TARGET GROUP | Junior to senior officials working in macro-fiscal policy / debt management units and officials in ministries and central banks dealing with the analysis of debt developments. Participants should have a degree in economics or equivalent work experience and some familiarity with using spreadsheets.
DESCRIPTION | The workshop 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.
• Conduct stress tests to public debt dynamics, including using fan charts.
• Compute and assess fiscal adjustment measures to achieve a user-defined public debt target.
• Understand and use the DDT to analyse public debt dynamics developments in their own country.
End: Mar 24
Sponsoring Organization: IMF
Application Deadline: By invitation only