF’s Statistics Department, is designed to familiarize participants with concepts and compilation practices relating to the compilation of balance of payments data on remittances, with primary focus on household-to-household remittances (personal transfers) and compensation of employees. It further seeks to stimulate the exchange of experiences and ideas across the target region and identify the extent to which all participating countries share problems in improving data on remittances.

Safeguards Assessments of Central Banks (SAC)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Target Audience: Senior central bank staff responsible for accounting, financial reporting, auditing, risk management, internal control, statistics, legal, or reserve management operations, or serving on a board or committee covering the oversight of audit, investment or financial reporting activities.

Qualifications: Candidates with university or post-graduate degrees in the disciplines of accounting, business, economics, finance, or law or having earned professional certifications in auditing (chartered or certified public accountants, internal auditors, or information systems auditors) or finance (certified financial analysts) are well suited for nomination.

Description: The seven-day course is presented by the IMF’s Finance Department. The approach of the IMF to assessing the safeguards in place at the central banks of member countries and the purposes of a safeguards assessment are explained. The objectives of an assessment are: (i) to identify possible vulnerabilities in a central bank’s accounting, financial reporting, external and internal audit mechanisms, legal framework, and control systems that may pose undue risks to the central bank’s resources, including IMF disbursements, or to the accuracy of monetary program

NEWCOURSE


data reported to the IMF under its lending arrangements; and (ii) to provide reasonable assurance that, if significant vulnerabilities in these areas are identified, measures to rectify them are developed and implemented.

The course provides participants with the knowledge and tools required to conduct a basic safeguards assessment of their central bank. It also outlines the procedures followed to monitor the effectiveness of a central bank’s safeguards framework, including the implementation of measures identified during a safeguards assessment. The course enhances participants’ diagnostic skills in identifying control and oversight issues across the full range of central bank operations. The design of the course combines interactive lectures, workshops, and case studies addressing key assessment areas, including the external and internal audit mechanisms, financial reporting framework, system of internal controls, management of international reserves, and reporting of monetary data to the IMF. It also covers the methodology and procedures used to monitor the safeguards framework at central banks.

Sovereign Asset Management: Framework for Strategic Asset Allocation (SAM)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Target Audience: Experienced practitioners from monetary authorities with relevant background in designing and implementing policies for the management of foreign exchange reserves and/or other sovereign assets. This includes, inter-alia, senior and mid-level officials working in reserve and risk management functions at central banks and/or similar institutions entrusted with the management of sovereign wealth funds, especially staff working on overall investment strategies and strategic asset allocation issues.

Qualifications: Responsibilities listed for target audience.

Description: This new one-week course, presented by the IMF’s Monetary and Capital Markets Department, addresses issues pertaining to how countries link policy objectives and constraints in the management of foreign exchange reserves and other sovereign assets to the determination of the sovereign strategic asset allocation and investment policies. The course considers, inter-alia, the following:

Macroeconomic background and currency composition• Determining and benchmarking reserve adequacy • Considerations underlying the currency composition • Asset-liability management considerations

Determining the investment risk profile• Primer on fixed income portfolio management• Methodologies and toolkits for determining the strategic investment risk profile

Institutional constraints and organizational issues• Institutional objectives and constraints on strategic asset allocation • Decision-making framework and organizational structure• Considerations in engaging external asset managers

In addition, the course will use simulation-based tools and country case studies to illustrate the practical application of strategic asset allocation. As part of the workshop, participants will be

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page �0 |

asked to respond to a questionnaire surveying existing country practice, which will be summarized at the outset of the workshop.

Sovereign Liability Management: New Operational Approaches (SLM)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Target Audience: Senior and mid-level debt managers/central bankers, and debt policymakers. This includes staff with policy and operational responsibilities relating to monitoring and managing sovereign liabilities and the development and functioning of domestic debt markets.

Qualifications: Background in accounting and finance, along with familiarity with debt sustainability analysis, debt management, and debt market operations, is desirable.

Description: This new one-week course, presented by the IMF’s Monetary and Capital Markets Department, is intended to broaden participants’ understanding of the main policy and operational issues in public debt management, including techniques used for active debt operations and debt market development. Emphasis will be given to the risk measurement of a bonded debt portfolio in the context of solvency of a sovereign’s balance sheet. The course considers, inter-alia, the following:

Theoretical and practical aspects of public debt management• Determining the basic building blocks of public debt management, including objectives

and identification of risks• Technical and implementation aspects of developing a medium-term debt management

strategy• Public debt management and debt sustainability analysis

New operational approaches in sovereign liability management• Approaches toward risk measurement of a bonded debt portfolio, including measures of

currency, interest rate and credit risk• Techniques used for active debt management operations and debt market development

Developing an integrated sovereign asset and liability management framework• Asset-liability management considerations, including institutional objectives and constraints• Role in managing sovereign risk, using the balance sheet approach

Also, the course will use simulation-based tools and country case studies to illustrate the implementation of appropriate debt management strategies within the macroeconomic framework. A course survey will be commissioned, aimed at obtaining information on current regional practices in these areas.

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Training Catalog 2008 | page �1

Strategic Planning and Risk Assessment in Revenue Administration (RRA)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Target Audience: Senior tax administration officials who are responsible for setting strategic direction, and ensuring that organizational outcomes are aligned with the supporting strategic objectives.


Description: This one-week course, presented by the IMF’s Fiscal Affairs Department, covers the entire strategic planning process with emphasis on effective strategy formulation and the development of business plans to drive accountability and performance improvements. Specific topics include: (1) development of mission and value statements; (2) internal and external scanning; (3) compliance risk management; (4) resource allocation and prioritization; (5) business plan development and accountability; (6) plan implementation and monitoring; and (7) performance evaluation. Both theoretical and practical frameworks based upon best international experience are presented through a mix of case studies, lectures, workshops and country presentations. Participants further benefit from the shared experience and expertise of the other invited participants.

Value-Added Taxation (VAT)


Washington, DC(HQ)


Dalian, China(CTP)

Pune, India (ITP)

Tunis, Tunisia(JAI)


Abu Dhabi, UAE(RTP)

Singapore(STI)

Target Audience: Heads and senior managers of tax administration departments.

Qualifications: Senior tax administration officials involved in the administration of VAT.

Description: This one-week course, presented by the IMF’s Fiscal Affairs Department, is intended for French-speaking north African countries, including Algeria, Mauritania, Morocco, and Tunisia; together with other selected countries, including Lebanon and countries in the west and central African region. It focuses on key policy and administration issues in VAT including opportunities for simplification and rationalization of the VAT schemes introduced in North Africa the early 1990’s, and on improving the performance of VAT administration in the context of the introduction of the EU agreement that will see the reduction of customs revenues in countries in the region.

Training Schedules

Training programs are listed by region starting with IMF Headquarters

(HQ) in Washington, D .C ., followed by programs at the regional training

centers in Brazil (BTC), China (CTP), India (ITP), Tunisia (JAI), Austria

(JVI), Abu Dhabi (RTP), and Singapore (STI) .

Information on application procedures and the selection process is

provided in the section on Administrative Arrangements . For courses

marked “By Invitation,” the IMF department responsible for the course

invites selected government agencies to nominate candidates, where

the agencies selected depend on the subject matter of the course .

page �2 |


IMF Headquarters (HQ) and Distance Learning (DL)

Eligible Countries: All IMF member countries except those few countries that have been declared ineligible for technical assistance.

Course NameCourse Number

Application Deadline

Course Start Date

Course End Date Language*

IMF Department

Balance of Payments Statistics (BPS) HQ 08.08 12/07/07 5/12/08 6/20/08 English Statistics

Financial Markets and New Financial Instruments (FMN) HQ 08.11 By Invitation 9/29/08 10/10/08 English IMF Institute

Financial Programming and Policies (FPP) HQ 08.01 08/03/07 1/7/08 2/15/08 English IMF Institute

Financial Programming and Policies (FPP) HQ 08.03 10/12/07 3/17/08 4/25/08 French IMF Institute

Financial Programming and Policies (FPP) HQ 08.10 03/07/08 8/11/08 9/19/08 English IMF Institute

Financial Programming and Policies (FPP) HQ 08.13 05/09/08 10/14/08 11/21/08 Arabic IMF Institute

Financial Programming and Policies--Distance Segment (FPP-DL)

DL 08.31 08/03/07 1/7/08 3/19/08 English IMF Institute

Financial Programming and Policies--Residential Segment (FPP-DL)

DL 08.32 By Invitation 4/21/08 5/2/08 English IMF Institute


DL 08.33 02/15/08 7/21/08 10/1/08 French IMF Institute


DL 08.34 By Invitation 11/3/08 11/14/08 French IMF Institute


DL 08.35 03/14/08 8/18/08 10/29/08 English IMF Institute


DL 08.36 By Invitation 12/1/08 12/12/08 English IMF Institute

Financial Programming and Policies with Inflation Targeting (FPP-IT)

HQ 08.14 By Invitation 10/20/08 11/21/08 Spanish IMF Institute

Government Finance Statistics (GFS) HQ 08.02 09/28/07 3/3/08 4/4/08 French Statistics

Macroeconomic Diagnostics (MDS) HQ 08.04 10/26/07 3/31/08 4/25/08 English IMF Institute

Macroeconomic Forecasting (MF) HQ 08.09 02/01/08 7/7/08 7/18/08 English IMF Institute

Macroeconomic Management and Financial Sector Issues (MMF) HQ 08.05 11/16/07 4/21/08 5/2/08 Arabic IMF Institute

Macroeconomic Management and Fiscal Policy (MFP) HQ 08.06 11/23/07 4/28/08 5/30/08 Spanish IMF Institute

Macroeconomic Management and Fiscal Policy (MFP) HQ 08.12 04/25/08 9/29/08 10/31/08 French IMF Institute

National Accounts Statistics (NAS) HQ 08.07 11/30/07 5/5/08 6/6/08 English Statistics

Safeguards Assessments of Central Banks (SAC) HQ 08.15 By Invitation 12/4/08 12/12/08 English Finance

*Fluency in the language of instruction is a prerequisite for all courses.

Courses are either by application or invitation as indicated in the table. The HQ and DL application process is explained in the section on Administrative Arrangements.

Application: The online application form for courses is at www.imf.org/insapply for English and Arabic1 courses, www.imf.org/ins/candidature for French courses, and www.imf.org/ins/solicitud for Spanish courses.

Any changes in the course schedule will be posted promptly on the IMF Institute website. Please check www.imf.org/institute for periodic updates.

1Online applications for Arabic courses must be submitted in English.

page �� |

Joint Regional Training Center for Latin America (BTC)

Eligible Countries: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay, and Venezuela.1


Course Start Date


IMF Department

AML/CFT Workshop for Financial Sector Supervisors (AML-F) BT 08.06 5/5/08 5/9/08 Spanish (Portuguese) Legal

Balance of Payments Statistics (BPS) BT 08.05 3/31/08 4/4/08 Spanish (Portuguese) Statistics

External Sector Issues (ESI) BT 08.08 8/4/08 8/15/08 Spanish (Portuguese) IMF Institute

Financial Markets and New Financial Instruments (FMN) BT 08.01 1/21/08 2/1/08 English IMF Institute

Financial Programming and Policies (FPP) BT 08.02 2/18/08 2/29/08 Spanish (Portuguese) IMF Institute

Financial Taxes (FTX) BT 08.09 9/8/08 9/12/08 English (Spanish and Portuguese)

Fiscal Affairs

Government Finance Statistics (GFS) BT 08.11 11/3/08 11/14/08 Spanish (Portuguese) Statistics

Implementing Inflation Targeting ( IT) BT 08.03 2/19/08 2/28/08 English (Spanish and Portuguese)

Monetary and Capital Markets


BT 08.07 6/30/08 7/11/08 Spanish (Portuguese) IMF Institute

Macroeconomic Management and Fiscal Policy (MFP) BT 08.04 3/24/08 4/4/08 Spanish (Portuguese) IMF Institute

Macroeconomic Management and Fiscal Policy (MFP) BT 08.10 9/15/08 9/26/08 Portuguese IMF Institute

Monetary and Financial Statistics (MFS) BT 08.12 11/17/08 12/5/08 Spanish (Portuguese) Statistics

Quarterly National Accounts (QNA) BT 08.13 12/8/08 12/19/08 Spanish (Portuguese) Statistics

*Simultaneous interpretation is provided in the language in parentheses. Fluency in the language of instruction or in the language of simultaneous interpretation is a prerequisite for all courses.

Courses at BTC are by invitation only. Candidates are nominated by government agencies upon the request of the responsible IMF department.

Any changes in the course schedule will be posted promptly on the IMF Institute website. Please check either the BTC website www.esaf.fazenda.gov.br/parcerias/ccb-esaf/espanhol/home-espanol-nova.html or the IMF Institute website www.imf.org/institute for periodic updates.

1 Officials from the Lusophone countries of Africa (Angola, Cape Verde, Guinea-Bissau, Mozambique, and São Tomé and Príncipe) may be invited to selected courses.

Training Catalog 2008 | page ��

Joint China-IMF Training Program (CTP)

Eligible Countries: China.1


Course Start Date


IMF Department

AML/CFT Financial Analysis and Survey (AML-F) CT 08.07 11/17/08 11/21/08 English (Chinese) Legal

Anti-Money Laundering Supervision (AML) CT 08.03 5/26/08 5/30/08 English (Chinese) Legal

External Vulnerabilities (EXV)2 CT 08.04 6/2/08 6/13/08 English (Chinese) IMF Institute

Financial Programming and Policies (FPP) CT 08.01 4/14/08 4/25/08 English (Chinese) IMF Institute

Financial Soundness Indicators (FSI) CT 08.02 5/19/08 5/30/08 English (Chinese) Statistics

Government Finance Statistics (GFS)3 CT 08.05 9/1/08 9/12/08 English (Chinese) Statistics

Macroeconomic Management and Financial Sector Issues (MMF) CT 08.06 10/13/08 10/24/08 English (Chinese) IMF Institute


Courses at CTP are open to officials of the Chinese government and are by invitation only. Candidates are nominated by government agencies upon the request of the responsible IMF department.

Any changes in the course schedule will be posted promptly on the IMF Institute website. Please check either www.imfctp.org or www.imf.org/institute for periodic updates.

Joint India-IMF Training Program (ITP)

Eligible Countries: India, as well as certain other countries in South Asia and East Africa as designated jointly by RBI and IMF.


Course Start Date


IMF Department

AML/CFT Workshop for Financial Supervisors on Practical Aspects of AML/CFT Compliance (AML-F)

IP 08.03 5/19/08 5/23/08 English Legal

AML/CFT Workshop on Policy Development in South Asia (AML) IP 08.06 10/20/08 10/24/08 English Legal

Financial Programming and Policies (FPP) IP 08.01 3/3/08 3/14/08 English IMF Institute

International Investment Position/External Debt Statistics (EDS) IP 08.05 9/8/08 9/19/08 English Statistics

Macroeconomic Management and Debt Issues (MDI) IP 08.02 4/14/08 4/25/08 English IMF Institute

Macroeconomic Management and Financial Sector Issues (MMF) IP 08.07 12/1/08 12/12/08 English IMF Institute

Program and Performance Budgeting (PPB) IP 08.04 7/7/08 7/11/08 English Fiscal Affairs

*Fluency in the language of instruction is a prerequisite for all courses.

Courses at ITP are by invitation only. Candidates are nominated by government agencies upon the request of the responsible IMF department.

Any changes in the course schedule will be posted promptly on the IMF Institute website. Please check either www.rbi.org.in/scripts/itp.aspx or www.imf.org/institute for periodic updates.

1 Includes Hong Kong SAR and Macao SAR. 2This course will focus on the international experience with capital account liberalization and external vulnerability issues relevant to China. 3Dates and course length are tentative.

page �� |

Joint Africa Institute (JAI)

Eligible Countries: Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Congo, Dem. Rep. of, Congo, Rep. of, Côte d’Ivoire, Djibouti, Egypt, Equatorial Guinea, Eritrea, Ethiopia, Gabon, The Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Libyan Arab Jamahiriya, Madagascar, Malawi, Mali, Mauritania, Mauritius, Morocco, Mozambique, Namibia, Niger, Nigeria, Rwanda, São Tomé and Príncipe, Senegal, Seychelles, Sierra Leone, South Africa, Sudan, Swaziland, Tanzania, Togo, Tunisia, Uganda, and Zambia.1


Course Start Date


IMF Department

AML/CFT Workshop for Financial Sector Officials (AML-F) JA 08.09 6/16/08 6/20/08 English Legal

AML/CFT Workshop on Measures for FIU Officials (AML) JA 08.11 10/13/08 10/17/08 English Legal

Balance of Payments Statistics (BPS) JA 08.07 5/12/08 5/16/08 French Statistics

Financial Programming and Policies (FPP) JA 08.02 2/4/08 2/15/08 English IMF Institute

Financial Programming and Policies (FPP) JA 08.03 2/18/08 2/29/08 French IMF Institute

Fiscal Transparency and Natural Resource Taxation (FTS) JA 08.12 11/3/08 11/7/08 English (French) Fiscal Affairs

Government Finance Statistics (GFS) JA 08.08 5/19/08 6/6/08 English Statistics

Macroeconomic Management and Debt Issues (MDI) JA 08.15 12/1/08 12/12/08 French IMF Institute

Macroeconomic Management and Fiscal Policy (MFP) JA 08.10 6/30/08 7/11/08 French IMF Institute

Monetary and Financial Statistics (MFS) JA 08.05 3/24/08 4/11/08 English Statistics

Remittances Statistics (RS) JA 08.14 11/17/08 11/21/08 English (French) Statistics

Safeguards Assessments of Central Banks (SAC) JA 08.06 4/17/08 4/25/08 English (French) Finance

Sovereign Liability Management: New Operational Approaches (SLM)

JA 08.13 11/10/08 11/14/08 English Monetary and Capital Markets

Value-Added Taxation (VAT) JA 08.01 1/28/08 2/1/08 French Fiscal Affairs


Courses at JAI are by invitation only. Candidates are nominated by government agencies upon the request of the responsible IMF department.

Any changes in the course schedule will be posted promptly on the IMF Institute website. Please check either the JAI website www.afdb.org or the IMF Institute website www.imf.org/institute for periodic updates.


Eligible Countries: Albania, Armenia, Republic of Azerbaijan, Belarus, Bosnia and Herzegovina, Bulgaria, Cambodia, China,2 Croatia, Czech Republic, Estonia, Georgia, Hungary, Kazakhstan, Kosovo,3 Kyrgyz Republic, Lao People’s Democratic Republic, Latvia, Lithuania, Macedonia, FYR of, Moldova, Mongolia, Montenegro, Myanmar, Poland, Romania, Russian Federation, Serbia, Slovak Republic, Slovenia, Tajikistan, Turkey, Turkmenistan, Ukraine, Uzbekistan, and Vietnam.

1 Officials from Haiti may be invited to selected French-language courses. 2Includes Hong Kong SAR and Macao SAR. 3Not a member country, but eligible for technical assistance and training.




Course Start Date


IMF Department

AML/CFT Workshop for Criminal Justice Officials (AML-L) JV 08.16 By Invitation 9/1/08 9/5/08 English (Russian)

Legal

AML/CFT Workshop for Financial Sector Officials (AML) JV 08.04 By Invitation 3/24/08 3/28/08 English Legal

AML/CFT Workshop for FIUs on Financial Analysis (AML-F) JV 08.11 By Invitation 6/23/08 6/27/08 English Legal

AML/CFT Workshop on Application of AML/CFT Measures to Non-Financial Businesses (AML)

JV 08.17 By Invitation 9/22/08 9/26/08 English Legal

AML/CFT Workshop on Investigation of Cases of Money Laundering and Financing of Terrorism (AML-L)

JV 08.22 By Invitation 12/15/08 12/19/08 English (Russian)

Legal

Applied Economic Policy (AEP)1 JV 08.31A 12/1/07 4/7/08 4/18/08 English IMF Institute

Applied Economic Policy (AEP)1 JV 08.31B By Invitation 5/5/08 5/16/08 English IMF Institute

Balance of Payments Statistics (BPS) JV 08.05 By Invitation 4/7/08 4/11/08 English (Russian)

Statistics

Financial Market Analysis (FMA) JV 08.19 5/23/08 10/20/08 10/31/08 English IMF Institute

Financial Markets and New Financial Instruments (FMN) JV 08.09 By Invitation 6/9/08 6/20/08 English IMF Institute

Financial Programming and Policies (FPP) JV 08.03 10/19/07 3/17/08 3/28/08 English (Russian)

IMF Institute

Financial Programming and Policies (FPP) JV 08.18 5/16/08 10/13/08 10/24/08 English (Russian)

IMF Institute

Financial Sector Regulation and Selected Financial Transactions: An Introduction for Lawyers (FTL)

JV 08.02 By Invitation 3/3/08 3/14/08 English (Russian)

Legal

Legal Aspects of International Financial Institutions (LAIF) JV 08.07 By Invitation 5/26/08 5/30/08 English (Russian)

Legal

Macroeconomic Diagnostics (MDS) JV 08.20 6/6/08 11/3/08 11/14/08 English IMF Institute

Macroeconomic Forecasting (MF) JV 08.21 7/4/08 12/1/08 12/12/08 English IMF Institute

Macroeconomic Management and Financial Sector Issues (MMF) JV 08.08 1/4/08 6/2/08 6/13/08 English (Russian)

IMF Institute

Macroeconomic Management and Fiscal Policy (MFP) JV 08.01 9/21/07 2/18/08 2/29/08 English (Russian)

IMF Institute

Macroeconomic Management and Fiscal Policy (MFP) JV 08.13 2/8/08 7/7/08 7/18/08 English (Russian)

IMF Institute

Monetary and Exchange Rate Policy (MERP) JV 08.12 1/25/08 6/23/08 7/4/08 English (Russian)

IMF Institute

Monetary and Financial Statistics (MFS) JV 08.15 By Invitation 8/4/08 8/22/08 English (Russian)

Statistics

Payment Systems (PS) JV 08.06 By Invitation 4/21/08 4/25/08 English Monetary and Capital Markets

Quarterly National Accounts (QNA) JV 08.14 By Invitation 7/21/08 8/1/08 English (Russian)

Statistics

* Simultaneous interpretation is provided in the language in parentheses. Fluency in the language of instruction or in the language of simultaneous interpretation is a prerequisite for all courses.

Courses at JVI are either by application or invitation as indicated in the table above. The JVI application process is explained in the section on Administrative Arrangements.

1The Applied Economic Policy course (AEP) is a ten-week comprehensive course comprising eight segments, two of which are taught by the IMF. Participation in the AEP course is for its entire duration and participants cannot attend individual segments. The dates of the AEP course are: March 31–June 6, 2008. The application deadline is December 1, 2007.

page �8 |

Application: The online application form for all courses except Applied Economic Policy is at www.imf.org/insapply. The application form for Applied Economic Policy is available only at www.jvi.org.

Any changes in the course schedule will be posted promptly on the IMF Institute website. Please check either the JVI website www.jvi.org or the IMF Institute website www.imf.org/institute for periodic updates.

IMF-AMF Regional Training Program (RTP)

Eligible Countries: Algeria, Bahrain, Comoros, Djibouti, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libyan Arab Jamahiriya, Mauritania, Morocco, Oman, Qatar, Saudi Arabia, Sudan, Syrian Arab Republic, Tunisia, United Arab Emirates, West Bank and Gaza1, and Republic of Yemen.


Course Start Date


IMF Department

AML/CFT Workshop for Financial Sector Officials(AML-F)

RT 08.04 3/9/08 3/13/08 English(Arabic)

Legal

AML/CFT Workshop on Legal and Practical Aspects of Implementing AML/CFT Requirements (AML-L)


Legal

Balance of Payments Statistics (BPS) RT 08.07 5/18/08 5/22/08 English(Arabic)

Statistics

Central Bank Accounting: Strengthening Central Bank Independence through Transparency and Efficiency (CBA)


Monetary and Capital Markets

External Sector Issues (ESI) RT 08.06 4/6/08 4/17/08 Arabic IMF Institute

Financial Programming and Policies (FPP) RT 08.05 3/23/08 4/3/08 Arabic IMF Institute

Financial Programming and Policies (FPP) RT 08.08 6/8/08 6/19/08 Arabic IMF Institute

Inflation Targeting ( ITI) RT 08.11 12/14/08 12/25/08 Arabic IMF Institute

Macroeconomic Management and Financial Sector Issues (MMF) RT 08.03 2/24/08 3/6/08 Arabic IMF Institute

Macroeconomic Management and Fiscal Policy (MFP) RT 08.02 2/3/08 2/14/08 Arabic IMF Institute


Courses at RTP are by invitation only. Candidates are nominated by government agencies upon the request of the AMF in consultation with the IMF Institute.

Any changes in the course schedule will be posted promptly on the IMF Institute website. Please check either the RTP website www.amf.org.ae or the IMF Institute website www.imf.org/institute.


Eligible Countries: Afghanistan, Bangladesh, Bhutan, Brunei Darussalam, Cambodia, China,2 Fiji, India, Indonesia, Iran, Islamic Republic of, Kiribati, Republic of Korea, Lao People’s Democratic Republic, Malaysia, Maldives, Marshall Islands, Federated States of Micronesia, Mongolia, Myanmar, Nepal, Pakistan, Palau, Papua New Guinea, Philippines, Samoa, Singapore, Solomon Islands, Sri Lanka, Thailand, Timor-Leste, Tonga, Vanuatu, and Vietnam.3

1 Not a member country, but eligible for technical assistance and training. 2 Includes Hong Kong SAR and Macao SAR. 3Officials from Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan, Uzbekistan, and small non-member Pacific island countries may be invited to selected courses.




Course Start Date


IMF Department

AML/CFT Workshop for Criminal Justice Officials on International Cooperation in AML/CFT: Methods and Issues (AML-L)

ST 08.15 By Invitation 10/27/08 10/31/08 English Legal

AML/CFT Workshop on Policy Development in Pacific Island Countries (AML-F)


Balance of Payments Statistics (BPS) ST 08.02 By Invitation 3/3/08 3/7/08 English Statistics

Designing Effective Legal Frameworks for Problem Banks and Resolving Banking Crises (CRE)


Financial Market Analysis (FMA) ST 08.05 11/30/07 5/5/08 5/16/08 English IMF Institute

Financial Markets and New Financial Instruments (FMN)

ST 08.18 By Invitation 12/8/08 12/19/08 English IMF Institute

Financial Programming and Policies (FPP) ST 08.01 9/7/07 2/11/08 2/22/08 English IMF Institute

Financial Programming and Policies (FPP) ST 08.53 5/9/08 10/13/08 10/24/08 English STI

Fiscal Transparency and Fiscal Risk (FTS) ST 08.08 By Invitation 6/16/08 6/20/08 English Fiscal Affairs

Macroeconomic Diagnostics (MDS) ST 08.07 12/14/07 5/19/08 5/30/08 English IMF Institute

Macroeconomic Implications of Fiscal Issues (MIF) ST 08.51 8/17/07 1/21/08 2/1/08 English STI


ST 08.10 2/22/08 7/28/08 8/8/08 English IMF Institute


ST 08.16 5/30/08 11/3/08 11/14/08 English IMF Institute

Macroeconomic Management and Fiscal Policy (MFP) ST 08.04 11/9/07 4/14/08 4/25/08 English IMF Institute

Macroeconomic Management and Fiscal Policy (MFP) ST 08.17 6/6/08 11/10/08 11/21/08 English IMF Institute

Macroeconomic Management for Senior Officials (MMSO)

ST 08.52 1/4/08 6/9/08 6/13/08 English STI

Monetary and Exchange Rate Policy (MERP) ST 08.13 4/11/08 9/15/08 9/26/08 English IMF Institute

Monetary and Financial Statistics (MFS) ST 08.12 By Invitation 9/8/08 9/26/08 English Statistics

Price Statistics (PRS) ST 08.14 By Invitation 10/6/08 10/17/08 English Statistics

Sovereign Asset Management: Framework for Strategic Asset Allocation (SAM)

ST 08.06 By Invitation 5/12/08 5/16/08 English Monetary and Capital Markets

Strategic Planning and Risk Assessment in Revenue Administration (RRA)

ST 08.03 By Invitation 3/31/08 4/4/08 English Fiscal Affairs

* Fluency in the language of instruction is a prerequisite for all courses.

Courses at STI are either by application or invitation as indicated in the table. For courses by invitation, candidates are nominated by government agencies upon the request of the responsible IMF department. The application process for courses at STI is explained in the section on Administrative Arrangements.


Any changes in the course schedule will be posted promptly on the IMF Institute website. Please check either the STI website www.imfsti.org or the IMF Institute website www.imf.org/institute for periodic updates.


In addition to providing training at Headquarters and its seven regional training centers, the IMF delivers courses at the IMF’s regional technical assistance centers and various other venues, often in collaboration with other regional training organizations. The locator bars in this catalog indicate the regions in which the IMF Institute plans to deliver courses outside its seven regional training centers. For all of these course deliveries, participants are selected by invitation.

To a large extent, the IMF Institute’s capacity to deliver this “other training” depends on the availability of financial support, and it generally takes more time to schedule than course deliveries at Headquarters and the IMF’s seven regional training centers. This catalog does not include a training schedule for these course deliveries, but details will be posted on the IMF Institute website as arrangements become firm. Please check www.imf.org/institute for periodic updates.

Administrative Arrangements

Admission to courses held in Washington (HQ), Vienna (JVI), and

Singapore (STI)—as well as to distance learning (DL) courses—may

be either by application or by invitation . For courses held at all other

locations—i .e . Brazil, (BTC), China (CTP), India (ITP), Tunisia (JAI), and Abu

Dhabi (RTP)—admission is by invitation only . Administrative arrangements

for DL courses are the same as those for HQ courses . The invitation

process may vary somewhat from one center to another, but candidates

from targeted countries are 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,

are contacted by the IMF Institute or regional training centers to provide

information on travel, accommodations, and other administrative

arrangements for the course . Applications are not accepted for courses

marked “By Invitation .”

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Arrangements for HQ, JVI, and STI

For courses by application at HQ, JVI, or STI, applicants should use the online application system (OAS) at www.imf.org/insapply to complete and submit their applications.

Application Requirements (HQ, JVI, and STI)

Applications for HQ courses should be completed in the language of the course, except for courses conducted in Arabic, for which applications should be completed in English. Applications for all courses conducted at JVI and STI should be completed in English. The IMF Admissions Committee may require an approved language test for applicants whose working language is not the same as the course language. 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 IMF code for transmission of TOEFL results is 5456.

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, which also may be downloaded from the web.

For courses offered through Distance Learning, applicants must be allowed to study part-time while remaining on the job1 and have:

• Access to an e-mail account and experience in electronic file transmission over the Internet;

• Proficiency in working with Excel spreadsheets; and• Access to a computer with a CD-ROM drive, sound card, Windows (98 or more recent

edition), Excel, Word, and Internet access.

Selection Process (HQ, JVI, and STI)

For each course by application at HQ, an Admissions Committee comprised of staff from the IMF Institute, the responsible IMF training department, and the IMF’s area departments meets to review all applications and determine which applicants are most eligible to attend. Applications must reach the IMF Institute by the application deadline indicated for each course. Late or incomplete applications will not be processed. The Admissions Committee normally accepts one candidate per country for courses. Applicants are informed of the Admissions Committee’s decisions 10 weeks before the start date of the course, and sponsors of accepted or wait-listed applicants are also informed. Notification can be sent only to the official sponsors designated on the application forms.

The selection process for JVI and STI courses by application is conducted by IMF staff at these centers. Information provided by IMF area departments and resident representatives, the department responsible for training, and IMF Institute staff is considered when making a decision regarding which applicants are most eligible to attend. Selected candidates will be directly notified of their acceptance.

Officials who are selected to attend courses at HQ, JVI, and STI are provided access to course extranet sites, where they can obtain course information and detailed information about administrative arrangements. Each extranet site contains forms that participants must use to provide information on their pre-arrival arrangements.

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1Applicants for distance learning courses should not be sponsored unless they will be given time to work on course material during the distance segment of the course.

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The selection process for courses at HQ, JVI, and STI gives priority to those applicants whose professional assignments are closely related to the subject matter of the course. IMF Institute courses tend to be most appropriate for officials from ministries of finance, economy, and planning, as well as central banks and statistics bureaus. For courses on macroeconomic statistics, priority is given to statistical compilers. The IMF Institute cannot consider applications from persons employed in non-governmental institutions or businesses, such as commercial banks, universities, or trade unions.

Official sponsors should not present applicants who fail to meet the criteria of academic background and job relevance, or who are not fluent in the language of instruction (or simultaneous interpretation, where provided). Only participants who will be available to serve their governments for a reasonable time after receiving training should be proposed. Sponsoring agencies should not submit more than three applications per course for their agency. When more than one candidate is presented, the sponsor should indicate an order of priority.

The sponsoring agency is required to certify that, if accepted, the applicant will receive leave of absence with regular pay for the duration of the course; that during his or her attendance at the course, the applicant will be given no other duties or assignments; and that upon return to duty the applicant will be placed in his or her former position, or in one with equal or greater responsibility.

The same selection criteria and guidelines for sponsors apply to courses for which sponsoring agencies are invited to nominate participants. Nominated candidates are not accepted unless they meet the criteria of academic background, job relevance, and language fluency; and sponsoring agencies should indicate an order of priority when they nominate more than one candidate.

Eligibility Criteria Relating to Previous Course Attendance (HQ, JVI, and STI)

Because the IMF has a limited capacity to provide training, previous participation is taken into account when considering applicants or nominees for IMF courses.

• Attendees of a Financial Programming and Policies (FPP) course at HQ or a distance learning FPP course should generally wait two years before applying to attend another course.

• Attendees of a course at any one training center are not eligible to attend the same course at another training center. Attendees of a two-week FPP course, however, are eligible to apply to take a six-week FPP at HQ or a distance learning FPP.

Travel to Washington and Administrative Arrangements for HQ

The participant or the sponsoring agency is responsible for purchasing the participant’s round-trip airline ticket and for making all travel arrangements. Participants are required to arrive on time, attend all sessions, and stay through the last day of the course. The invitation may be withdrawn if a participant cannot comply with these requirements

1 . Travel: Participants in courses at HQ must arrive a day or two before a course begins and remain through its conclusion. Participants will be reimbursed a fixed amount in U.S. dollars (as specified in letters accepting them for the course) for tickets and related travel expenses shortly after their arrival in Washington.

Upon receipt of a specific request from the sponsor within two weeks of the acceptance letter, the IMF can make travel arrangements for the participant. In case of a participant’s withdrawal, either before or during the course, expenses such as cancellation fees or the full amount of a prepaid ticket, will have to be reimbursed by the sponsor to the IMF. No expenses for (or on behalf of) a

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participant’s family will be paid by the IMF. Participants are covered by travel accident insurance during travel to and from Washington and while in official attendance at the IMF Institute.

2 . Accommodations: Participants are lodged in the Concordia Apartments, an IMF-owned building located a short distance from the IMF. Accommodations are made available free of charge beginning no earlier than two nights before the course starts and ending no later than two nights after its conclusion. A separate apartment is allocated to each participant. Only the spouse of a participant may share these accommodations without charge. Children 17 and under are not allowed to stay in the Concordia building; there are no exceptions. Participants who bring children (17 and under) are required to find accommodations outside the Concordia at their own expense.

3 . Living Allowance: The Fund provides each participant in regular HQ courses a living allowance. This allowance is intended to cover the cost of meals and some of the participant’s incidental expenses. However, even with careful management, this allowance does not cover the expenses of a married couple. Participants who bring spouses or other guests should therefore be prepared to supplement the allowance with their own funds.

4 . Health and Insurance: Arrangements are made by the IMF Institute to provide participants in courses with health insurance benefits covering essential medical and hospital expenses. These benefits, however, do not cover expenses incurred in connection with pre-existing medical conditions, such as pregnancy. Sponsors are required to finance any medical expense not covered by health insurance benefits. If the applicant is accepted, he/she should be in good health to be able to participate fully in the course.

Sponsors are required to certify (i) that immediately prior to the course, participants are in good health, free from any contagious disease or pre-existing medical conditions, and free from any physical or mental condition or disability that could impair their full participation in the course; 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.

Details on visas, insurance (travel, medical, and other types), accommodations, and other arrangements are posted on the course extranet sites—to which accepted participants are given access—along with background information on settling-in. Participants are provided with e-mail accounts upon arrival and Internet access free of charge at both the Concordia and the IMF’s training facilities.

Travel to Vienna and Administrative Arrangements for JVI

1 . Travel: The participant or the sponsoring agency is responsible for purchasing the participant’s round-trip airline or train ticket and making all travel arrangements. Participants are reimbursed for tickets and related travel expenses shortly after their arrival in Vienna. Upon receipt of a specific request from the sponsor within ten days of the acceptance letter, the IMF can make travel arrangements for the participant. In case of a withdrawal or failure to attend the course, expenses such as cancellation fees or the full amount of a prepaid ticket must be reimbursed to the IMF.

Participants are required to arrive on time, attend all sessions, and stay through the last day of the course. The invitation may be withdrawn if a participant cannot comply with these requirements. If a participant has to be repatriated for any reason before the end of the training, the sponsoring agency is responsible for the costs of the repatriation, and the IMF must be reimbursed for all expenditures made on behalf of the participant.

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2 . Accommodations: Accommodation and breakfast are provided by the JVI. Spouses and guests are no longer accommodated at the JVI residence.

3 . Living Allowance: For the duration of the training at the JVI, the IMF provides a living allowance intended to cover the cost of meals and some of the participant’s incidental expenses.

4 . Health and Insurance: Participants are provided with health insurance benefits covering medical emergencies only. These benefits will not cover expenses incurred in connection with pre-existing medical conditions, including pregnancy.

Detailed information on administrative arrangements, insurance, housing, etc., is sent to participants who are selected for training at JVI.

Travel to Singapore and Administrative Arrangements for STI

1 . Travel: Participants or their sponsoring agencies are responsible for purchasing the participants’ round-trip airline ticket and for making all travel arrangements. Participants will be reimbursed a fixed amount in U.S. dollars travelers’ checks for their tickets and related travel expenses shortly after their arrival in Singapore.

Upon receipt of a specific request from the sponsor, STI can make travel arrangements for the participant. In case of a withdrawal, expenses such as cancellation fees or the full amount of a prepaid ticket will have to be reimbursed to STI. Similarly, if a participant does not complete the course, travel and miscellaneous expenses will have to be reimbursed to STI.

2 . Accommodations: Accommodations during the course (starting one day before the course through the night of the last day of the course) are provided by STI; participants are responsible for all other charges (e.g., phone calls, room service).

3 . Living Allowance: Participants are provided with a living allowance for the duration of the course. This allowance is intended to cover the cost of meals and some of the participants’ incidental expenses.

4 . Health and Insurance: STI provides participants with health insurance benefits covering accidents and emergency medical care. These benefits, however, do not cover expenses incurred in connection with pre-existing conditions, including pregnancy. Participants should be in good health, free from any contagious disease, and free from any medical condition that could impair their attendance at the course. Participants are advised to take a comprehensive medical examination before leaving for Singapore.

In connection with participants’ acceptance of invitations to attend STI courses, sponsors (senior officials from the nominating agencies) undertake to reimburse STI for all expenses incurred on behalf of their sponsored participants due to any pre-existing medical conditions. Further, sponsors are required to cover the costs of any medical procedures not covered by the health insurance plan.

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STI will send details on travel, health insurance, as well as information on accommodations, settling-in, and other arrangements to each participant after he or she has accepted an invitation to attend a course.

Arrangements for BTC, CTP, ITP, JAI, and RTP

Courses and seminars at regional training centers other than HQ, JVI, and STI are by invitation only. Candidates from targeted countries are nominated by government agencies upon the request of the responsible IMF department. The invitation process may vary somewhat from one center to another. Travel, accommodations, and other administrative arrangements for the course are communicated to invited candidates.

The following regional training centers produce their own catalogs: BTC, ITP, JAI, JVI, RTP and STI. Please refer to their websites for further information.

IMF Institute PublicationsSenior officials who nominate or sponsor participants for IMF courses and previous participants are invited to keep abreast of the IMF Institute’s training activities by registering online at www.imf.org/instrainingcontacts. By doing so, you will be signing up to receive email alerts informing you of upcoming courses and workshops and also to receive copies of the annual IMF training catalog. The information you provide us will be used for training management purposes only.

The IMF Institute offers the following publications free of charge:

Training Catalog

The IMF Institute Courier

Programa del Centro regional conjunto de capacitación (BTC program in Spanish and Portuguese)

Japan-IMF Scholarship Program for Advanced Studies brochure

Other IMF Institute publications and CD-ROMs:

The following publications can be ordered from:International Monetary FundPublications Services, Catalog Orders700 19th Street, NWWashington, DC 20431, USA

Telephone: +1 (202) 623-7430Fax: +1 (202) 623-7201Telex: (RCA) 24833 IMFURE-mail: [email protected]: www.imf.org

The Macroeconomic Management of Foreign Aid, Opportunities and Pitfalls, and Peter Isard, Leslie Lipschitz, Alexandros Mourmouras, and Boriana Yontcheva, eds, 2006, $28.00, English, ISBN –1-58906-520-4, Stock # MMFAEAThe New Partnership for Africa’s Economic Development: Macroeconomics, Institutions and Poverty, Saleh M. Nsouli, ed, 2004, $23.00, English, ISBN – 1-58906–262–0, Stock # NMIPEAMacroeconomic Management—Programs and Policies, Mohsin S. Khan, Saleh M. Nsouli, and Chorng-Huey Wong, eds, 2002, $28.00, English, ISBN – 1-58906-094-6, Stock # MMPPEAProgramación financiera: Métodos y aplicación al caso de Colombia, Mercedes Da Costa, Enzo Croce, and V. Hugo Juan-Ramón, 2002, $26.00, Spanish, ISBN – 1-55775-9693, Stock # PFMASAA Decade of Transition: Achievements and Challenges, Oleh Havrylyshyn and Saleh M. Nsouli, eds., 2001, $26.00, English, ISBN – 1-589906-013-X, Stock # DTACEAFinancial Programming and Policy: The Case of Turkey, Richard C. Barth and William Hemphill, eds., March 2000, $29.50, English, ISBN – 1-55775-875-1, Stock # FPPTEA

External Debt and Capital Flight in Sub-Saharan Africa, S. Ibi Ajayi and Mohsin S. Khan, eds., May 2000, $26.00, English, ISBN – 1-55775-791-7, Stock # EDCFEA

Programmation financière: Méthodes et application à la Tunisie, Roland Daumont, Mario de Zamaróczy, Philippe Callier, and Bernard Ziller, eds., IMF Institute, 1999, $24.00, French, ISBN – 1-55775-808-5, Stock # PFMAFA

Trade Reform and Regional Integration in Africa, Zubair Iqbal and Mohsin S. Khan, eds., 1998, $22.00, English, ISBN – 1-55775-769-0, Stock # TRRIEA

Trade Policy Issues, Naheed Kirmani and Chorng-Huey Wong, eds., 1997, $22.00, English, ISBN – 1-55775-621-X, Stock # TPIEA

Macroeconomic Analysis and Policy: The Case of Egypt, Samir El-Khouri, Mohamad Elhage, Mohamed Hosny, Shehadah Hussein, Mounir Rached, and Abdelhadi Yousef, eds., 1997, $19.00, Arabic, ISBN – 1 -55775-639-2, Stock # MAPEAA

Macroeconomic Accounting and Analysis in Transition Economies, Abdessatar Ouanes and Subhash Thakur, 1997, $19.00, English, ISBN – 1-55775-628-7, Stock # MAATEA

External Finance for Low-Income Countries, Zubair Iqbal and Ravi Kanbur, eds. 1997, $22.50, English, ISBN – 1-55775-673-2, Stock # EFLCEA

Why is China Growing So Fast?, Mohsin Khan and Zuliu Hu, 1996, Free, English, ISBN 1-55755-641-4, Stock # EIIEA and Chinese, ISBN – 1-55775-646-5, Stock # EIICA0081996

Financial Programming and Policy: The Case of Sri Lanka, S. Rajcoomar and Michael Bell, 1996, $19.00, English, ISBN – 1-55775-579-5, Stock # FPSLEA

A Manual for Country Economists, Marcello Caiola, 1995, $25.00, English, ISBN – 1-55775-460-8, Stock # MCEEA

Coordinating Stabilization and Structural Reform, Richard C. Barth, Alan R. Roe, and Chorng-Huey Wong, eds., 1994, $22.00, English, ISBN – 1-55775-430-6, Stock # CSSREA

Approaches to Exchange Rate Policy: Richard C. Barth and Chorng-Huey Wong, eds., 1994, $22.00, English, ISBN – 1-55775-364-4, Stock # AERPEA

Macroeconomic Adjustment: Policy Instruments and Issues, Jeffrey M. Davis, ed., 1992, $12.50, English, ISBN – 1-55775-303-2, Stock # MAPIEA

Financial Programming and Policy: The Case of Hungary, Karen Swiderski, 1992, $17.50, English, ISBN – 1-55775-304-0, Stock # FPPHEA

CD-ROMs

MacroLinks: A Program about the Interrelations Among Macroeconomic Accounts, 2004, $29.50, English/French, ISBN – 1-58906-387-2, Stock # MPIMFI and English/Spanish, ISBN – 1-58906-388-0, Stock # MPIMSI (CD-ROM)

Balance of Payments: Accounts and Analysis, 1999, $29.50, English, ISBN – 1-55775-760-7, Stock # BPAAEI0000000 (CD-ROM)

Exchange Rate Analysis with a Case Study on Poland, 1998 $29.50, English, ISBN – 1-55775-708-9, Stock # ERAEI0000000 (CD-ROM)

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Deadlines for Courses by Application at HQ, JVI, and STI1


Course Number Course Name

Course Start Date


IMF Headquarters and Distance Learning (HQ and DL)

8/3/07 HQ 08.01 Financial Programming and Policies (FPP) 1/7/08 2/15/08 English

8/3/07 DL 08.31 Financial Programming and Policies (FPP-DL) 1/7/08 3/19/08 English

9/28/07 HQ 08.02 Government Finance Statistics (GFS) 3/3/08 4/4/08 French

10/12/07 HQ 08.03 Financial Programming and Policies (FPP) 3/17/08 4/25/08 French

10/26/07 HQ 08.04 Macroeconomic Diagnostics (MDS) 3/31/08 4/25/08 English

11/16/07 HQ 08.05 Macroeconomic Management and Financial Sector Issues (MMF) 4/21/08 5/2/08 Arabic

11/23/07 HQ 08.06 Macroeconomic Management and Fiscal Policy (MFP) 4/28/08 5/30/08 Spanish

11/30/07 HQ 08.07 National Accounts Statistics (NAS) 5/5/08 6/6/08 English

12/7/07 HQ08.08 Balance of Payments Statistics (BPS) 5/12/08 6/20/08 English

2/1/08 HQ08.09 Macroeconomic Forecasting (MF) 7/7/08 7/18/08 English

2/15/08 DL08.33 Financial Programming and Policies (FPP-DL) 7/21/08 10/1/08 French

3/7/08 HQ08.10 Financial Programming and Policies (FPP) 8/11/08 9/19/08 English

3/14/08 DL08.35 Financial Programming and Policies (FPP-DL) 8/18/08 10/29/08 English

4/25/08 HQ08.12 Macroeconomic Management and Fiscal Policy (MFP) 9/29/08 10/31/08 French

5/9/08 HQ08.13 Financial Programming and Policies (FPP) 10/14/08 11/21/08 Arabic


9/21/07 JV08.01 Macroeconomic Management and Fiscal Policy (MFP) 2/18/08 2/29/08 English (Russian)

10/19/07 JV08.03 Financial Programming and Policies (FPP) 3/17/08 3/28/08 English (Russian)

12/1/07 JV08.31A Applied Economic Policy (AEP) 4/7/08 4/18/08 English

1/4/08 JV08.08 Macroeconomic Management and Financial Sector Issues (MMF) 6/2/08 6/13/08 English (Russian)

1/25/08 JV08.12 Monetary and Exchange Rate Policy (MERP) 6/23/08 7/4/08 English (Russian)

2/8/08 JV08.13 Macroeconomic Management and Fiscal Policy Issues (MFP) 7/7/08 7/18/08 English (Russian)

5/16/08 JV08.18 Financial Programming and Policies (FPP) 10/13/08 10/24/08 English (Russian)

5/23/08 JV08.19 Financial Market Analysis (FMA) 10/20/08 10/31/08 English

6/6/08 JV08.20 Macroeconomic Diagnostics (MDS) 11/3/08 11/14/08 English

7/4/08 JV08.21 Macroeconomic Forecasting (MF) 12/1/08 12/12/08 English


8/17/07 ST08.51 Macroeconomic Implications of Fiscal Issues (MIF) 1/21/08 2/1/08 English

9/7/07 ST08.01 Financial Programming and Policies (FPP) 2/11/08 2/22/08 English

11/9/07 ST08.04 Macroeconomic Management and Fiscal Policy (MFP) 4/14/08 4/25/08 English

11/30/07 ST08.05 Financial Market Analysis (FMA) 5/5/08 5/16/08 English

12/14/07 ST08.07 Macroeconomic Diagnostics (MDS) 5/19/08 5/30/08 English

1/4/08 ST08.52 Macroeconomic Management for Senior Officials (MMSO) 6/9/08 6/13/08 English

2/22/08 ST08.10 Macroeconomic Management and Financial Sector Issues (MMF) 7/28/08 8/8/08 English

4/11/08 ST08.13 Monetary and Exchange Rate Policy (MERP) 9/15/08 9/26/08 English

5/9/08 ST08.53 Financial Programming and Policies (FPP) 10/13/08 10/24/08 English

5/30/08 ST08.16 Macroeconomic Management and Financial Sector Issues (MMF) 11/3/08 11/14/08 English

6/6/08 ST08.17 Macroeconomic Management and Fiscal Policy (MFP) 11/10/08 11/21/08 English


Application: The online application form for all courses except Applied Economic Policy is at www.imf.org/insapply <http://www.imf.org/insapply> . The application form for Applied Economic Policy is available only at www.jvi.org <http://www.jvi.org> .

1All courses held at BTC, CTP, ITP, JAI, and RTP are by invitation only; in addition some courses at HQ (including DL), JVI, and STI, are by invitation only.

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