## Debt Sustainability Framework for Low Income Countries

## Source details

**Canonical URL:** [Debt Sustainability Framework for Low Income Countries](https://www.imf.org/en/capacity-development/training/icdtc/courses/lic-dsfx)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/courses/lic-dsfx/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/courses/lic-dsfx/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/courses/lic-dsfx/bundle-manifest.json)

## Bibliographic details
- Published: October 2, 2025

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## Upcoming offerings

| Start date | End date | Location | Delivery Method | Session No. | Primary & (Interpretation) language | Apply |
| --- | --- | --- | --- | --- | --- | --- |
| May 1, 2026 | April 15, 2027 | Course conducted online | [[[[Online Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods) | [OL 26.120](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2026/lic-dsfxol26-120) | French | [[[[Apply online](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.118E)](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.119S)](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.122P)](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.120F) by April 1, 2027 |
| May 1, 2026 | April 15, 2027 | Course conducted online | [[[[Online Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods) | [OL 26.122](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2026/lic-dsfxol26-122) | Portuguese | [[[[Apply online](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.118E)](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.119S)](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.122P)](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.120F) by April 1, 2027 |
| May 1, 2026 | April 15, 2027 | Course conducted online | [[[[Online Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods) | [OL 26.119](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2026/lic-dsfxol26-119) | Spanish | [[[[Apply online](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.118E)](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.119S)](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.122P)](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.120F) by April 1, 2027 |
| May 1, 2026 | April 15, 2027 | Course conducted online | [[[[Online Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods) | [OL 26.118](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2026/lic-dsfxol26-118) | English | [[[[Apply online](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.118E)](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.119S)](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.122P)](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.120F) by April 1, 2027 |

### Overview
- The course provides an overview of the World Bank-IMF Debt Sustainability Framework for Low Income Countries (LIC DSF).
- Purpose: to help low-income countries achieve their development goals while minimizing the risk of debt distress.
- The course explains how to interpret LIC DSF outputs presented in World Bank and IMF reports.
- Sequence of instruction:
  - Identify data requirements and the "realism tools" used for assessing the plausibility of macroeconomic projections.
  - Explain how the LIC DSF computes a country's debt-carrying capacity, which is used to determine thresholds for debt-burden indicators.
  - Show how breaches of debt-burden indicator thresholds under baseline or stress test scenarios signal risk of debt distress.
  - Explore how judgment is applied to arrive at a final debt risk rating.

### Target audience and qualifications
- Target audience:
  - Officials from ministries of finance
  - Debt agencies
  - Central banks
  - Other government agencies responsible for providing advice or implementing macroeconomic and debt policies
- Qualifications:
  - Some knowledge of economics would be helpful.
  - Basic Microsoft Excel skills are essential.

### Course objectives (upon completion)
- Identify data requirements for the use of the LIC DSF template.
- Identify the steps in the production of debt risk ratings for low-income countries.
- Analyze 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 World Bank and IMF reports.

---


## References

- [Online Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [OL 26.120](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2026/lic-dsfxol26-120)
- [OL 26.122](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2026/lic-dsfxol26-122)
- [OL 26.119](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2026/lic-dsfxol26-119)
- [OL 26.118](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2026/lic-dsfxol26-118)
- [Apply online](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.120F)
- [Apply online](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.122P)
- [Apply online](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.119S)
- [Apply online](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.118E)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/courses/lic-dsfx_