Dates:                       5^th June – 14^th July 2017

Venue:                       On-line

Duration:                 6 weeks

Background:

The MEFMI Mid-term review of 2015 revealed that there is still high staff turnover in debt management offices, resulting from vertical and horizontal movements within and outside the civil service and central banks, which creates a continuous need for capacity building. At the same time, the financing landscape facing developing countries including those in the MEFMI region has been gradually changing since 2007, with decreasing financing from traditional multilateral and bilateral Paris Club creditors and increased borrowing from domestic markets, international capital markets, and emerging bilateral non-Paris Club creditors. While the development finance landscape has created new opportunities and options for countries to access diversified sources of finance for their development priorities, the shift has also created new challenges and risks for managing those flows. Hence, new capacities are required to cope with the dynamism in public debt management. The main objective of this course is to equip officials from member countries with requisite skills to enhance their effectiveness in managing public sector debt. The course will cover a wide range of contemporary and emerging domestic and external debt management issues.

Objectives:

• To introduce participants to the key tenets of public debt management, by providing a clear understanding of the fundamentals and emerging issues in public debt management; and
• To replenish skills and impart knowledge among a critical mass of country officials in debt management.

Course Content:

• Key concepts and issues in public debt management, such as the loan cycle, the debt creation and borrowing processes, sources of financing, and objectives of debt management;
• External and domestic debt definitions, concepts & calculations;
• Macroeconomic theory of borrowing, including relationships between fiscal and external accounts and debt;
• External and domestic borrowing processes;
• Assessment of public debt sustainability;
• Debt restructuring;
• Legal and institutional framework for public debt management, covering the role of different players in both external and domestic debt management.

Target Group:

This course targets junior to middle level staff from Ministries of Finance and Planning as well as Central Banks especially those that are relatively new to sovereign debt management. It will also benefit experienced staff who require a refresher on key principles and practices in public debt management.

Click here to download Nomination Form