Vulnerability Diagnostics

Vulnerability Diagnostics (VDS)

This course complements the Macroeconomic Diagnostics (MDS) course by strengthening participants’ ability to assess fiscal, financial, and external vulnerabilities in an integrated fashion through the use of several diagnostics tools aimed at capturing tail risks.

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

• Identify appropriate measures of fiscal, financial, and external vulnerabilities.

• Describe how vulnerabilities can arise as a result of adverse shocks and/or flawed policies, and how these vulnerabilities can morph into crises. 

• Implement a set of diagnostics tools to track measures of vulnerabilities and predict indicators of tail risks, including selected tools currently employed in IMF surveillance. 

• Adapt selected diagnostic tools to their country data and circumstances organized as templates of country vulnerability reports.