imf institute 2012 training catalog · joint vienna institute ... financial markets and new...

I N T E R N A T I O N A L M O N E T A R Y F U N D

2012

INTERNATIONAL MONETARY FUND700 19th Street, NWWASHINGTON, DC 20431U.S.A.

FAX: +1 (202) 623-6490E-MAIL: [email protected]: WWW.IMF.ORG/INSTITUTE

|

Contents

Foreword by the Managing Director . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

Director’s Message . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

Introduction and User Guide . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

Headquarters and Regional Training Centers and Training Schedules . . . . . . . . . . . . . . . . . . . 8IMF Headquarters (HQ) in Washington, D.C. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9Internal Economics Program . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10Distance Learning (DL) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11Joint Regional Training Center for Latin America in Brazil (BTC) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12The IMF-Middle East Center for Economics and Finance (CEF) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13Joint China-IMF Training Program (CTP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15Joint India-IMF Training Program (ITP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16Joint Partnership for Africa (JPA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17Joint Vienna Institute (JVI). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18IMF-Singapore Regional Training Institute (STI) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20Other Training (OT) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

Course Descriptions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24Advanced Macroeconomic Forecasting (MF-A). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25Anti-Money Laundering and Combating the Financing of Terrorism (AML-CFT) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25Balance of Payments Statistics (BPS) (Six-week BPS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26Balance of Payments Statistics (BPS) (Two-week BPS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27Balance Sheets and Accumulation Accounts (BSAA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27Central Banking & Financial Sector Legal Frameworks (FLF/FSLF) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28Challenges of Reforming Tax and Customs Administrations (TPA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28Constructing Baseline Forecasts and Risk Assessments Using the IMF Global Projection Model (GPM) . . . . . . . . . . 28Core Elements of Banking Supervision (BS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29Design, Sequencing, and Implementation of Public Financial Management Reform (PFMR) . . . . . . . . . . . . . . . . . . . . 29Development of Effective Public Debt Management Strategies in a World of Sovereign Assets (SALM) . . . . . . . . . . . 30Economic Issues in Regional Integration (EMI) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31Economic Policies for Financial Stability (EFS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31External Debt Statistics (EDS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32External Vulnerabilities and Policies (EXV) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33External Vulnerabilities – Early Warning Exercise (EXV-EWE) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33Finance for Macroeconomists (FME) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34Financial Market Analysis (FMA). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35Financial Markets and New Financial Instruments (FMN) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36Financial Programming and Policies (FPP) (Five-week FPP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36Financial Programming and Policies (FPP) (Two-week FPP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37Financial Programming and Policies-Inflation Targeting (FPP-IT) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38Financial Programming and Policies Through Distance Learning (FPP-DL) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39Financial Soundness Indicators (FSI) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39Financial Stability, Systemic Risk, and Macro-Prudential Policy (FSMP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40Framework for Monetary Operations (FMO) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41Government Finance Statistics (GFS). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41Government Finance Statistics for Managers (GFS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41Government Finance Statistics Manual Update (GFS-M) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42Legal Aspects of International Financial Institutions (LAIF) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42

Training Catalog 2012 | page 1www.imf.org/institute

Macroeconomic Diagnostics (MDS) (Four-week MDS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43Macroeconomic Diagnostics (MDS) (Two-week MDS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43Macroeconomic Forecasting (MF) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44Macroeconomic Implications of Fiscal Issues (MIF) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45Macroeconomic Management and Debt Issues (MDI). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46Macroeconomic Management and Financial Sector Issues (MMF). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46Macroeconomic Management and Fiscal Policy (MFP) (Five-week MFP). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47Macroeconomic Management and Fiscal Policy (MFP) (Two-week MFP). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48Macroeconomic Management and Natural Resource Management (MMNR). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49Macroeconomic Management for Senior Officials (MMSO) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49Macro-Fiscal Modeling and Analysis (MFMA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50Macro-Prudential Policies (MPP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50Macro Stress Testing (MST) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50Monetary and Exchange Rate Policy (MERP). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51Monetary and Financial Statistics (MFS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52Monetary Policy Analysis (MPA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53Mortgage Markets, Securitization, and Structured Finance (MSF) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53National Accounts Statistics (NAS). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54Price Statistics (PRS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54Public Sector Debt Statistics Workshop (PDS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55Quarterly National Accounts (QNA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55Remittance Statistics (RS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56Reserve Statistics (RSS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56Risk-Based Banking Supervision (BSO). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57Safeguards Assessments of Central Banks (SAC) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57Sovereign Asset and Reserve Management – A Framework for Strategic Asset Allocation (SARM) . . . . . . . . . . . . . . . 58Sovereign Liability and Risk Management – Principles and Practices (SLRM) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59Stress Testing Banks (STB) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60The Global Integrated Monetary and Fiscal Model for Policy Risk and Spillover Analysis (GIMF) . . . . . . . . . . . . . . . . 60The Role of Budget Institutions in Public Financial Management (PFM) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60The Use of DSGE Models in the Policymaking Process (SEM) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61

Deadlines for Courses by Application . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62

Administrative Arrangements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65Application Process for HQ, DL, JVI, and STI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66Application Requirements (HQ, DL, JVI, and STI) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66Selection Process (HQ, DL, JVI, and STI). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66Eligibility Criteria Relating to Previous Course Attendance (HQ, DL, JVI, and STI) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67Travel to Washington and Administrative Arrangements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67Travel to Vienna and Administrative Arrangements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68Travel to Singapore and Administrative Arrangements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69Arrangements for BTC, CEF, CTP, ITP, and JPA. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70Moodle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71The IMF Institute – Going Green! . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71Register to Stay in Touch – Agency Training Contacts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71

http://www.imf.org/institute

|

Foreword by the Managing Director

The International Monetary Fund pursues its goal of

promoting international monetary and financial stability

through three key means: surveillance and policy advice

to our member countries; financial support for members’

economic programs; and technical assistance to build

robust economic institutions. But the success of these

endeavors depends critically on having government officials

in member countries with the skills to assess economic

conditions and to formulate and implement sound policies;

and institutions are only as strong as the people who run

them. Therefore, the Fund is also committed to human

capacity development through the IMF Institute’s program

of high-quality training for government officials at the

Fund’s Washington headquarters and at its training centers

around the world.

Christine Lagarde

www.imf.org/institute

This training is offered jointly with other departments of the Fund, and provided in or translated into six languages. As in previous years, this catalog testifies to the breadth of the curriculum, covering the array of topics in which the Fund has practical expertise. Instructors combine academic rigor with first-hand knowledge of real-world policy issues gained in working closely with our member countries. A typical two-week course delivered by the IMF Institute provides approximately 60 hours of lectures and workshops as well as a substantial amount of group working time. This year, about 51,500 participant days of training will be provided to around 4,700 course participants.

While this academic face of the Fund is not well known to the general public, it is greatly appreciated by the authorities of our member countries, with courses consistently receiving positive feedback, and demands for additional training opportunities growing steadily. The intensity of courses and the collaborative structure of workshops and case studies have led participants to establish networks with their peers from other countries that have lasted for years after the completion of courses. And generations of alumni have risen to high positions within their governments.

Sustaining the IMF’s commitment to human capacity development through training has been greatly facilitated by financial support from numerous member countries and partner organizations. This support has also allowed us to expand the network of regional training centers. Our newest regional training center opened its doors in Kuwait in May 2011 and will serve an important role in capacity building in the member countries of the Arab League.

With the 2012 offering, our training program continues its tradition of excellence, and I am sure that country officials will find their participation as enriching and productive an experience as did their predecessors.

Christine Lagarde Managing Director

International Monetary Fund

Training Catalog 2012 | page 3


|

Director’s Message

It is my pleasure to present the 2012 IMF Institute training

program. The topics covered in the curriculum are those in

which IMF staff have culled insights and practical wisdom

from their work with member countries around the world.

The objective is always to build bridges between economic

theory and the practical business of formulating and

implementing economic policies.

Leslie Lipschitz


Once again, the program reflects our efforts to respond to changing economic policy priorities and the evolution of thinking in the economics profession. A constant dialogue with our member countries—through the various departments of the Fund, the steering committees of the regional training centers, and high-level seminars—helps us to keep the curriculum relevant to the needs of country officials. For example, the fiscal challenges faced by many countries in the post-crisis environment have highlighted the urgency of medium-term fiscal reforms, issues in which the Fund has substantial institutional knowledge. While topics like the design of pension and tax reforms or debt sustainability analysis have traditionally been well covered in our program, they are receiving additional emphasis in our 2012 courses and workshops, complemented by new courses on fiscal institutions and macro-fiscal modeling. Other examples of innovations to the curriculum include new training on macro-prudential policies, bank stress testing, sovereign liability and risk management, and economic and monetary integration. Our daily contact with top academics visiting the IMF Institute allows us to ensure that the analytical content of the courses reflects the current state of the art.

Economic challenges vary from country to country, but all policymakers benefit from the lessons learned in other economies facing similar issues. Our courses share and analyze these

experiences by integrating analytical insights from academic research with practical, real-world studies and hands-on exercises. This practical approach, the intensity of the courses, and the focus on collaborative exercises are key characteristics that cannot be found in a typical university class.

The program for 2012, which is significantly larger than in 2011, reflects generous financial support from a number of member countries. The establishment of our newest regional training center—the IMF-Middle East Center for Economics and Finance—has been made possible through the generosity of the Kuwaiti authorities. It will be of enormous benefit to capacity building in the Arab World.

My colleagues and I continue to be gratified and motivated by the engagement and enthusiasm of participants, and by the positive feedback from them and their institutions. We are confident that the 2012 course program will again meet the high standards that our member countries have come to expect.

Leslie Lipschitz Director, IMF Institute

International Monetary Fund



|

Introduction and User Guide

This catalog describes the training program that the IMF plans to

provide to member country officials during 2012 at its Headquarters

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

overviews, training schedules, course descriptions for 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.

IMF Training Departments Abbreviations

Fiscal Affairs FAD

Finance FIN

IMF Institute INS

Legal LEG

Monetary and Capital Markets MCM

Research RES

Statistics STA

www.imf.org/institute Training Catalog 2012 | page 7

The IMF Institute is the lead training department of the International Monetary Fund (IMF). It organizes the pro-gram 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 train-ing centers by other IMF departments. As in years past, the 2012 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, Fiscal Af-fairs, Legal, Monetary and Capital Markets, Finance, and Research Departments of the IMF, as well as those by the IMF Institute. The program contains over 50 courses, many of which are given multiple times and at different training centers. The comprehensive listing of the courses avail-able at all training centers—Austria, Brazil, China, India, Kuwait, 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 exist-ing courses and develop new ones to stay attuned to the evolving needs of officials from the IMF’s member coun-tries. The expansion of regional training centers has greatly facilitated this effort, both by providing venues for cost effective delivery of relatively short and specialized new courses, and by providing scope to shift relatively short existing courses away from Washington to create more ca-pacity for longer courses at Headquarters. Because longer courses draw on the expertise of many staff from the IMF Institute and other IMF departments, it is generally imprac-tical to offer them at the regional training centers. In using this catalog, it should be noted that courses previously 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. 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 considerations, includ-ing 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.

USER GUIDE

Headquarters Training and Regional Training Centers Overviews and Training Schedules: This section focuses separately on each of the Insti-tute’s principal training locations: the IMF’s Washing-ton Headquarters and the 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 apply for courses (where relevant), and provides contact information. In addition, the section provides a schedule of courses at each training loca-tion. 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 will have 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 interpretation is provided) is a prerequisite for all courses.

Course Descriptions: This section provides stan-dardized descriptions for all of the planned courses, arranged in alphabetical order by course title. A label marks those courses that are being offered for the first time, or that have undergone very substan-tial changes in their content.1 In addition to outlin-ing course objectives, contents, and structure, each course description identifies the target audience for the course, as well as any prerequisite qualifications for those attending. Finally, it provides information on training locations where courses are offered, course start and end dates, and language of instruction.

Deadline for Courses by Application: A table is included, for ease of reference, for the deadline dates of courses by application at HQ, DL, JVI, and STI.

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

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


|

Headquarters and Regional Training Centers and Training Schedules

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

programs at its Washington Headquarters and each of its 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, in

addition to training schedules. Course descriptions and schedules

for each of the courses at 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. Course schedules

provide information on date, language of instruction, application

deadlines (where applicable) and other details (except for DL and

OT). Courses in schedule tables are listed alphabetically.


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 long courses that involve many IMF staff and would be impractical to offer at the RTCs. These include the Institute’s five-week course on Financial Programming and Policies, the four-week courses on Macroeconomic Di-agnostics, Macroeconomic Management and Fiscal Policy, Finance for Macroeconomists, and a six-week course deliv-ered by the IMF’s Statistics Department.

Eligible countries: All IMF member countries excluding 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 of targeted countries upon the request of the responsible IMF department.

Application: The online application form can be accessed 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.

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

Invitation: For courses by invitation, a link to the online nomination form will be provided in the nomination request letter.

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

Contact Information:Contact: Mr. Ian Myers

Chief, Training Operations DivisionAddress: IMF Institute International Monetary Fund 700 19th Street, NW Washington, DC 20431 U.S.A.Telephone: + (202) 623-6660Fax: + (202) 623-6490E-mail: [email protected]


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

HQ

Please note that since August 2010, the

IMF Institute no longer accepts hardcopy

applications.


http://www.imf.org/insapply

http://www.imf.org/ins/candidature

http://www.imf.org/ins/solicitud


mailto:insinfo%40imf.org?subject=

|

Training Schedule

Course NameCourse Number

Application Deadline Begin Date End Date Language*

IMF Department

Balance of Payments Statistics HQ 12.05 12/2/2011 5/7/2012 6/15/2012 English STA

Finance for Macroeconomists HQ 12.04 Invitation 3/19/2012 4/13/2012 English INS

Financial Programming and Policies HQ 12.01 9/9/2011 2/13/2012 3/16/2012 French INS

Financial Programming and Policies HQ 12.02 9/16/2011 2/21/2012 3/23/2012 English INS

Financial Programming and Policies HQ 12.06 1/13/2012 6/18/2012 7/20/2012 English INS

Financial Programming and Policies HQ 12.08 4/6/2012 9/10/2012 10/12/2012 Arabic INS

Financial Programming and Policies-Inflation Targeting HQ 12.09 5/11/2012 10/15/2012 11/16/2012 Spanish INS

Macroeconomic Diagnostics HQ 12.03 11/25/2011 4/30/2012 5/25/2012 English INS

Macroeconomic Diagnostics HQ 12.07 3/23/2012 8/27/2012 9/21/2012 English INS

Macroeconomic Management and Fiscal Policy HQ 12.10 5/11/2012 10/15/2012 11/16/2012 French INS

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

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

HQ

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. The IMF Institute 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/institute.



Distance Learning (DL)

DL

Training Schedule

Course Name Course Number Application Deadline Begin Date End Date Language* Location

Distance Segment DL 12.31 8/31/2011 1/9/2012 3/16/2012 English Online

Residential Segment DL 12.32 Invitation 4/23/2012 5/4/2012 English Vienna, Austria

Distance Segment DL 12.33 3/9/2012 8/13/2012 10/19/2012 English Online

Residential Segment DL 12.34 Invitation 11/26/2012 12/7/2012 English Vienna, Austria

Distance Segment DL 12.35 3/16/2012 8/20/2012 10/26/2012 French Online

Residential Segment DL 12.36 Invitation 12/3/2012 12/14/2012 French Washington, DC



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

Selection Process: Distance segments of the DL courses are by application; all residential segment courses are by invitation only. The DL application requirements are explained in the section on Administrative Arrangements.

Application: The online application can be accessed at www.imf.org/insapply for English courses, and www.imf.org/ ins/candidature for French. Any changes to the schedule will be posted promptly on the IMF Institute website. Applicants to DL courses must apply online.



http://www.imf.org/ ins/candidature

http://www.imf.org/ ins/candidature

|

Joint Regional Training Center for Latin America in Brazil (BTC)

BTC

Training Schedule

Course NameCourse Number Begin Date End Date Language*

IMF Department

Balance of Payments Statistics BT 12.03 4/16/2012 4/27/2012 Spanish STA

Design, Sequencing, and Implementation of Public Financial Management Reforms

BT 12.04 4/23/2012 4/27/2012 English FAD

Financial Markets and New Financial Instruments BT 12.01 2/6/2012 2/17/2012 English INS

Financial Soundness Indicators BT 12.06 5/7/2012 5/18/2012 English STA

Government Finance Statistics BT 12.02 3/5/2012 3/23/2012 English (Spanish) STA

Government Finance Statistics Manual Update BT 12.10 9/24/2012 9/28/2012 English (Spanish) STA

Macroeconomic Forecasting BT 12.11 10/1/2012 10/12/2012 English INS

Macroeconomic Management and Fiscal Policy BT 12.05 4/30/2012 5/11/2012 Spanish INS

Macroeconomic Management and Financial Sector Issues BT 12.08 9/10/2012 9/21/2012 Spanish INS

Monetary and Exchange Rate Policy BT 12.07 6/18/2012 6/29/2012 Spanish INS

Remittances Statistics BT 12.09 9/17/2012 9/21/2012 Spanish STA

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

The Joint Regional Training Center for Latin America in Brazil (BTC) was established in 2001 by the Govern-ment of Brazil and the IMF. Courses are generally of-

fered in English and Spanish 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.

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.

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

Contact Information:Contact: Mr. Mauro Sérgio Bogéa Soares DirectorAddress: Escola de Administração Fazendária Estrada de Unaí – BR 251 KM 4 Brasilia – DF 71.686-900 BrazilTelephone: +55 (61) 3412-6107 +55 (61) 3412-6106Fax: +55 (61) 3412-6022E-mail: [email protected]


mailto:ccb.df.esaf%40fazenda.gov.br?subject=


IMF-Middle East Center for Economics and Finance (CEF)

CEF

The IMF-Middle East Center for Economics and Fi-nance (CEF) was established in May 2011. The IMF Institute (INS) in collaboration with the Government

of Kuwait organizes courses for officials from Arab League member countries at the CEF in Kuwait. The primary pur-pose of the CEF is to strengthen the skills of officials from Arab League countries in economic analysis and diagnosis, and in formulating and implementing effective economic and financial policies. The IMF will be the principal training provider for the CEF in the area of macroeconomic manage-ment. Training outside the core areas of expertise of the IMF will be delivered by other organizations, such as, the World Bank, WTO, and OECD. Courses are offered generally in Arabic, and in English with interpretation into Arabic.

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.

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

Selection Process: Courses are by invitation only. Candidates are nominated by government agencies upon the request of the CEF.

Website: At the time of printing, the CEF courses listed in this catalog were still tentative. Course details and latest information on dates are made available on the IMF Institute website www.imf.org/institute as arrangements are finalized.

Contact Information:Contact: Mr. Abdelhadi Yousef DirectorE-mail: [email protected]

Training Schedule


IMF Department

Anti-Money Laundering and Combating the Financing of Terrorism CE 12.16 10/7/2012 10/11/2012 English (Arabic) LEG

Balance of Payments Statistics CE 12.17 10/7/2012 10/18/2012 English (Arabic) STA

Constructing Baseline Forecasts and Risk Assessments Using the IMF Global Projection Model CE 12.08 1/8/2012 1/12/2012 English (Arabic) RES

Development of Effective Public Debt Management Strategies in a World of Sovereign Assets CE 12.22 9/30/2012 10/4/2012 English MCM

Economic Policies for Financial Stability CE 12.11 6/10/2012 6/21/2012 English INS

External Vulnerabilities and Policies CE 12.04 2/27/2012 3/8/2012 Arabic INS

Financial Market Analysis CE 12.02 1/22/2012 2/2/2012 English INS

Financial Programming and Policies CE 12.05 3/11/2012 3/22/2012 Arabic INS

Financial Programming and Policies CE 12.12 6/24/2012 7/5/2012 Arabic INS



mailto:INSCEF%40imf.org?subject=

|


IMF Department

Framework for Monetary Operations CE 12.15 9/23/2012 9/27/2012 English (Arabic) MCM

Government Finance Statistics for Managers CE 12.20 12/2/2012 12/6/2012 Arabic (English) STA

Macroeconomic Diagnostics CE 12.09 5/6/2012 5/17/2012 English INS

Macroeconomic Forecasting CE 12.10 6/3/2012 6/14/2012 English INS

Macroeconomic Management and Financial Sector Issues CE 12.06 3/25/2012 4/5/2012 Arabic INS

Macroeconomic Management and Fiscal Policy CE 12.03 2/12/2012 2/23/2012 Arabic INS

Macroeconomic Management and Natural Resource Management CE 12.13 8/26/2012 9/6/2012 Arabic INS

Macro-Stress Testing CE 12.23 5/6/2012 5/10/2012 English MCM

Monetary and Exchange Rate Policy CE 12.21 12/2/2012 12/13/2012 Arabic INS

Monetary and Financial Statistics CE 12.07 4/1/2012 4/19/2012 English (Arabic) STA

Price Statistics CE 12.19 11/18/2012 11/29/2012 English (Arabic) STA

Safeguards Assessments of Central Banks CE 12.18 11/4/2012 11/8/2012 English FIN

The Global Integrated Monetary and Fiscal Model for Policy Risk and Spillover Analysis CE 12.01 4/15/2012 4/19/2012 English (Arabic) RES

The Role of Budget Institutions in Public Financial Management CE 12.14 3/11/2012 3/15/2012 English (Arabic) FAD


IMF-Middle East Center for Economics and Finance (CEF)

CEFTraining Schedule (continued)


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 op-

erations in 2000.

Eligible Countries: China1

Selection Process: 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.

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.

1Includes Hong Kong SAR and Macao SAR.

Contact Information:Contact: Mr. Liu Pengpeng Director of the IMF Training Department

CTPAddress: Joint China-IMF Training Program in Dalian No. 68 Binhai West Road, Xingang District Dalian 116013, Liaoning Province People’s Republic of ChinaTelephone: +86 (411) 8240-8840Fax: +86 (411) 8240-8843Email: [email protected]

Joint China-IMF Training Program (CTP)

CTP

Training Schedule

Course NameCourse Number Begin Date End Date Language* IMF Department

Financial Soundness Indicators CT 12.04 9/10/2012 9/21/2012 English (Chinese) STA

Macroeconomic Diagnostics CT 12.05 10/15/2012 10/26/2012 English (Chinese) INS

Macroeconomic Forecasting CT 12.03 5/14/2012 5/25/2012 English (Chinese) INS

Macroeconomic Management and Financial Sector Issues CT 12.02 3/12/2012 3/23/2012 English (Chinese) INS

National Accounts Statistics CT 12.01 2/6/2012 2/17/2012 English (Chinese) STA



http://www.imfctp.org


mailto:ctpinfo%40imfctp.org?subject=

|

Joint India-IMF Training Program (ITP)

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 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 rbi.org.in/scripts/itp.aspx and the IMF Institute website www.imf.org/institute.

Contact Information:Contact: Shri Vijay Raina ITP AdministratorAddress: Joint India-IMF Training Program in Pune ITP Centre, National Institute of Bank Management Kondhwe Khurd, Pune 411048 IndiaTelephone: +91 (20) 2683-7425/ +91 (20) 2683-7426Fax: +91 (20) 2683-7427E-mail: [email protected]

Training Schedule


IMF Department

Anti-Money Laundering and Combating the Financing of Terrorism IP 12.04 6/4/2012 6/8/2012 English LEG

Anti-Money Laundering and Combating the Financing of Terrorism IP 12.05 7/9/2012 7/13/2012 English LEG

Balance of Payments Statistics IP 12.03 4/9/2012 4/20/2012 English STA

Financial Programming and Policies IP 12.07 10/29/2012 11/9/2012 English INS

Financial Soundness Indicators IP 12.02 3/12/2012 3/23/2012 English STA

Macroeconomic Management and Financial Sector Issues IP 12.01 1/9/2012 1/20/2012 English INS

Macroeconomic Management and Fiscal Policy IP 12.06 9/10/2012 9/21/2012 English INS


rbi.org.in/scripts/itp.aspx


mailto:itppune%40imfrbi.nibmindia.org?subject=


Joint Partnership for Africa (JPA)

T he “Joint Partnership for Africa”—a partnership of the African Development Bank and International Monetary Fund—was put in place in January 2010,

replacing the Joint Africa Institute. The “Joint Partnership for Africa” will be responsible for organizing training in Tu-nisia and in other locations in Africa. The IMF Institute will be the main sponsor of these courses which are offered in English and 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 is by invitation. Candidates are nominated by government agencies upon the request for nominations by the responsible IMF department.

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

Contact Information:Contact: AfDB/IMF Training CoordinatorAddress: c/o African Development Bank B. P. 323 1002 Tunis Belvédère, TunisiaE-mail: [email protected]

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

JPA

Training Schedule


IMF Department

Balance of Payments Statistics JP 12.09 11/19/2012 11/30/2012 French STA

Financial Programming and Policies JP 12.01 1/23/2012 2/3/2012 French INS

Government Finance Statistics JP 12.07 10/8/2012 10/26/2012 French (English) STA

Macroeconomic Diagnostics JP 12.06 10/1/2012 10/12/2012 English INS

Macroeconomic Management and Fiscal Policy JP 12.05 5/28/2012 6/8/2012 French INS

Macroeconomic Management and Natural Resource Management JP 12.10 12/3/2012 12/14/2012 French INS

Monetary and Financial Statistics JP 12.04 5/7/2012 5/25/2012 English STA

Public Sector Debt Statistics Workshop JP 12.02 2/13/2012 2/24/2012 English STA

Quarterly National Accounts JP 12.08 11/12/2012 11/23/2012 English STA

Safeguards Assessments of Central Banks JP 12.03 4/16/2012 4/20/2012 English (French) FIN




mailto:insinfo%40imf.org?subject=

|

Joint Vienna Institute (JVI)

The IMF Institute (INS) organizes courses for of-ficials from new European Union (EU) member countries and economies in transition in Europe

and Asia at the Joint Vienna Institute (JVI) in Austria. Supported by two Primary Members (Austria—repre-sented by the Federal Ministry of Finance (BMF) and the Oesterreichische Nationalbank (OeNB)—and the IMF), four Contributing Members (European Bank for Recon-struction and Development (EBRD), International Bank for Reconstruction and Development (IBRD), Organi-zation for Economic Co-operation and Development (OECD), and the World Trade Organization (WTO)), and other bilateral donors, the JVI was started in 1992. Since late 2007, the European Commission (EC) has Observer Status. Starting in 2009, INS has begun expanding its course offerings at the JVI to include more advanced courses in macroeconomics and finance. These global courses are open to participants from traditional JVI-eli-gible countries and to select participants from elsewhere.

Eligible Countries: Albania, Armenia, Republic of Azerbaijan, Belarus, Bosnia and Herzegovina, Bulgaria, Cambodia, China,1 Croatia, Czech Republic, Estonia, Georgia, Hungary, Kazakhstan, Kosovo, Kyrgyz Republic, Lao People’s Democratic Republic, Latvia, Lithuania, Macedonia, FYR of, Moldova, Mongolia, Montenegro, Myanmar, Poland, Romania, Russia, Serbia,

1Includes Hong Kong SAR and Macao SAR.

Slovakia, Slovenia, Tajikistan, Turkey, Turkmenistan, Ukraine, Uzbekistan, and Vietnam.

Selection Process: Courses are either by application or by invitation. Application requirements 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.

Application: The online application form can be accessed at www.imf.org/insapply.

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.

Contact Information:Contact: Mr. Eduard H. Hochreiter DirectorAddress: Joint Vienna Institute Mariahilfer Strasse 97 A-1060 Vienna AustriaTelephone: +43 (1) 798-9495Fax: +43 (1) 798-0525E-mail: [email protected]

Training Schedule



IMF Department

Anti-Money Laundering and Combating the Financing of Terrorism

JV 12.08 Invitation 4/9/2012 4/13/2012 English LEG

Balance Sheets and Accumulation Accounts JV 12.22 Invitation 9/10/2012 9/14/2012 English (Russian) STA

Central Banking and Financial Sector Legal Frameworks JV 12.16 Invitation 7/2/2012 7/13/2012 English (Russian) LEG

Economic Policies for Financial Stability JV 12.06 Invitation 3/26/2012 4/6/2012 English INS

Economic Policies for Financial Stability JV 12.20 Invitation 8/13/2012 8/24/2012 English INS

External Debt Statistics JV 12.30 7/13/2012 12/10/2012 12/21/2012 English (Russian) STA


http://www.jvi.org


mailto:jvi%40jvi.org?subject=


JVIJoint Vienna Institute (JVI)



IMF Department

External Vulnerabilities – Early Warning Exercise JV 12.26 5/18/2012 10/15/2012 10/26/2012 English INS

Financial Market Analysis JV 12.24 5/4/2012 10/1/2012 10/12/2012 English INS

Financial Markets and New Financial Instruments JV 12.14 Invitation 6/11/2012 6/22/2012 English INS

Financial Programming and Policies JV 12.02 9/2/2011 1/30/2012 2/10/2012 English (Russian) INS

Financial Programming and Policies JV 12.23 4/20/2012 9/17/2012 9/28/2012 English (Russian) INS

Financial Stability, Systemic Risk, and Macro-Prudential Policy

JV 12.05 Invitation 3/12/2012 3/21/2012 English MCM

Government Finance Statistics JV 12.17 2/17/2012 7/16/2012 8/3/2012 English (Russian) STA

Legal Aspects of International Financial Institutions JV 12.12 Invitation 5/21/2012 5/25/2012 English (Russian) LEG

Macroeconomic Diagnostics JV 12.09 11/25/2011 4/23/2012 5/4/2012 English INS

Macroeconomic Diagnostics JV 12.28 6/8/2012 11/5/2012 11/16/2012 English INS

Macroeconomic Forecasting JV 12.10 12/9/2011 5/7/2012 5/18/2012 English INS

Macroeconomic Forecasting JV 12.29 6/29/2012 11/26/2012 12/7/2012 English INS

Macroeconomic Management and Financial Sector Issues

JV 12.03 9/16/2011 2/13/2012 2/24/2012 English (Russian) INS



Macroeconomic Management and Fiscal Policy JV 12.01 9/2/2011 1/16/2012 1/27/2012 English (Russian) INS

Macroeconomic Management and Natural Resource Management


Macro-Fiscal Modeling and Analysis JV 12.04 10/7/2011 3/5/2012 3/16/2012 English INS

Monetary and Exchange Rate Policy JV 12.13 12/30/2011 5/28/2012 6/8/2012 English (Russian) INS

Monetary and Exchange Rate Policy JV 12.25 5/11/2012 10/8/2012 10/19/2012 English (Russian) INS

Monetary and Financial Statistics JV 12.19 3/9/2012 8/6/2012 8/24/2012 English (Russian) STA

Monetary Policy Analysis JV 12.21 3/30/2012 8/27/2012 9/7/2012 English INS

Mortgage Markets, Securitization, and Structured Finance

JV 12.15 Invitation 6/25/2012 6/29/2012 English INS

National Accounts Statistics JV 12.27 Invitation 10/22/2012 11/2/2012 English (Russian) STA

Risk Based Supervision JV 12.11 Invitation 5/7/2012 5/11/2012 English MCM


Training Schedule (continued)


|

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, Tuvalu, Vanuatu, and Vietnam.2

Selection Process: Courses are either by application or by invitation. Application requirements 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.

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

Application: The online application can be accessed at www.imf.org/insapply. Any changes in the course schedule will be posted promptly on the IMF Institute website.

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 DirectorAddress: IMF-Singapore Regional Training Institute 10 Shenton Way MAS Building 14-03 Singapore 079117 SingaporeTelephone: +65 6225-5311Fax: +65 6225-6080E-mail: [email protected]


http://www.imfsti.org


mailto:stiinfo%40imf.org?subject=


STIIMF-Singapore Regional Training Institute (STI)



IMF Department

Anti-Money Laundering and Combating the Financing of Terrorism

ST 12.04 Invitation 3/5/2012 3/9/2012 English LEG

Balance of Payments Statistics ST 12.03 Invitation 3/5/2012 3/16/2012 English STA

Balance Sheets and Accumulation Accounts ST 12.07 Invitation 3/26/2012 3/30/2012 English STA

Central Banking and Financial Sector Legal Frameworks

ST 12.19 Invitation 9/3/2012 9/14/2012 English LEG

Challenges of Reforming Tax and Customs Administrations

ST 12.12 Invitation 5/28/2012 6/1/2012 English FAD

Design, Sequencing and Implementation of Public Financial Management Reforms

ST 12.16 Invitation 7/9/2012 7/13/2012 English FAD

Economic Policies for Financial Stability ST 12.20 Invitation 9/3/2012 9/14/2012 English INS

Financial Market Analysis ST 12.08 11/11/2011 4/9/2012 4/20/2012 English INS

Financial Markets and New Financial Instruments ST 12.24 Invitation 12/3/2012 12/14/2012 English INS

Financial Programming and Policies ST 12.11 12/9/2011 5/7/2012 5/18/2012 English INS

Financial Programming and Policies ST 12.51 8/30/2011 1/9/2012 1/20/2012 English INS

Financial Stability, Systemic Risk, and Macro-Prudential Policy

ST 12.01 Invitation 07/9/2012 07/18/2012 English MCM

Government Finance Statistics Manual Update ST 12.18 3/30/2012 8/27/2012 8/31/2012 English STA

Macroeconomic Diagnostics ST 12.15 1/27/2012 6/25/2012 7/6/2012 English INS

Macroeconomic Forecasting ST 12.05 10/21/2011 3/19/2012 3/30/2012 English INS

Macroeconomic Implications of Fiscal Issues ST 12.53 6/8/2012 11/5/2012 11/16/2012 English INS


ST 12.17 2/24/2012 7/23/2012 8/3/2012 English INS

Macroeconomic Management and Fiscal Policy ST 12.02 9/9/2011 2/6/2012 2/17/2012 English INS

Macroeconomic Management for Senior Officials ST 12.52 12/23/2011 5/21/2012 5/25/2012 English INS

Monetary and Exchange Rate Policy ST 12.14 1/13/2012 6/11/2012 6/22/2012 English INS

Monetary and Financial Statistics ST 12.22 6/1/2012 10/29/2012 11/16/2012 English STA

Mortgage Markets, Securitization, and Structured Finance

ST 12.23 Invitation 11/26/2012 11/30/2012 English INS

Public Sector Debt Statistics Workshop ST 12.09 11/25/2011 4/23/2012 5/4/2012 English STA

Reserves Statistics ST 12.13 Invitation 6/4/2012 6/8/2012 English STA

Sovereign Asset and Reserve Management – a Framework for Strategic Asset Allocation

ST 12.21 5/25/2012 10/22/2012 10/26/2012 English MCM

Sovereign Liability and Risk Management – Principles and Practices

ST 12.10 12/9/2011 5/7/2012 5/11/2012 English MCM

Stress Testing Banks ST 12.06 Invitation 3/19/2012 3/23/2012 English MCM

*All courses at the STI are taught in English, and fluency in English is a prerequisite.

Training Schedule


|

Other Training (OT)

In addition to providing training at Headquarters and the regional training centers, the IMF Institute delivers many of its two-week courses at the IMF’s regional technical assistance centers and various other venues, often in collaboration with other regional training organizations. Over 20 course deliveries at OT venues are planned for 2012, including offerings

in Arabic, English, French, and Spanish. To a large extent, the Institute’s capacity to deliver this “other training” depends on the availability of financial support from hosts or donors. These courses are generally scheduled after the courses at Headquarters and the IMF’s six regional training centers. They are listed in this catalog, but the dates are subject to change. Details of location and latest information on dates are made available on the IMF Institute website www.imf.org/institute as arrangements are finalized. All OT courses are by invitation.

Training Schedule

Region Course Name Course Number Language*

Africa Economic Issues in Regional Integration OT 12.15 English

Africa Economic Issues in Regional Integration OT 12.28 English

Africa Economic Policies for Financial Stability OT 12.26 English

Africa External Vulnerabilities and Policies OT 12.22 English

Africa External Vulnerabilities and Policies OT 12.20 English

Africa External Vulnerabilities and Policies OT 12.16 French

Africa Financial Market Analysis OT 12.02 English (French)

Africa Financial Programming and Policies OT 12.04 English

Africa Macroeconomic Diagnostics OT 12.17 English

Africa Macroeconomic Management and Debt Issues OT 12.11 French

Africa Macroeconomic Management and Financial Sector Issues OT 12.10 English

Africa Macroeconomic Management and Financial Sector Issues OT 12.29 French

Africa Macroeconomic Management and Natural Resource Management OT 12.07 English

Africa Monetary and Exchange Rate Policy OT 12.18 English

Asia Economic Policies for Financial Stability OT 12.52 English

Asia Macroeconomic Diagnostics OT 12.53 English

Asia Macroeconomic Management and Financial Sector Issues OT 12.23 English

Asia Macroeconomic Management and Financial Sector Issues OT 12.51 English



OTOther Training (OT)

Region Course Name Course Number Language*

Central Asia Macroeconomic Implications of Fiscal Issues OT 12.19 English (Russian)

Cental Asia Macroeconomic Management and Fiscal Policy OT 12.09 English (Russian)

Europe Macroeconomic Management and Financial Sector Issues OT 12.21 English

Europe Macroeconomic Management and Fiscal Policy OT 12.13 Portuguese

Europe Macroeconomic Management and Fiscal Policy OT 12.25 English

Europe Macroeconomic Management and Financial Sector Issues OT 12.14 English

Middle East Financial Programming and Policies OT 12.12 English

Western Hemisphere Advanced Macroeconomic Forecasting OT 12.30 English

Western Hemisphere Core Elements of Banking Supervision OT 12.01 Spanish

Western Hemisphere Economic Policies for Financial Stability OT 12.06 Spanish

Western Hemisphere Financial Programming and Policies OT 12.05 English

Western Hemisphere Monetary and Exchange Rate Policy OT 12.27 Spanish

Western Hemisphere Macro-Prudential Polices OT 12.24 English

Western Hemisphere The Use of DSGE Models in the Policy-Making Process OT 12.03 Spanish


Training Schedule (continued)


|

Course Descriptions

The following is a consolidated list of the courses offered

at Headquarters, the regional training centers, and other

training venues around the world by the IMF Institute and

other IMF departments during calendar year 2012, presented

in alphabetical order by course title followed by a table listing

locations and dates for each course in chronological order.

For the latest information on the schedule please visit the

IMF Institute website at www.imf.org/institute.



Advanced Macroeconomic Forecasting (MF-A)

Qualifications: Mid–to senior–level officials involved in conducting research used in the design and implementation of macroeconomic policy. Familiarity with the content of the INS Macroeconomic Forecasting course would be desirable.

Target Audience: Participants should have an advanced degree in economics or equivalent experience, and be actively in-volved in using modern econometric methods to prepare policy briefs or research papers. They should also be comfortable using EViews and its built-in programming language.

Course Description: This one-week course, presented by the IMF Institute, aims to enhance participants’ applied macro-economic modeling skills. Lectures employ the case study approach to motivate each econometric technique discussed in the course. Each lecture is built around one or two well-known applied papers, reviewing the key economic issues posed, the econometric methods used, and the technical issues involved in replicating the published findings, including the appro-priate Eviews code. Hands-on learning and programming in Eviews by participants is an integral part of the course.

The course focuses on the following econometric methods:

•vectorAutoregressionsandErrorCorrectionModels;

•structuralVectorAutoregressionModels;

•proceduresforpotentialoutput/outputgapestimationandforecasting;

•estimatingmodelsandpreparingforecastsusingtheKalmanfilter;

•combinationForecasts;and,

•modelsimulations

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

Location† Begin Date End Date LanguageApplication deadline

Other Training Venue (OT) in Western Hemisphere 11/5/2012 11/9/2012 English Invitation

†For OT courses locations will be posted in the IMF Institute’s website at www.imf.org.

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

Target Audience: Officials responsible for AML/CFT matters.

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

Course Description: These one-week workshops, presented by the IMF’s Legal Department, are designed to enhance the expertise of government officials involved in the AML/CFT frameworks of their countries to improve the legal, supervisory and institutional capacity in this area. The workshops involve government officials in practical and hands-on exercises designed to enhance their ability to effectively implement their countries’ AML/CFT legal, supervisory, and institutional requirements.


www.img.org/institute

|

Location Begin Date End Date Language*Application deadline

IMF-Singapore Regional Training Institute (STI) – Singapore 3/5/2012 3/9/2012 English Invitation

Joint Vienna Institute (JVI) – Vienna, Austria 4/9/2012 4/13/2012 English Invitation

Joint India-IMF Training Program (ITP) – Pune, India 6/4/2012 6/8/2012 English Invitation


IMF-Middle East Center for Economics and Finance (CEF) – Kuwait 10/7/2012 10/11/2012 English (Arabic) Invitation

*Interpretation is provided in the language in parentheses.

Balance of Payments Statistics (BPS) (Six-week BPS)

Target Audience: Officials whose main responsibility is compiling balance of payments and/or international investment posi-tion statistics.

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

Course Description: This six-week course, presented by the IMF’s Statistics Department, provides training on the methodol-ogy for collecting and compiling balance of payments and international investment position statistics based on the Balance of Payments and International Investment Position Manual, sixth edition. 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 provide participants with an opportunity to put acquired knowledge into practice. During the case studies and plenary session discussions, participants have the opportunity to discuss problems they encountered in their work on the compilation of balance of payments and international investment position statistics in their respective countries.

The course covers:

•theconceptualframeworkofthebalanceofpaymentsandinternationalinvestmentposition,includingthedouble-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;

•classificationandcoverageofthestandardcomponentsofthebalanceofpaymentsandtheinternationalinvestmentposition, including goods, services, primary and secondary income, capital transfers, direct investment, portfolio investment, financial derivatives, other investment, and reserve assets;

•datasourcesandmethodsusedtocollectandcompilethestatistics,includingtheuseofadministrativedata,enterprisesurveys (including survey design and sampling methods), and use of an international transactions reporting system; and

•othertopics,includingexternaldebtstatistics,therelationshipbetweenbalanceofpaymentsstatisticsandothermacroeconomic 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.

Location Begin Date End Date Language Application deadline

IMF Headquarters (HQ) – Washington, DC 5/7/2012 6/15/2012 English 12/2/2011


Balance of Payments Statistics (BPS) (Two-week BPS)



Course Description: This two-week course, presented by the IMF’s Statistics Department, provides training on the method-ology for collecting and compiling balance of payments and international investment position statistics based on the IMF’s Balance of Payments and International Investment Position Manual, sixth edition. It consists of a series of lectures, discus-sions, and practical exercises. Lectures and class discussions focus on general concepts and compilation practices, while exercises provide participants with an opportunity to put knowledge learned into practice. During the course, participants have the opportunity to discuss problems they encountered in their work on the compilation of balance of payments and international investment position statistics in their respective countries.

Location Begin Date End Date Language* Application deadline



Joint Regional Training Center for Latin America (BTC) – Brasilia, Brasil 4/16/2012 4/27/2012 Spanish Invitation


Joint Partnership for Africa (JPA) – Tunis, Tunisia 11/19/2012 11/30/2012 French Invitation


Balance Sheets and Accumulation Accounts (BSAA)

Target Audience: The course is designed for compilers of national accounts and financial accounts statistics.


Course Description: This one-week course, presented by the IMF’s Statistics Department, covers theoretical and practical aspects in the compilation of sectoral accumulation accounts and balance sheets within the integrated framework of the System of National Accounts 2008 (2008 SNA). The course consists of lectures covering methodological and compilation issues as well as workshops consisting of practical compilation exercises. The main aim of the course is to provide partici-pants with the necessary skills to compile the complete sequence of sectoral accumulation accounts (capital, financial, other changes in volume, and revaluations) and the balance sheets covering financial and non-financial assets. The lectures pro-vide a thorough review of the main concepts and classifications applied to the accumulation accounts and the balance sheet in the 2008 SNA, examine potential source data for their compilation, and explain and illustrate compilation techniques and procedures. The course also provides a forum for sharing country experiences among participants.

Location Begin Date End Date Language* Application Deadline


Joint Vienna Institute (JVI) – Vienna, Austria 9/10/2012 9/14/2012 English (Russian) Invitation



|

Central Banking and Financial Sector Legal Frameworks (FLF/FSLF)

Target Audience: IMF-Singapore Regional Training Institute (STI): Public sector lawyers who are involved in central banking, oversight of financial market infrastructures, financial sector regulation/supervision, bank resolution, and crisis management; Joint Vienna Institute (JVI): Lawyers from transition and emerging market economies who are involved in central banking, oversight of financial market infrastructures, financial sector regulation/supervision, bank resolution, and crisis management.


Course Description: This two-week course, presented by the IMF’s Legal Department, covers various aspects of the institu-tional and legal infrastructure that are necessary to support sound and efficient market-based financial systems. It therefore addresses the legal underpinnings of effective central banking, oversight of financial market infrastructures, financial sector regulation/supervision, bank resolution, and crisis management.





Challenges of Reforming Tax and Customs Administrations (TPA)

Target Audience: Heads of tax and customs administrations or senior officials closely involved with ongoing or planned reforms of revenue administration.


Course Description: This one-week seminar, which is organized in cooperation with the Fiscal Affairs Department, is con-ducted by senior revenue administration officials in an interactive forum which draws on participants’ own experiences in the design and implementation of the tax and customs administration reforms underway in many Asian countries. Topics include: the importance of strategic planning for successful reforms; the human resource and change management challeng-es inherent in major reforms; the criticality of effective core revenue administration operations; achieving increased taxpayer voluntary compliance and more effective enforcement; and reducing the costs of administration while at the same time increasing organizational effectiveness.



Constructing Baseline Forecasts and Risk Assessments Using the IMF Global Projection Model (GPM)

Target Audience: The course is designed for mid- to senior-level officials at central banks.

Qualifications: Participants should be involved in the implementation of monetary policy and in the design of a model-based system for policy analysis and projections.


Course Description: This one-week course, presented by the Economic Modeling Unit of the Research Department, dem-onstrates the construction of baseline forecasts and risks assessments using the Global Projection Model (GPM). The course provides an overview of the modeling system and of how to link forecasts and risks assessments for small open economies to scenarios derived from a six-region version of GMP (GMP6), which includes the United States, Euro Area, Japan, Emerg-ing Asia, Latin America, and a rest-of-the-world block. Other regional blocks can be added. The main focus of the course is to provide hands-on training on the following:

•asimplesmall-open-economymodelandmethodologiestomeasurepotentialoutputandotherlatentvariables;

•methodstoblendinformationfromhighfrequencyindicatorswithforecastsfromstructuralmodels,andtheGPMshort-term forecasting system (STFS);

•constructingbaselineprojectionandriskassessmentwithGPM;and

•howtoimplementandevaluateasmall-open-economymodel,buildscenarios,andlinkthemtoGPM6.Participantsare taught elements of IRIS, a MATLAB toolbox developed to estimate and simulate forward-looking macro models.




Core Elements of Banking Supervision (BS)

Target Audience: The course is designed for bank supervisors.

Qualifications: Participants should be familiar with banking regulation.

Course Description: This one-week course, presented by the IMF Institute, reviews current developments in banking super-vision and regulation. Topics include proposed changes to capital adequacy regulatory guidelines, the supervision of large and complex financial institutions, the supervision of risk management practices (e.g., stress tests analysis), as well as a re-view of recent proposals on identifying and regulating systemically important institutions. Participants are actively involved through companion workshops and case studies.

Location† Begin Date End Date Language Application deadline

Other Training Venue (OT) in Western Hemisphere 1/16/2012 1/20/2012 Spanish Invitation

†For OT courses locations will be posted in the IMF Institute’s website at www.imf.org/institute

Design, Sequencing, and Implementation of Public Financial Management Reforms (PFMR)

Target Audience: Senior budget and expenditure management staff of ministries of finance, planning ministries, and other ministries.

Qualifications: Participants should have extensive (10-15 years) work experience in central government, with at least 5 years in the budget or expenditure management fields.



|

Course Description: This one-week course, presented by the IMF’s Fiscal Affairs Department, aims to provide participants insight into the process of public financial management reform in developing countries. The main aims, approaches, chal-lenges and management of effective reform processes are discussed. The course combines background lectures, case studies and group exercises. The course starts off with a discussion of the main objectives of Public Financial Management (PFM) reform, related to the most common budget and treasury management issues faced by developing countries.

The various diagnostic instruments for assessing strengths and weaknesses in PFM systems are discussed, including the Public Expenditure and Financial Accountability (PEFA) diagnostic framework. The course reviews the pros and cons of typical Public Financial Management reform roadmaps, including the “Basics First” approach, IT system-driven PFM reform, and the World Bank platform approach. Case studies challenge participants to mimic the strategy formulation process lead-ing to country-specific PFM reform agendas. Sequencing issues in PFM reforms are discussed with regard to multi-year and performance budgeting, government accounting and budget execution. The final day discusses the management of reform processes, in part based on case studies; specific implementation issues and challenges are discussed with regard to various PFM reform components.


Joint Regional Training Center for Latin America (BTC) – Brasilia, Brasil 4/23/2012 4/27/2012 English Invitation


Development of Effective Public Debt Management Strategies in a World of Sovereign Assets (SALM)

Target audience: Mid- to senior-level government officials, monetary authorities and other public sector officials with respon-sibility for debt management policies and decisions and/or oversight and management responsibility of key sovereign asset portfolios. This includes staff with policy and operational responsibilities relating to monitoring and managing sovereign liabilities, including the negotiation of loans and issuance of debt securities in both domestic and international capital mar-kets, plus officials with policy and operational responsibilities for the management of key portfolios of sovereign assets.

Qualifications: Participants are expected to have a background in financial markets and macroeconomics, along with famil-iarity with debt sustainability analysis is desirable.

Course Description: This 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 developing public debt management strate-gies that effectively take a comprehensive and holistic overview of the sovereign balance sheet. In particular, it will explore how best to take account of the nature and scale of sovereign assets, including international reserves but also sovereign wealth or other public sector asset funds. It will also spend some time exploring the issue of contingent liabilities—both implicit and explicit—and how strategies could be adapted to reflect the risk that such liabilities materialize. The workshop will address a range of technical issues, including quantitative techniques to inform decision making, but will also address key institutional aspects, including issues in coordination, transparency, etc. The course considers, inter-alia, the following:

•systematicapproachfordevelopingadebtmanagementstrategy:Identificationoftheobjectivesandscopeofthestrategy; Determining the key assumptions; Identifying key risk parameters; and, Measurement of key portfolio risks, including currency, interest rate and refinancing exposures.


•coordinationwithotherkeypolicyareas(includingmonetaryandfiscalpolicy):identifyingkeyinformationonrelevant asset portfolios (including characteristics and projected impact on overall balance); and, determining the key risk scenarios (including on contingent liabilities).

•implementationandoperationalissues:effectiveorganizationalarrangements;accessingdebtcapitalmarketseffectively(international and domestic); and, effective monitoring arrangements (including ongoing risk measurement).


IMF-Middle East Center for Economics and Finance (CEF) – Kuwait 9/30/2012 10/04/2012 English Invitation

Economic Issues in Regional Integration (EMI)

Target Audience: Mid- to senior-level officials in central banks and ministries of finance of countries that take part in a re-gional integration arrangement or that are exploring or planning the creation of such an arrangement.

Qualifications: Participants are expected to have an advanced degree in economics or equivalent experience and to be pro-ficient in the use of spreadsheets.

Course Description: The main objective of this two-week course, presented by the IMF Institute, is to broaden participants’ understanding of various aspects of economic and monetary integration. Drawing on the theory and on case studies from experiences in several regions of the world, the course covers:

•therequirementsforeconomicandmonetaryintegration,

•trade,financialandmonetaryintegration,

•costsandbenefitsoftheimplementationprocess,and

•politicaleconomyaspectsofintegration.Workshopsaredesignedtodeepentheparticipants’knowledgeonspecificissues stemming from economic and monetary integration experiences. Participants make assessments using case studies involving country data and are required to deliver their conclusions in short presentations.


Other Training Venue (OT) in Africa 6/18/2012 6/29/2012 English Invitation


†For OT courses locations will be posted in the IMF Institute’s website at www.imf.org/institute.

Economic Policies for Financial Stability (EFS)

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

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



|

Course Description: This 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 the macroeconomic causes, consequences, and policy responses to stress in financial markets and banking systems, and distills policy lessons from recent crises. Particular attention is paid to the interaction among the macroeconomic, financial, supervisory and reg-ulatory frameworks. Early warning systems, techniques for assessing financial stability (including stress testing), and financial risk management are also addressed. Participants may be asked to make short presentations on topics of interest in their countries.




Other Training Venue (OT) in Asia 5/7/2012 5/18/2012 English Invitation






External Debt Statistics (EDS)

Target Audience: Officials whose main responsibility is the compilation of external debt statistics.

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

Course Description: This two-week course, presented by the IMF’s Statistics Department, is intended to provide participants with a thorough understanding of the conceptual framework for the compilation of external debt statistics and with practical guidance on the collection and analysis of these data. It comprises lectures, practical exercises, and case studies. The text for the course is External Debt Statistics: Guide for Compilers and Users (Debt Guide). The course covers:

•theconceptualframeworkforcompilingtherangeofexternaldebtdataseriesrecommendedintheDebtGuideandhow they relate to the principles of balance of payments, international investment position, government finance, and national accounts methodology;

•practicalguidanceinthecompilationofexternaldebtdataforthepublicandprivatesectors,includingtheinstitutionalarrangements for the compilation of these data and international sources of external debt statistics;

•therequirementsforexternaldebtstatisticsundertheIMF’sdatadisseminationstandards,includingtheWorldBank’squarterly external debt statistics (QEDS) database;

•theinterrelationofexternaldebtstatisticswiththepublicsectordebttemplate;and

•thevarioususesofexternaldebtstatisticsandmethodsofdataqualitycontrol,includingcasestudiesontheimplementation of the IMF’s Data Quality Assessment Framework for external debt statistics, and lectures on debt restructuring and debt sustainability analysis. Participants from each country represented are expected to prepare a short paper in advance on external debt compilation in their own country, for discussion during the course.




Joint Vienna Institute (JVI) – Vienna, Austria 12/10/2012 12/21/2012 English (Russian) 7/13/2012


External Vulnerabilities and Policies (EXV)

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

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

Course Description: This two-week course, presented by the IMF Institute, draws upon the latest work of the Fund to pro-vide participants with a comprehensive set of analytical tools for assessing external vulnerabilities and designing appropriate policy responses. These tools allow participants to evaluate a wide range of external debt, foreign exchange reserve man-agement, capital account liberalization, and foreign aid management policies. Participants sharpen their skills with hands-on exercises, as well as presentations on specific aspects of external vulnerabilities based on their countries’ experience.

The course is divided into three modules:

1. current account sustainability analysis, linking current account and external debt dynamics;

2. the role of financial assets shocks in triggering large changes in external financial flows; and

3. capital account liberalization and international aid as potential sources of volatility in the balance of payments.

Location† Begin Date End Date Language Application Deadline

IMF-Middle East Center for Economics and Finance (CEF) – Kuwait 2/27/2012 3/8/2012 Arabic Invitation

Other Training Venue (OT) in Africa 6/18/2012 6/29/2012 French Invitation




External Vulnerabilities – Early Warning Exercise (EXV-EWE)

Target Audience: Mid- to senior-level officials from central banks and government agencies dealing with the assessment of external vulnerabilities and other macroeconomic risks.

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

Course Description: This two-week course is presented by the IMF Institute, the IMF’s Strategy, Policy and Review Depart-ment, and the Joint Vienna Institute. It aims to broaden participants’ understanding of external vulnerabilities by familiariz-ing them with the analytical frameworks used by the IMF to assess vulnerabilities and policy responses. Drawing upon the latest work of the Fund, the course presents the tools used in the Vulnerability Exercises for Advanced and Emerging Market



|

Countries to identify risks and vulnerabilities in individual countries and the potential for system-wide disturbances, includ-ing between advanced and emerging countries. The course surveys policies for dealing with vulnerabilities, notably external debt and foreign reserve management and capital account liberalization.

The course proceeds in the following sequential steps:

1. Current account sustainability: The course starts with a discussion of the traditional flow approach to current account sustainability, which focuses on the linkages between the current account and external debt dynamics and vulnerabilities caused by current account shocks. It presents the Fund’s external debt sustainability framework, operational indicators used to assess external vulnerabilities, and how unsustainable current account positions can trigger external crises.

2. Capital Account Crises: The course then proceeds to an analysis of external vulnerabilities caused by stock imbalances and capital market factors. It presents the balance sheet approach with its emphasis on the role of shocks to stocks of assets and liabilities in triggering large adjustments in capital flows.

3. The Fund’s Early Warning Exercises I: Basic Analytics. This segment presents the basic analytics and process of the Fund’s EWE in terms of objectives, coverage, inputs, and main outputs. Data, methodologies, and econometric models of country vulnerability are presented and discussed.

4. The Fund’s Early Warning Exercises II: Analysis of Spillover Effects. This segment presents models for spillover effects and systemic risks analysis and scenarios for spillovers between advanced and emerging countries, including across banking systems. The coverage concludes by presenting pre-crisis estimates for emerging Europe and other vulnerable European countries.

5. Policy Lessons: The course concludes with a presentation of lessons from recent capital account crises, including for macroeconomic policies and institutions, and capital account liberalization.

Location Begin Date End Date Language Application Deadline

Joint Vienna Institute (JVI) – Vienna, Austria 10/15/2012 10/26/2012 English 5/18/2012

Finance for Macroeconomists (FME)

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

Qualifications: Participants are expected to have an advanced degree in economics or equivalent experience and it is impor-tant that they be proficient in the use of spreadsheets.

Course Description: This four-week course, presented by the IMF Institute, examines the role and functions of financial mar-kets and institutions, and their linkages to the macroeconomy. The course begins with an overview of the characteristics of financial instruments and their pricing, as well as investors’ portfolio and risk management decisions. It then examines the analytical tools and methods used to extract information about macroeconomic variables from financial prices, as well as to assess the soundness of financial systems and their linkages to macroeconomic activity. Topics include:

•moneyandcapitalmarketinstruments;

•bondpricingandcreditrisk;

•equitypricingandportfoliotheory;

•extractinginformationfromthetermstructureofinterestrates;


•introductiontoderivativesandtheirpricing;

•elementsofriskmanagementandmodels;

•financeandbusinesscycles;

•bankingandfinancialcrises;and

•financialsoundnessindicatorsandstresstesting.

Workshops are an integral part of the course and require participants to apply some of the techniques presented in lectures. Participants may also be asked to make short presentations on topics of interest in their countries.


IMF Headquarters (HQ) – Washington, DC 3/19/2012 4/13/2012 English Invitation

Financial Market Analysis (FMA)

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

Qualifications: Participants are expected to have an advanced degree in economics or equivalent experience. No back-ground in finance is assumed, but participants must have some familiarity with basic techniques in statistics and probability. It is essential that participants be able to use Microsoft Excel.

Course Description: This two-week course, presented by the IMF Institute, introduces participants to the fundamentals of fi-nancial analysis that are part of the toolkit of policymakers. These tools are used to study the characteristics of various finan-cial instruments and their pricing, as well as to analyze portfolios of assets and the basics of risk management. Topics include:

•bondpricingandvolatility—durationandconvexity;

•termstructureofinterestrates;

•equitypricing;

•assetallocationanddiversification;and

•valueatrisk.

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

Location† Begin Date End Date Language* Application Deadline


Other Training Venue (OT) in Africa 1/23/2012 2/3/2012 English (French) Invitation

IMF-Singapore Regional Training Institute (STI) – Singapore 4/9/2012 4/20/2012 English 11/11/2011


†For OT courses locations will be posted in the IMF Institute’s website at www.imf.org/institute.*Interpretation is provided in the language in parentheses.



|

Financial Markets and New Financial Instruments (FMN)

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

Qualifications: Participants should be familiar with topics covered in the course on Financial Market Analysis (FMA).

Course 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 cre-ate the appropriate incentives for all participants in the financial system. The course pays particular attention to the emer-gence 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:

•thenatureoffinancialmarketsandinstruments;

•derivativesandtheirpricing(futures,forwards,swaps,options,creditderivatives);

•securitizationandstructuredfinance;

•commercialbankriskmanagement;

•marketandcreditriskmodels;

•regulationofbanks,securitiesmarkets,andderivatives;and

•theoriginandnatureoffinancialcrises.





Financial Programming and Policies (FPP) (Five-week FPP)

Target Audience: Mid- to senior-level officials primarily in ministries such 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: Applicants are expected to have a degree in economics (preferably advanced) or equivalent experience, along with proficiency in the use of spreadsheets.

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

•theprincipalfeaturesofthedifferentaccountsusedinmacroeconomicanalysis(i.e.,thenationalincome,balanceofpayments, fiscal, and monetary accounts) and the interrelations among these accounts, as well as forecasting methods for each sector;


•thediagnosisofmacroeconomicperformanceandanalysisoftheeffectsofmacroeconomicandstructuralpoliciesonthe main variables of interest to policymakers, including output, prices, and the balance of payments; and

•thepreparationofamacroeconomicpolicyprogram.

The course material is presented in a framework that emphasizes the complementarities between macroeconomic stabiliza-tion policies and structural reforms and the importance of policy coordination for sustained growth. Selected macroeconom-ic and structural adjustment programs implemented by member countries are used to illustrate how policies can be adapted to changing economic circumstances.


IMF Headquarters (HQ) – Washington, DC 2/13/2012 3/16/2012 French 9/9/2011



IMF Headquarters (HQ) – Washington, DC 9/10/2012 10/12/2012 Arabic 4/6/2012

Financial Programming and Policies (FPP) (Two-week FPP)

Target Audience: Mid- to senior-level officials primarily in ministries such 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: Applicants are expected to have a degree in economics (preferably advanced) or equivalent experience, along with proficiency in the use of spreadsheets.

Course Description: This two-week course is a condensed version of the five-week FPP course offered at IMF headquarters in Washington D.C. The 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:

•theprincipalfeaturesofthedifferentaccountsusedinmacroeconomicanalysis(i.e.,thenationalincome,balanceofpayments, fiscal, and monetary accounts), the interrelations among these accounts, and forecasting methods for each sector;

•thediagnosisofmacroeconomicperformanceandanalysisoftheeffectsofmacroeconomicandstructuralpoliciesonthe main variables of interest to policymakers, including output, prices, and the balance of payments; and

•thepreparationofamacroeconomicpolicyprogram.

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 struc-tural 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 develop sectoral forecasts and prepare macroeconomic policy programs for a case study country.


|








Other Training Venue (OT) in Middle East 5/5/2012 5/16/2012 English Invitation






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

Target Audience: Senior officials from central banks and ministries of finance and the economy who provide advice on mac-roeconomic and financial policy or who are involved in policy implementation.

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

Course Description: This five-week course, presented by the IMF Institute, uses the main building blocks of a standard FPP course—sector interrelations and adjustment policies—but places significant emphasis on analytical and technical issues related to an Inflation Targeting (IT) monetary framework and the channels of monetary transmission. 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 complementarities and coordination among policies. Case studies are presented on current economic issues and on the experiences of coun-tries that have adopted an IT framework. 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.


IMF Headquarters (HQ) – Washington, DC 10/15/2012 11/16/2012 Spanish 5/11/2012



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

Target Audience: Mid- to senior-level officials primarily in ministries such 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 a degree in economics (preferably advanced) 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-mailaccountandexperienceinelectronicfiletransmissionovertheinternet;

•proficiencyinworkingwithExcelspreadsheets;and

•computerwithaCD-ROMdrive,soundcard,Windows(98ormorerecentedition),Excel,Word,andinternetaccess.

Course 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, partic-ipants interact on a continuing basis with their course counselors, and are also able to interact electronically through a discus-sion forum on the DL website with other participants around the world (whom they 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 five-week FPP, this course focuses more on accounts, analysis, forecasting, and basic financial pro-gramming 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.


Distance Segment 1/9/2012 3/16/2012 English 8/31/2011

Residential Segment – Vienna, Austria 4/23/2012 5/4/2012 English Invitation

Distance Segment 8/13/2012 10/19/2012 English 3/9/2012

Distance Segment 8/20/2012 10/26/2012 French 3/16/2012

Residential Segment – Vienna, Austria 11/26/2012 12/7/2012 English Invitation

Residential Segment – Washington, DC 12/3/2012 12/14/2012 French Invitation

Financial Soundness Indicators (FSI)

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

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


|

Course 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 macro-prudential analysis. It covers the fundamental aspects of the methodology for the construction of FSIs (such as coverage, aggregation, consolidation, valuation) as contained in the Financial Soundness Indicators Compilation Guide, including its 2007 amendments.

The course introduces the new FSI Template for use in the regular reporting of FSI data and metadata to the IMF and pro-vides guidance in accessing and using the IMF’s database for FSI data and metadata. It also provides information on the use of FSIs in financial sector surveillance. The topics are covered through lectures and workshops (hands-on exercises on the compilation of FSIs).




Joint China-IMF Training Program (CTP) – Dalian, China 9/10/2012 9/21/2012 English (Chinese) Invitation


Financial Stability, Systemic Risk, and Macro-Prudential Policy (FSMP)

Target Audience: Officials involved in financial regulation or financial stability analysis from central banks or ministries of finance.

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

Course Description: This one-and-a-half-week course, presented by the IMF’s Monetary and Capital Markets Department, is designed for central bankers and financial regulators to provide up-to-date information on the identification of risks that can threaten the stability of the financial system, and approaches to mitigating these risks. The course draws on the lessons, and the international policy and regulatory responses to the recent financial crisis.

The topics covered include:

•role,objectivesandlessonsforthedesignoffinancialstabilityanalysisandmacro-prudentialpolicyinlightoftherecent financial crisis;

•quantitativetechniquesfortheidentificationandassessmentofmacro-financialandsystemicrisks:modelingsystemicdefault and liquidity risk, contingent claims analysis (CCA) and systemic CCA with applications, comparison of systemic risk modeling and how the models are related to each other, and interaction of financial sector and sovereign risk;

•designingfinancialstabilityreportsandcommunicationstrategies;

•approachestomitigatingsystemicrisks,includinginternationalregulatoryinitiativesonsystemicriskcharges,extending the perimeter of regulation, and the design of crisis management arrangements; and

•institutionalarrangements,includingtheroleofsystemicriskregulators,andcross-borderandinternationalcollaboration.

In addition to a series of lectures, participants of the course will be invited to share relevant national experiences in ad-dressing the above topics.





Framework for Monetary Operations (FMO)

Target Audience: Officials from central banks.

Qualifications: Participants should have a degree in economics.

Course Description: This one-week course, presented by the IMF’s Monetary and Capital Markets Department, focuses on the framework for monetary operations while also covering liquidity management and market development.




Government Finance Statistics (GFS)

Target Audience: Officials whose main responsibility is compiling public finance statistics.


Course Description: This three-week course, presented by the IMF’s Statistics Department, focuses on the conceptual frame-work of government finance statistics (GFS) as presented in the IMF’s 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 the new methodology that is harmonized with the system of national accounts. The course examines the coverage and accounting rules of the GFS framework (including accrual accounting), valuation, classification, debt, bal-ance sheets, and the sources and methods used for compiling the statistics. It also deals with data reporting to the IMF. The course is organized around a series of case studies.


Joint Regional Training Center for Latin America (BTC) – Brasilia, Brasil 3/5/2012 3/23/2012 English (Spanish) Invitation


Joint Partnership for Africa (JPA) – Tunis, Tunisia 10/8/2012 10/26/2012 French (English) Invitation


Government Finance Statistics for Managers (GFS)

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


|

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

Course Description: This one-week course, presented by the IMF’s Statistics Department, focuses on various aspects of preparing and disseminating government finance statistics (GFS). It assists senior officials from the central, state, and local finance ministries, public accounting offices, statistics offices, and central banks, in understanding how existing fiscal source data can be utilized effectively. It provides guidance on improving source data so as to optimize the use of these data in fiscal analysis. The course also covers data on debt and balance sheets. It discusses the linkages of the GFS with the budget process, chart of accounts, financial statements, and various other data sets, such as the monetary and financial statistics, national accounts, and the balance of payments statistics. Issues related to data reporting to the IMF are also covered. Par-ticipants explore the collaboration among national data compilers, and the presenters explain good practices with regard to GFS dissemination, including the IMF’s special data dissemination standard.


IMF-Middle East Center for Economics and Finance (CEF) – Kuwait 12/2/2012 12/6/2012 Arabic (English) Invitation


Government Finance Statistics Manual Update (GFS-M)

Target Audience: Officials who are compiling fiscal data according to GFSM 2001.

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

Course Description: This one-week course, presented by the IMF’s Statistics Department, focuses on the Update of the Gov-ernment Finance Statistics Manual (GFSM) that started in 2011. This update is needed to bring GFS methodology in line with the System of National Accounts 2008, and to address other issues that arose since the publication of the GFSM 2001, such as omissions, clarifications, and presentational issues. This course explains to participants the nature of, and reasons for, the updates. The course also discusses the effects of the changes, as well as how these changes may be accommodated, on countries that have already implemented aspects of GFSM.



Joint Regional Center for Latin America (BTC) – Brasilia, Brasil 9/24/2012 9/28/2012 English (Spanish) Invitation


Legal Aspects of International Financial Institutions (LAIF)

Target Audience: Senior lawyers from countries with emerging market economies who are responsible for legal aspects of their countries’ current or prospective membership in international financial institutions.

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

Course Description: This one-week course, presented by the IMF’s Legal Department, covers legal, institutional and op-erational aspects of international financial institutions (including the IMF, the Bank of International Settlements, and the


World Bank), and explores the linkages and relationships between these institutions. Institutions to be covered each year may vary.




Macroeconomic Diagnostics (MDS) (Four-week 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: Applicants should have an advanced degree in economics or equivalent experience, good quantitative skills, and proficiency in the use of computers to analyze data.

Course Description: This four-week 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:

•understandingthecurrentstateofthemacroeconomy.Thismoduleconsiderstoolsthatcanbeusedforanalyzingcurrent developments in aggregate demand and supply, inflation, the labor market, and the external sector.

•assessingmedium-termflows,balance-sheeteffects,andsustainability.Thismoduleexaminestoolsforanalyzingthemacroeconomy 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.

•measuringthemacroeconomiceffectsofpolicy.Thefocusinthismoduleisonhowtogaugetheimpactoffiscalandmonetary 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 presented in the lectures.




Macroeconomic Diagnostics (MDS) (Two-week 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 quantita-tive skills, and proficiency in the use of computers to analyze data.

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

This two-week course, presented by the IMF Institute, aims at strengthening the ability of participants to assess a coun-try’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:

•understandingthecurrentstateofthemacroeconomy.Thismoduleconsiderstoolsthatcanbeusedforanalyzingcurrent developments in aggregate demand and supply, inflation, the labor market, and the external sector.

•assessingmedium-termflows,balance-sheeteffects,andsustainability.Thismoduleexaminestoolsforanalyzingthemacroeconomy 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.

•measuringthemacroeconomiceffectsofpolicy.Thefocusinthismoduleisonhowtogaugetheimpactoffiscaland monetary policies on the economy, rather than on what policies should be followed. Participants are expected to engage in discussions throughout the course.





IMF-Singapore Regional Institute (STI) – Singapore 6/25/2012 7/6/2012 English 1/27/2012

Joint Partnership for Africa (JPA) – Tunis, Tunisia 10/1/2012 10/12/2012 English Invitation




†For OT courses locations will be posted in the IMF Institute’s website at www.imf.org/institute. *Interpretation is provided in the language in parentheses.

Macroeconomic Forecasting (MF)

Target Audience: Mid- to senior-level officials involved in developing forecasts that are used in the design and implementa-tion 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.

Course 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:



•dataandmodelproperties,includingstationarity,non-stationarityandco-integration;

•dynamicspecification,includingtheuseoferrorcorrectionmodels;

•modelevaluationandmodeldesign;

•forecastuncertainty,forecastingforpolicy,andpolicyanalysis;and

•combinationforecasts.

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









Macroeconomic Implications of Fiscal Issues (MIF)

Target Audience: Junior officials from both ministries of finance and central banks who would benefit from a broader under-standing 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.

Course Description: This two-week course, presented by the IMF-Singapore Regional Training Institute, aims to give partici-pants a more extensive exposure to fiscal issues and the macroeconomic effects of fiscal policy than is possible in a nor-mal, 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.


Other Training Venue (OT) in Central Asia 9/3/2012 9/14/2012 English (Russian) Invitation






|

Macroeconomic Management and Debt Issues (MDI)

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.

Qualifications: Participants should have an advanced degree in economics or equivalent experience and be proficient in the use of spreadsheets.

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

•sessionsonpolicyissues.Thismodulemainlyaddressesdebtmanagementpolicyfrombothmacroeconomicandmicroeconomic perspectives, debt restructuring, the coordination of debt management policy with other policies, financial and debt crises, and financial market development.

•sessionsonconceptsandtechniques.Thismodulecoversdifferentconceptsofdebt,aframeworkfordebtsustainability analysis, debt restructuring mechanisms, and the HIPC and MDRI Initiatives.

•casestudiesandworkshopsthatillustratetheapplicationofdebtconcepts,restructuringmechanisms,anddebtsustainability analysis.

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




Macroeconomic Management and Financial Sector Issues (MMF)

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.

Course Description: This two-week course, presented by the IMF Institute, examines the policy dilemmas confronting au-thorities 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, frameworks for monetary policy, choice of the exchange rate regime, and international capital flows. It also addresses financial sector topics, such as the role of the financial sector in the economy, the relationship between financial fragility and macroeconomic stability, financial sector policies, and policies to address financial crises. The course content is differentiated to better address issues relevant to different regions. Participants are expected to engage in discussions throughout the course and are divided into small groups, under the direc-tion of counselors, to conduct workshop exercises aimed at solidifying their understanding of the lecture materials.

Participants may also be asked to make presentations on key policy issues of interest in their countries.










Other Training Venue (OT) in Europe 6/4/2012 6/15/2012 English Invitation








Macroeconomic Management and Fiscal Policy (MFP) (Five-week MFP)

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

Qualifications: Applicants should have an advanced degree in economics or equivalent experience and the ability to use spreadsheets.

Course Description: This five-week 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 vari-ables and macroeconomic aggregates, and the main aspects of the design and implementation of fiscal policy as an instru-ment to achieve macroeconomic adjustment, growth, and poverty reduction. The course draws on the Fund’s experience in providing fiscal policy advice, on studies undertaken by Fund 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:

•sessionsontheaccounting,analysis,andforecastingofgovernmentoperations.Thismodulepresentsthenewfiscalframework (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.

•sessionsonpolicyissues.Thismodulecoversmacroeconomicaspectsoffiscalpolicy,includingissuesrelatedtostabilization 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.

•casestudiesandworkshops.Thismoduleincludespresentationsofcountrycasestudiesrelatedtoparticularaspectsoffiscal 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.


IMF Headquarters (HQ) – Washington, DC 10/15/2012 11/16/2012 French 5/11/2012

Macroeconomic Management and Fiscal Policy (MFP) (Two-week MFP)

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

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

Course Description: This two-week 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 vari-ables and macroeconomic aggregates, and the main aspects of the design and implementation of fiscal policy as an instru-ment to achieve macroeconomic stability and growth. The course draws on the Fund’s experience in providing fiscal policy advice, on studies undertaken by Fund staff, and on selected research by outside scholars. Topics include: macroeconomic aspects of fiscal policy, such as estimating cyclically-adjusted fiscal balances and the role of automatic stabilizers and discre-tionary fiscal policy; fiscal sustainability; and structural and institutional fiscal issues such as tax reform and administration, expenditure policy and management, and fiscal rules. Participants are expected to make presentations on key policy issues of interest in their countries.





Other Training Venue (OT) in Central Asia 3/19/2012 3/30/2012 English (Russian) Invitation


Other Training Venue (OT) in Europe 5/7/2012 5/18/2012 Portuguese Invitation







Macroeconomic Management and Natural Resource Management (MMNR)

Target Audience: Mid to senior-level officials from central banks, ministry of finance and other relevant government agencies.

Qualifications: Participants should be involved in the design and execution of policies in resource-rich countries and have a good understanding of macroeconomic, fiscal, and financial issues.

Course Description: This two-week course, presented by the IMF Institute, aims at broadening participants’ understanding of the challenges faced by resource-rich countries. Drawing upon the Fund experience as well as academic contribution to the policy debate, the course aims to provide participants with analytical skills to study the challenges faced by resource rich countries and the policy responses. The skills developed during the course would allow participants to inform a wide range of policies, including the fiscal implications of alternative strategies for natural resource exploitation, monetary and exchange rate policies, financial sector issues, and structural reforms in resource-rich countries. The course also provides the opportunity to discuss in depth a number of case studies of natural resource-rich countries.







Macroeconomic Management for Senior Officials (MMSO)

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.

Course Description: This one-week course, 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 cover 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.





|

Macro-Fiscal Modeling and Analysis (MFMA)

Target Audience: (i) Mid- to senior-level officials involved in fiscal policy decisions who have already attended the Macroeco-nomic Management and Fiscal Policy (MFP) course and/or have a strong analytical background in fiscal policy; (ii) Junior staff involved in preparation of analytical documents on fiscal policy issues.

Qualifications: Participants should have an advanced degree in economics or equivalent experience and be comfortable with quantitative techniques. Familiarity with EViews and MATLAB is welcome, but not required. It is recommended to take the Macroeconomic Management and Fiscal Policy (MFP) course prior to the MFMA.

Course Description: The two-week course, presented by the IMF Institute, aims at deepening participants’ understanding of fiscal policy issues using advanced tools of macro-fiscal modeling and analysis. It draws on the Fund’s experience in provid-ing fiscal policy advice, on studies undertaken by Fund staff, and on selected research by outside scholars. The following fiscal issues are covered: alternative measurements of the fiscal stance; the quantitative implications of fiscal rules; debt sustainability analysis in a stochastic environment; aging, health, and pension reform issues using a calibrated overlapping generations (OLG) model; fiscal cost of financial crises; and analysis of monetary-fiscal interactions and fiscal adjustment scenarios using a dy-namic general equilibrium (DGE) model. The course lecture material is practiced in several workshops and case studies. Dur-ing the course, participants are expected to work in small groups, either independently or under the guidance of the course counselors, and make plenary presentations.



Macro-Prudential Policies (MPP)

Target Audience: Central bank economists and regulators with macroeconomic and supervisory responsibilities.

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

Course Description: This one-week course, presented by the IMF Institute, starts with a motivation for the need of macro-pru-dential policies, and defines their objectives and instruments. After a brief review of macro-financial linkages in theory and some country experiences, the course focuses on the two main dimensions of macro-prudential policies: the time dimension (pro-cycli-cality of financial systems) and the cross section dimension (systemic risk). Two workshops offer hands-on exercises on measures of systemic risk using the network approach and Co-VaR. The course concludes with a discussion of issues related to the architec-ture of macro-prudential policies (the roles of central banks and regulatory agencies, rules-versus-discretion, and others).




Macro Stress Testing (MST)

Target Group: Mid- to senior-level officials working in the banking supervision or financial stability departments/units of central banks or banking supervisory authorities.



Qualification: Participants should have experience in the area of stress testing, Basel II, and financial stability analysis.

Course Description: This one-week course, presented by the Monetary and Capital Markets Department, aims at discussing the recent developments in the area of stress testing for banks, and giving participants the opportunity to learn and apply new tools developed or used by MCM for stress testing purposes. Some of the tools form an integral part of the Financial Sector Assessment Program (FSAP) and Technical Assistance missions to various parts of the world including the MENA region. Moreover, the course provides an occasion for participants to share experiences in this important area.

The course provides an overview of the objectives of stress testing and of the different methodologies and techniques cur-rently used for that purpose; it also advises on some best practices to follow in applying these techniques. Furthermore, a large portion of the course incorporates several hands-on training modules based on case studies where participants work in groups using real bank data; as such, groups are exposed to the entire cycle of the stress testing process, including:

•enteringdata,

•estimatingeconometricmodelstocreatemacro-financiallinks,

•designingassumptions,

•runningtests,and

•summarizingandpresentingtheresults.

Throughout, the focus is on the solvency and liquidity elements of the stress testing exercise. The course concludes with a roundtable discussion where participants share country experiences and exchange knowledge in this area.



Monetary and Exchange Rate Policy (MERP)

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.

Course 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 relevant for the choices and the consequences of these choices. Other topics covered include: determinants and diagnosis of inflation, the foreign exchange market, financial globalization and capital flows, assessment of the equilibrium real exchange rates, and the pros and cons of capital controls. The course also covers the monetary policy transmission mechanism and forward-looking strategies for setting policy interest rates, includ-ing inflation-targeting strategies. Considerable attention is paid to the implementation of monetary policy, including the use of forecasting models and the design of a structured system for monetary policy analysis.

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)

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


Course 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 Monetary and Financial Statistics Manual and the Monetary and Financial Statistics: Compilation Guide, which expand on the definitions, classifications, and valuation principles for monetary and financial macroeconomic analysis within the frame-work of the System of National Accounts.

The course discusses the principles of economic sectorization, the characteristics and classification of financial instruments, valuation, and other accounting issues that are relevant to the compilation of analytical accounts for the entire financial sec-tor, comprising the central bank, other depository corporations, and other financial corporations. The course consists of lectures, workshops, and case studies that familiarize participants with practical aspects of monetary statistics compilation; in particular the recently introduced standardized report forms (SRFs). It also focuses on financial statistics, which comprise the financial flows and stocks of all sectors of the domestic economy and their interactions with the rest of the world, and the balance sheet approach for vulnerability analysis. Lectures address the interrelationships between monetary, balance of payments, government finance, and national accounts statistics. Participants are expected to make a short presentation on monetary statistics compilation issues in their countries.









Monetary Policy Analysis (MPA)

Target Audience: Mid- to senior-level officials involved in monetary policy decision making that relies on partly/predomi-nantly on model-based frameworks; and staff involved in operating macroeconomic models.

Qualifications: Participants should have an advanced degree in economics or equivalent experience. They should also be comfortable using software such as MATLAB or EViews. It is recommended to take the Monetary and Exchange Rate Policy (MERP) course prior to the MPA.

Course Description: This two-week course, presented by the IMF Institute, addresses demand for training in the area of for-ward-looking, model-based monetary policy analysis and is centered on a reduced-form, New Keynesian model. Participants are exposed to the theoretical foundations of New Keynesian macroeconomics and reflection thereof in a model that is akin to those used in central banks in both advanced and emerging market countries. The model is then re-calibrated and taken to the selected-country data for policy analysis and forecast. Attention is paid to filtering of data in a multivariate framework (Kalman filtration) and near-term forecasts. Participants are divided daily into small groups, under the direction of counsel-ors, to conduct workshop exercises aimed at practicing the techniques presented in lectures. The approach followed in the course does not favor any particular monetary regime. Rather, it presents modeling alternatives to be used in the case of a floating exchange rate and a pegged exchange rate, as well as in the case of incomplete control of the money market.



Mortgage Markets, Securitization, and Structured Finance (MSF)

Target Audience: Senior officials from central banks, regulatory agencies, and ministries who deal with capital market devel-opment, financial regulation and supervision, and financial market surveillance.

Qualifications: Participants should have sufficient background in financial economics and the relevant experience to discuss policy and technical issues related to the topic of the course.

Course Description: This one-week course, presented by the IMF Institute, focuses on the development of mortgage mar-kets, including the role played by securitization and structured products. It examines the securitization process and the creation of structured products, the market infrastructure needed to carry out these operations, and how and why financial institutions, institutional investors, corporations, and governments engage in these markets. It discusses the benefits and pit-falls, explores the main supervisory and regulatory challenges posed by market development, and assesses the implications for financial stability. Case studies of mortgage markets and related institutions are used to illustrate the issues.





|

National Accounts Statistics (NAS)

Target Audience: The NAS course is primarily designed for compilers of national accounts statistics employed by agencies responsible for official national accounts data.

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

Course Description: This two-week course, presented by the IMF’s Statistics Department, covers theoretical and practical aspects in the compilation of national accounts statistics based on the conceptual framework of the System of National Ac-counts 2008 (2008 SNA). The course consists of lectures covering methodological and compilation issues of the 2008 SNA and workshops consisting of practical exercises in compiling the accounts. The main aim of the course is to train partici-pants in the compilation of annual gross domestic product both at current prices and in volume terms using the production and expenditure approaches.

The course starts with an overview of the system of national accounts presenting the sequence of accounts for transactions and other flows as well as balance sheets with a focus on the framework of the 2008 SNA. It covers the main concepts involving transactions, other economic flows, stocks, institutional units, classifications, and main macroeconomic aggregates measured by the system. The main lectures and workshops include:

•sessionsontheproductionaccountcoveringthedefinitionandmeasurementofoutput,intermediateconsumption,andvalue added; valuation issues; and the treatment of particular industries;

•sourcedataandissuesinthecompilationofGDPbyproductionandexpenditureapproaches;

•deflatorsandderivationofvolumemeasuresofGDP;and

•specificissuesrelatedtogoodsandservicestransactions,includingsupplyanduseframework,inventoryvaluationadjustment, consumption of fixed capital, non-observed and informal economy. Emphasis is also placed on sharing country experiences among the participants.





Price Statistics (PRS)

Target Audience: Senior and mid-level officials who have responsibility for, and direct experience of, compiling at least one of the following price indices: the CPI, PPI, or export and import price indices XMPIs.

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

Course Description: This two-week course, presented by the IMF’s Statistics Department, is intended to broaden participants’ understanding of the theory and practice of compiling consumer price indices (CPIs), producer price indices (PPIs), and ex-port and import price indices (XMPIs). It covers index number theory and its practical implications relating to the choice of index number formula at lower and higher levels of aggregation. The course also covers methods for sampling and collect-ing data from retail outlets and enterprises. The role of price indices as deflators in the 2008 System of National Accounts (2008 SNA) is outlined, as are related issues of scope, coverage, and valuation principles. There are sessions on methods for handling temporarily and permanently unavailable items; undertaking adjustments to prices for quality changes; including


new products, establishments and outlets; and chaining and linking indices with updated weighting structures. The course follows the principles and recommended practice given in the CPI (2004), PPI (2004), and XMPI (2009) manuals.




Public Sector Debt Statistics Workshop (PDS)

Target Audience: Officials whose main responsibility is compiling public sector debt statistics.


Course Description: This two-week workshop, conducted by the IMF’s Statistics Department, focuses on the conceptual frame-work of public sector debt statistics as presented in the Public Sector Debt Statistics Guide, as well as on the practical aspects of public sector debt data compilation. Basic concepts, accounting principles, and detailed classifications are dealt with in the con-text of the methodology that is harmonized with the government finance statistics and system of national accounts. The work-shop examines a coverage and accounting rules of the public sector debt statistics framework, valuation, classification, selected methodological issues, and the sources and methods used for compiling the statistics. It also deals with debt data reporting to the IMF and the World Bank. The workshop is organized around a series of case studies.




Quarterly National Accounts (QNA)

Target Audience: National accounts compilers.


Course Description: This two-week course, presented by the IMF’s Statistics Department, aims to provide a thorough under-standing of concepts, sources of data, and compilation techniques for producing quarterly national accounts statistics. The course is based on the IMF’s Quarterly National Accounts Manual and is oriented toward national accounts compilers from countries that are developing or planning to develop quarterly national accounts (QNA). The course covers both theoretical and practical issues in the compilation of QNA. It covers the following main topics:

•scopeandroleofQNA;

•datasourcesforcompilingquarterlyGDPestimates(mainlyfromproductionandexpenditureapproaches);

•benchmarkingtechniquesforcombiningquarterlyindicatorswiththeannualestimates;

•seasonaladjustment;

•priceandvolumemeasures;


|

•chain-linkingtechniquesforcompilingQNAtimeseries;

•otherspecificQNAissues;and

•revisionpolicyanddisseminationpractices.

The course is delivered through lectures, workshops, and small group discussions.



Remittance Statistics (RS)

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


Course Description: This one-week course, presented by the IMF’s Statistics Department, is designed to familiarize partici-pants with concepts and compilation practices relating to the compilation of balance of payments data on remittances. This course has two objectives: to promote new standards in remittances statistics set out in the International Transactions in Remittances: Guide for Compilers and Users and to provide practical compilation guidance for compilers on obtaining and processing remittances data.

This course consists of lectures, discussions, and case studies. It covers:

•recentdevelopmentsinconceptsanddefinitionsofremittancesandexistingframeworksforcompilingremittancesdata,

•remittancechannels,and

•possibledatasourcesforremittancesstatistics.

It also 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.



Reserve Statistics (RSS)



Course Description: This one-week course, presented by the IMF’s Statistics Department, is designed for officials from central banks and ministries responsible for compiling data on international reserves and other external positions of the


monetary authorities. Participants should have experience and/or responsibilities in the area of international reserves. The course explains the international statistical standards for compiling data on international reserves, as set forth in the up-dated Data Template on International Reserves and Foreign Currency Liquidity: Guidelines for a Data Template (Guidelines) and the sixth edition of the IMF’s Balance of Payments Manual (BPM6). The Guidelines are currently being updated to ensure consistency with the Data Template itself, which was modified in December 2008, as well as with the text of BPM6, which was adopted in 2009. The course provides an overview of the Data Template, outlines its structure and key features, clarifies concepts, definitions and classifications, and examines ways to disclose the information, including in country notes. The course discusses recent statistical issues related to the new modalities of lending to the IMF, foreign exchange swap agreements between central banks, and pooled assets, among other topics related to international reserves. The course includes sessions during which analytical and practical aspects of the Data Template are presented and discussed with the participants in order to share countries’ experiences and possible concerns.



Risk-Based Banking Supervision (BSO)

Target Audience: Mid-level bank supervisors.

Qualifications: Participants should have experience with banking supervision—either on-site or off-site banking supervi-sion—and be comfortable with fundamental analytical techniques.

Course Description: In the aftermath of the global financial crisis, risk-based supervision (RBS), as well as Basel II, have come under some sharp criticism. This one-week course, presented by the IMF’s Monetary and Capital Markets Department, focuses on the fundamentals and goals of RBS while discussing and addressing some of its shortcomings. The course combines both lectures and practical applications and seeks to balance the discussion of technical, financial modeling techniques with that of less analytical bank supervision techniques. The first day of the course covers the different concepts of RBS and discusses the different approaches taken under its guise. The three middle days address FX, interest rate, and operational risk assessment and stress testing techniques, respectively. The final day, as well as some short sessions inserted in previous days, discusses combining information for constructing supervisory scores and resource allocation for supervisory monitoring.



Safeguards Assessments of Central Banks (SAC)

Target Audience: Senior central bank staff responsible for accounting, financial reporting, auditing, risk management, inter-nal 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: Participants 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).


|

Course Description: This one-week course, presented by the IMF’s Finance Department, is designed to provide central bank officials with an interactive exposure to the IMF’s safeguards assessment methodology. In particular, the course highlights the importance of central bank governance, transparency, and accountability in improving financial safeguards. This course also provides a forum for central bank staff to exchange views on their experiences in strengthening safeguards frame-works, including emerging challenges and issues. The design of the course combines interactive lectures and discussions, workshops, and case studies addressing key assessment areas, including the external and internal audit mechanisms, finan-cial reporting framework, system of internal controls, management of international reserves, and reporting of monetary data to the Fund.

The objective is to provide participants with the knowledge and skills required to assess the strengths and vulnerabilities of the financial safeguards in their central banks and to identify specific steps that can be taken to strengthen these safe-guards. It also covers the methodology and procedures used to monitor the safeguards framework at central banks.


Joint Partnership for Africa (JPA) – Tunis, Tunisia 4/16/2012 4/20/2012 English (French) Invitation



Sovereign Asset and Reserve Management – a Framework for Strategic Asset Allocation (SARM)

Target Audience: Mid- and senior-level officials working in reserve and risk management functions at central banks and/or similar institutions entrusted with the management of sovereign wealth funds.

Qualifications: Experienced practitioners from monetary authorities with relevant background in designing and implement-ing policies for the management of foreign exchange reserves and/or other sovereign assets.

Course Description: This one-week course, presented by the IMF’s Monetary and Capital Markets Department, addresses issues pertaining to how countries link policy objectives, and macroeconomic and institutional constraints in the management of for-eign exchange reserves and other sovereign assets. The emphasis is placed on the determination of a framework for sovereign strategic asset allocation and investment policies, and on identifying and managing the associated risks. The course specifically focuses on the lessons from the current global financial and economic crisis for managing sovereign assets and reserves, and on how best to formulate reserve management objectives in the context of changing economic circumstances, and the needed coordination with financial stability and debt management policies. The course considers, inter-alia, the following:

•macroeconomicconsiderationsandcurrencycomposition

•asset-liabilitymanagement(ALM)considerations

•determiningtheinvestmentriskprofile

•fundamentalsoffixedincomeportfoliomanagement

•methodologiesandtoolkitsfordeterminingthestrategicinvestmentriskprofile

•riskmanagementframework

•institutionalconstraintsandorganizationalissues

•institutionalobjectivesandconstraintsonstrategicassetallocation


•decision-makingframework,transparency,andaccountability

•roleanduseofcapitalmarketsandengagingexternalassetmanagers

•currentdevelopmentsinreserves-relatedissues:reservemanagementanduseofemergingmarketcurrencies,reserveadequacy framework, capital flows and their impact on reserve management goals, and reserves and the contours of the International Monetary System

In addition, the course uses simulation-based tools and country case studies to illustrate the practical application of strategic asset allocation. Participants are asked to respond to a questionnaire surveying existing country practice, which is summa-rized and discussed at the course.



Sovereign Liability and Risk Management – Principles and Practices (SLRM)

Target Audience: Mid- to senior-level debt managers, central bankers, and related officials. This includes officials with policy and operational responsibilities relating to monitoring and managing sovereign liabilities, debt, and the development and functioning of domestic debt markets.

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

Course Description: This 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 sovereign risk management, techniques used for active debt operations and debt market development, and sustained capital market access. Emphasis is given to the risk measurement of a bonded debt portfolio in the context of a sovereign’s overall balance sheet (assets and liabilities). The course specifically focuses on the lessons from the current global financial and economic crisis for managing sovereign risk, public debt, and the interface with capital markets and financial stability. The course considers, inter-alia, the following:

•effectiveorganizationalarrangements;

•coordinationwithkeypolicyareas,includingmonetaryandfiscalpolicy;

•buildingblocksforaframeworkforsovereignliabilitymanagement,includingobjectivesandidentificationofrisks,and accountability;

•technicalandoperationalaspectsofriskmanagement;

•identifyingandmonitoringsovereignrisk,andgoodprinciplesforstresstestingasovereigndebtportfolio;

•measuringkeyportfoliorisks,includingcurrency,interestrateandrefinancingexposures;

•technicalandimplementationaspectsofdevelopingamedium-termdebtmanagementstrategy;and,

•formulatingdebtissuancestrategiestakingaccountofthelinkbetweendebtmanagementanddebtsustainabilityanalysis.




|

Stress Testing Banks (STB)

Target Audience: Experienced practitioners from central banks and regulatory agencies, in particular those in supervisory and financial stability areas, including teams in charge of financial stability reports.

Qualifications: Participants should be familiar with basic statistical concepts, econometric analysis, and distribution theory.

Course Description: This one-week course, presented by the IMF’s Monetary and Capital Markets Department, covers the principles of stress testing, including scenario selection, and the main methodological approaches. It focuses on systemic risk covering mainly credit, market, and liquidity risks.



The Global Integrated Monetary and Fiscal Model for Policy Risk and Spillover Analysis (GIMF)

Target Audience: Mid- to senior-level officials at central banks.

Qualifications: Participants should be involved in the implementation of monetary policy and in the design of a model-based system for policy analysis and projections.

Course Description: This one-week course, presented by the IMF’s Research Department, examines a simplified version of the IMF’s Global Integrated Monetary and Fiscal (GIMF model). The GIMF model is a tool that is used to explore both monetary and fiscal policy issues in a multi-country setting, using the latest theory and techniques in Dynamic Stochastic General Equilibrium (DSGE) modeling. While not a tool for forecasting, it does allow users to explore the effects of a large variety of fiscal and monetary policies and policy instruments in a national, regional, and global context. Participants will: learn the economic theory underlying the GIMF model; learn the software platform used; work with 2- and 3-region ver-sions of the model, so that they can calibrate it, formulate, and conduct policy experiments; and receive guidance on how to apply the GIMF model to their particular fiscal and monetary policy questions.




The Role of Budget Institutions in Public Financial Management (PFM)

Target Audience: Senior level budget officials.

Qualifications: Participants should have executive oversight for the design and implementation of budget reform strategies in their administrations.


Course Description: This course, presented by the IMF’s Fiscal Affairs Department, gives an overview of the role that budget institutions play in shaping fiscal performance. It covers institutions that contribute to the three key stages of fiscal policy making in a rather comprehensive way: identification of the fiscal challenge; formulation of the fiscal strategy; and imple-mentation of the fiscal strategy through the budget process. Specific case studies from individual countries are presented, as a way of illustrating concepts and providing practical real-country experience. The course will be highly interactive based in the most part on workshops during which participants discuss their own country experiences with regards to budget institutions and exchange knowledge in a peer-to-peer learning setting.




The Use of DSGE Models in the Policymaking Process (SEM)

Target Audience: Mid- to senior-level officials involved in the macroeconomic analysis of monetary and fiscal policy issues with dynamic stochastic general equilibrium (DSGE) models.

Qualifications: Participants should have an advanced degree in economics or equivalent experience, good quantitative skills, and a basic knowledge of MatLab or equivalent software.

Course Description: This one-week course, presented by the IMF Institute, focuses on the use and interpretation of dynamic stochastic general equilibrium (DSGE) models. The emphasis is on applications of fiscal and monetary policies using models with nominal and real rigidities that are commonly used in central banks and ministries of finance. The course relies on case studies relevant for the Western Hemisphere region to illustrate the application of these models, and to show how they can be used as an input in the policymaking process.






|

Deadlines for Courses by Application

Application Deadline Number Title Begin date End date Language*

IMF Headquarters (HQ)

9/9/2011 HQ 12.01 Financial Programming and Policies 2/13/2012 3/16/2012 French

9/16/2011 HQ 12.02 Financial Programming and Policies 2/21/2012 3/23/2012 English

11/25/2011 HQ 12.03 Macroeconomic Diagnostics 4/30/2012 5/25/2012 English

12/2/2011 HQ 12.05 Balance of Payments Statistics 5/7/2012 6/15/2012 English

1/13/2012 HQ 12.06 Financial Programming and Policies 6/18/2012 7/20/2012 English

3/23/2012 HQ 12.07 Macroeconomic Diagnostics 8/27/2012 9/21/2012 English

4/6/2012 HQ 12.08 Financial Programming and Policies 9/10/2012 10/12/2012 Arabic

5/11/2012 HQ 12.09 Financial Programming and Policies-Inflation Targeting 10/15/2012 11/16/2012 Spanish

5/11/2012 HQ 12.10 Macroeconomic Management and Fiscal Policy 10/15/2012 11/16/2012 French


8/31/2011 DL 12.31 Financial Programming and Policies – Distance Segment 1/9/2012 3/16/2012 English

3/9/2012 DL 12.33 Financial Programming and Policies – Distance Segment 8/13/2012 10/19/2012 English

3/16/2012 DL 12.35 Financial Programming and Policies – Distance Segment 8/20/2012 10/26/2012 French

Joint Vienna Institute (JVI)

9/2/2011 JV 12.01 Macroeconomic Management and Fiscal Policy 1/16/2012 1/27/2012 English (Russian)

9/2/2011 JV 12.02 Financial Programming and Policies 1/30/2012 2/10/2012 English (Russian)

9/16/2011 JV 12.03 Macroeconomic Management and Financial Sector Issues 2/13/2012 2/24/2012 English (Russian)

10/7/2011 JV 12.04 Macro-Fiscal Modeling and Analysis 3/5/2012 3/16/2012 English

11/4/2011 JV 12.07 Macroeconomic Management and Natural Resource Management 4/2/2012 4/13/2012 English (Russian)

11/25/2011 JV 12.09 Macroeconomic Diagnostics 4/23/2012 5/4/2012 English

12/9/2011 JV 12.10 Macroeconomic Forecasting 5/7/2012 5/18/2012 English

12/30/2011 JV 12.13 Monetary and Exchange Rate Policy 5/28/2012 6/8/2012 English (Russian)

1/27/2012 JV 12.15 Mortgage Markets, Securitization, and Structured Finance 6/25/2012 6/29/2012 English

2/17/2012 JV 12.17 Government Finance Statistics 7/16/2012 8/3/2012 English (Russian)

3/2/2012 JV 12.18 Macroeconomic Management and Financial Sector Issues 7/30/2012 8/10/2012 English (Russian)

3/9/2012 JV 12.19 Monetary and Financial Statistics 8/6/2012 8/24/2012 English (Russian)

3/30/2012 JV 12.21 Monetary Policy Analysis 8/27/2012 9/7/2012 English

4/20/2012 JV 12.23 Financial Programming and Policies 9/17/2012 9/28/2012 English (Russian)

5/4/2012 JV 12.24 Financial Market Analysis 10/1/2012 10/12/2012 English

5/11/2012 JV 12.25 Monetary and Exchange Rate Policy 10/8/2012 10/19/2012 English (Russian)

5/18/2012 JV 12.26 External Vulnerabilities – Early Warning Exercise 10/15/2012 10/26/2012 English

6/8/2012 JV 12.28 Macroeconomic Diagnostics 11/5/2012 11/16/2012 English

6/29/2012 JV 12.29 Macroeconomic Forecasting 11/26/2012 12/7/2012 English

7/13/2012 JV 12.30 External Debt Statistics 12/10/2012 12/21/2012 English (Russian)


Application Deadline Number Title Begin date End date Language*

IMF - Singapore Regional Training Center

8/30/2011 ST 12.51 Financial Programming and Policies 1/9/2012 1/20/2012 English

9/9/2011 ST 12.02 Macroeconomic Management and Fiscal Policy 2/6/2012 2/17/2012 English

10/21/2011 ST 12.05 Macroeconomic Forecasting 3/19/2012 3/30/2012 English

11/11/2011 ST 12.08 Financial Market Analysis 4/9/2012 4/20/2012 English

11/25/2011 ST 12.09 Public Sector Debt Statistics Workshop 4/23/2012 5/4/2012 English

12/9/2011 ST 12.11 Financial Programming and Policies 5/7/2012 5/18/2012 English

12/9/2011 ST 12.10 Sovereign Liability and Risk Management – Principles and Practices 5/7/2012 5/11/2012 English

12/23/2011 ST 12.52 Macroeconomic Management for Senior Officials 5/21/2012 5/25/2012 English

1/13/2012 ST 12.14 Monetary and Exchange Rate Policy 6/11/2012 6/22/2012 English

1/27/2012 ST 12.15 Macroeconomics Diagnostics 6/25/2012 7/6/2012 English

2/24/2012 ST 12.17 Macroeconomic Management and Financial Sector Issues 7/23/2012 8/3/2012 English

3/30/2012 ST 12.18 Government Finance Statistics Manual Update 8/27/2012 8/31/2012 English

5/25/2012 ST 12.21 Sovereign Asset and Reserve Management – a Framework for Strategic Asset Allocation

10/22/2012 10/26/2012 English

6/1/2012 ST 12.22 Monetary and Financial Statistics 10/29/2012 11/16/2012 English

6/8/2012 ST 12.53 Macroeconomic Implications of Fiscal Issues 11/5/2012 11/16/2012 English




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 regional

training centers and other venues—(BTC); (CTP); (ITP); (CEF); (JPA); (OT)—

admission is by invitation only. The invitation process may vary from

one center to another, but candidates from targeted countries are

generally nominated by government agencies upon the request of the

IMF department responsible for delivering the course. Candidates who

meet the qualifications for the course and are selected will be contacted by

the IMF 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 as “Invitation.”

http://www.imf.org

|

Application Process (HQ, DL, JVI, and STI)

For courses by application at HQ, DL, JVI, or STI, applicants must use the online application system (OAS) at www.imf.org/insapply to complete and submit their applications. For courses by invitation, nominees should use the online nomination system (ONS). The link to the ONS will be provided in the nomination request letter.

Application Requirements (HQ, DL, 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’s 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 em-ployed 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 job and have:

• accesstoane-mailaccountandexperienceinelectronicfiletransmissionovertheInternet;

• proficiencyinworkingwithExcelspreadsheets;and

• accesstoacomputerwithaCD-ROMdrive,soundcard,Windows(98ormorerecentedition),Excel, Word, and Internet access.

Applicants 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 courses.

Selection Process (HQ, DL, JVI, and STI)

Applications must reach the IMF Institute by the application deadline indicated for each course. Late or incom-plete applications are not processed. For each HQ, DL, or JVI course by application, the Admissions Commit-tee—comprised of staff from the IMF Institute, the responsible IMF training department and the IMF’s area departments—reviews all applications and determines which applicants are most eligible to attend. Applicants are normally informed of the Admissions Committee’s decisions 10 weeks before the start date of the course, and sponsors of accepted and wait-listed applicants are also informed. Notification will be sent only to the official sponsors designated on the application forms.

The selection process for STI courses by application is conducted by IMF staff at the STI in close collaboration with the IMF. Information provided by IMF area departments and resident representatives, the department re-sponsible for training, and IMF Institute staff is considered by STI staff when making a decision regarding which applicants are most eligible to attend. Selected candidates are 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 detailed information on administrative arrangements and course documentation. These secure sites also provide participants with the necessary administrative forms related to their travel from their home countries to their training destinations.

Misc. Living allowance Selection Process Travel

Application Requiremets

Eligibility Criteria Relating to Previous Course Attendance

Health Insurance Accommodations

c o l o r o p t i o n s d e p e n d o n t h e c o l o r p a l e t t e













The selection processes for courses at HQ, JVI, and STI give priority to those applicants whose professional assignments are closely related to the subject matter of the specified courses. For courses on macroeconomic sta-tistics, priority is given to statistical compilers. 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. The IMF Institute cannot consider applications from persons employed in non-governmental institutions or businesses, such as commercial banks, as well as universities or trade unions.

Official sponsors should not present applicants who fail to meet the criteria of academic background and job rel-evance, or who are not fluent in the language of instruction (or interpretation, where provided). Only candidates who will be available to serve their governments for a reasonable time after receiving training should be pro-posed. 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 in-vited 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, DL, 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.

• AttendeesofaFinancialProgrammingandPolicies(FPP)courseatHQoradistancelearningFPPcourse should generally wait two years before applying to attend another course.

• Attendeesofacourseatanyonetrainingcenterarenotgenerallyeligibletoattendthesamecourseatanother training center. Attendees of a two-week FPP course, however, are eligible to apply to take a five-week FPP at HQ or a distance learning FPP.

Travel to Washington and Administrative Arrangements

The IMF Institute will prepay the airline ticket and make travel arrangements for participants through the Fund’s travel agency, Travelocity Business (TBiz). Participants also receive a travel allowance to help cover visa fees and other incidentals en route to Washington.

1 . Travel . Participants in courses at HQ must arrive a day or two before a course begins and remain through its conclusion. In case of a participant’s withdrawal, either before or during the course, ex-penses, 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 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 . Each participant will be provided with free accommodations. Specific details on accommodations will be made available after the selection process.

















|

3 . Living Allowance . Each participant will receive a living allowance. This allowance is intended to cover the cost of meals and some of the participant’s incidental expenses. However, the allowance does not cover all additional expenses; therefore, participants should be prepared to supplement the allowance with their own funds.

4 . Health 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. If a participant misses a substantial amount of the course due to illness, they may not receive a certificate of completion. The IMF Institute should be informed prior to participant’s arrival of any medical issues which may affect full participation 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 men-tal condition or disability that could impair their full participation in the course; and (ii) that the spon-soring 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.

5 . Miscellaneous . 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 the IMF’s training facilities and accommodations.

Travel to Vienna and Administrative Arrangements

1 . Travel . The participant or the sponsoring agency is responsible for purchasing the participant’s roundtrip airline or train ticket and making travel arrangements. Participants are reimbursed for tick-ets and related travel expenses shortly after their arrival in Vienna. Upon receipt of a request from the sponsor within ten days of acceptance confirmation, the IMF will 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 rea-son 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.

2 . Accommodations . Accommodations and breakfast are provided by the JVI. Spouses and guests are not allowed at the JVI residence.

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















c o l o r o p t i o n s d e p e n d o n t h e c o l o r p a l e t t eMisc. Living allowance Selection Process Travel
















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

5 . Miscellaneous . Information on visas, medical insurance, accommodations, settling-in, and other ar-rangements is sent to each participant who accepts the invitation to attend the course.

Travel to Singapore and Administrative Arrangements

1 . Travel . Participants or their sponsoring agencies are responsible for the initial purchase of the partici-pants’ round-trip airline ticket and for making travel arrangements. Participants will be reimbursed a fixed amount in US dollars travelers’ checks for their tickets and related travel expenses upon arrival in Singa-pore. Under special circumstances and upon receipt of a specific request from the sponsor, STI will con-sider making travel arrangements for the participant. In case of a withdrawal, expenses such as cancella-tion 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 (including one day before and one day after the course) are provided free of charge at a hotel near the Monetary Authority of Singapore building where STI is located. STI covers room costs; participants are responsible for all other charges.

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 participants’ incidental expenses.

4 . Health 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 conta-gious 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 programs, sponsors (senior officials from the nominating agencies) must agree to reimburse STI for all expenses incurred on behalf of their sponsored participants due to any pre-existing medical conditions. Further, sponsors are required to cover the costs of any medical procedures not covered by the health insurance plan.

5 . Miscellaneous . STI sends information on visas, insurance (travel, medical, and other types), accommo-dations, settling-in, and other arrangements to each participant after he or she has accepted an invitation to attend the course.





































|

Arrangements for BTC, CEF, CTP, ITP, and JPA

Courses at regional training centers and other training venues other than JVI and STI are by invitation only. Candidates are nominated by government agencies of targeted countries upon the request of the responsible IMF department. The invitation process may vary somewhat from one center to another, but culminates with an invitation from the IMF Institute to the candidate. Candidates who meet the qualifications for the course and are selected are contacted by the IMF Institute and given information on travel, accommodations, and other adminis-trative arrangements for the course.


Register to Stay in Touch – Agency Training Contacts

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

The IMF Institute – Going Green!

The copy of the course catalog that you are holding has been published on paper produced from well-managed forests, controlled sources and recycled wood or fiber. Since August 2010, the IMF Institute eliminated hardcopy application and nomination forms. All applica-tions for HQ, DL, JVI, and STI courses should be submitted online through the IMF Insti-tute’s Online Application System (OAS) and nominations should be submitted through the Online Nomination System (ONS). We are proud to be a part of the global effort of protect-ing our environment!

Moodle is the IMF Institute’s course management system, which provides:

•Administrativeinformationpriortothecourse;

•Coursematerials(suchasprogram,listofreadings,etc.);and,

•Venueforcollaborationamongparticipantsandcounselors.



I N T E R N A T I O N A L M O N E T A R Y F U N D

2012

INTERNATIONAL MONETARY FUND700 19th Street, NWWASHINGTON, DC 20431U.S.A.

FAX: +1 (202) 623-6490E-MAIL: [email protected]: WWW.IMF.ORG/INSTITUTE

imf institute 2012 training catalog · joint vienna institute ... financial markets and new...

Documents