## 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/2026/srdsf-macst26-22)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/st/2026/srdsf-macst26-22/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/st/2026/srdsf-macst26-22/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/st/2026/srdsf-macst26-22/bundle-manifest.json)

## Bibliographic details
- Session: ST 26.22
- Location: Singapore, Singapore
- Dates: October 26-30, 2026 (1 week)
- Delivery method: In-person Training
- Primary language: English

---

### Training program overview
- 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 and qualifications
- 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).
- Qualifications:
  - Participants are expected to have a degree in economics or finance or equivalent work experience, and good quantitative skills.
  - Participants' current job or responsibilities at work should be linked to the topic of the workshop.

### Course description and content
- Purpose:
  - The course presents the IMF's Sovereign Risk and Debt Sustainability Framework (SRDSF) for Market Access Countries (MACs) through presentations, discussions, and exercises.
- Uses of the SRDSF (as taught in the course):
  - 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 (participants are introduced 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.
- Learning methods:
  - 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 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.

---


## References

- [In-person Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Financial Market Infrastructures: Principles and Practices (FMI-PP)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/fmi-ppce26-27)
- [Central Bank Balance Sheet and Policy Solvency (CBBST)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2026/cbbstsa26-35)
- [Fiscal Frameworks (FF)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/ffat26-18)
- [Leveraging Artificial Intelligence and Machine Learning to Enhance Customs Operations](https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2026/cadsa26-36)
- [Advanced Topics in Bank Supervision (BSO)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2026/bsosa26-38)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/st/2026/srdsf-macst26-22_