## Medium-Term Debt Management Strategy (MTDSx)

## Source details

**Canonical URL:** [Medium-Term Debt Management Strategy (MTDSx)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2026/mtdsxol26-186)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/ol/2026/mtdsxol26-186/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/ol/2026/mtdsxol26-186/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/ol/2026/mtdsxol26-186/bundle-manifest.json)

## 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

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### 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

- [Online Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Apply Now](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.186R)
- [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/mtdsxol26-186_