## Debt Sustainability Framework for Low Income Countries (LIC DSFx)

## Source details

**Canonical URL:** [Debt Sustainability Framework for Low Income Countries (LIC DSFx)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2026/lic-dsfxol26-122)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/ol/2026/lic-dsfxol26-122/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/ol/2026/lic-dsfxol26-122/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/ol/2026/lic-dsfxol26-122/bundle-manifest.json)

## Bibliographic details
- Session: OL 26.122
- Location: Course conducted online
- Dates: May 1, 2026 - April 15, 2027 (50 weeks)
- Delivery method: Online Training
- Primary language: Portuguese
- Status: Apply online by April 1, 2027

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### Training program overview
- Session No.: OL 26.122
- Location: Course conducted online
- Date: May 1, 2026 - April 15, 2027 (50 weeks)
- Delivery Method: Online Training
- Primary Language: Portuguese
- Target audience: officials from ministries of finance, debt agencies, central banks, and other government agencies responsible for providing advice or implementing macroeconomic and debt policies.
- Qualifications: Some knowledge of economics would be helpful. Basic Microsoft Excel skills are essential.

### Course description
- Provides an overview of the World Bank-IMF Debt Sustainability Framework for Low Income Countries (LIC DSF).
- Explains purpose: help low-income countries achieve development goals while minimizing the risk of debt distress.
- Teaches interpretation of LIC DSF outputs presented in WB and IMF reports.
- Covers the step-by-step application of the LIC DSF:
  - Identify data requirements and the "realism tools" used for assessing the plausibility of macroeconomic projections.
  - Show how the LIC DSF computes a country's debt-carrying capacity for determining thresholds for debt-burden indicators.
  - Explain that when a debt-burden indicator breaches its threshold under either the baseline or stress test scenarios, this signals risk of debt distress.
  - Explore how judgment can be used to arrive at a final risk rating.

### Key analytical components and scenarios
- Data requirements: identification and assembly of data needed for the LIC DSF template.
- Realism tools: methods to assess plausibility of macroeconomic projections.
- Debt-carrying capacity: computed by the LIC DSF to determine thresholds for debt-burden indicators.
- Stress test scenarios: interpretation of LIC DSF stress test scenarios and how breaches of thresholds under baseline or stress tests signal risk of debt distress.
- Judgment: use of expert judgment to arrive at a final debt distress risk rating.

### Course objectives (upon completion)
- Identify data requirements for the use of the LIC DSF template.
- Identify the steps in the production of debt risk ratings for low-income countries.
- Analyze the LIC DSF realism tools.
- Interpret the LIC DSF stress test scenarios.
- Identify how the LIC DSF computes thresholds for debt-burden indicators.
- Interpret the outputs of the debt sustainability analysis for low-income countries, as presented in WB and IMF reports.

---


## References

- [Online Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Apply Now](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.122P)
- [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/ol/2026/lic-dsfxol26-122_