Medium-Term Debt Management Strategy (MTDSx)
Source details
- Canonical URL
- Medium-Term Debt Management Strategy (MTDSx)
Other formats
Bibliographic details
- Session: OL 24.212
- Location: Course conducted online
- Dates: May 1, 2024 - April 15, 2025 (50 weeks)
- Delivery method: Online Training
- Primary language: English
- Status: Deadline passed
Course overview and logistics
- Session No.: OL 24.212
- Location: Course conducted online
- Date: May 1, 2024 - April 15, 2025 (50 weeks)
- Delivery Method: Online Training
- Primary Language: English
- Deadline: Deadline passed
Target audience and qualifications
- Target audience:
- All government officials are welcome to register.
- Particularly useful for officials from debt management offices, treasury departments, ministries of finance, ministries of economy, central banks, and other government officials responsible for providing advice or implementing debt management policies.
- 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.
- Pre-requisites:
- Los participantes deben tener un título universitario en economía o finanzas, o experiencia equivalente.
Course description
- Purpose:
- Build capacity to develop a medium-term debt management strategy (MTDS), contributing to improved public debt management.
- Framework and tools:
- Explains the joint International Monetary Fund-World Bank (IMF-WB) MTDS framework.
- Provides comprehensive training on the accompanying analytical tool, MTDS AT.
- Analytical focus:
- The MTDS AT is useful for analyzing quantitatively the cost-risk characteristics of an existing debt portfolio.
- The MTDS AT analyzes the cost-risk trade-offs of alternative financing strategies.
- Strategic considerations taught:
- How to develop financing strategies by considering:
- Composition of the existing debt portfolio.
- Developments in key macroeconomic and market conditions.
- Potential sources of financing.
- Linkages with the broader medium-term macroeconomic framework, including debt sustainability.
Course objectives (learning outcomes)
Upon completion of the course, participants should be able to:
- Describe the steps in developing an MTDS.
- Use the MTDS analytical tool to:
- analyze and identify the costs and risks inherent in the government's existing debt portfolio.
- formulate different market risk scenarios, adapting them to the country's specific situation.
- identify and assess various debt financing strategies under these scenarios by comparing the cost/risk trade-offs.
- Formulate a debt management strategy that is in line with the country's debt management objectives.