## Sovereign Risk and Debt Sustainability Framework for Market Access Countries

## Source details

**Canonical URL:** [Sovereign Risk and Debt Sustainability Framework for Market Access Countries](https://www.imf.org/en/capacity-development/training/icdtc/schedule/st/2024/srdsf-macst24-28)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/st/2024/srdsf-macst24-28/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/st/2024/srdsf-macst24-28/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/st/2024/srdsf-macst24-28/bundle-manifest.json)

## Bibliographic details
- Session: ST 24.28
- Location: Singapore, Singapore
- Dates: October 14-18, 2024 (1 week)
- Delivery method: In-person Training
- Primary language: English
- Status: Deadline passed

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### Target audience and qualifications
- 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:
  - Expected to have a degree in economics or finance, or equivalent work experience.
  - Good quantitative skills.
  - Current job or responsibilities at work should be linked to the topic of the workshop.
  - Participants' current responsibilities should be linked to the topic of the workshop.

### Course description
- 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:
  - 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 coverage:
  - Theoretical foundations of the framework.
  - 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.
  - Standardized outputs.
  - Exercises and real-life case studies analyzing MAC SRDSF outputs.
  - 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).

### Learning outcomes and competencies
Upon completion of the workshop, 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.

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## References

- [In-person Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Supply and Use Tables and Input Output Tables](https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2026/sutsa26-39)
- [Macroeconomic Management in Resource Rich Countries (MRC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/mrcce26-44)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/st/2024/srdsf-macst24-28_