{
  "title": "Sovereign Risk and Debt Sustainability Framework for Market Access Countries",
  "sourceUrl": "https://www.imf.org/en/capacity-development/training/icdtc/schedule/st/2024/srdsf-macst24-28",
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  "summary": "Sovereign Risk and Debt Sustainability Framework for Market Access Countries Training Program Qualifications Participants are expected to have a degree in economics or finance or equivalent work experience, and good quantitative skills.",
  "publishDate": "2024-11-27",
  "sections": [
    {
      "heading": "Target audience and qualifications",
      "content": "- Target audience: Officials of Ministries of Finance and Debt Management Offices of countries that apply the Sovereign Risk and Debt Sustainability Framework for Market Access Countries.\n- Qualifications:\n  - Expected to have a degree in economics or finance, or equivalent work experience.\n  - Good quantitative skills.\n  - Current job or responsibilities at work should be linked to the topic of the workshop.\n  - Participants' current responsibilities should be linked to the topic of the workshop."
    },
    {
      "heading": "Course description",
      "content": "- One-week course presenting the IMF's Sovereign Risk and Debt Sustainability Framework (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 coverage:\n  - Theoretical foundations of the framework.\n  - 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  - Standardized outputs.\n  - Exercises and real-life case studies analyzing MAC SRDSF outputs.\n  - Exposure to key features of the Excel-based Sovereign Risk and Debt Sustainability Analysis (SRDSA) template in a guided manner (note: course focus is not mastery of the SRDSA template)."
    },
    {
      "heading": "Learning outcomes and competencies",
      "content": "Upon completion of the workshop, 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": [
    "Target audience: Officials of Ministries of Finance and Debt Management Offices of countries that apply the Sovereign Risk and Debt Sustainability Framework for Market Access Countries.",
    "Qualifications:",
    "One-week course presenting the IMF's Sovereign Risk and Debt Sustainability Framework (SRDSF) for Market Access Countries (MACs) through presentations, discussions, and exercises.",
    "Purposes of the SRDSF:",
    "Course coverage:",
    "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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  },
  "generatedAtUtc": "2026-09-29T20:41:05.791Z"
}