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International Tax- Public Financial Management Program (IT-PFM)

The Program

The International Tax and Public Financial Management (IT-PFM) Program provides the highest quality professional graduate education for future leaders and managers of tax and public financial management systems in countries around the world. To achieve this, the IT-PFM provides an integrated program across the key areas of policy and administration for public finance, taxation, budgeting and expenditure analysis.  

Offered as a specialization within the Master of International Development Policy (MIDP), IT-PFM provides fellows with a unique blend of policy analysis, skill development and interdisciplinary work, all focused on design and management of domestic revenues and expenditures in developing economies in an ever-changing global environment. The policymakers and public sector managers of today must be able to design policies and practices that generate adequate revenues to alleviate poverty and support the delivery of public services in an efficient and equitable manner while still fostering an enabling environment for economic growth and development.

Improved taxation and PFM enhance transparency and accountability in public resource management that can reduce fiduciary risks affecting domestic revenue mobilization, borrowing, investment, grants and foreign aid. Successful reforms require a combination of political will, effective management, technical capacity and incentive structures. The IT-PFM specialization develops those skills needed to design and implement these reforms in the developing world.

 

One-Year IT-PFM

The one-year program is available to candidates who have completed at least one year of graduate studies prior to admission, including courses in economics, and who have at least five years of taxation / public financial management-related work experience.

 

The One-Year IT-PFM Program Curriculum 

Semester

One-Year Master’s Degree (30 credits)

Fall

Policy Analysis for Development (3 credits)

Applied Development Economics (3 credits)

Public Finance in Developing and Emerging Economies (3 credits)

Evaluation of Public Investments Projects or Elective Course (3 credits)

Master’s Project (1 credit)

Spring

Public Budgeting and Financial Administration (3 credits)

Tax Policy and Administration (3 credits) or Development Finance and Resource Allocation (3 credits)

Elective Course (3 credits)

Master’s Project (2 credits)

Summer

Project Appraisal and Risk Management Program (6 credits) or

Tax Analysis and Revenue Forecasting Program (6 credits)

Depending on whether specialization is on Tax or PFM

Note:  All IT-PFM two-year degree fellows are required to take either the Evaluation of Public Investment Projects or the Project Appraisal and Risk Management Program (PARM) or an approved equivalent.

 

 

 

The Two-Year IT-PFM Program

The two-year program is available to candidates who have completed an undergraduate degree and have at least five years of taxation / public financial management-related work experience.

During the summer between the first and second year, fellows work as interns in public sector organizations gaining additional knowledge and experience in taxation and public financial management.  This required internship may also be satisfied through a directed research project or teaching assistantship in an area of taxation and public financial management.

 

The Two-Year IT-PFM Program Curriculum 

Semester

Two-Year Master’s Degree (48 credits)

Fall

Policy Analysis for Development (3 credits)

Economic Foundations for Development (3 credits)

Elective Courses (6 credits)

 

Spring

Empirical Analysis for Development (3 credits)

Public Budgeting and Financial Administration (3 credits)

Fiscal Decentralization and Local Government Finance (3 credits)

Elective Course (3 credits)

 

Summer

Internship, directed research project or teaching assistantship

Project Appraisal and Risk Management Program (6 credits) (optional)

Tax Analysis and Revenue Forecasting Program (6 credits) (optional)

 

Fall

Public Finance in Developing and Emerging Economies (3 credits)

Applied Development Economics (3 credits)

Evaluation of Public Investment Projects or Elective Course (3 credits)

Elective (3 credits)

Master’s Project (1 credit)

 

Spring

Tax Policy and Administration (3 credits) or Development Finance and Resource Allocation (3 credits)

Elective Course (3 credits)

Master’s Project (2 credits)

 

Note:  All IT-PFM two-year degree fellows are required to take either the Evaluation of Public Investment Projects or the Project Appraisal and Risk Management Program (PARM) or an approved equivalent.

 

 

Courses

Click here to see course descriptions for the IT-PFM specialization

See also: the full curriculum and course descriptions for the overall MIDP program

 

Faculty

Faculty members in the PFM specialization have extensive experience as short-term advisors, long-term resident advisors and government officials in numerous tax policy and public financial management reforms linked to planning, budgeting, fiscal policy, expenditure analysis, tax policy and administration, fiscal decentralization and local government finance in more than 30 countries. Click here to learn more about our faculty. 

 

Financial Aid

The Oliver Oldman Memorial Scholarship

DCID established the Oliver Oldman Memorial Scholarship in 2009-10 to honor Professor Oliver Oldman, who directed and nurtured the International Taxation Program while it was hosted by Harvard Law School. The scholarship has now been expanded to support up to eight fellows per academic year who enroll in the MIDP with a specialization in international taxation and/or public financial management. The scholarship covers between 25 and 100 percent of the cost of tuition. Fees, health insurance and living expenses are not included. Learn more about the scholarship.