{
  "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/2026/srdsf-macct26-19",
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  "summary": "Sovereign Risk and Debt Sustainability Framework for Market Access Countries and IMF Policies Training Program Qualifications Participants are expected to have a degree in economics or finance or equivalent work experience, and good quantitative skills.",
  "publishDate": "2026-05-21",
  "sections": [
    {
      "heading": "Program logistics and eligibility",
      "content": "- Session No.: CT 26.19\n- Location: Dalian, China\n- Date: October 12-21, 2026 (2 weeks) New dates\n- Delivery Method: In-person Training\n- Primary Language: English\n- Deadline: Deadline passed\n- Qualifications:\n  - Participants are expected to have a degree in economics or finance or equivalent work experience.\n  - Good quantitative skills are required.\n  - Participants' current job or responsibilities should be linked to the topic of the workshop.\n- Target Audience:\n  - Officials of ministries of finance and debt management offices of countries which apply the Sovereign Risk and Debt Sustainability Framework (SRDSF) for Market Access Countries (MACs).\n  - Creditor banks and agencies lending to these countries."
    },
    {
      "heading": "Course description and content",
      "content": "- Purpose:\n  - Present the IMF's Sovereign Risk and Debt Sustainability Framework (SRDSF) for Market Access Countries (MACs) through presentations, discussions, and exercises.\n- Analytical focus and uses:\n  - Guide countries' borrowing decisions to match their need for funds with their current and prospective ability to service debt, tailored to specific circumstances.\n  - Assess a country's vulnerability to sovereign debt-related stress and identify policies to prevent potential stress from materializing in a timely manner.\n  - Determine, where public debt-related stress has already materialized, whether stress can be resolved through a fiscal adjustment and/or additional financing, or if exceptional measures including a debt restructuring are needed.\n- Core topics covered:\n  - The theoretical foundations of the SRDSF.\n  - The SRDSF's forward-looking analysis of debt and debt service dynamics under a baseline scenario and in the context of plausible macroeconomic and financing shocks.\n  - Standardized outputs of the SRDSF and their interpretation.\n  - IMF policies related to debt, including the arrears and the financing assurances policies.\n  - The international architecture for sovereign debt restructuring and the role of the IMF in a debt restructuring.\n- Practical elements:\n  - Exercises and real-life case studies.\n  - Analysis of MAC SRDSF outputs.\n  - Exposure to key features of the Excel-based Sovereign Risk and Debt Sustainability Analysis (SRDSA) template in a guided manner (the focus is not on mastering the SRDSA template)."
    },
    {
      "heading": "Learning objectives",
      "content": "Upon completion of the course, participants should be able to:\n- Explain the key inputs required to operationalize the SRDSF.\n- Understand how standardized outputs of the SRDSA are broadly produced.\n- Interpret standardized outputs including:\n  - the 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- Be familiar with the processes involved in a sovereign debt restructuring."
    }
  ],
  "bullets": [
    "Session No.: CT 26.19",
    "Location: Dalian, China",
    "Date: October 12-21, 2026 (2 weeks) New dates",
    "Delivery Method: In-person Training",
    "Primary Language: English",
    "Deadline: Deadline passed",
    "Qualifications:",
    "Target Audience:",
    "Purpose:",
    "Analytical focus and uses:",
    "Core topics covered:",
    "Practical elements:",
    "Explain the key inputs required to operationalize the SRDSF.",
    "Understand how standardized outputs of the SRDSA are broadly produced.",
    "Interpret standardized outputs including:",
    "Apply effective concepts, definitions, and techniques for assessing sovereign debt risks.",
    "Exhibit satisfactory knowledge of the MAC SRDSF framework and toolkit.",
    "Be familiar with the processes involved in a sovereign debt restructuring."
  ],
  "alternates": {
    "markdown": "/en/capacity-development/training/icdtc/schedule/ct/2026/srdsf-macct26-19/index.md",
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  },
  "generatedAtUtc": "2026-09-29T17:06:39.586Z"
}