TARGET GROUP | Providers of technical assistance in debt management and government officials. Priority will be given to low-income country government officials.
DESCRIPTION | Developing countries face various policy, institutional, and operational challenges due to weak debt management capacity and lack of efficient debt markets. The Medium-Term Debt Management Strategy (MTDS) is a framework developed jointly by the World Bank and IMF to provide guidance for formulating and implementing a debt management strategy for the medium term. It is useful for assessing the performance of a government’s cost and risk tradeoffs associated with alternative debt management strategies. This one-week course will combine lectures and hands-on exercises using a spreadsheet analytical tool to illustrate how a medium-term debt management strategy can be developed, taking into account a country’s macroeconomic constraints and the market environment. The course format includes presentations and hands-on case studies with discussions on operational applications. Participants must have prior knowledge of Excel.