Vulnerability Diagnostics (VDS)

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Deadline for the application has passed.
Course No.: JV 18.34
Location: Vienna, Austria
Date: December 3, 2018-December 14, 2018 (2 Weeks)
Language: English

Target Audience:

Officials of all levels in central banks and ministries of finance who monitor and assess country and regional vulnerabilities and risks.


Participants are expected to have an advanced degree in economics or equivalent experience, a basic background in econometrics, and familiarity with the use of software for econometric applications.

Course Description:

This course, presented by the IMF Institute for Capacity Development, complements the Macroeconomic Diagnostics (MDS) course by enhancing participants’ ability to assess fiscal, financial, and external vulnerabilities in an integrated fashion using several diagnostic tools to capture tail risks.


Course Objectives:

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

  • Identify effective measures of fiscal, financial, and external vulnerabilities.
  • Describe how vulnerabilities can arise as a result of adverse shocks or flawed - Use diagnostic tools to track vulnerability measures and predict indicators of tail risks, such as the tools currently employed in IMF surveillance.
  • Adapt diagnostic tools to their country data, organized as templates of country vulnerability reports.

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.