Cote d'Ivoire: Technical Assistance Report-Modernizing the Analysis, Monitoring, and Disclosure of Fiscal Risks

IMF Staff Country Reports, April 18, 2018

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This Technical Assistance Report discusses the findings and recommendations made by the IMF mission about modernizing the analysis, monitoring and disclosure of fiscal risks in Côte d’Ivoire.
Existing practices for identifying, monitoring and disclosing fiscal risks are still limited and fall below emerging country standards.
There is no centralized process, at the level of the economic and financial ministries, no comprehensive identification, quantification and, even less so, monitoring of fiscal risks.
Efforts should continue in the direction of proactive management of fiscal risks.
Proactive management of fiscal risks would be a determining factor in maintaining the strong economic dynamic of the Ivoirian economy.

Existing practices for identifying, monitoring and disclosing fiscal risks are limited and below emerging country standards.
No centralized process exists at the level of the economic and financial ministries for fiscal risk management.
There is no comprehensive identification, quantification, and effective monitoring of fiscal risks.
The report implies fiscal risk management is critical to sustaining Côte d’Ivoire’s strong economic dynamics.

Continue efforts toward proactive management of fiscal risks.
Establish centralized processes at the economic and financial ministries to identify, quantify, and monitor fiscal risks.
Modernize the analysis, monitoring, and disclosure frameworks for fiscal risks to meet emerging country standards.

Subject: Contingent liabilities, Economic sectors, Fiscal risks, Macroeconomic risks, Public debt, Public enterprises, Public financial management (PFM)
Keywords: cash position, Contingent liabilities, CR, financial situation, fiscal risk, Fiscal risks, ISCR, Macroeconomic risks, national budget, organic law, public enterprise debt, Public enterprises, sensitivity analysis, spot price, West Africa