Fiscal Sustainability
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Bibliographic details
- Session: CT 19.09
- Location: Dalian, China
- Dates: September 2-12, 2019 (1 week)
- Primary language: English
Invitation and Logistics
- Training Program: Fiscal Sustainability (FS)
- Session No.: CT 19.09
- Location: Dalian, China
- Date: September 2-12, 2019 (1 week)
- Primary Language: English
- Presenter: IMF Institute for Capacity Development
Target Audience and Qualifications
- Target Audience: Junior to senior officials with some intermediate fiscal background who are interested in understanding and applying fiscal sustainability analysis and how it may relate to the country-specific macrofiscal environment.
- Qualifications:
- Participants are expected to have a degree in economics or equivalent work experience and some familiarity with using spreadsheets.
- It is highly recommended that applicants first complete all or several modules of the online course on Debt Sustainability Analysis, DSAx, before taking this course.
Course Description
- The course looks at fiscal sustainability as a requirement for macroeconomic stability and sustainable and inclusive long-term growth.
- Provides a thorough overview of how to assess fiscal sustainability from a policy and tools perspective.
- Discusses fiscal risks and the early warning indicators used by the IMF.
- Covers debt crises, debt management strategies, contingent liabilities, and long-term fiscal challenges.
Course Objectives
Upon completion of this course, participants should be able to:
- Describe why fiscal sustainability is central to macroeconomic stability and sustainable growth.
- Apply effective concepts, definitions, and techniques for analyzing fiscal sustainability.
- Identify near- and long-term risks and fiscal vulnerabilities.
- Analyze crisis and fiscal adjustment cases.
- Differentiate various debt sustainability analysis (DSA) frameworks.
- Prepare a risk-based public DSA for a country with access to financial markets.