Connect with IMF Institute

Sovereign Risk and Debt Sustainability Framework for Market Access Countries (SRDSF-MAC)

Deadline passed

Session No.: ST 24.28

Location: Singapore, Singapore

Date: October 14-18, 2024 (1 week)

Delivery Method: In-person Training

Primary Language: English

    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. Participants are expected to have a degree in economics or finance, or equivalent work experience, and good quantitative skills. Participants' current responsibilities should be linked to the topic of the workshop.

    Back to top

    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.

    Back to top

    Course Description

    This one-week course presents the IMF's Sovereign Risk and Debt Sustainability Framework (SRDSF) for Market Access Countries (MACs) through presentations, discussions, and exercises. The SRDSF can guide countries' borrowing decisions to match their need for funds with their current and prospective ability to service debt, tailored to their specific circumstances. The framework can 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, the framework can 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. The course will introduce participants 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, and (3) standardized outputs. Participants will work on exercises and reallife case studies and analyze MAC SRDSF outputs. While the focus of the course is not on mastering the Excel-based Sovereign Risk and Debt Sustainability Analysis (SRDSA) template, participants will be exposed to some of its key features in a guided manner.

    Back to top

    Course Objectives

    Upon completion of this 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 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.

    Back to top

    Apply Now - Application deadline approaching:

    IMF offers online training to government officials and the public. Click Learn more to find our current offerings.

    Implementing Effective Regulation and Supervision of Climate-related Financial Risks

    English | January 27-31, 2025 | In-person Training | Colombo, Sri Lanka

    Apply online by December 23, 2024

    Central Bank Digital Currencies (CBDC)

    English | February 3-7, 2025 | In-person Training | New Delhi, India

    Apply online by December 23, 2024

    Debt Sustainability Framework for Low-Income Countries - LIC-DSF

    French | January 20-24, 2025 | In-person Training | Ebene, Mauritius

    Apply online by December 23, 2024