Debt Sustainability Analysis (DSAx)

Deadline for the application has passed.

Course No.: OL 14.01
Location: Course Conducted Online, United States
Date: April 21, 2014-May 26, 2014 (5 Weeks)
Language: English

Target Audience:

All government officials are welcome to apply. This course is particularly relevant for officials from ministries of finance, debt agencies, central banks, or other government agencies of IMF member countries involved in advice or implementation of macroeconomic and debt policies.

Government officials who successfully complete the DSAx will receive a certificate of completion that will be considered favorably when applying to other ICD courses (subject to meeting other selection criteria).


Access to a computer with a reliable Internet connection with Google Chrome web browser and proficiency in Excel are essential.

Course Description:

This five-week course is presented by the IMF's Institute for Capacity Development; Strategy, Policy, and Review Department; Monetary and Capital Markets Department; Fiscal Affairs Department; and Research Department. It aims to provide a comprehensive overview of debt sustainability analysis and a medium-term debt management strategy framework as performed by the IMF and the World Bank.

The course 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.

The course features short video lectures interspersed with interactive exercises and includes a discussion forum to allow participants to network and discuss the course content. Weekly assignments will be computer-graded and subject to strict deadlines. The expected workload is 6-9 hours a week.

Please use this link to watch the course introductory video.

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.