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This report provides guidance on using the Analytical Tool of the Medium-Term Debt Management Strategy (MTDS). The MTDS framework consists of a methodology, published as the ‘Guidance Note for Developing a Medium-Term Debt Management Strategy’, and an associated analytical tool (AT) that can be used to assess the cost-risk trade-offs of alternative strategies to help identify the preferred strategy. The MTDS framework supported by the AT quantitative analysis helps to determine the financing strategy. The chosen debt management strategy sets out the financing composition path to meet the debt management objective(s). The profile of future interest payments and the amortizations of new debt are driven by the debt management strategy. The MTDS AT is based on annual cash flow. Although this assumption is enough for analyzing alternative debt management strategies, in some cases, particularly for countries that are heavily dependent on short-term securities with maturities of less than a year, it would be helpful to work with cash flows with higher frequency.

Budget Systems --- Currencies --- Currency --- Debt service --- Exchange rates --- Exports and Imports --- External debt --- Finance, Public --- Financial institutions --- Financial instruments --- Foreign Exchange --- Foreign exchange --- General Financial Markets: General (includes Measurement and Data) --- Government and the Monetary System --- Government cash forecasting --- Interest payments --- International economics --- International Lending and Debt Problems --- Investment & securities --- Investments: General --- Monetary economics --- Monetary Systems --- Money and Monetary Policy --- Money --- National Budget --- Payment Systems --- Public finance & taxation --- Public Finance --- Public financial management (PFM) --- Regimes --- Securities --- Standards --- United States