{
  "title": "Sovereign Risk and Debt Sustainability Framework (SRDSF-MAC)",
  "sourceUrl": "https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2026/srdsf-macsa26-41",
  "canonical": "https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2026/srdsf-macsa26-41",
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  "summary": "Sovereign Risk and Debt Sustainability Framework Training Program Target Audience Officials of ministries of finance and debt management offices of countries which apply the Sovereign Risk and Debt Sustainability Framework (SRDSF) for Market Access Countries (MACs).",
  "publishDate": "2026-07-27",
  "sections": [
    {
      "heading": "Training program and target audience",
      "content": "- Training program offered by the IMF on the Sovereign Risk and Debt Sustainability Framework (SRDSF) for Market Access Countries (MACs).\n- Target audience: Officials of ministries of finance and debt management offices of countries which apply the SRDSF for Market Access Countries (MACs)."
    },
    {
      "heading": "Qualifications and participant profile",
      "content": "- Expected qualifications:\n  - Degree in economics or finance or equivalent work experience.\n  - Good quantitative skills.\n  - Current job or responsibilities should be linked to the topic of the workshop."
    },
    {
      "heading": "Course description — scope and content",
      "content": "- Presents the IMF's SRDSF for Market Access Countries (MACs) through presentations, discussions, and exercises.\n- Purposes of the SRDSF:\n  - Guide countries' borrowing decisions to match their need for funds with their current and prospective ability to service debt, tailored to their specific circumstances.\n  - Help assess a country's vulnerability to sovereign debt-related stress and identify policies to prevent potential stress from materializing in a timely manner.\n  - 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.\n- Course introduces participants to:\n  1. The theoretical foundations of the framework.\n  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.\n  3. Standardized outputs.\n- Pedagogical approach:\n  - Participants work on exercises and real-life case studies and analyze MAC SRDSF outputs.\n  - 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."
    },
    {
      "heading": "Course objectives — learning outcomes",
      "content": "Upon completion of the course, participants should be able to:\n- Explain the key inputs required to operationalize the SRDSF.\n- Understand how standardized outputs of the SRDSA are broadly produced.\n- Interpret standardized outputs including:\n  - the summary SRDSA table,\n  - debt structure charts,\n  - realism flags,\n  - stress tests,\n  - horizon-based and overall assessments.\n- Apply effective concepts, definitions, and techniques for assessing sovereign debt risks.\n- Exhibit satisfactory knowledge of the MAC SRDSF framework and toolkit."
    }
  ],
  "bullets": [
    "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).",
    "Expected qualifications:",
    "Presents the IMF's SRDSF for Market Access Countries (MACs) through presentations, discussions, and exercises.",
    "Purposes of the SRDSF:",
    "Course introduces participants to:",
    "Pedagogical approach:",
    "Explain the key inputs required to operationalize the SRDSF.",
    "Understand how standardized outputs of the SRDSA are broadly produced.",
    "Interpret standardized outputs including:",
    "Apply effective concepts, definitions, and techniques for assessing sovereign debt risks.",
    "Exhibit satisfactory knowledge of the MAC SRDSF framework and toolkit."
  ],
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    "json": "/en/capacity-development/training/icdtc/schedule/sa/2026/srdsf-macsa26-41/index.json",
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  },
  "generatedAtUtc": "2026-09-29T20:15:32.202Z"
}