Monitoring and Managing Fiscal Risks in the East African Community

ByPaolo Mauro, Herve Joly, Ari Aisen, Emre Alper, Francois Boutin-Dufresne, Jemma Dridi, Nikoloz Gigineishvili, Tom Josephs, Clara Mira, Vimal V Thakoor, Alun H. Thomas, Fan Yang

August 13, 2015

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Disclaimer: The views expressed herein are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

This paper takes stock of the main fiscal risks facing the EAC partner countries. These include macroeconomic shocks, and specific risks, such as the financial performance of the public enterprises, large infrastructure projects, PPPs, and pension funds. In addition, weaknesses in the institutional framework are reviewed. This analysis highlights some of the largest risks and begins to give a sense of the potential magnitudes involved.

Subject: Budget planning and preparation, Economic sectors, Expenditure, Fiscal risks, Public debt, Public enterprises, Public financial management (PFM)

Keywords: Africa, Budget planning and preparation, central government, country, DP, DPPP, EAC country, EAC partner state, economic growth, Fiscal risks, General government expenditure, Global, government, natural resource, public enterprise, Public enterprises

Pages:
39
Volume:
2015
DOI:
https://doi.org/10.5089/9781513551265.087
Issue:
009
Series:
Departmental Paper No. 2015/009
Stock No:
MMFREACEA
ISBN:
9781513551265
ISSN:
2616-5333

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