{
  "title": "Sovereign Risk and Debt Sustainability Framework for Market Access Countries",
  "sourceUrl": "https://www.imf.org/en/capacity-development/training/icdtc/schedule/st/2026/srdsf-macst26-22",
  "canonical": "https://www.imf.org/en/capacity-development/training/icdtc/schedule/st/2026/srdsf-macst26-22",
  "overlayPath": "/en/capacity-development/training/icdtc/schedule/st/2026/srdsf-macst26-22/index.md",
  "summary": "Sovereign Risk and Debt Sustainability Framework for Market Access Countries 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": "2025-11-11",
  "sections": [
    {
      "heading": "Training program overview",
      "content": "- Title: Sovereign Risk and Debt Sustainability Framework for Market Access Countries (SRDSF-MAC)\n- Status: Cancelled\n- Session No.: ST 26.22\n- Location: Singapore, Singapore\n- Date: October 26-30, 2026 (1 week)\n- Delivery Method: In-person Training\n- Primary Language: English"
    },
    {
      "heading": "Target audience and qualifications",
      "content": "- Target audience:\n  - 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).\n- Qualifications:\n  - Participants are expected to have a degree in economics or finance or equivalent work experience, and good quantitative skills.\n  - Participants' current job or responsibilities at work should be linked to the topic of the workshop."
    },
    {
      "heading": "Course description and content",
      "content": "- Purpose:\n  - The course presents the IMF's Sovereign Risk and Debt Sustainability Framework (SRDSF) for Market Access Countries (MACs) through presentations, discussions, and exercises.\n- Uses of the SRDSF (as taught in the course):\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 (participants are introduced 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- Learning methods:\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 these standardized outputs including the summary SRDSA table, debt structure charts, realism flags, stress tests, and 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": [
    "Title: Sovereign Risk and Debt Sustainability Framework for Market Access Countries (SRDSF-MAC)",
    "Status: Cancelled",
    "Session No.: ST 26.22",
    "Location: Singapore, Singapore",
    "Date: October 26-30, 2026 (1 week)",
    "Delivery Method: In-person Training",
    "Primary Language: English",
    "Target audience:",
    "Qualifications:",
    "Purpose:",
    "Uses of the SRDSF (as taught in the course):",
    "Course coverage (participants are introduced to):",
    "Learning methods:",
    "Explain the key inputs required to operationalize the SRDSF.",
    "Understand how standardized outputs of the SRDSA are broadly produced.",
    "Interpret these standardized outputs including the summary SRDSA table, debt structure charts, realism flags, stress tests, and 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."
  ],
  "alternates": {
    "markdown": "/en/capacity-development/training/icdtc/schedule/st/2026/srdsf-macst26-22/index.md",
    "json": "/en/capacity-development/training/icdtc/schedule/st/2026/srdsf-macst26-22/index.json",
    "bundleManifest": "/en/capacity-development/training/icdtc/schedule/st/2026/srdsf-macst26-22/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-29T20:49:21.303Z"
}