Virtual : Workshop on Fiscal Risks

Source details

Session No.: SA 21.41 V
Location: New Delhi, India
Date: July 27, 2021 - August 2, 2021 (1 week)
Delivery Method: Virtual Training
Primary Language: English
Target Audience:
- Mid-level to senior government officials in ministries of economy and finance, treasuries, governmental accounting offices, and national-level fiscal planning bodies.
Qualifications:
- Relevant experience in fiscal policy, management of fiscal risk, treasury management, or budgeting.

The workshop includes training on fiscal risk management, tools available for ease of collection, analysis and transparency and preparation of a plan for implementation of fiscal risk management.
Coverage includes an overview of typical fiscal risks, including those created by the COVID-19 pandemic, their scale and relative importance.
Topics addressed:
- Approaches for identifying and analyzing fiscal risks.
- Possible mitigation measures, including the role of fiscal rules in managing fiscal risks.
- Standards for the disclosure of fiscal risks and lessons from the IMF's fiscal transparency evaluations.
Practical emphasis on preparing a plan for implementation of fiscal risk management.

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

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. (FRAT tool)
Identify approaches to analyzing macroeconomic risks and risks from specific sources, such as government credit guarantees, sub-national government, public sector undertakings, insurance programs and public-private partnerships.
Understand the benefits of a fiscal policy paper and statement of fiscal risk.
Identify institutional arrangements required for effective risk monitoring and management.
Understand the key components of a plan for implementing fiscal risk management.
Identify key institutions with fiscal risk responsibilities.

Emphasizes tools for collection, analysis, and transparency of fiscal risk information.
Highlights the role of fiscal rules and disclosure standards in mitigating and managing fiscal risks.
Draws on lessons from the IMF's fiscal transparency evaluations.