TARGET GROUP | 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. 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 Analysis, DSAx, before taking this course.
DESCRIPTION | This two-week course, presented by the IMF’s 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. It discusses fiscal risks and the early warning indicators used by the IMF and covers debt crises, debt management strategies, contingent liabilities, and long-term fiscal challenges.
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 near- and long-term risks and fiscal vulnerabilities
• Analyze crisis and fiscal adjustment cases
• Differentiate various debt sustainability analysis (DSA) frameworks
• Prepare a risk-based public DSA for a country with access to financial markets