## Medium-Term Debt Management Strategy Framework

## Source details

**Canonical URL:** [Medium-Term Debt Management Strategy Framework](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2024/mtdsxol24-200)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/ol/2024/mtdsxol24-200/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/ol/2024/mtdsxol24-200/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/ol/2024/mtdsxol24-200/bundle-manifest.json)

## Bibliographic details
- Session: OL 24.200
- Location: Course conducted online
- Dates: May 1, 2024 - April 15, 2025 (50 weeks)
- Delivery method: Online Training
- Primary language: French
- Status: Deadline passed

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### Training program and target audience
- Training program presented by the Monetary and Capital Markets Department of the IMF.
- Target audience: Officials from debt management offices, ministries of finance, or central banks who deal with public debt management.
- Qualifications: Participants are expected to have a degree in economics or finance, or equivalent experience.
- Delivery Method: Online Training
- Primary Language: French
- Session No.: OL 24.200
- Location: Course conducted online
- Date: May 1, 2024 - April 15, 2025 (50 weeks)
- Deadline status: Deadline passed

### Course description and analytical focus
- The course builds capacity in developing and implementing a sound medium-term debt management strategy (MTDS).
- Training covers the joint IMF-WB MTDS framework used to illustrate government cost and risk tradeoffs associated with different debt management strategies.
- Emphasis on managing the risk exposure embedded in a debt portfolio, in particular the potential variation in debt servicing costs and its budgetary impact.
- Participants analyze cost-risk trade-offs of alternative debt management strategies, utilizing the MTDS analytical tool (MTDS AT) developed by the IMF and WB.
- Analysis takes into account:
  - composition of the debt portfolio,
  - macroeconomic indicators,
  - market conditions,
  - potential sources of financing,
  - linkages with the broader medium-term macroeconomic framework.

### Course objectives
- Describe the steps in developing an MTDS (the IMF-WB MTDS framework).
- Analyze the central government debt portfolio to identify the costs and risks inherent in the existing debt.
- Formulate different market risk scenarios (baseline and shock scenarios), adapting them to the country’s specific situation.
- Identify and assess various financing strategies under these scenarios and compare the cost/risk trade-offs involved.
- Use the quantitative MTDS analytical tool that accompanies the MTDS framework.
- Present the results of the analysis in a manner that enhances its value for policy purposes.
- Formulate a strategy that is in line with debt management objectives.

### Related IMF training context
- IMF offers online training to government officials and the public as part of its capacity development activities.
- Example training listings (for context within IMF training offerings):
  - Core Elements of Banking Supervision (CBS): English (French, Portuguese) | January 18-29, 2027 | In-person Training | Ebene, Mauritius
  - Advanced Government Finance Statistics (GFS-A): English (Arabic) | December 13-17, 2026 | In-person Training | Kuwait City, Kuwait
  - Fiscal Sustainability (FS): English (Arabic) | November 9-20, 2026 | In-person Training | Abu Dhabi, United Arab Emirates
  - Safeguards Assessments of Central Banks (SAC): English (French, Portuguese) | November 9-13, 2026 | In-person Training | Ebene, Mauritius

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## References

- [Online 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/ol/2024/mtdsxol24-200_