Virtual - DSA and IMF Policies Workshop
Source details
- Canonical URL
- Virtual - DSA and IMF Policies Workshop
Other formats
Bibliographic details
- Session: CT 20.05
- Location: Beijing, China
- Dates: July 13-17, 2020 (1 week)
- Primary language: English
Event details and logistics
- Session No.: CT 20.05
- Location: Beijing, China
- Date: July 13-17, 2020 (1 week)
- Primary Language: English
- Delivery mode: Virtual via WebEx platform
- Technical requirements:
- Reliable broadband is required.
- A device with either the WebEx desktop application or a Google Chrome web browser is essential.
- A computer is recommended to fully benefit from the lectures and exercises.
Target audience
- Officials in Eximbank or CDB directly involved in lending decisions (loan officers, credit risk analysts)
- Officials in the PBoC engaged in designing swap arrangements in EMs/LICs
- Officials from NDRC, China Export and Credit Insurance Corp, CIDCA, and other agencies engaged in lending/aid
- Officials in the Ministries of Commerce, Foreign Affairs, and Finance overseeing lending/aid to EMs/LICs
Qualifications for participants
- Should have a degree in economics or finance
- Should have reasonably fluency in English (translation will not be available)
- Experience with debt sustainability analysis, or credit risk analysis would be extremely useful
Course description — scope and major topics
- The course presents an overview of the tools available to assist with debt sustainability analysis, with a special focus on using them to assess cases where debt is not sustainable and resolution is needed.
- It covers the global architecture for debt resolution, when this is necessary, and IMF policies when dealing with countries in debt resolution situations.
- Topics covered include:
- Defining public debt, and assessing contingent risks that exist due to gaps in data
- Macro forecasting and realism (with close attention to investment-growth linkages)
- Determination of a country's debt carrying capacity (both external and total debt)
- Categorizing risks for external and total debt, and qualifying them
- Thinking about sustainability
- Different approaches to restoring sustainability
- The international architecture for debt resolution, and IMF's policies when dealing with countries in a debt resolution situations
Course objectives — learning outcomes
- Understand the basic information needed for a debt sustainability analysis
- Interpret sustainability analyses published by the IMF and World Bank
- Evaluate sustainability and how to evaluate loss given default
- Options available to creditors to support debt resolution
- Understand what will happen if a country becomes over-burdened with debt, and what crisis lenders (like the IMF) will need from creditors to be able to help with resolution
References