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LIC-DSFx

Online: Debt Sustainability Framework for Low Income Countries (LIC DSFX)

Apply online by March 4, 2021

Session No.: OL 21.112

Location: Course conducted online

Date: January 1, 2021 - April 15, 2021 (15 weeks)

Primary Language: English

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    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.
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    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.
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    Course Description

    This online course, jointly developed by the IMF Institute for Capacity Development, the IMF Strategy, Policy, and Review Department and the WB and funded by the Debt Management Facility (DMF) provides an overview of the World Bank - IMF Debt Sustainability Framework for Low Income Countries (LIC DSF). The LIC DSF was developed by the IMF and the World Bank (WB) to help low-income countries achieve their development goals while minimizing the risk of debt distress. This one-module course will allow you to understand the LIC DSF, and thus interpret the LIC DSF outputs presented in WB and IMF reports. The course walks you through the steps involved in applying the LIC DSF. First, we identify data requirements and the "realism tools" used for assessing the plausibility of macroeconomic projections. You will next understand how the LIC DSF computes a country's debt-carrying capacity which is used for determining thresholds for the debt-burden indicators. When a debt-burden indicator breaches its threshold under either the baseline or stress test scenarios, this signals risk of debt distress. The course concludes with exploring how judgment can be used to arrive at a final risk rating.
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    Course Objectives

    Upon completion of this course, participants should be able to:- Identify data requirements for the use of the LIC DSF template.- Learn the steps in the production of LIC DSF risk ratings.- Understand the LIC DSF realism tools.- Interpret the LIC DSF stress test scenarios.- Identify how the LIC DSF computes thresholds for debt-burden indicators.- Interpret the outputs of the debt sustainability analysis for low income countries, as presented in WB and IMF reports.
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    Apply Now - Application deadline approaching:

    IMF offers online training to government officials and public. Click Learn more to find our current offerings.

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