Training Program Course
Medium-Term Debt Management Strategy (MTDS)
This course aims at building capacity in developing and implementing a sound medium-term debt management strategy (MTDS). Officials are trained on the joint IMF-WB MTDS framework, which is useful for illustrating government cost and risk tradeoffs associated with different debt management strategies and managing the risk exposure embedded in a debt portfolio, in particular, the potential variation in debt servicing costs and its budgetary impact. Officials analyze cost-risk trade-offs of alternative debt management strategies, utilizing the MTDS analytical tool (MTDS AT) developed by the IMF and WB, taking into account the composition of the debt portfolio, macroeconomic indicators, market conditions, potential sources of financing, and the linkages with the broader medium-term macroeconomic framework.
Target Audience
Officials from debt management offices, ministries of finance, or central banks who deal with public debt management.
Qualifications
Participants are expected to have a degree in economics or finance, or equivalent experience.
Course Objectives
Upon completion of this course, participants should be able to:
- Describe the steps in developing an MTDS (the IMF-WB MTDS framework).
- Analyze the central government debt portfolio to identify the costs and risks inherent in the existing debt.
- Formulate different market risk scenarios (baseline and shock scenarios), adapting them to the country's specific situation.
- Use the quantitative MTDS analytical tool that accompanies the MTDS framework to assess various financing strategies under these scenarios and compare the cost/risk trade-offs involved.
- Formulate a strategy that is in line with debt management objectives.
- Present the results of the analysis in a manner that enhances its value for policy purposes.
Upcoming Offering
| Start date | End date | Location | Delivery Method | Session No. | Primary & (Interpretation) language | Apply |
|---|---|---|---|---|---|---|
| December 8, 2025 | December 12, 2025 | Colombo, Sri Lanka | In-person Training | SA 25.52 | English | Invitation |