English

Debt Sustainability Analysis (DSAx)

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Apply online by December 15, 2017
Course No.: OL 17.116
Location: Course Conducted Online, United States
Date: October 2, 2017-December 29, 2017 (13 Weeks)
Language: English

Target Audience:

All government officials are welcome to register. This course is particularly relevant for officials from ministries of finance, debt agencies, central banks, or other government agencies of IMF member countries responsible for providing advice or implementing macroeconomic and debt policies. The course is offered in English.

Qualifications:

Some knowledge of economics would be helpful. Access to a computer with a reliable Internet connection with Google Chrome web browser and basic Excel skills are essential.

Course Description:

This online course, presented by the IMF's Institute for Capacity Development; Strategy, Policy, and Review Department; Fiscal Affairs Department; Research Department; and Monetary and Capital Markets Department, in collaboration with the World Bank, aims at providing a comprehensive overview of the IMF-World Bank frameworks for debt sustainability analysis and debt management. The course has a modular structure and allows earning a signed certificate for the entire course or auditing one or several modules.

The modules include:
- the key concepts of debt sustainability and the role of macroeconomic policies;
- debt sustainability framework for countries with market access;
- debt sustainability framework for low-income countries;
- a Medium-Term Debt Management Strategy (MTDS) framework; and
- debt sustainability analysis under uncertainty.

This course, with an expected workload of 40-50 hours, is offered as a self-paced course over 13 weeks. There are no weekly deadlines; computer-based assignments must be completed by the course end date of December 29, 2017.

Course Objectives:

Upon completion of this course, participants should be able to:- Identify different types of debt and the dangers of high debt.- Describe the key concepts of debt sustainability analysis.- Prepare a risk-based DSA for a country with access to financial markets.- Prepare a DSA for a low-income country with concessional debt.- Discuss the development of strategies for managing debt under the MTDS framework.- Analyze uncertainty surrounding debt sustainability assessments.

Important Note for Online Courses:

For Online Learning (OL) courses, which are delivered through the edX platform, you will need an additional piece of information to register: you will be prompted for your edX.org username. If you do not already have a username, please go to https://courses.edx.org/register and sign up for a free account. Once you have created an account, you may complete the IMF Institute application. If you already have an edX account, your username can be found on the top right of the screen after logging in.

Important Note for Internal Economics Training Courses:

Internal Economics Training (IT) courses are self-financed. The IMF will not charge officials for attending courses. However, all travel, insurance, hotel, and living costs will need to be covered by the agency sponsoring the participants.