Fiscal Sustainability-Debt Sustainability Framework for Low Income Countries (FS)
Target Audience
Junior- to senior-level officials with some intermediate fiscal background, who are interested in understanding and applying a fiscal sustainability analysis and its applications in the context of country-specific macro-fiscal environments.
Qualifications
Participants are expected to have a degree in economics or equivalent experience, along with some experience using spreadsheets. It is highly recommended that the online course on LIC Debt Sustainability Framework (LIC-DSF) be completed.
Course Description
This course, presented by the IMF's Institute for Capacity Development, looks at fiscal sustainability as a key requirement to achieve macroeconomic stability and ensure sustainable long-term growth and equity. It provides a thorough overview of how to assess fiscal sustainability from a policy and tools perspectives. It presents and discusses tools to understand fiscal risks and early warning indicators used by the IMF and sovereign debt management strategies. It also covers policy issues related to fiscal risk and the impact of various contingent liabilities (such as Public Private Partnerships - PPPs) on the long-term fiscal position.
Course Objectives:
Upon completion of this course, participants should be able to:
- Describe why fiscal sustainability is key to macroeconomic stability and sustainable growth.
- Characterize key concepts, definitions and techniques for fiscal sustainability analysis.
- Understand the Debt Sustainability Framework for Low-Income Countries.
- Identify near- and long-term risks and fiscal vulnerabilities.
- Prepare a risk-based Debt Sustainability Analysis (DSA) for the case of a low income country.
