## IMF Workshop on Debt Sustainability and Debt Management for Low-Income Countries - Cancelled

## Source details

**Canonical URL:** [IMF Workshop on Debt Sustainability and Debt Management for Low-Income Countries - Cancelled](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ct/2020/dsm-licct20-01)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/ct/2020/dsm-licct20-01/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/ct/2020/dsm-licct20-01/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/ct/2020/dsm-licct20-01/bundle-manifest.json)

## Bibliographic details
- Session: CT 20.01
- Location: Dalian, China
- Dates: February 24, 2020 - March 5, 2020 (2 weeks)
- Primary language: English

---

### Event details and target audience
- Status: Cancelled
- Session No.: CT 20.01
- Location: Dalian, China
- Date: February 24, 2020 - March 5, 2020 (2 weeks)
- Primary Language: English
- Qualifications: Participants should have a degree in economics or finance. Experience with debt sustainability analysis, or credit risk analysis would be extremely useful.
- 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
  - Officials from borrowing countries responsible for macroeconomic and fiscal/budget projections

### Course scope and analytical focus
- The course was presented by the IMF's Strategy, Policy, and Review Department and provided a comprehensive overview of tools for debt sustainability analysis with particular emphasis on assessing proposals to scale up investment.
- Core analytical areas covered:
  - Determination of a country's debt carrying capacity (both external and total debt)
  - Checking forecasts for realism, with close attention to investment-growth linkages
  - Assessing contingent risks arising from gaps in data on total public debt
  - Examining risks posed by shocks (natural disasters, commodity prices, market exposures)
  - Incorporating other factors that could influence debt outcomes (assets, private debt, etc.)
  - Categorizing risks for external and total debt, and qualifying them
  - Thinking about fiscal space for borrowing
  - The IMF's Debt limits policy and international agreements on structuring lending
  - How different approaches to financing investment could impact assessments
  - Thinking about sustainability

### Debt resolution, creditor frameworks, and IMF policies
- Coverage of global architecture for debt resolution, including:
  - The process of private debt resolution
  - The process for resolution of official debt at the Paris Club
  - Creditor type and hierarchy
  - Typical solutions deployed by negotiators in restructuring situations
- IMF policies and frameworks addressed:
  - The IMF's policies when dealing with countries in a debt resolution situation, including:
    - The lending framework for exceptional access
    - The financing assurance policy
    - The lending into arrears policy

### Practical training components and methods
- Lectures complemented by hands-on exercises using the IMF/WB debt sustainability templates.
- Group work to consider scenarios and their implications for the evolution of debt vulnerabilities, and options to mitigate risks.
- Inclusion of a case study on a debt resolution.

---


## References

- [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/ct/2020/dsm-licct20-01_