Debt Sustainability Analysis (DSAx)

Target Audience

This special offering of the DSAx is conducted as a Massive Open Online Course (MOOC). It is open to all audiences. Participation is free. All government officials are encouraged to register. This course is particularly relevant for officials from ministries of finance, debt agencies, central banks, or other government agencies involved in advice or implementation of macroeconomic and debt policies.

Requirements/Qualifications

Access to a computer with a reliable Internet connection using Google Chrome web browsers and proficiency in Excel are essential.

Course Description

This course is presented by the IMF's Institute for Capacity Development, Strategy Policy and Review Department, Monetary and Capital Markets Department, Fiscal Affairs Department, and Research Department. It aims to provide a comprehensive overview of debt sustainability analysis and a medium-term debt management strategy framework as performed by the IMF and the World Bank.

The course will

• introduce the main principles of debt sustainability
• cover recently updated DSA frameworks-both for advanced and emerging markets and for low-income countries-with an emphasis on country data
• present a medium-term debt management strategy (MTDS) framework; and
• illustrate debt sustainability analysis under uncertainty.

The course features short video lectures interspersed with interactive exercises and includes a discussion forum to allow participants to network and discuss the course content. Weekly assignments will be computer-graded and subject to strict deadlines. The expected workload is 6-9 hours a week.