Training

The DMF offers a range of regional and country-tailored workshops that are complemented with other on-line courses and interactive tools such as the LIC DSF Interactive Tool and MTDS Interactive Tool. This combination of different training methods enables effective and efficient capacity building. Between 2008 and 2018, the Facility delivered 154 face-to-face training events, reaching 3000+ participants and three new online training courses (DSAx, DSLx, and DeMPA) reaching more than 1500 participants.

DMF Trainings
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For further information about participating in any training please contact: dmf@worldbank.org
 
Face-to-Face Trainings
Debt Management Performance Assessment (DeMPA)
This five-day workshop provides a comprehensive set of indicators for assessing debt management performance that is based on sound practices in government debt management. By the end of the workshop, the participants will be informed about:
(i) the main areas of performance measurement while evaluating the central government debt activities, (ii) application techniques for evaluating debt management performances, (iii) cross-country experience, and recent trends in sound debt management practices at the central government level.
The course format includes presentations and hands-on case studies with discussions about the operational application of the DeMPA. The DeMPA training is also available on-line as a self-paced alternative.
 
Medium Term Debt Management Strategy (MTDS)
This five-day workshop aims to strengthen capacity in analyzing the characteristics of a government debt portfolio and develop a strategy. By the end of the workshop, participants will have an improved understanding of:
(i) setting the objectives and the debt data perimeter underpinning the strategy; (ii) understanding the concepts and measures of costs and risks; (iii) assessing costs, risks and market-developments associated with different financing; (iv) analyzing macroeconomic outlook and long-term structural factors; (v) identifying potential financing strategies with desirable cost-risk characteristics; (vi) learning to manipulate the MTDS analytical tool; (vii) drafting and disseminating the strategy document.
The training alternates between lectures, country case presentations, and hands-on exercises to lead the participants through the different stages of the strategy development process to formulate their own medium-term debt management strategies. This workshop is also available in a refresher module to familiarize participants with the new features of the 2017 MTDS analytical tool (cash buffers, liability management operations, and inflation-linked bonds).
 
Domestic Debt Market Development
This five-day workshop aims to build capacity in domestic borrowing program fundamentals. Upon completion of this training, participants will develop a broad understanding of:
(i) instrument choice, volumes, maturity, and pricing; (ii) issuance mechanisms, timing, and planning; (iii) primary dealer framework; (iii) secondary bond market liquidity; (iv) investor base considerations; (v) liability management operations; (vi) communication strategy and interaction with market participants; (vii) using the Issuance Planning Analytical Tool (IPAT), to help simulate and compare issuance plans and monitor progress in the issuance plan implementation.
In addition to lectures and case studies, the participants will enjoy the opportunity to share their experiences and discuss policies to deepen their local debt markets.
 
Debt Sustainability Framework for Low-Income Countries (LIC DSF)
This five-day workshop familiarizes the participants with the new LIC DSF approved by the Boards of the World Bank and IMF in September 2017 and with the new LIC DSF tool which has been launched in July 2018. The workshop aims to introduce participants to:
 (i) standardized forward-looking analysis of the debt and debt service dynamics under a baseline scenario and in the face of plausible shocks; (ii) the new tailored stress tests and realism tools introduced by the revised framework; (iii) the assessment of debt sustainability in relation to indicative country-specific debt burden thresholds; and (iv) the use of judgment to arrive at the final assessment of the risk of debt distress. 
Throughout the training, these concepts are elaborated through presentations and a case study that exposes the participants to the new Debt Sustainability Analysis for Low-Income Countries.
 
Market Access Country Debt Sustainability Analysis (MAC-DSA)
This five-day workshop delivers customized training to the Ministry of Finance officials to support drafting the public debt borrowing and debt repayment plans using the MAC-DSA Excel-based tool. Mostly hands-on, including only two lecture sessions, the training aims to provide skills at manipulating the MAC-DSA Excel-based tool. The participants have the ability to input their country-specific data into the template, make appropriate adjustments, analyze results, and compare it to other country examples.
 
Other training:
The Debt Management Facility also offers extensive training on other debt management areas such as:
International Capital Markets and International Bond Issuance
Debt and Cash Management
Asset and Liability Management
Debt Reporting and Monitoring
 
On-Line Trainings
Debt Management Performance Assessment (DeMPA) – on-line
This on-line training provides a comprehensive set of indicators for assessing debt management performance that is based on sound practices in government debt management. By the end of the training, the participants will be informed about:
(i) the main areas of performance measurement while evaluating the central government debt activities, (ii) application techniques for evaluating debt management performances, (iii) cross-country experience, and recent trends in sound debt management practices at the central government level.
 
Debt Sustainability and Debt Management for Low-Income Countries (DSLx)
This on-line training provides an overview of debt sustainability and debt management strategies for countries with access to concessional debt. The training adapts three of the five modules of the original Debt Sustainability Analysis (DSAx) course in English to the issues facing low-income countries. Upon completion of this training, participants are expected to:
(i)identify different types of debt and the dangers of high debt; (ii) describe basic DSA concepts; (iii) prepare a DSA for a low-income country with concessional debt; (iv)discuss strategies for managing debt under the MTDS framework.
 
Debt Sustainability Analysis (DSAx)
This on-line training aims to provide a comprehensive overview of debt sustainability analysis (DSA) and a medium-term debt management strategy framework adopted by the IMF and the World Bank. Specifically, this training will:
(i) introduce the main principles of debt sustainability; (ii) cover recently updated DSA frameworks—both for advanced and emerging markets and for low-income countries—with an emphasis on country data; (iii) present a medium-term debt management strategy (MTDS) framework; and (iv) illustrate debt sustainability analysis under uncertainty.