Medium-Term Debt Management Strategy (MTDSX)

This course is aimed at building capacity to develop a medium-term debt management strategy (MTDS), contributing to improved public debt management. It explains the joint International Monetary Fund-World Bank (IMF-WB) MTDS framework and provides comprehensive training on the accompanying analytical tool, MTDS AT. The MTDS AT is useful for analyzing quantitatively the cost-risk characteristics of an existing debt portfolio, as well as the cost-risk trade-offs of alternative financing strategies. Participants are taught how to develop financing strategies by taking account of  the composition of the existing debt portfolio, developments in key macroeconomic and market conditions, potential sources of financing, and linkages with broader medium-term macroeconomic framework, including debt sustainability.