How to Strengthen the Management of Government Guarantees
IMF How To Notes, October 19, 2017
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- How to Strengthen the Management of Government Guarantees
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Bibliographic details
- Published: October 19, 2017
- Series: IMF How To Notes
- DOI: https://doi.org/10.5089/9781484316436.061
Overview
- Purpose: Highlights commonly observed weaknesses in the management of government guarantees, good practices, and measures governments could take to strengthen:
- (i) the evaluation of guarantee proposals;
- (ii) the quantification of risks arising from guarantees and their mitigation; and
- (iii) the budgeting, accounting, monitoring, and disclosure of guarantees.
- Publication type: IMF How To Notes
- Publication date: October 19, 2017
- Pages: 18
- Volume: 2017
- Issue: 001
- Series: How-To Note No. 2017/001
- DOI: https://doi.org/10.5089/9781484316436.061
- Stock No: FADHTNEA2017001
- ISBN: 9781484316436
- ISSN: 2522-7912
Commonly Observed Weaknesses in Guarantee Management
- Weak evaluation processes for guarantee proposals.
- Inadequate quantification of risks arising from guarantees.
- Insufficient measures for mitigation of guarantee risks.
- Deficiencies in budgeting, accounting, monitoring, and disclosure practices for guarantees.
Good Practices and Strengthening Measures
- Strengthen evaluation of guarantee proposals by applying systematic assessment frameworks.
- Quantify risks arising from guarantees using appropriate risk-measurement techniques.
- Implement mitigation measures to limit fiscal exposure from guarantees.
- Improve budgeting to capture contingent liabilities associated with guarantees.
- Enhance accounting standards to reflect guarantee-related obligations.
- Establish monitoring systems to track guarantee portfolios and performance.
- Increase disclosure of guarantees to improve transparency and fiscal risk awareness.
Subjects and Keywords (as listed)
- Subject: Budget planning and preparation, Contingent liabilities, Financial institutions, Government liabilities, Loans, Public debt, Public financial management (PFM)
- Keywords: Africa, Budget planning and preparation, Contingent liabilities, credit guarantee, credit rating, FADHTN, Global, government guarantee, Government liabilities, guarantee claim, guarantee fee rate, guarantee portfolio, guarantee proposal, guarantee seeker, HTN, Loans, one-of guarantee, reserve fund
International Monetary Fund. Fiscal Affairs Dept. "How to Strengthen the Management of Government Guarantees", IMF How To Notes 2017, 001 (2017), accessed 8/28/2026, https://doi.org/10.5089/9781484316436.061
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