Sovereign Liability And Risk Management Principles And Practices (SLRM)
This course, presented by the IMF Monetary and Capital Markets Department, is intended to broaden participants’ understanding of the main policy and operational issues in sovereign risk management, techniques used for active debt operations and debt market development, and sustained capital market access. Emphasis is given to the risk measurement of a bonded debt portfolio in the context of a sovereign’s overall balance sheet (assets and liabilities). The course specifically focuses on the lessons from the global financial and economic crisis for managing sovereign risk, public debt, and the interface with capital markets and financial stability. The course considers the following:
- Effective organizational arrangements;
- coordination with key policy areas, including monetary and fiscal policy;
- building blocks for a framework for sovereign liability management, including objectives and identification of risks, and accountability;
- technical and operational aspects of risk management;
- identifying and monitoring sovereign risk, and good principles for stress testing a sovereign debt portfolio;
- measuring key portfolio risks, including currency, interest rate, and refinancing exposures;
- technical and implementation aspects of developing a medium-term debt management strategy; and
- formulating debt issuance strategies taking account of the link between debt management and debt sustainability analysis.
Target Audience
Qualifications
Course Objectives
- Identify building blocks for a framework for sovereign liability management, including objectives and identification of risks and accountability.
- Identify good principles for stress testing a sovereign debt portfolio and monitor sovereign risk.
- Measure key portfolio risks, including currency, interest rate, and refinancing exposures.
- Describe technical and implementation aspects of developing a medium-term debt management strategy.
- Formulate debt issuance strategies taking account of the link between debt management and debt sustainability analysis.
Tools for Central Banking Implementation FX Intervention, Liquidity Forecasting, and Central Bank Balance Stress Testing
English (English) | November 10-14, 2025 | In-person Training | Singapore, Singapore
Apply online by June 13, 2025
Tax Administration Diagnostic Assessment Tool (TADAT)
English (Arabic) | September 28, 2025 - October 2, 2025 | In-person Training | Abu Dhabi, United Arab Emirates
Apply online by June 19, 2025