## Assessing the fiscal risks of State-owned enterprises (SOEs) — On-line course — March 1 – 12, 2020 (with Introductory Unit February 15-28, 2020) ## Source details **Canonical URL:** [Assessing the fiscal risks of State-owned enterprises (SOEs) — On-line course — March 1 – 12, 2020 (with Introductory Unit February 15-28, 2020)](https://www.imf.org/-/media/files/topics/fiscal/fiscal-risks/seminarsdocs/imffadsoeriskworkshopmarch-2020-outline.pdf) ## Other formats - [Markdown version](/-/media/files/topics/fiscal/fiscal-risks/seminarsdocs/imffadsoeriskworkshopmarch-2020-outline.pdf.md) - [Structured JSON version](/-/media/files/topics/fiscal/fiscal-risks/seminarsdocs/imffadsoeriskworkshopmarch-2020-outline.pdf.json) --- ### Course objective and structure - The International Monetary Fund (IMF) delivered an on-line course titled "Assessing the fiscal risks of State-owned enterprises (SOEs)" held March 1–12, 2020, with an Introductory Unit conducted February 15–28, 2020. - Course format: prerecorded short 5-7-minute videos and study materials, live online sessions, group assignments, and self-study quizzes. - Core themes: monitoring, analyzing, and managing SOEs’ fiscal risks; SOE Health Check Tool; SOE Stress Test Tool; fiscal risk disclosure, analysis, and mitigation. ### Participants, facilitators, and contributions - Facilitators and presenters included Carolina Renteria, Suzanne Flynn (FAD), Robert Bauchmuller (CEF), Tjeerd Tim, Patrick Ryan, Sybi Hida, Avril Halstead, Alberto Soler, Amanda Sayegh, and Gorana Roje. - Course encouraged country teams to present country practices, whiteboard exercises, and next-step mapping using Mural. - Assignments: a sequence of assignments (Assignment 1 through Assignment 5) were introduced and sequenced between sessions; specific assignments were to be completed before subsequent online sessions. ### Introductory Unit (15-28 February, 2020) — Pre-course activities - Participant/facilitator introduction videos. - Participant introductions: 30 seconds per participant/instructor to state country/role in SOE monitoring and current practices. - Assignment 1: Capture current country practices on an online whiteboard (CEF). - Self-study to refresh and update importance of managing fiscal risks and recommended supplementary background readings. - Check knowledge (Quiz) on Fiscal Risk/SOE related questions based on prerecorded videos. ### Online Session 1 — Importance of Monitoring, Analyzing and Managing SOEs’ Fiscal Risks (Monday, March 1) - Schedule (all times local as specified): - 14:00 – 14:10 Welcome and Icebreaker (CEF) - 14:10 – 14:35 Summary of key points on prerecorded presentations: short power point presentations (Tjeerd Tim) - 14:35 – 15:05 Countries present their whiteboard (mural) prepared in advance (CEF and Country teams) - 15:05 – 15:20 Participant/instructor Comments and questions (FAD team, CEF facilitation) - 15:20 – 15:30 Introduction of Assignment 2 and distribution of the SOE health check tool (Suzanne Flynn/Robert Bauchmuller) - Assignment 2 to be completed before Online Session 2. ### Online Session 2 — Introducing the SOE Health Check Tool (Thursday, March 4) - Schedule: - 14:00 – 14:10 Welcome and Icebreaker (FAD/CEF) - 14:10 – 14:40 Overview presentation of the SOE Health check tool (Patrick Ryan) - 14:40 – 15:15 Facilitated discussion and questions on the tool (Patrick Ryan/Sybi Hida) - 15:05 – 15:15 Discussion: Existing tools or methods used to analyze SOE fiscal risks in the region (CEF to facilitate) - 15:15 – 15:30 Introduction of Assignment 2 submission procedures (Suzanne Flynn/Robert Bauchmuller) - Assignment 3 to be completed before Online Session 3. ### Online Session 3 — Feedback on Assignment 1 and Overseeing SOEs’ financial position and performance (Monday, March 8) - Schedule: - 14:00 – 14:10 Welcome and Icebreaker (FAD/CEF) - 14:10 – 14:40 Groups present findings using pre-designed template; other country delegations provide feedback (FAD/CEF facilitators) - 14:40 – 15:00 Interpreting the data, common pitfalls, and “model answers” (Patrick Ryan/Avril Halstead/Sybi Hida) - 15:00 – 15:30 Overseeing SOEs’ financial position and performance (Sybi Hida) ### Online Session 4 — Introducing the SOE Stress Test Tool and Other FAD Fiscal Risk Analysis Tools (Wednesday, March 10) - Schedule: - 14:00 – 14:05 Welcome and Icebreaker (FAD/CEF) - 14:05 – 14:35 Overview presentation of operating the tool (Alberto Soler) - 14:35 – 15:05 Uses of SOE-related tools: applications in the region and tool outputs (Alberto Soler, Sybi Hida, Patrick Ryan) - 15:05 – 15:25 Presentation of the Croatian experience (Gorana Roje) — Head of division, Strategic Policy Planning & Project Management, Unit for State asset management strategic planning coordination activities - 15:25 – 15:30 Introduction of Assignment 4 to be completed before Online Session 5 (FAD/CEF presenters) ### Online Session 5 — Reporting, Analyzing and Managing Fiscal Risks (Friday, March 12) - Schedule: - 14:00 – 14:05 Welcome and Icebreaker (FAD/CEF) - 14:05 – 14:35 Presentation of Assignment 5 and discussion (Country teams/FAD teams) - 14:35 – 15:05 Good practices in fiscal risk disclosure, analysis and mitigation of fiscal risk (Amanda Sayegh) - 15:05 – 15:25 Next steps — Countries map next steps for enhancing fiscal risk management and disclosure in respective countries using Mural (Robert Bauchmuller, Country Teams) - 15:25 – 15:30 Course Closure and evaluation (CEF/FAD) ### Tools, methods, and practice focus - SOE Health Check Tool: introduced and demonstrated to help assess SOE financial health and monitor fiscal risks (presented by Patrick Ryan). - SOE Stress Test Tool: operational overview and regional applicability discussed (presented by Alberto Soler). - Emphasis on: - Interpreting data from SOE financials and identifying common pitfalls. - Using tool outputs to inform oversight, disclosure, and mitigation strategies. - Sharing country experiences and good practices (including Croatia's example). --- _Source: https://www.imf.org/-/media/files/topics/fiscal/fiscal-risks/seminarsdocs/imffadsoeriskworkshopmarch-2020-outline.pdf_