Strengthening Fiscal Institutions and Managing Fiscal Risks (SFR)
This course, presented by the Fiscal Affairs Department, examines the role of fiscal institutions in budget management and in the identification and management of fiscal risks. It discusses key institutions that help governments better understand the types, scale, and probability that the risks confronting them will materialize, and explores how governments can make the necessary institutional arrangements to mitigate many of these risks. It also examines the extent to which identification and quantification of risks can help promote fiscal transparency. The course discusses the Fiscal Affairs Department’s standards and tools related to fiscal institutions and management of fiscal risks, such as the Fiscal Transparency Code, Fiscal Transparency Evaluation, Public Investment Management Assessment (PIMA), PPP-Fiscal Risk Evaluation (P-FRAM) and fiscal stress test, as well as IMF research from the Analyzing and Managing Fiscal Risks paper on identifying, analyzing, and managing fiscal risks.
Target Audience
Mid-level to senior officials in ministries of finance, treasuries, debt management offices, ministries of economy, general accounting offices, and financial planning divisions in line ministries.
Qualifications
Participants are expected to have significant experience in fiscal policy, macroeconomics, management of fiscal risks, treasury management, or budgeting.
Course Objectives
Upon completion of this course, participants should be able to:
- Describe, explain, and illustrate the main fiscal risks and contingent liabilities related to the formulation of fiscal policies.
- Describe the role of the main fiscal institutions in managing fiscal risks.
- Identify the main fiscal risks a country may face.
- Prioritize and assess the relevance of each type of fiscal risk.
- Calculate the impact of the main macroeconomic and other fiscal risks.
- Prepare a statement of the main fiscal risks.
Transforming Public Finance through GovTech
English | June 17-21, 2024 | In-person Training | Vienna, Austria
Apply online by March 31, 2024
RA-GAP VAT Gap Estimation Model (VGAPx)
Spanish | May 1, 2023 - April 15, 2024 | Online Training | Course conducted online
Apply online by April 1, 2024
Public Sector Debt Statistics (PSDSx)
Spanish | May 1, 2023 - April 15, 2024 | Online Training | Course conducted online
Apply online by April 1, 2024
Financial Programming and Policies, Part 1: Macroeconomic Accounts & Analysis (FPP.1x)
Spanish | May 1, 2023 - April 15, 2024 | Online Training | Course conducted online
Apply online by April 1, 2024
VITARA - Performance Management (VITARA-PMG)
English | January 1, 2024 - April 15, 2024 | Online Training | Course conducted online
Apply online by April 1, 2024