Debt Sustainability Analysis

BY
International Monetary Fund via Edx

Enrol in the Debt Sustainability Analysis course by edX to learn about effective debt management and assessing debt sustainability.

Lavel

Intermediate

Mode

Online

Duration

6 Weeks

Fees

Free

Quick Facts

particular details
Medium of instructions English
Mode of learning Self study
Mode of Delivery Video and Text Based
Learning efforts 6-8 Hours Per Week

Course overview

What renders a country’s debt unsustainable? How do we evaluate the debt sustainability of external and public debt? How do countries manage their debt portfolio? The Debt Sustainability Analysis online course aims to answer all of these questions and more. With this course, you’ll get an extensive overview of a medium-term debt management strategy and debt sustainability analysis (DSA).

Spanning six weeks, the Debt Sustainability Analysis programme will first tackle the main principles of debt analysis. Next, the syllabus will cover recently updated DSA frameworks and how to present a medium-term debt management strategy. The course will conclude by illustrating debt sustainability analysis under uncertainty.

Debt Sustainability Analysis training is offered by the International Monetary Fund, along with financial support from the Debt Management Facility (DMF). It also receives support from the Government of Japan. Completing this course and gaining the certificate will provide you with a medium to showcase your skills and improve your career prospects.

The highlights

  • Requires 6-8 hours of effort per week
  • An intermediate course in Economics and finance
  • Free enrollment available
  • Verified certificate by edX and IMF
  • An IMF offering
  • Self-paced course
  • English video transcripts

Program offerings

  • Weekly assignments
  • English subtitles and transcripts
  • Self-paced learning
  • Verified certificate
  • Free enrollment

Course and certificate fees

Type of course

Free

The Debt Sustainability Analysis certificate is priced at Rs.2,095. You can also audit the course for free.

Debt Sustainability Analysis fee structure

Course option

Fee in INR

Debt Sustainability Analysis – Audit only

Free

Debt Sustainability Analysis – Certificate

Rs.2,095

certificate availability

Yes

certificate providing authority

International Monetary Fund

certificate fees

₹2,095

Eligibility criteria

To get the most out of the Debt Sustainability Analysis online training, it’s recommended to have some knowledge of macroeconomics. It’s also best to know your way around MS Excel since some course exercises incorporate the software.

What you will learn

Knowledge of economics

On completion of the Debt Sustainability Analysis course by edX, you'll have complete knowledge of the following: 

  • Definitions of debt sustainability
  • About debt sustainability under uncertainty
  • How to develop debt management strategies
  • Macroeconomic variables that impact a country’s debt

The syllabus

Part 1: Principles of Debt Sustainability

  • Structure and Learning Objectives
  • Defining Debt Sustainability
  • Why Is Debt Sustainability Important?
  • Public Debt Sustainability in a Closed Economy: Part 1 
  • Public Debt Sustainability in a Closed Economy: Part 2 
  • Public Debt Sustainability in an Open Economy 
  • Chipping Away at Public Debt 
  • The Role of Macroeconomic Policies 
  • External Debt Sustainability 
  • Deriving the External Debt Law-of-Motion 
  • Final Assignment 
  • Final Remarks

Part 2: Public Debt Sustainability Framework for Market-Access Countries

  • Structure and Learning Objectives 
  • Debt Sustainability in Market-Access Countries (MACs) 
  • Data: Coverage, Issues, Sources 
  • The Baseline Scenario 
  • The realism of the Baseline Assumptions 
  • Dealing with Uncertainty 1: Alternative Scenarios 
  • Dealing with Uncertainty 2: Customised Scenarios and Fan Charts 
  • Contingent Liabilities
  • Vulnerabilities Stemming from the Debt Level and Financing Profile
  • Assessment and Write-Up
  • Supplementary Materials
  • Final Assignment
  • Final Remarks

Part 3: Debt Sustainability Framework for Low-Income Countries

  • Structure, Learning Objectives, and Overview
  • Concessionality of Debt 
  • LIC DSA Template 
  • Data and Projections for the LIC Template 
  • PPG External Debt Projections 
  • Output from the External DSA 
  • Assessing External Risks
  • Unit 8: Factors That You Must Consider 
  • Unit 9: Drawing a Conclusion
  • Unit 10: DSAs in Practice
  • Final Assignment 
  • Final Remarks

Part 4: Medium-Term Debt Management Strategy Framework

  • Introduction: The MTDS Framework 
  • Identify Objectives and Scope (MTDS Step 1) 
  • Identify Costs & Risks of the Existing Debt (MTDS Step 2) 
  • Identify Potential Sources of Financing (MTDS Step 3) 
  • Identify Baseline Projections & Review Long-Term Structural Factors (MTDS Steps 4 & 5) 
  • Prices and Risks (MTDS Steps 4 & 5)
  • Setting Up Alternative Strategies (MTDS Steps 6 & 7) 
  • Evaluating Alternative Strategies (MTDS Steps 6 & 7) 
  • Proposal and Implementation (MTDS Step 8)
  • MTDS in Practice
  • Final Assignment

Part 5: Debt Sustainability Analysis under Uncertainty

  • Learning Objectives and Structure of Part 5
  • The Importance of Fiscal Behavior 
  • Fiscal Behavior and Sustainability: a Model 
  • Fiscal Behavior and Sustainability Under Uncertainty
  • Stochastic Simulations: Introduction
  • Introducing VARs 
  • A Framework for Stochastic DSA 
  • Fan Charts and Probabilistic Sustainability Indicators 
  • Case Study: a Simple Application of Stochastic Methods
  • Wrapping up
  • Final Assignment

Admission details

  • Open the Debt Sustainability Analysis programme page on the course site.
  • Register for a new account or sign in if you already have an edX profile
  • Click on the ‘Enroll Now’ button if available. If a session is not available, or if the course is archived, you’ll have to wait until the programme reopens.
  • When the programme is open for enrollment, click the ‘Enroll for now’ option, and choose between the paid or free option.
  • With the free option, you get direct access. However, with the paid option, you’ll first have to pay the fee, only after which you’ll get access.

Filling the form

A simple sign-in is sufficient to enrol in this course. However, if you don’t have an account to sign in to, you need to create a new one by generating a new password and username and furnishing details like email address, your name, and the name of your country. Alternatively, the option of signing up through your Google ID, Microsoft ID, or Facebook profile is also available.

How it helps

The Debt Sustainability Analysis benefits include an extensive curriculum, hands-on exercises, expert faculty, and high-quality video lectures. You also get a self-paced learning experience, meaning you won’t have to worry about following a schedule or meeting deadlines. 

Finally, you can also earn a certificate, which will help you display your newly acquired skills and knowledge and help you advance in your career.

Instructors

Ms Irina Yakadina
Senior Economist
International Moneta...

Ph.D

Ms Adina Popescu
Economist
International Moneta...

Ph.D

Ms Machiko Narita
Economist
International Moneta...

Ph.D

Ms Maria Oliva
Senior Economist
International Moneta...

Other Bachelors, Ph.D

Mr Xavier Debrun
Deputy Division Chief
International Moneta...

Ph.D

FAQs

Which organisation has edX collaborated with to provide this course?

IMF is the partner institution edX has collaborated with to offer this course.

Does admission require filling any forms?

No application form is required to enroll in this course.

Can I receive a refund?

Yes, if you’ve already paid for the certificate track, you can receive a refund within 14 days from the payment date.

Who will teach the Debt Sustainability Analysis course?

Irina Yakadina, Machiko Narita, Maria Oliva, and Adina Popescu from the International Monetary fund will teach this course.

In which language are video lectures delivered?

The video lectures are presented in English.

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