Debt Management in GCC Countries (DM-GCC)

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Deadline for the application has passed.
Course No.: CE 18.01
Location: Kuwait City, Kuwait
Date: January 14, 2018-January 18, 2018 (1 Week)
Language: English (Arabic)

Target Audience:

Mid-level to senior officials in debt management offices and units in ministries of finance and central banks with similar responsibility for managing public debt.


Participants should be familiar with debt management activities in their own countries. A degree in economics, finance, or accounting or equivalent experience is ideal.

Course Description:

This course, presented by the IMF Monetary and Capital Markets Department, provides an overview of sound debt management practices and their interplay with the general macrofinancial environment. The course will cover governance, institutional arrangements, formulation and implementation of a Medium-Term Debt Management Strategy (MTDS), and development of a local bond market. The course will also address topics of particular importance to the Gulf Cooperation Council (GCC) countries, such as the sovereign asset and liability management framework (SALM), investor relations activities, and sovereign bond indices.

Course Objectives:

Upon completion of this course, participants should be able to:

  • Understand and calculate the main debt costs and risk indicators.
  • Understand governance and institutional arrangements and their role in facilitating sound debt management.
  • Understand the rationale, objectives, and main elements in formulating an MTDS.
  • Formulate broad principles for implementing a debt strategy.
  • Formulate broad policies for the development of local debt markets.
  • Better coordinate policies for managing assets and liabilities.
  • Identify and monitor the macrofinancial issues related to sovereign debt policies.

Important Note for Online Courses:

For Online Learning (OL) courses, which are delivered through the edX platform, you will need an additional piece of information to register: you will be prompted for your edX.org username. If you do not already have a username, please go to https://courses.edx.org/register and sign up for a free account. Once you have created an account, you may complete the IMF Institute application. If you already have an edX account, your username can be found on the top right of the screen after logging in.

Important Note for Internal Economics Training Courses:

Internal Economics Training (IT) courses are self-financed. The IMF will not charge officials for attending courses. However, all travel, insurance, hotel, and living costs will need to be covered by the agency sponsoring the participants.