{
  "title": "Sovereign Risk and Debt Sustainability Framework for Market Access Countries and IMF Policies (SRDSF-MAC)",
  "sourceUrl": "https://www.imf.org/en/capacity-development/training/icdtc/schedule/ct/2024/srdsf-macct24-17",
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  "summary": "Sovereign Risk and Debt Sustainability Framework for Market Access Countries and IMF Policies Training Program Sovereign Risk and Debt Sustainability Framework for Market Access Countries and IMF Policies (SRDSF-MAC) Invitation Session No.",
  "publishDate": "2025-10-15",
  "sections": [
    {
      "heading": "Program overview and logistics",
      "content": "- Session No.: CT 24.17\n- Location: Shenzhen, China\n- Date: November 6-15, 2024 (2 weeks)\n- Delivery Method: In-person Training\n- Primary Language: English"
    },
    {
      "heading": "Target audience and qualifications",
      "content": "- Target audience:\n  - Officials in Exim bank or CDB who play a direct role in lending decisions (loan officers, credit risk analysts).\n  - PBC officials engaged in designing swap arrangements with counterpart central banks in Market Access Countries (MACs).\n  - Officials from NDRC, China Export and Credit Insurance Corp, CIDCA, Silk Road Fund, and related agencies engaged in lending or aid.\n  - Officials in the Ministries of Commerce, Foreign Affairs, and Finance who are overseeing lending or aid to MACs.\n  - Belt and Road Initiative (BRI) officials with responsibilities related to the topics of the workshop.\n- Qualifications:\n  - Participants should have a degree in economics or finance.\n  - Participants should have reasonably fluency in English (translation will not be available).\n  - Experience with debt sustainability analysis, or credit risk analysis would be extremely useful."
    },
    {
      "heading": "Course description and pedagogical approach",
      "content": "- The course presents the IMF's Sovereign Risk and Debt Sustainability Framework (SRDSF) for Market Access Countries (MACs) through presentations, discussions, and exercises.\n- Core purposes of the SRDSF:\n  - Guide countries' borrowing decisions to match their need for funds with their current and prospective ability to service debt, tailored to their specific circumstances.\n  - Help assess a country's vulnerability to sovereign debt-related stress and identify policies to prevent potential stress from materializing in a timely manner.\n  - Where public debt related stress has already materialized, help determine whether the stress can be resolved through a fiscal adjustment and/or additional financing, or if exceptional measures including a debt restructuring are needed.\n- Key instructional elements:\n  - Introduction to the theoretical foundations of the framework.\n  - Forward-looking analysis of debt and debt service dynamics under a baseline scenario and in the context of plausible macroeconomic and financing shocks.\n  - Presentation of standardized outputs.\n  - Hands-on sessions with exposure to key features of the Excel-based Sovereign Risk and Debt Sustainability Analysis (SRDSA) template (course focus is not on mastering the template).\n  - Group work to consider scenarios, evolution of debt vulnerabilities, and options to mitigate risks.\n  - A case study on a debt resolution."
    },
    {
      "heading": "Learning objectives and competencies",
      "content": "- Upon completion, participants should be able to:\n  - Understand the basic information needed for a debt sustainability analysis and explain the key inputs required to operationalize the SRDSF.\n  - Understand how standardized outputs of the SRDSF are produced.\n  - Interpret standardized outputs including:\n    - Summary SRDSA table.\n    - Debt structure charts.\n    - Realism flags.\n    - Stress tests.\n    - Horizon-based and overall assessments.\n  - Apply effective concepts, definitions, and techniques for assessing sovereign debt risks.\n  - Exhibit satisfactory knowledge of the MAC SRDSF framework and toolkit.\n  - Interpret debt sustainability analyses published by the IMF for market access countries.\n  - Understand options available to creditors to support debt resolution.\n  - 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."
    }
  ],
  "bullets": [
    "Session No.: CT 24.17",
    "Location: Shenzhen, China",
    "Date: November 6-15, 2024 (2 weeks)",
    "Delivery Method: In-person Training",
    "Primary Language: English",
    "Target audience:",
    "Qualifications:",
    "The course presents the IMF's Sovereign Risk and Debt Sustainability Framework (SRDSF) for Market Access Countries (MACs) through presentations, discussions, and exercises.",
    "Core purposes of the SRDSF:",
    "Key instructional elements:",
    "Upon completion, participants should be able to:"
  ],
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  "generatedAtUtc": "2026-09-29T17:05:19.604Z"
}