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  UNITAR / PFT Online Course on
'LEGAL ASPECTS OF PUBLIC DEBT MANAGEMENT'

Twenty years ago, development was seen as being just about economic growth. The focus at least in terms of international financial and economic transactions, was on building infrastructure and stimulating economic growth. Today the focus has broadened to include poverty alleviation, empowerment, governance, equity, environment, culture, i.e. to see development as being an integrated process involving all aspects of economic, social and political life. This e-Learning course, which is intended for both lawyers and non-lawyers, will bring to light the importance of the ‘legal aspects’ pertaining to borrowing in general and public debt management in particular. This course will run participants, in a systematic manner, through the entire borrowing cycle and will highlight the importance of getting timely legal input into the borrowing process, with the aim of reducing the cost of borrowing and making a borrowing transaction sustainable.

  Course Information
Registration Status: OPEN
Deadline for Enrollment: when slots are full
Course Dates: September 20 to October 29, 2010
Estimated learning time: Minimum of 35 hours
Format: Online/Internet-based (asynchronous)
Language of Instruction: English
Fees: US $ 400/-
Helpline: UNITAR Geneva (Course Administration and Technical Questions)
      
  Course Goals  
 

1. To sensitize government officials and debt managers to the centrality and importance of 'the legal aspects' in public debt management issues.

2. To expose government officials and debt managers to the crucial role of lawyers in debt management transactions.

3. To expose participants to the different phases of the loan cycle and the structuring of documentation for effective public debt management.


INTENDED AUDIENCE

The primary beneficiaries of this course include:

1. Government and private lawyers;

2. Senior and middle-level government officials, policy makers and decision makers (especially those coming from the Ministries of Finance, Justice, Economy, Attorney-General's Offices, Central Banks, parastatals and major borrowers, Public and Private Banks including Development Banks); and

3. University professors, lecturers, and students (especially from the field of law, finance, economics, public and business administration).

Syllabus/Outline
 

 
WEEK 1: INTRODUCTION TO DEBT MANGEMENT (LEGAL ASPECTS) -- Module I
Lesson 1: Legal Aspects of Debt Management and the Role of the Lawyer
Lesson 2: Introduction to Main Economic, Fiscal and Legal Issues of Debt Management

WEEK 2: THE NATIONAL BORROWING PROCESS -- Module II
Lesson 3: Sovereign Borrowing and the Principles of Budgetary Law
Lesson 4: The National Borrowing Process

WEEK 3: INTERNATIONAL SOURCES OF FUNDS -- MODULE III
Lesson 5: International Sources of Funds
Lesson 6: International Financial Institutions (The IMF and the World Bank)
Lesson 7: Export Credit Practice

WEEK 4: LOAN AGREEMENTS -- MODULE IV
Lesson 8: Specific Issues Involving Loan Agreements
Lesson 9: Syndication in relation to Loan Agreements
Lesson 10: The Role of the Lawyer in Financial Transactions

WEEK 5: DISPUTE RESOLUTION AND ARBITRATION -- MODULE V
Lesson 11: The Place and Relevance of Arbitration and Dispute Resolution
Lesson 12: UNCTIRAL Arbitration Rules and the Model Law

     
  Pedagogy  
 


This course is designed as an online course in which participants will be primarily responsible for their own learning. Each lesson will consist of the following components:

1) Basic Reading Materials (Compulsory Reading Materials): these materials are intended to educate the participants about the basic concepts and principles applicable to the subject-matter of the lesson. It will include, where appropriate, sample materials. These materials will constitute the required reading materials for the lesson

2) Advanced Reading Materials (Optional Reading Materials): this will consist of optional reading materials for participants who wish to learn more about the topic than what is covered in the lesson.

3) External Links: This will refer the interested participants to additional books, articles, documents, and websites that deal with the issues raised in the lesson.

4) Glossary: A glossary of terms tailored to the online course will be provided to the participants and act as a learning support during the entire course.

5) Quizzes: At the end of each lesson there will be a set of quizzes for participants to answer. These quizzes are designed to test the participant's understanding of the lesson. Participants are required to pass each quiz and obtain at least 80% or more passing grade in order to be eligible for a certificate. All quizzes will need to be taken online.

6) Community Discussion Board: There will be a community discussion board available on which participants can post questions or comments that can be seen by the instructor and the other participants. This discussion board will be moderated by the course director and UNITAR. Structured discussion strings will be posted on a weekly basis.

All successful participants will be eligible to a certificate after completion of this online course.

     
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