## Medium-Term Debt Management Strategy (MTDSx)

## Source details

**Canonical URL:** [Medium-Term Debt Management Strategy (MTDSx)](https://www.imf.org/en/capacity-development/training/icdtc/courses/mtdsx)

## Other formats

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

## Bibliographic details
- Published: July 24, 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 26.183](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2026/mtdsxol26-183) | Spanish | [[[[Apply online](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.184F)](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.186R)](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.204E)](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.183S) 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 26.204](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2026/mtdsxol26-204) | English | [[[[Apply online](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.184F)](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.186R)](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.204E)](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.183S) 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 26.186](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2026/mtdsxol26-186) | Russian | [[[[Apply online](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.184F)](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.186R)](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.204E)](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.183S) 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 26.184](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2026/mtdsxol26-184) | French | [[[[Apply online](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.184F)](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.186R)](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.204E)](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.183S) by April 1, 2027 |

### Course overview
- Designed to build capacity in developing and implementing a sound Medium-Term Debt Management Strategy (MTDS).
- Delivered through a blend of video lectures, guided exercises, and hands-on simulations.
- Introduces participants to the joint IMF-World Bank MTDS framework and the analytical tool (MTDS AT).
- Emphasizes practical application, enabling learners to analyze their own debt portfolios in the context of macroeconomic indicators, market conditions, and financing options.
- Topic: Financial Sector Issues

### Target audience and qualifications
- 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.
- Identify and assess various financing strategies under these scenarios and compare the cost/risk trade-offs involved.
- Use the quantitative MTDS analytical tool that accompanies the MTDS framework.
- Present the results of the analysis in a manner that enhances its value for policy purposes.
- Formulate a strategy that is in line with debt management objectives.

---


## References

- [Online Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [OL 26.183](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2026/mtdsxol26-183)
- [OL 26.204](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2026/mtdsxol26-204)
- [OL 26.186](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2026/mtdsxol26-186)
- [OL 26.184](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2026/mtdsxol26-184)
- [Apply online](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.183S)
- [Apply online](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.204E)
- [Apply online](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.186R)
- [Apply online](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.184F)

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