Debt Sustainability and Debt Management

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Debt Sustainability and Debt Management (DSMx)

This online course, presented jointly by the Institute for Capacity Development and the Fiscal Affairs, Research, Monetary and Capital Markets, and Strategy, Policy, and Review Departments, in collaboration with the World Bank, provides a comprehensive overview of the IMF and World Bank recent research and hands-on analytical tools for debt sustainability analysis (DSA) and debt management.

This six-module course, offered on a modular basis, lays out the underpinnings of debt sustainability analysis; introduces a probabilistic approach to assessing debt sustainability; examines how to balance the needs for development with debt sustainability concerns focusing on public investment-growth nexus; teaches the new debt sustainability frameworks for the economies that can access the financial markets (MAC DSA) as well as for the countries that benefit from long-term concessional financing (LIC DSF) using real country data; and presents the updated and refined Medium-Term Debt Management Strategy (MTDS) to help ensure sustainable debt.

Target Audience

All government officials are welcome to register. This course is particularly useful for officials from ministries of finance, debt agencies, central banks, and other government agencies responsible for providing advice or implementing macroeconomic and debt policies.

Qualifications

Some knowledge of economics is helpful. Basic Microsoft Excel skills and access to a computer with a reliable Internet connection and a Google Chrome web browser are essential.

Course Objectives

Upon completion of this course, participants should be able to:

Recognize the risks of high debt.
Identify the key drivers of public and external debt.
Evaluate safe debt levels in a world full of uncertainties.
Assess the costs and benefits of higher public investment from the perspective of debt sustainability, in a country with development needs.
Use the MAC DSA tool to produce a debt sustainability assessment in a country with access to financial markets.
Use the LIC DSF tool to determine the risk of public and external debt distress in a country with concessional debt.
Describe strategies for managing debt within the MTDS framework.

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