Details
Start:
Jun 15, 2020
End:
Jun 26, 2020
Course Number:
ST20.18
Application Deadline:
Jan 17, 2020
Fiscal Sustainability (FS)
Target Audience
Junior to senior officials with some intermediate fiscal background who are interested in understanding and applying fiscal sustainability analysis and how it may relate to the country-specific macrofiscal environment.
Qualifications
Participants are expected to have a degree in economics or equivalent work experience and some familiarity with using spreadsheets. It is highly recommended that applicants first complete all or several modules of the online course on Debt Sustainability
Course Description
This course, presented by the Institute for Capacity Development, looks at fiscal sustainability as a requirement for macroeconomic stability and sustainable and inclusive long-term growth. It provides a thorough overview of how to assess fiscal sustainability from a policy and tools perspective. The course also discusses long-term fiscal pressures as well as fiscal risks and the early warning indicators used by the IMF and covers debt management strategies. Special attention is given to fiscal crises and the subsequent fiscal adjustments.
Course Objectives
Upon completion of this course, participants should be able to:
- Describe why fiscal sustainability is central to macroeconomic stability and sustainable growth.
- Apply effective concepts, definitions, and techniques for analyzing fiscal sustainability.
- Identify fiscal vulnerabilities, distinguishing between near-term risks and long-term pressures.
- Analyze crisis and fiscal adjustment cases.
- Differentiate between various debt sustainability analysis (DSA) frameworks.
- Prepare a DSA for a country with access to financial markets or for a low-income country.
