This workshop is for officials in low-income countries and targeted at staff from ministries of finance, debt agencies, central banks, and other government agencies responsible for providing advice or implementing macroeconomic and debt policies.
Some knowledge of economics is helpful. Basic Excel skills and access to a computer with a reliable Internet connection and a Google Chrome web browser are essential.
This joint IMF-World Bank workshop gives an in-depth introduction to the current debt sustainability framework for low-income countries (LIC-DSF) which was implemented in July 2018. The framework helps guide countries and donors in mobilizing the financing of LICs’ development needs, while reducing the chances of an excessive build-up of debt in the future. Sessions combine lectures on key features with demonstrations of the modules of the excel-based LIC-DSF framework covering linkages between the macroeconomic framework and debt dynamics, realism tools, stress tests, debt carrying capacity thresholds, the role of judgment, and the determination of final ratings. The workshop is supported by the IMF – World Bank Debt Management Facility III.
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.
- Prepare a risk-based DSA for a a low-income country.