{
  "title": "Medium-Term Debt Management Strategy (MTDS)",
  "sourceUrl": "https://www.imf.org/en/capacity-development/training/icdtc/courses/mtds",
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  "summary": "Medium-Term Debt Management Strategy (MTDS) 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).",
  "publishDate": "2025-07-24",
  "sections": [
    {
      "heading": "Course overview",
      "content": "- Aims at building capacity in developing and implementing a sound medium-term debt management strategy (MTDS).\n- Trains officials on the joint IMF-WB MTDS framework to illustrate government cost and risk tradeoffs associated with different debt management strategies.\n- Focuses on managing the risk exposure embedded in a debt portfolio, in particular, the potential variation in debt servicing costs and its budgetary impact.\n- Emphasizes analysis of cost-risk trade-offs of alternative debt management strategies, utilizing the MTDS analytical tool (MTDS AT) developed by the IMF and WB.\n- Considers composition of the debt portfolio, macroeconomic indicators, market conditions, potential sources of financing, and linkages with the broader medium-term macroeconomic framework."
    },
    {
      "heading": "Target audience and qualifications",
      "content": "- Target Audience:\n  - Officials from debt management offices, ministries of finance, or central banks who deal with public debt management.\n- Qualifications:\n  - Participants are expected to have a degree in economics or finance, or equivalent experience."
    },
    {
      "heading": "Analytical tools and scenarios",
      "content": "- Use of the MTDS analytical tool (MTDS AT) developed by the IMF and WB to:\n  - Assess various financing strategies under multiple scenarios.\n  - Compare cost/risk trade-offs involved in alternative strategies.\n- Scenario work includes:\n  - Formulating different market risk scenarios (baseline and shock scenarios), adapting them to the country's specific situation."
    },
    {
      "heading": "Learning outcomes / Course objectives",
      "content": "- Upon completion of this course, participants should be able to:\n  - Describe the steps in developing an MTDS (the IMF-WB MTDS framework).\n  - Analyze the central government debt portfolio to identify the costs and risks inherent in the existing debt.\n  - Formulate different market risk scenarios (baseline and shock scenarios), adapting them to the country's specific situation.\n  - 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.\n  - Formulate a strategy that is in line with debt management objectives.\n  - Present the results of the analysis in a manner that enhances its value for policy purposes."
    }
  ],
  "bullets": [
    "Aims at building capacity in developing and implementing a sound medium-term debt management strategy (MTDS).",
    "Trains officials on the joint IMF-WB MTDS framework to illustrate government cost and risk tradeoffs associated with different debt management strategies.",
    "Focuses on managing the risk exposure embedded in a debt portfolio, in particular, the potential variation in debt servicing costs and its budgetary impact.",
    "Emphasizes analysis of cost-risk trade-offs of alternative debt management strategies, utilizing the MTDS analytical tool (MTDS AT) developed by the IMF and WB.",
    "Considers composition of the debt portfolio, macroeconomic indicators, market conditions, potential sources of financing, and linkages with the broader medium-term macroeconomic framework.",
    "Target Audience:",
    "Qualifications:",
    "Use of the MTDS analytical tool (MTDS AT) developed by the IMF and WB to:",
    "Scenario work includes:",
    "Upon completion of this course, participants should be able to:"
  ],
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  "generatedAtUtc": "2026-09-29T16:39:58.287Z"
}