Fiscal Risk Management for Sovereign Guarantees (SFR)
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Bibliographic details
- Session: AT 23.41
- Location: Ebene, Mauritius
- Dates: September 4-8, 2023 (1 week)
- Delivery method: In-person Training
- Primary language: English
- Status: Deadline passed
Target audience and qualifications
- 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 description and scope
- Purpose:
- Examines the role of fiscal institutions in budget management and in the identification and management of fiscal risks.
- Topics and focus areas:
- Types, scale, and probability that fiscal risks will materialize.
- Institutional arrangements governments can adopt to mitigate fiscal risks.
- Extent to which identification and quantification of risks can promote fiscal transparency.
- Standards, tools, and analytical inputs discussed:
- Fiscal Transparency Code
- Fiscal Transparency Evaluation
- Public Investment Management Assessment (PIMA)
- PPP-Fiscal Risk Evaluation (P-FRAM)
- Fiscal stress test
- IMF research from the Analyzing and Managing Fiscal Risks paper on identifying, analyzing, and managing fiscal risks
Course objectives (learning outcomes)
Upon completion of the 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.