Fiscal Sustainability - Virtual


TARGET GROUP | Junior to senior officials with some intermediate fiscal background who are interested in understanding the principles of public debt dynamics and fiscal adjustment paths. Participants are expected to have a degree in economics or equivalent work experience and some familiarity with using spreadsheets.


DESCRIPTION | This course, presented by the IMF´s Institute for Capacity Development, looks at fiscal sustainability in a practical, hands-on way in a post-COVID world. It applies the newly developed Excel-based public Debt Dynamics Tool (DDT) to project public debt, compute fiscal adjustment paths, perform pre-defined and tailor-made stress tests, and present results in a standardized format. The course also discusses indicators of debt sustainability and risks of debt distress and includes long-term fiscal pressures.


OBJECTIVES | Upon completion of this course, participants should be able to: Compute public debt dynamics (i.e., the evolution of public debt over time) under a baseline and alternative scenarios. Identify the main drivers of public debt changes. Discuss fiscal vulnerabilities, distinguishing between near-term risks and long-term pressures. Compute and assess fiscal adjustment measures to achieve a public debt target. Differentiate between various debt sustainability analysis (DSA) frameworks. Understand and use the DDT to analyze public debt dynamics developments in their own country.


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Course Details

Start: 20210111Jan 11
End: 20210121Jan 21

Language: Eng/Pyc

Sponsoring Organization: IMF

Application Deadline: December 16, 2020

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