Assessing and Managing Fiscal Risks

Source details

Target Audience:
- Mid-level to senior government officials in ministries of economy and finance, treasuries, government accounting offices, and national-level fiscal planning bodies.
Qualifications:
- Relevant experience in fiscal policy, management of fiscal risks, treasury management, or budgeting.

The course discusses key institutions that help governments better assess and manage risks to the government budget.
Provides an overview of typical fiscal risks including those created by the COVID-19 pandemic, their scale and relative importance.
Covers approaches for identifying and analyzing fiscal risks and possible mitigating measures.
Explores institutional arrangements for dealing with fiscal risks.
Discusses standards for the disclosure of fiscal risks as prescribed in the IMF’s Fiscal Transparency Code.
Reviews lessons from the IMF’s fiscal transparency evaluations.

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.
Identify approaches to analyzing macroeconomic risks and risks from specific sources, such as government credit guarantees, sub-national governments, state-owned enterprises, insurance programs, and public-private-partnerships.
Develop the content of a fiscal risk statement.
Identify institutional arrangements required for effective fiscal risk monitoring and management.