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Methodologies for Public Debt Sustainability Analysis using 2018 Revised DSA Framework Course

INTRODUCTION

The Debt Sustainability Framework (DSF), developed in 2005, is designed to guide the borrowing decisions of low-income countries in a way that matches their financing needs with their current and prospective ability to repay debt. It also allows creditors to tailor their financing terms in anticipation of future risks.

A key part of the framework is Debt Sustainability Analysis (DSA), a structured examination of a country's debt that debt experts from the IMF and World Bank conduct regularly in low-income and middle-income countries. Some of the focal points of these analyses are:

an analysis of a country’s projected debt burden over the next 20 years and its vulnerability to external and policy shocks;

an assessment of the risk of external debt distress in that time, based on indicative debt burden thresholds that depend on the quality of the country’s policies and institutions; and

Recommendations for a borrowing (and lending) strategy that limits the risk of debt distress.

DURATION

5 Days

WHO SHOULD ATTEND?

The workshop is targeted at the DSA team consisting of officials of Ministry of Finance, Central Banks and Ministry of planning, Budget offices, Controller and Accountant General's department, Bureau of Statistics offices, revenue authorities, fiscal responsibility commissions

COURSE OBJECTIVES

At the end of this IRES training seminar, you will learn to:

The aim of the workshop is to strengthen WAIFEM constituent countries DSA team's capability to apply the new DSA framework (DSF-LIC) methodology to develop their countries debt strategy and to do so on a regular basis.

TOPICS TO BE COVERED

  • Assessing the LIC (Lower Income Countries) DSF Performance
  • Assessing the Model Specification and Methodology Underpinning the LIC DSF
  • Strengthening the Statistical Model for Predicting Debt Distress
  • Classifying Countries by their Debt-carrying Capacity
  • Improving the Realism of Baseline Projections
  • Risk and Cost Profile of the Existing Debt
  • Cost of Debt
  • Refinancing risks
  • Interest rate risks
  • Exchange rate risk
  • Determining Mechanical Risk Signals
  • Analyzing Other Potential Risk Factors
  • The Application of Judgment
  • Drawing Conclusions on the Risk of Debt Distress
  • BASELINE MACROECONOMIC ASSUMPTIONS
  • Macroeconomic Assumptions
  • Fiscal Assumptions
  • Financing Assumptions
  • Balance of Payments Assumptions
  • DSA RESULTS AND ANALYSIS
  • stainability of External Public and Publicly Guaranteed Debt
  • External Debt Burden Indicators
  • Sustainability of Public Debt

METHODOLOGY

The instructor led trainings are delivered using a blended learning approach and comprise of presentations, guided sessions of practical exercise, web-based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.

All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.

ACCREDITATION

Upon successful completion of this training, participants will be issued with an Indepth Research Services (IRES) certificate.

TRAINING VENUE

The training is residential and will be held at IRES training Centre. The course fee covers the course tuition, training materials, two break refreshments, lunch, and study visits.

All participants will additionally cater for their, travel expenses, visa application, insurance, and other personal expenses.

ACCOMMODATION

Accommodation is arranged upon request. For reservations contact the Training Officer.

Email:  This email address is being protected from spambots. You need JavaScript enabled to view it.   

Mob: +254 715 077 817

Tel: 020 211 3814

TAILOR- MADE

This training can also be customized for your institution upon request to a minimum of 4 participants. You can have it delivered in our training centre or at a convenient location.

For further inquiries, please contact us on Tel: +254715077817, +254(020) 211 3814 or mail This email address is being protected from spambots. You need JavaScript enabled to view it.

PAYMENT

Payment should be transferred to IRES account through bank on or before C.O.B. 30th September2019.

Send proof of payment to This email address is being protected from spambots. You need JavaScript enabled to view it.

CANCELLATION POLICY

Payment for all courses includes a registration fee, which is non-refundable and equals 15% of the total sum of the course fee.

1.    Participants may cancel attendance 14 days or more prior to the training commencement date.

2.    No refunds will be made 14 days or less to the training commencement date. However, participants who are unable to attend may opt to attend a similar training at a later date, or send a substitute participant provided the participation criteria have been met.

Please Note: The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.

Event Properties

Event Duration 10 Days
Event Date 07-10-2019
Event End Date 18-10-2019
Cut off date 30-09-2019
Individual Price(Kenyan) KES 139,000
Individual Price (International) EUR 1,592
Individual Price(International in Dollars) USD 1,853
Location Nairobi, Kenya
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