National Academy for Finance and Economics

What National Academy for Finance and Economics does

The National Academy for Finance and Economics (operating name: Rijksacademie) is the official training and capacity-building institute of the Dutch Ministry of Finance, headquartered in The Hague. Founded in 2001 to expand its international mandate, the organization delivers education, training, and advisory services in public finance, audit, and economics to civil servants, both domestically and in partner countries across the Western Balkans, Eastern Partnership, MENA, Dutch Caribbean, and EU candidate-state regions.

Its core product is structured capacity-building delivered through multiple programme lines, including the Constituency Programme, Shiraka Programme, EU Twinning Projects (notably a €3.7 million North Macedonia contract running 54 months from February 2020 and a €1.14 million Georgia Parliament contract from June 2020), the Dutch Caribbean Programme, NFRP/Matra, and the Dutch Government Officials Programme. The model relies on a permanent staff of approximately 50 supplemented by an expert pool of around 200 drawn from the Dutch central government, with academic and policy oversight provided by an Advice Council chaired by former Dutch Minister of Finance Gerrit Zalm. Co-financing partners include the Dutch Ministry of Foreign Affairs, the EU, IMF, World Bank and EBRD.

The business model is institutional: the Academy is funded through Dutch Ministry of Finance appropriations and EU/multilateral programme budgets rather than commercial fees. Delivery is project-based, with long-dated twinning contracts and recurrent seasonal offerings such as the Summer Course, whose enrolment grew from 27 participants in 2021 to 43 in 2023. Revenue is not separately disclosed as the entity does not operate as a standalone commercial enterprise.

Name

National Academy for Finance and Economics

Legal name

National Academy for Finance and Economics

Website

https://nationalacademy.nl

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

1–10 employees

Short description

The National Academy for Finance and Economics (Rijksacademie) is the Dutch Ministry of Finance's official training institute, based in The Hague, delivering public-finance, audit and economics capacity-building programmes to civil servants domestically and in partner countries via EU twinning, Shiraka, and multilateral programmes.

Ownership category

akta.pro rank

Product category

Government Training Services

NAICS

Professional and Management Development Training (611430), Administration of Economic Programs (926), Public Finance Activities (92113), Educational Support Services (611710)

SIC

Services-Educational Services (8200), International Affairs (9721)

akta.pro primary industry

Finance, Banking & Capital Markets (EDAAAPAG)

akta.pro secondary industries

Education Systems & Skills Technical Assistance (BPADAEAI), Municipal Finance, Treasury, Budget & Procurement (BPAIACAC)

Keywords

• Public financial management training
• Government technical assistance
• EU Twinning projects
• Civil servant capacity building
• Public sector audit training

Headquarters

HQ city

The Hague

HQ country

Netherlands

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Government Funded Operations: The National Academy is a training institute of the Ministry of Finance of the Netherlands, integral part of the Directorate General of the Budget. It operates as a government-funded institution providing trainings to civil servants in public finance, audit and economics. Activities include bilateral technical cooperation, EU Twinning projects, and regional programmes funded through various Dutch government initiatives.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

The National Academy for Finance and Economics delivers trainings, seminars and workshops to domestic and foreign civil servants working on public finances, covering Public Financial Management, Internal Audit, and Financial Management and Control. Services are delivered through six core programmes (Constituency Programme, Shiraka Programme, EU Twinning Projects, Dutch Caribbean Programme, NFRP/Matra Programme, and Dutch Government Officials Programme) plus an annual Summer Course, supported by publications and a pool of 200 experts drawn from Dutch central government.

Product overview

The National Academy for Finance and Economics operates as a training institute offering a portfolio of programs organized around three core themes: Public Financial Management, Internal Audit, and Financial Management and Control. The primary products include international cooperation programs (Constituency Programme, Shiraka Programme, EU Twinning Projects, NFRP/Matra Programme, Dutch Caribbean Programme) and domestic training (Dutch Government Officials Programme) and the Summer Course. These are complemented by publications including the book 'The Art of Public Financial Management in the Netherlands'. The offering is structured as a unified training services portfolio rather than a software platform, with programs designed for civil servants in public finance, audit, and economics across government institutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Constituency Programme Bilateral technical cooperation programme for IMF, World Bank Group and EBRD constituency countries (Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, North Macedonia, Moldova, Mongolia, Montenegro, Romania, Ukraine), assisting ministries of finance and affiliated organizations in achieving European and international standards in transparent and solid public finances.
• Shiraka Programme Netherlands-MENA Partnership initiative for countries in North Africa and the Middle East, focusing on public financial management training and democratic transition support. Target countries include Algeria, Egypt, Iraq, Jordan, Libya, Lebanon, Morocco, Mauritania, Palestinian Territories, and Tunisia.
• EU Twinning Projects European Union instrument for institutional cooperation between public administrations of EU Member States and beneficiary countries, where the National Academy serves as an EU-mandated body for public financial management reforms. Examples include the 3.7 million EUR project with North Macedonia (2020-2025) and the 1.14 million EUR project with Parliament of Georgia.
• Dutch Caribbean Programme Designated programme supporting Aruba and Curacao within the Kingdom of the Netherlands on financial management training and cooperation.
• NFRP/Matra Programme Dutch Fund for Regional Partnerships / Matra programme for potential EU candidate countries (Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, Serbia, Turkey) and Eastern Partnership countries (Armenia, Azerbaijan, Belarus, Georgia, Moldova, Ukraine), supporting democracy and rule of law.
• Dutch Government Officials Programme Trainings and conferences for Dutch government officials in Public Financial Management, Audit, Economics and Operational Management. Includes VOFHA-training, budgetary rules courses, audit trainings, economics courses, and operational management masterclasses.
• Summer Course on Public Expenditure Management and Taxation Annual intensive one-week training on public financial management for constituency countries, covering public expenditure management and taxation modules. The 2023 edition welcomed 43 participants, with prior editions attracting 37 (2022) and 27 (2021) participants.
• The Art of Public Financial Management in the Netherlands (publication) Book publication describing the Dutch approach in public financial management, with chapters on fiscal policy, performance-based budgeting, risk management, evaluation framework, internal audit, and parliamentary oversight. Contributed to by experts from the Ministry of Finance, other ministries, Court of Audit, and House of Representatives.

Quantifiable outcome

• Successfully implemented Twinning project with North Macedonia over 54 months improving budget planning, execution and internal control functions
• +2 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Twelve partnerships are on record, tiered core and supporting.

• Parliament of the NetherlandscoreStrategic or Co-development Partner · 4 October 2022Partner in EU Twinning project with Georgia, working with Parliamentary Budget Office and Budget and Finance Committee of Georgian Parliament.
• House of Representatives Analysis and Research DepartmentsupportingImplementation/ SI/ Consulting Partner · 1 January 2022Cooperating partner in EU Twinning project with Georgia, providing expertise on parliamentary budget oversight.
• Parliament of GeorgiacoreStrategic or Co-development Partner · 1 June 2020EU Twinning project 'Strengthening Parliamentary Oversight in Public Finances' to enhance budgetary frameworks, external audit, independent monitoring and parliamentary oversight. Duration 2 years, budget 1.14 million EUR.
• Ministry of Finance of North MacedoniacoreStrategic or Co-development Partner · 1 February 2020Lead partner in EU Twinning project 'Strengthening Budget Planning, Execution and Internal Control Functions' with consortium partners from Croatia, Bulgaria and Latvia. Project duration 54 months, establishing Public Finance Academy within Ministry of Finance.
• Ministry of Finance of CroatiasupportingImplementation/ SI/ Consulting Partner · 1 January 2019Consortium partner in EU Twinning project with North Macedonia, contributing expertise in budget planning and internal control.
• Ministry of Finance of BulgariasupportingImplementation/ SI/ Consulting Partner · 1 January 2019Consortium partner in EU Twinning project with North Macedonia, providing expertise in public financial management.
• Ministry of Finance of LatviasupportingImplementation/ SI/ Consulting Partner · 1 January 2019Consortium partner in EU Twinning project with North Macedonia, contributing to budget execution and internal control functions.
• Ministry of Foreign Affairs of the NetherlandscoreStrategic or Co-development PartnerInitiator of Shiraka programme for MENA region. The Academy executes training programmes under this initiative dedicated to political development and democratic transition in MENA countries.
• Netherlands Enterprise Agency (RVO)supportingImplementation/ SI/ Consulting PartnerCooperates in organizing Shiraka training programmes for MENA region countries.
• Dutch Ministry of FinancecoreStrategic or Co-development PartnerParent organization; the National Academy is integral part of Directorate General of the Budget of Ministry of Finance, providing training to civil servants.
• European Union (EU Twinning Instrument)coreStrategic or Co-development PartnerEU Twinning instrument provides framework for institutional cooperation between public administrations of EU Member States and beneficiary countries for public finance reforms.
• IMF, World Bank Group, EBRDsupportingStrategic or Co-development PartnerDutch constituency relationships at these international financial institutions form basis for Constituency Programme technical cooperation.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Austrian Federal Ministry of Finance – Budget Directorate: Austria's MoF serves as an EU-mandated body and Twinning partner for PFM reforms in Western Balkans (notably North Macedonia and Albania). Direct peer given shared EU Twinning mandate and overlapping country coverage with the National Academy.
• Swedish National Financial Management Authority (Ekonomistyrningsverket, ESV): Sweden's ESV is an EU-mandated body providing PFM training and Twinning projects in EU candidate and neighbourhood countries, operating under similar G2G technical-assistance mandates. Comparable in size and scope, with direct overlap in Eastern Partnership and Western Balkans programmes.
• IMF Fiscal Affairs Department (FAD): IMF FAD delivers technical assistance and training in public financial management, tax administration, and fiscal policy to member states globally. It is the supranational equivalent of the National Academy's Constituency Programme, with overlapping topics (PFM, expenditure, taxation) and similar beneficiary ministries of finance.
• EU SIGMA (Support for Improvement in Governance and Management): SIGMA is an EU-OECD joint initiative providing horizontal support to public administration reform, including public finance and budget systems, primarily to EU enlargement countries. It directly overlaps with the National Academy's Twinning and Constituency programme mandates in Western Balkans, Eastern Partnership, and Turkey.

Broad incumbents

• Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ): Germany's federal agency for international development cooperation delivers public financial management capacity-building and twinning-style projects across the same EU candidate, MENA, and emerging-market geographies as the National Academy. GIZ is the closest broad-incumbent peer given similar G2G mandate, technical-assistance focus, and PFM training portfolio.
• Agence Française de Développement (AFD): France's bilateral development agency finances and executes public-finance governance and capacity-building projects in MENA and Sub-Saharan Africa, frequently in consortium with EU member-state partners. Comparable in delivering state-to-state public financial management assistance at scale.
• World Bank Group — Governance Global Practice: The World Bank's Governance GP delivers public sector reform, including PFM, across the same set of client countries as the National Academy. It is a comparable funder and provider of public-finance technical assistance, frequently co-financing EU Twinning and bilateral reform programmes.
• UK Foreign, Commonwealth & Development Office (FCDO) — PFM Programmes: The UK's FCDO funds and runs public financial management capacity-building programmes in developing countries, frequently through Crown Agents and PwC-led consortia. It competes with the National Academy for bilateral PFM mandates in MENA, Africa, and Eastern Europe.

Emerging players

• Crown Agents: Crown Agents is a UK-headquartered international development company delivering public financial management, procurement, and capacity-building services for donor agencies and partner governments. Directly comparable in delivering G2G PFM technical assistance and training in EU accession and emerging-market countries.
• International Centre for Tax and Development (ICTD): ICTD is a research and capacity-building network focused on taxation and public finance in developing countries. Adjacent peer given shared focus on building civil-service capacity in fiscal policy and revenue administration in the same geographies the National Academy serves.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/national-academy-for-finance-and-economics

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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