Background

The debt sustainability frameworks are crucial for maintaining financial stability and promoting sustainable development. These frameworks help identify and manage debt vulnerabilities, guide lending decisions, and inform policy recommendations. They also play a vital role in preventing and resolving debt crises, ensuring that countries can meet their financial obligations without compromising economic stability or social progress. Therefore, it is important to keep member countries abreast with recent developments of tools to analyse public debt. The recently launched IMF SRDSF introduces improvements in organization, methodology, transparency, and communication when analysing public debt issues in countries that mainly finance themselves with market-based debt.

In this regard, MEFMI in collaboration with the IMF will offer this regional training on the recently launched Sovereign Risk and Debt Sustainability Framework for Market Access Countries (MAC SRDSF) to train officials in the region to analyse public debt and provide support to identify vulnerabilities to sovereign stress and inform policy measures needed to deliver medium-term debt sustainability.

Objectives

To impart knowledge and develop skills of participants on the use of the IMF Sovereign Risk and Debt Sustainability Framework (SRDSF) to conduct debt sustainability analysis.

Course Content

The course will cover the following topics:

• Overview of the Sovereign Risk and Debt Sustainability Framework (SRDSF)

• Debt Coverage and Disclosure, Structure, And Baseline Scenario

• Realism Tools

• Near-Term Risk Assessment

• Medium-Term Risk Assessment

• Long- Term Risk Assessment

• Bottom-Line Assessments on Risks of Sovereign Stress and Debt Sustainability

• DSA Requirements and Publication

Target Group

The target group is middle level officials responsible for middle office functions of debt management in Ministries of Economy, Finance, Economic Planning and Development, and Central Banks. In addition, this course would greatly benefit officials working in the macroeconomic planning and economic policy research departments, especially those involved in macroeconomic forecasting. The following middle-income member countries are eligible to attend this course: Namibia, Botswana, Angola and Eswatini.