Sovereign Risk and Debt Sustainability Framework for Market Access Countries

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Target audience:
- Officials of Ministries of Finance and Debt Management Offices of countries which apply the Sovereign Risk and Debt Sustainability Framework for Market Access Countries.
Qualifications:
- Participants are expected to have a degree in economics or finance or equivalent work experience, and good quantitative skills.
- Participants' current job or responsibilities at work should be linked to the topic of the workshop.

The one-week course presents the IMF Sovereign Risk and Debt Sustainability Framework (SRDSF) for Market Access Countries (MACs) through presentations, discussions, and hands-on exercises.
Primary aim:
- To guide countries' borrowing decisions to match their need for funds with their current and prospective ability to service debt, tailored to their specific circumstances.
Framework applications:
- Where public debt is found to be unsustainable, the framework provides a methodology for setting targets to guide debt restructurings undertaken in the context of Fund-supported programs.
- Introduces participants to using the MAC SRDSF, including standardized forward-looking analysis of the debt and debt service dynamics under a baseline scenario and in the face of plausible shocks.
Practical components:
- Participants will work on exercises and case studies, and analyze the outputs generated by the MAC SRDSF template.

Upon completion of this workshop, 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.
- Demonstrate improved knowledge of the MAC SRDSF framework.