## Quantitative Techniques for Debt Management (DMIR)

## Source details

**Canonical URL:** [Quantitative Techniques for Debt Management (DMIR)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2024/dmirce24-01)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/ce/2024/dmirce24-01/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/ce/2024/dmirce24-01/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/ce/2024/dmirce24-01/bundle-manifest.json)

## Bibliographic details
- Session: CE 24.01
- Location: Kuwait City, Kuwait
- Dates: January 14-18, 2024 (1 week)
- Delivery method: In-person Training
- Primary language: English
- Interpretation language: Arabic
- Status: Deadline passed

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### Target audience and qualifications
- Target Audience: Officials from finance ministries, treasury departments, debt management offices, and central banks.
- Qualifications:
  - Participants are expected to have a degree in economics or finance, or equivalent experience.
  - At least two years of working experience in debt management.

### Course description
- Presented by the Monetary and Capital Markets Department.
- Aims to build capacity on key quantitative concepts in fixed income for debt managers, and for undertaking debt management operations.
- Designed to enable participants to improve their analysis of potential financing options and be able to evaluate the pricing of loans and securities.
- Helps debt managers to understand relevant quantitative techniques in liability management operations, and options for developing and publishing yield curves when pursuing a benchmark issuance strategy.

### Course objectives
Upon completion of this course, participants should be able to:
- Understand the characteristics of different debt management instruments in terms of their cashflows and be able to calculate price, yield, modified duration and other metrics.
- Understand the difference between forward, spot and par yields and be able to build basic yield curves using fitting techniques in Excel.
- Understand how to actively manage the redemption profile with debt buybacks, reverse and switch auctions, including the pricing mechanics of such operations.
- Demonstrate a knowledge of other relevant financial instruments for a debt manager, including repo, interest rate and exchange rate swaps.

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## References

- [In-person Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Core Elements of Banking Supervision (CBS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2027/cbsat27-10)
- [Advanced Government Finance Statistics (GFS-A)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/gfs-ace26-45)
- [Fiscal Sustainability (FS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/fsce26-38)
- [Safeguards Assessments of Central Banks (SAC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/sacat26-30)
- [Macroeconomic Management in Resource Rich Countries (MRC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/mrcce26-44)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2024/dmirce24-01_