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Corrigendum on air quotation (12-Jun-2018)

The Ministry of Finance would like to issue the addendum on air ticket quotation vide MoF/PRO/MFS /18/2108 issued on 12thth June 2018 as follows:

Date of Travel Sector
16th June 2018 Paro to Bangkok
17th June 2018 Bangkok to Manila
30th June, 2018 Manila to Bangkok
2nd July 2018 Bangkok to Paro

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Shortlisted Applicants for Collector, Customs & Excise Division, DRC (7-Jun-2018)

The Ministry of Finance is pleased to announce the shortlisted applicants for the post of Collector, Customs & Excise Division, DRC, Ministry of Finance.

Results of shortlisting are notified through email.

The shortlisted applicants are requested to report to MOF Conference Hall, on June 13, 2018 at 12:00PM.

For further information / clarification, please contact HRD, MoF at 02-322268 during the office hours.

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Grant received from World Bank for supporting Reforms in the Mining Sector (5-Jun-2018)

THIMPHU, June 5, 2018 – The Royal Government of Bhutan received a US$ 300,000 grant from the World Bank-led Extractives Global Programmatic Support (EGPS) multi-donor trust fund to support reforms in the mining sector and assist the Department of Geology and Mines with the implementation of the 2017 Mineral Development Policy.

The project, Supporting Minerals Management Policy Reform, will help (i) revise the 2002 Mines and Minerals Management Regulations; (ii) access international best practice advice on mines allocation, strategic minerals and mineral pricing; (iii) support advocacy programs for the implementation of the Mineral Development Policy; (iv) build technical capacity within the Mineral Development Division; and (v) enhance information system and compliance monitoring.

The Grant Agreement was signed today between the Hon’ble Finance Minister, Lyonpo Namgay Dorji and Mr. Yoichiro Ishihara, Resident Representative, World Bank.

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IMF’s Institute for Capacity Development (22-Mar-2018)

Visit e-Catalog of IMF ICD to apply and check any new courses.

Public Financial Management (OL18.119, PFMx) in English

Work at your own pace from May – July 4, 2018.
Total expected workload: 40-50 hours
Application deadline: May 2, 2018

Course Description:
This online course, presented by the IMF’s Fiscal Affairs Department, provides an overview of PFM systems, institutions, and capacity building in developing and emerging market economies. It focuses on PFM issues based on the IMF’s operational and analytical perspectives, in support of macroeconomic stability, economic growth, and achievement of the Sustainable Development Goals (SDGs).

The training covers a wide range of topics, and treats PFM as an integrated system. As such, it focuses on PFM priorities, reform objectives and implementation risks. The course takes conceptual and practical approaches, and includes testimonies from ministers of finance, practitioners, and civil society.

Macroeconomic Management in Resource-Rich Countries (OL18.05, MRCx) in English

April 4 – May 23, 2018 (7 weeks)
Expected workload: 6 – 8 hours a week
Application deadline: March 28, 2018

Course Description:
This course, presented by the IMF Institute for Capacity Development, the Fiscal Affairs Department, and the Statistics Department discusses macroeconomic policy issues and challenges that confront resource-rich countries.

Watch a special video introducing the course!

Energy Subsidy Reform (OL18.103, ESRx) in English

Complete at your own pace from March 28 – April 25, 2018
Expected workload: Approx. 32 hours over 4 weeks
Application deadline: March 26, 2018

Course Description:

This course builds on an extensive cross-country analysis, which is reported analysis, reported notably in the IMF book on “Energy Subsidy Reform: Lessons and Implications,” to make recommendations on how to best implement reforms aimed at reducing state subsidies on energy.

It will introduce the concept of energy subsidies – their definition and measurement – and will review the economic social and environmental implications of subsidies. It will also present tools for assessing the distributional effects of alternative subsidy reform scenarios on the population. Finally, the course will review what works best in energy subsidy reform and will illustrate successes and failures in particular country contexts by summarizing some case studies.

Financial Programming and Policies, Part 1: Macroeconomic Accounts (OL18.105, FPP.1x) in English

Work at your own pace between May 1 and October 31
Total expected workload: Approx. 48-60 hours.

This course explains the basic skills required to conduct financial programming; the principal features of the accounts of the four main sectors that comprise the macroeconomy (real, fiscal, external, and monetary); and how they relate to each other. For each sector, the course presents the accounting framework, interpretations of variables and indicators from these accounts, and basic analysis of the accounts.

Debt Sustainability Analysis (OL18.117, DSAx) in English

Work at your own pace between May 1 and October 31
Total expected workload: between 40-50 hours

This course provides, in five modules, a comprehensive overview of the frameworks for debt sustainability analysis and debt management. The modules are as follows:

– the key concepts of debt sustainability and the role of macroeconomic policies;
– debt sustainability framework for countries with market access;
– debt sustainability framework for low-income countries;
– a medium-term debt management strategy (MTDS) framework;
– and debt sustainability analysis under uncertainty.

Macroeconomic Diagnostics (OL18.08, MDSx) in English

May 2 – June 13, 2018 (6 weeks)
Total expected workload: 6 – 9 hours a week
Application deadline: April 25, 2018

Course Description:

This online course aims at strengthening participants’ ability to assess a country’s macroeconomic situation, emphasizing practical tools for use in day-to-day macroeconomic analysis. The course covers assessments of: the current state of the macroeconomy; the stance of fiscal and monetary policy; financial stability; and the medium-term prospects of the economy including the sustainability of public and external debt, the possible misalignment of the exchange rate, and vulnerabilities from the different sectors.

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