Designing a Medium-Term Debt Management Strategy (MTDS)

Managing public debt effectively is critical for maintaining macroeconomic stability and safeguarding a nation's financial future. This text-based course guides you through the core principles of developing a Medium-Term Debt Management Strategy (MTDS) to balance borrowing costs and portfolio risks. You will transition from understanding basic debt concepts to actively formulating strategic targets, analyzing cost-risk trade-offs, and integrating modern fiscal risk assessments into your planning. What you'll learn: - Understand the foundational concepts of public debt management and macroeconomic links - Analyze the cost and risk characteristics of existing public debt portfolios - Formulate realistic medium-term debt strategies using standard analytical frameworks - Evaluate debt sustainability and the impact of market shocks on debt service costs - Integrate modern risk factors, including exchange rate fluctuations and interest rate volatility - Draft a comprehensive debt management strategy document for policy implementation The course starts with essential terminology, institutional arrangements, and macroeconomic prerequisites. You will then progress through the step-by-step MTDS process, exploring quantitative risk analysis and scenario testing through detailed written explanations and practical scenarios. This course is designed for public finance beginners, policy analysts, and economists seeking a foundational understanding of sovereign debt management. No prior experience in debt modeling is required. Start building the skills to manage public debt portfolios and support national fiscal stability today.