## 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/mtdsxol26-204)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/ol/2026/mtdsxol26-204/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/ol/2026/mtdsxol26-204/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/ol/2026/mtdsxol26-204/bundle-manifest.json)

## Bibliographic details
- Session: OL 26.204
- Location: Course conducted online
- Dates: May 1, 2026 - April 15, 2027 (50 weeks)
- Delivery method: Online Training
- Primary language: English
- Status: Apply online by April 1, 2027 Deadline extended

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### 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
- Aimed at building 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.
- The MTDS AT is useful for analyzing quantitatively:
  - The cost-risk characteristics of an existing debt portfolio.
  - The cost-risk trade-offs of alternative financing strategies.
- Participants are taught to develop financing strategies by considering:
  - Composition of the existing debt portfolio.
  - Developments in key macroeconomic and market conditions.
  - Potential sources of financing.
  - Linkages with the 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.

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## 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=OL26.204E)
- [Executive Training 2 on Fiscal Policy Considerations (FPA)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/fpcce26-16)
- [Tax Regional Workshop on Strategic Management](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/taxce26-43)
- [Institutional Sector Accounts-Advanced - Blended (ISA-A)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/hq/2027/isa-ahq27-02)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2026/mtdsxol26-204_