## Foreign Borrowing and Loan Negotiation

## Source details

**Canonical URL:** [Foreign Borrowing and Loan Negotiation](https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2026/pdm-sasa26-14)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/sa/2026/pdm-sasa26-14/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/sa/2026/pdm-sasa26-14/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/sa/2026/pdm-sasa26-14/bundle-manifest.json)

## Bibliographic details
- Session: SA 26.14
- Location: New Delhi, India
- Dates: February 23-27, 2026 (1 week)
- Delivery method: In-person Training
- Primary language: English
- Status: Deadline passed

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### Program overview and logistics
- Session No.: SA 26.14
- Deadline: Deadline passed
- Location: New Delhi, India
- Date: February 23-27, 2026 (1 week)
- Delivery Method: In-person Training
- Primary Language: English

### Target audience and qualifications
- Target Audience:
  - Officials of from debt management offices, ministries of finance, central banks, and related public institutions involved in external borrowing, loan negotiation, debt recording, risk analysis, or fiscal policy coordination
- Qualifications:
  - Participants should have basic knowledge of public finance or debt management and practical experience in sovereign borrowing, financial analysis, or public sector financial operations.
  - Familiarity with financial terminology and spreadsheet-based calculations is desirable.

### Course description
- Comprehensive, practice-oriented introduction to foreign borrowing and loan negotiation for officials involved in public debt management.
- Coverage includes the external loan lifecycle—from strategic planning and financing choices to contract design, risk management, negotiation, and restructuring.
- Instructional methods:
  - Lectures
  - Country case discussions
  - Quizzes
  - Hands-on exercises
- Emphases:
  - Skills to evaluate alternative financing options, assess costs and risks, interpret legal and financial terms, and manage operational challenges in external debt portfolios.
  - Institutional governance and coordination with fiscal and monetary authorities.
  - Creditor-specific negotiation dynamics and emerging instruments for risk mitigation.
- Program goal:
  - Strengthen decision-making capacity and promote sound, transparent, and sustainable external debt management practices.

### Course objectives
- Apply core principles of sound public debt management to foreign borrowing decisions.
- Analyze and compare external financing options based on cost, risk, maturity, and conditionality.
- Evaluate financial terms and legal clauses in loan agreements and identify key risks and safeguards.
- Manage currency, refinancing, and operational risks across the external loan lifecycle.
- Prepare effectively for loan negotiations and engage with different categories of creditors.
- Assess the role of guarantees, collateral, and innovative instruments in sovereign risk management.
- Understand restructuring options and their implications for debt sustainability.

---


## References

- [In-person Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Integrating Basel III Liquidity Standards with ILAAP A Framework for Effective Liquidity Risk Management](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/ce26-31)
- [Climate in Macroeconomic Framework (CMF)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/cmfat26-22)
- [Big Data for Macroeconomic Statistics (BDMS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/bdmsat26-27)
- [Financial Development and Financial Inclusion (FDFI)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/fdfiat26-24)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2026/pdm-sasa26-14_