Course Overview:

This advanced course focuses on the principles, strategies, and analytical tools for managing domestic government debt. It is designed for professionals involved in public debt management, offering practical insights into debt analysis, forecasting, risk management, and the optimization of debt portfolios. The course integrates theory and practice to prepare participants for managing complex debt portfolios in line with national economic goals.

Effective debt management is vital for the fiscal stability of a nation. This course will help participants understand the intricate details of managing a country's domestic debt, including sustainability analysis, the role of fiscal policy, and the use of financial instruments. Participants will gain hands-on experience in using analytical tools to forecast debt, assess risks, and develop strategies for managing refinancing and liability risks.

Course Objectives:

1. Understand the fundamentals of domestic debt management.
2. Learn the key principles of debt sustainability analysis (DSA).
3. Gain expertise in using analytical tools for debt forecasting and risk management.
4. Study debt portfolio management techniques, balancing cost and risk.
5. Understand the link between fiscal policy and debt sustainability.
6. Learn to assess the impact of domestic debt on economic growth and stability.
7. Develop strategies for refinancing and managing rollover risks.
8. Explore the role of central banks in domestic debt management.
9. Learn about the key debt instruments and their characteristics.
10. Understand the process of issuing and managing government securities.
11. Analyze debt restructuring options and liability management techniques.
12. Study global best practices in public debt management.
13. Learn to assess and mitigate risks associated with government debt.
14. Gain insights into the political and institutional factors affecting debt management.
15. Develop strategies for managing and optimizing a country's debt portfolio.

Benefits of the Course to the Organization

1. Enhanced ability to manage and forecast national debt, ensuring fiscal stability.
2. Improved risk management strategies, reducing exposure to market fluctuations.
3. Better coordination between fiscal policy and public debt management.
4. Optimized debt portfolio, balancing cost efficiency and risk minimization.
5. Greater transparency in managing public debt, improving public trust.
6. More informed decision-making on debt issuance and refinancing strategies.
7. Strengthened government creditworthiness and reduced borrowing costs.
8. Ability to manage and mitigate domestic debt risks effectively.
9. Knowledge to evaluate and implement debt restructuring strategies when needed.
10. Improved public debt sustainability through effective management practices.
11. Enhanced ability to meet international debt management standards.
12. A more resilient economy, capable of managing external shocks and market volatility.
13. Ability to develop sound financial policies that support economic growth.
14. Better alignment with international best practices in debt management.
15. Capacity to make informed decisions on issuing domestic debt securities.
16. Ability to assess the impact of fiscal decisions on the overall debt profile.

Benefits of the Course to the Participants

1. Expertise in debt sustainability and forecasting tools.
2. Enhanced analytical skills for debt management and risk assessment.
3. Practical experience in optimizing debt portfolios and managing risks.
4. Ability to assess and manage refinancing risks effectively.
5. Improved understanding of debt instruments and their impact on national finance.
6. Ability to evaluate the impact of fiscal policies on debt sustainability.
7. Knowledge of best practices and global standards in debt management.
8. Enhanced career prospects in public finance, fiscal policy, and debt management.
9. Increased competence in evaluating and managing government securities.
10. Ability to apply analytical tools to real-world debt management challenges.
11. Deeper understanding of the relationship between domestic debt and economic growth.
12. Strengthened ability to contribute to sound fiscal policies and sustainable debt strategies.

Course Outline:

Day 1: Introduction to Domestic Debt Management

• Session 1: Key principles of public debt management.
• Session 2: Overview of domestic debt markets and instruments.
• Session 3: The role of fiscal policy in managing public debt.

Day 2: Debt Sustainability and Analytical Tools

• Session 1: Debt sustainability analysis (DSA) and its importance.
• Session 2: Tools for debt forecasting and risk assessment.
• Session 3: Case study: Using analytical tools for debt management.

Day 3: Debt Portfolio Management

• Session 1: Principles of debt portfolio optimization.
• Session 2: Balancing cost and risk in debt portfolio management.
• Session 3: Managing refinancing and rollover risks.

Day 4: Debt Instruments and Liability Management

• Session 1: Types of debt instruments: bonds, treasury bills, etc.
• Session 2: Issuance and management of government securities.
• Session 3: Techniques for managing liability risks.

Day 5: Risk Management and Debt Restructuring

• Session 1: Assessing risks in domestic debt portfolios.
• Session 2: Strategies for debt restructuring and liability management.
• Session 3: Global best practices in public debt management.

Who Should Attend:

• Public sector debt managers.
• Economists and financial analysts in government agencies.
• Central bank officials involved in monetary policy and public finance.
• Risk managers and treasury professionals in government departments.
• Analysts working in public debt management institutions and agencies.

Methods of Training:

• Lectures and Interactive Discussions: Delivered by industry experts and practitioners.
• Case Studies and Simulations: Practical exercises to demonstrate debt management techniques.
• Workshops: Hands-on experience with debt forecasting and analytical tools.
• Group Discussions: Collaborative analysis of real-world public debt scenarios.
• Guest Speakers: Insights from professionals managing public debt.