Vulnerability Diagnostics

Training Program

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Vulnerability Diagnostics (VDS)

Apply online by August 30, 2026 Deadline extended

Session No.: JV 26.38

Location: Vienna, Austria

Date: November 30, 2026 - December 11, 2026 (2 weeks)

Delivery Method: In-person Training

Primary Language: English

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Target Audience

Officials of all levels in central banks, ministries of finance, and other governmental agencies with macro-fiscal units (e.g., cabinet office, parliament), who monitor and assess country-wide and regional multisectoral vulnerabilities and risks.

Qualifications

Participants are expected to have an advanced degree in economics or equivalent experience, a basic background in econometrics, and familiarity with the use of software for econometric applications.

Course Description

This course, presented by the Institute for Capacity Development, complements the Macroeconomic Diagnostics (MDS) course. It aims at enhancing participants’ ability to assess fiscal, financial, and external vulnerabilities in an integrated fashion, using several diagnostic tools and methods to capture tail risks.

Course Objectives

Upon completion of this course, participants should be able to: Assess risks using fiscal, financial, external, and real sectors’ vulnerability indicators. Describe how vulnerabilities can morph into distress, leading to crises as a result of adverse shocks or a flawed policy mix. Use diagnostic tools (including tools currently employed in IMF surveillance), to track multi-sectoral vulnerabilities and predict indicators of tail risks. Adapt diagnostic tools, (organized as templates of country vulnerability reports), to country data.

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