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Fiscal Policy

Managing Fiscal Risks - A Hands-On Approach (UAMFR)

Deadline passed

Session No.: JV 24.38

Location: Vienna, Austria

Date: November 18-22, 2024 (1 week) New dates

Delivery Method: In-person Training

Primary Language: English

Interpretation Language: Russian

    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. 

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    Qualifications

    Participants are expected to have relevant experience in fiscal risk management, fiscal policy, budgeting, treasury, or debt management. They should also be proficient in Excel and be comfortable with presenting results of fiscal analysis. 

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    Course Description

    This course, presented by the Fiscal Affairs Department (FAD), forms part of FAD’s Fiscal Risk Work Program, and discusses key institutions that help governments better understand, monitor, and manage risks to public finances. The course will provide an overview of the key sources of fiscal risks and approaches to analyzing and mitigating them. It will leverage FAD’s Fiscal Risk Toolkit, which comprises a range of practical Excel-based tools to assist countries in analyzing and quantifying their fiscal risk exposure. The course will train participants in quantifying fiscal risks related, but not limited to, state-owned enterprises, loan and guarantees, and climate change. The course will also discuss standards for reporting and disclosing fiscal risks – as prescribed in the IMF’s Fiscal Transparency Code

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    Course Objectives

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

    • Identify the main fiscal risks a country may face and assess and prioritize them. 
    • Understand the main techniques and approaches to assess macro-fiscal and risks from specific sources.
    • Use FAD-developed fiscal risks assessment to determine 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.
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