## Sovereign Risk and Debt Sustainability Framework for Market Access Countries

## Source details

**Canonical URL:** [Sovereign Risk and Debt Sustainability Framework for Market Access Countries](https://www.imf.org/en/capacity-development/training/icdtc/schedule/jv/2024/srdsf-macjv24-43)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/jv/2024/srdsf-macjv24-43/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/jv/2024/srdsf-macjv24-43/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/jv/2024/srdsf-macjv24-43/bundle-manifest.json)

## Bibliographic details
- Session: JV 24.43
- Location: Vienna, Austria
- Dates: May 20-24, 2024 (1 week)
- Delivery method: In-person Training
- Primary language: English

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### Target audience and qualifications
- Target audience:
  - Officials of Ministries of Finance and Debt Management Offices of countries which apply the Sovereign Risk and Debt Sustainability Framework for Market Access Countries.
- Qualifications:
  - Participants are expected to have a degree in economics or finance or equivalent work experience, and good quantitative skills.
  - Participants' current job or responsibilities at work should be linked to the topic of the workshop.

### Course description and analytical focus
- The one-week course presents the IMF Sovereign Risk and Debt Sustainability Framework (SRDSF) for Market Access Countries (MACs) through presentations, discussions, and hands-on exercises.
- Primary aim:
  - To guide countries' borrowing decisions to match their need for funds with their current and prospective ability to service debt, tailored to their specific circumstances.
- Framework applications:
  - Where public debt is found to be unsustainable, the framework provides a methodology for setting targets to guide debt restructurings undertaken in the context of Fund-supported programs.
  - Introduces participants to using the MAC SRDSF, including standardized forward-looking analysis of the debt and debt service dynamics under a baseline scenario and in the face of plausible shocks.
- Practical components:
  - Participants will work on exercises and case studies, and analyze the outputs generated by the MAC SRDSF template.

### Course objectives
- Upon completion of this workshop, participants should be able to:
  - Describe why fiscal sustainability is central to macroeconomic stability and sustainable growth.
  - Apply effective concepts, definitions, and techniques for analyzing fiscal sustainability.
  - Demonstrate improved knowledge of the MAC SRDSF framework.

---


## 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)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/jv/2024/srdsf-macjv24-43_