Managing Fiscal Risks - A Hands-On Approach
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Bibliographic details
- Session: JV 24.38
- Location: Vienna, Austria
- Dates: November 18-22, 2024 (1 week)
- Delivery method: In-person Training
- Primary language: English
- Interpretation language: Russian
- Status: Deadline passed
Target audience and qualifications
- Target Audience:
- Mid-level to senior officials in ministries of finance and economy, treasuries and debt management offices, or other government offices involved in assessing and managing fiscal risks.
- Qualifications:
- Relevant experience in fiscal risk management, fiscal policy, budgeting, treasury, or debt management.
- Proficiency in Excel.
- Comfortable presenting results of fiscal analysis.
Course description and scope
- Presented by the Fiscal Affairs Department (FAD) as part of FAD’s Fiscal Risk Work Program.
- Provides an overview of the key sources of fiscal risks and approaches to analyzing and mitigating them.
- Leverages FAD’s Fiscal Risk Toolkit, comprising practical Excel-based tools to assist countries in analyzing and quantifying fiscal risk exposure.
- Trains participants in quantifying fiscal risks related, but not limited, to:
- state-owned enterprises,
- loan and guarantees,
- climate change.
- Discusses standards for reporting and disclosing fiscal risks as prescribed in the IMF’s Fiscal Transparency Code.
Tools and technical components covered
- FAD-developed fiscal risks assessment tools to determine a country’s risk exposure, including:
- SOE Health Check Tool
- SOE Stress Test Tool
- Debt Guarantee and Loan Assessment Tool
- Quantitative Climate Risk Assessment Fiscal Tool
- Emphasis on practical, Excel-based implementation for fiscal risk analysis and quantification.
Learning objectives (competencies upon completion)
- Identify the main fiscal risks a country may face and assess and prioritize them.
- Understand the main techniques and approaches to assess macro-fiscal risks and risks from specific sources.
- Use FAD-developed fiscal risks assessment tools to determine a country’s risk exposure, including the SOE Health Check Tool, the SOE Stress Test Tool, the Debt Guarantee and Loan Assessment Tool, and the Quantitative Climate Risk Assessment Fiscal Tool.
- Prepare a fiscal risk statement.
References