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Fiscal Policy

Fiscal Costs and Risks from PPPs

Deadline passed

Session No.: JV 20.10

Location: Vienna, Austria

Date: January 27-30, 2020 (4 days) New dates

Primary Language: English

    Target Audience

    Officials of the key institutions responsible for the provision of public infrastructure assets (e.g., ministries of finance and planning, PPP units) and public financial management (e.g., budget and treasury departments).

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    Participants should be broadly familiar with public sector and fiscal statistics concepts and have basic knowledge of Excel.

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    Course Description

    The objective of this four-day course is to enhance understanding of the fiscal impact of PPPs. The newly updated PPP Fiscal Risk Assessment Model (PFRAM 2.0) will be used to train technical counterparts and inform discussion on best practices to assess and manage PPP projects. The PFRAM is an analytical tool developed jointly by the IMF and World Bank to support capacity building in the areas of fiscal transparency and fiscal risk management. Since its first launch in April 2016, the tool has been used in both training activities and technical assistance missions around the world. PFRAM 2.0, published in the fall of 2019, allows users to assess the fiscal implications of a portfolio of PPP projects. After attending the workshop participants are expected to understand good practices in managing and mitigating fiscal costs and risks from PPP projects, and to use PFRAM to evaluate them.

    The workshop will include:

    1. a general overview of key concepts and the analytical framework to understand fiscal costs and risks arising from PPP projects;
    2. a review of good practices in managing PPPs, including budgeting, accounting, and reporting of PPPs in public accounts; and
    3. a hands-on training on the use of PFRAM through exercises.
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    Course Objectives

    Upon completion of this course, participants should be able to:

    • Understand good practices in managing and mitigating fiscal costs and risks from PPP projects.
    • Use the PPP Fiscal Risk Assessment Model (PFRAM 2.0) to evaluate PPP projects.


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