Advanced Course on Domestic Debt Management and Analytical Tools

Advanced Course on Domestic Debt Management and Analytical Tools

This course lays out the underpinnings of debt sustainability analysis; introduces a probabilistic approach to assessing debt sustainability; examines how to balance the needs for development with debt sustainability concerns focusing on public investment-growth nexus; teaches the new debt sustainability frameworks for the economies that can access the financial markets as well as for the countries that benefit from long-term concessional financing using real country data; and presents the updated and refined Medium-Term Debt Management Strategy to help ensure sustainable debt. Debt management strategy sets out the financing composition path to meet the debt management objective(s). The profile of future interest payments and the amortizations of new debt are driven by the debt management strategy. its based on annual cash flow. Although this assumption is enough for analyzing alternative debt management strategies, in some cases, particularly for countries that are heavily dependent on short-term securities with maturities of less than a year, it would be helpful to work with cash flows with higher frequency. Provide an in-depth understanding of debt sustainability and public debt management and to equip participants with knowledge on the meaning and implications of contingent liability and risk management.