Understanding, Assessing and Managing Fiscal Risks (UAMFR)

Source details

Course discusses key institutions that help governments better understand, monitor, and manage risks to public finances.
Provides an overview of the key sources of fiscal risks, approaches to analyzing and mitigating them, and institutional arrangements for dealing with them.
Provides an overview of the IMF's Fiscal Risk Toolkit, which comprises a range of practical Excel-based tools to assist countries in analyzing and quantifying their fiscal risk exposures, as well as training on the application of selected tools in the Toolkit.
Discusses standards for reporting and disclosing fiscal risks as prescribed in the IMF's Fiscal Transparency Code.

Mid- to senior-level officials in ministries of finance and economy, treasuries and debt management offices, or other government offices involved in assessing and managing fiscal risks.

Participants are expected to have relevant experience in fiscal policy, budgeting, treasury, and debt management, or fiscal risk management.
Participants are expected to have knowledge of Excel.

Define fiscal risks and contingent liabilities and identify their key characteristics.
Identify the main fiscal risks a country may face and assess and prioritize these risks according to their relevance.
Understand some of the techniques and approaches used to assess macro-fiscal risks and risks from specific sources such as government loan guarantees, state-owned enterprises, and public-private partnerships.
Identify institutional arrangements that support effective fiscal risk monitoring and management.
Prepare a fiscal risk statement.

Identification and characterization of key sources of fiscal risk.
Approaches to analyzing and mitigating fiscal risks, including sector- and instrument-specific techniques.
Use of the IMF Fiscal Risk Toolkit: Excel-based tools for analyzing and quantifying fiscal risk exposures and hands-on training in selected tools.
Standards for reporting and disclosure anchored in the IMF's Fiscal Transparency Code.
Institutional arrangements and roles for effective fiscal risk monitoring and management.