Sovereign Risk and Debt Sustainability Framework (SRDSF-MAC)

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Sovereign Risk and Debt Sustainability Framework (SRDSF-MAC)

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Bibliographic details

• Session: SA 26.41
• Location: Colombo, Sri Lanka
• Dates: September 7-11, 2026 (1 week)
• Delivery method: In-person Training
• Primary language: English

Training program and target audience

• Training program offered by the IMF on the Sovereign Risk and Debt Sustainability Framework (SRDSF) for Market Access Countries (MACs).
• Target audience: Officials of ministries of finance and debt management offices of countries which apply the SRDSF for Market Access Countries (MACs).

Qualifications and participant profile

• Expected qualifications:
  • Degree in economics or finance or equivalent work experience.
  • Good quantitative skills.
  • Current job or responsibilities should be linked to the topic of the workshop.

Course description — scope and content

• Presents the IMF's SRDSF for Market Access Countries (MACs) through presentations, discussions, and exercises.
• Purposes of the SRDSF:
  • Guide countries' borrowing decisions to match their need for funds with their current and prospective ability to service debt, tailored to their specific circumstances.
  • Help assess a country's vulnerability to sovereign debt-related stress and identify policies to prevent potential stress from materializing in a timely manner.
  • Where public debt related stress has already materialized, help determine whether the stress can be resolved through a fiscal adjustment and/or additional financing, or if exceptional measures including a debt restructuring are needed.
• Course introduces participants to:

1. The theoretical foundations of the framework. 2. The SRDSF's forward-looking analysis of debt and debt service dynamics under a baseline scenario and in the context of plausible macroeconomic and financing shocks. 3. Standardized outputs.

• Pedagogical approach:
  • Participants work on exercises and real-life case studies and analyze MAC SRDSF outputs.
  • While the focus is not on mastering the Excel-based Sovereign Risk and Debt Sustainability Analysis (SRDSA) template, participants are exposed to some of its key features in a guided manner.

Course objectives — learning outcomes

Upon completion of the course, participants should be able to:

• Explain the key inputs required to operationalize the SRDSF.
• Understand how standardized outputs of the SRDSA are broadly produced.
• Interpret standardized outputs including:
  • the summary SRDSA table,
  • debt structure charts,
  • realism flags,
  • stress tests,
  • horizon-based and overall assessments.
• Apply effective concepts, definitions, and techniques for assessing sovereign debt risks.
• Exhibit satisfactory knowledge of the MAC SRDSF framework and toolkit.

References

• In-person Training
• Integrating Basel III Liquidity Standards with ILAAP A Framework for Effective Liquidity Risk Management
• Big Data for Macroeconomic Statistics (BDMS)
• Financial Development and Financial Inclusion (FDFI)