## REGIONAL WORKSHOP: UNDERSTANDING AND MANAGING FISCAL RISKS ## Source details **Canonical URL:** [REGIONAL WORKSHOP: UNDERSTANDING AND MANAGING FISCAL RISKS](https://www.imf.org/-/media/files/topics/fiscal/fiscal-risks/seminarsdocs/regionalworkshop-tbilisigeorgia-frm-sept2019.pdf) ## Other formats - [Markdown version](/-/media/files/topics/fiscal/fiscal-risks/seminarsdocs/regionalworkshop-tbilisigeorgia-frm-sept2019.pdf.md) - [Structured JSON version](/-/media/files/topics/fiscal/fiscal-risks/seminarsdocs/regionalworkshop-tbilisigeorgia-frm-sept2019.pdf.json) --- ### Workshop financing and support - The workshop was financed with the support of the European Commissions Directorate General European Neighbourhood and Enlargement Negotiations (NEAR), which supports an IMF capacity development program on strengthening fiscal governance across six countries of the Eastern Partnership region – Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine. - Complementary support for the workshop was provided by the Ministry of Finance of Georgia. ### Event logistics - Date: September 25-27, 2019 - Location: Tbilisi, Georgia - Registration: 9:00 – 9:30 on Wednesday, September 25th 2019 - Group photo: 9:45 – 10:00 on September 25th 2019 - Dinner: 6:30-8:30 on Thursday, September 26th 2019 - Presentation of certificates: 10:00 – 10:15 on Friday, September 27th 2019 - Closing session: 12:15 – 12:30 on Friday, September 27th 2019 ### Day 1 — Wednesday, September 25th 2019: Overview and SOE fiscal risks - Opening session (9:30 – 9:45) - Nikoloz Gagua, Deputy Minister of Finance, Ministry of Finance of Georgia - Amanda Sayegh, Senior Economist, IMF Fiscal Affairs Department - Session 1. OVERVIEW OF FISCAL RISKS (10:00 – 11:00) - Presentation by Amanda Sayegh, IMF Fiscal Affairs Department (45 mins) - Group discussion moderated by Eivind Tandberg, Former Deputy Division Chief, IMF Fiscal Affairs Department and IMF Consultant (15 mins) - Session 2. ANALYZING AND ASSESSING FISCAL RISKS FROM SOEs (11:30 – 12:30) - Presentation by Amanda Sayegh, IMF Fiscal Affairs Department (45 mins) - Group discussion moderated by Eivind Tandberg, Former Deputy Division Chief, IMF Fiscal Affairs Department and IMF Consultant (15 mins) - Session 3. REGIONAL EXPERIENCES IN ASSESSING SOE FISCAL RISKS (2:00 – 3:45; continued 4:00 – 5:00) - Presentation by Andrii Savenko, Head of the Fiscal Risk Department and Roman Lysenko, Chief of Expert Group of Macroeconomic Forecasting, Ministry of Finance, Ukraine (45 mins) - Presentation by Andrei Silivonchyk, Head of Department of Finance of Industrial and Fuel-Energy Complexes, Ministry of Finance, Belarus (30 mins) - Group discussion moderated by Amanda Sayegh, IMF Fiscal Affairs Department (30 mins) - Presentation by Shota Gunia, Head of the Fiscal Risk Management Division, Ministry of Finance, Georgia (30 mins) - Group discussion moderated by John Zohrab, IMF PFM Regional Advisor, Caucuses and Central Asia (30 mins) - Day 1 wrap up (5:00 – 5:15) ### Day 2 — Thursday, September 26th 2019: Oversight, reporting, and PPP risk assessment - Session 4. OVERSIGHT AND MANAGEMENT OF SOE FISCAL RISKS (9:00 – 10:30) - Presentation by Eivind Tandberg, Former Deputy Division Chief, IMF Fiscal Affairs Department and IMF Consultant (1 hour) - Group discussion moderated by Amanda Sayegh, IMF Fiscal Affairs Department (30 mins) - Session 5. INSTITUTIONAL ARRANGEMENTS FOR OVERSIGHT OF FISCAL RISKS (11:00 – 11:45) - Presentation by Eivind Tandberg, Former Deputy Director of the Fiscal Affairs Department and IMF Consultant (30 mins) - Group discussion moderated by Amanda Sayegh, IMF Fiscal Affairs Department (15 mins) - Session 6. GOOD PRACTICES IN REPORTING ON FISCAL RISKS (11:45 – 12:45) - Presentation by John Zohrab, IMF Regional PFM Advisor for the Caucuses and Central Asia (45 mins) - Group discussion moderated by Amanda Sayegh, IMF Fiscal Affairs Department (15 mins) - Session 7. REGIONAL EXPERIENCES ON PREPARING FISCAL RISK STATEMENTS (2:00 – 3:15) - Presentation by Amanda Sayegh, Senior Economist, IMF Fiscal Affairs Department (15 mins) - Presentation by Natalia Sclearuc, Head of the Budget Policy and Synthesis Department, Ministry of Finance, Moldova (30 mins) - Group discussion moderated by Eivind Tandberg, Former Deputy Division Chief, IMF Fiscal Affairs Department and IMF Consultant (30 mins) - Session 8. UNDERSTANDING, ASSESSING AND MANGAGING RISKS FROM PUBLIC PRIVATE PARTNERSHIPS (PPPs) (3:45 – 5:15) - Presentation by Amanda Sayegh, IMF Fiscal Affairs Department (45 mins) and group discussion moderated by Eivind Tandberg (15 mins) - Continued session: Presentation by Hoa–Binh Adjemian, Head of Sector Economic Development, NEAR, European Commission, on PPPs: managing risks and promoting effective public investment (45 mins) - Group discussion moderated by Eivind Tandberg, Former Deputy Division Chief, IMF Fiscal Affairs Department and IMF Consultant (30 mins) - Reflections and wrap up of day (5:15 – 5:30) ### Day 3 — Friday, September 27th 2019: Institutional approaches and PPP practice - Session 9. INSTITUTIONAL APPROACHES TO MANAGING RISKS FROM PPPS (9:00 – 10:00) - Presentation by Eivind Tandberg on the role of Ministries of Finance (45 mins) - Group discussion moderated by John Zohrab, IMF Regional PFM Advisor for the Caucuses and Central Asia (15 mins) - Session 10. REGIONAL EXPERIENCES ON ASSESSING, DISCLOSING AND MANAGING FISCAL RISKS FROM PPPs (10:45 – 11:45) - Presentation by Alexander Revia, Chairperson of PPP Agency, and Shota Gunia, Head of the Fiscal Risk Management Division, Ministry of Finance, Georgia (30 mins) - Group discussion moderated by John Zohrab, IMF Regional PFM Advisor for the Caucuses and Central Asia (30 mins) - Session 11. PPPs: MANAGING RISKS AND PROMOTING EFFECTIVE PUBLIC INVESTMENT (11:45 – 12:15) - Presentation by Hoa–Binh Adjemian, Head of Sector Economic Development, NEAR, European Commission (30 mins) - Group discussion moderated by Eivind Tandberg, Former Deputy Division Chief, IMF Fiscal Affairs Department and IMF Consultant (30 mins) - Closing session and open discussion: ANALYZING, DISCLOSING AND MANAGING FISCAL RISKS – FINAL REFLECTIONS (12:15 – 12:30) ### Key thematic emphases across the workshop - Understanding and assessing fiscal risks from state-owned enterprises (SOEs), including regional experiences and country presentations from Ukraine, Belarus, and Georgia. - Oversight and institutional arrangements for managing SOE fiscal risks, with emphasis on Ministry of Finance roles and good practices. - Good practices in reporting on fiscal risks and preparing fiscal risk statements, including regional examples from Moldova. - Understanding, assessing, disclosing, and managing risks from Public Private Partnerships (PPPs), including institutional approaches, risk management, and promoting effective public investment. - Interactive format combining presentations (durations specified) and moderated group discussions to foster peer learning and reflections. --- _Source: https://www.imf.org/-/media/files/topics/fiscal/fiscal-risks/seminarsdocs/regionalworkshop-tbilisigeorgia-frm-sept2019.pdf_