Medium-Term Debt Management Strategy (MTDSx)
Source details
- Canonical URL
- Medium-Term Debt Management Strategy (MTDSx)
Other formats
Bibliographic details
- Session: OL 26.186
- Location: Course conducted online
- Dates: May 1, 2026 - April 15, 2027 (50 weeks)
- Delivery method: Online Training
- Primary language: Russian
- Status: Apply online by April 1, 2027
Program logistics
- Session No.: OL 26.186
- Location: Course conducted online
- Date: May 1, 2026 - April 15, 2027 (50 weeks)
- Delivery Method: Online Training
- Primary Language: Russian
- Qualifications: Some knowledge of economics is helpful. Basic Microsoft Excel skills and access to a computer with a reliable Internet connection and a Google Chrome web browser are essential.
Target audience
- All government officials are welcome to register.
- Particularly useful for officials from:
- debt management offices
- treasury departments
- ministries of finance
- ministries of economy
- central banks
- other government officials responsible for providing advice or implementing debt management policies
Course description
- Aim: build capacity to develop a medium-term debt management strategy (MTDS), contributing to improved public debt management.
- Explains the joint International Monetary Fund-World Bank (IMF-WB) MTDS framework.
- Provides comprehensive training on the accompanying analytical tool, MTDS AT.
- MTDS AT use cases:
- analyze quantitatively the cost-risk characteristics of an existing debt portfolio
- analyze cost-risk trade-offs of alternative financing strategies
- Participants learn to develop financing strategies by taking into account:
- composition of the existing debt portfolio
- developments in key macroeconomic and market conditions
- potential sources of financing
- linkages with broader medium-term macroeconomic framework, including debt sustainability
Course objectives
- Upon completion of the course, participants should be able to:
- 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.
- Design an annual borrowing plan for the first two years of the strategy period.
References