## Fiscal Risk Management for Sovereign Guarantees (SFR)

## Source details

**Canonical URL:** [Fiscal Risk Management for Sovereign Guarantees (SFR)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2023/sfrat23-41)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/at/2023/sfrat23-41/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/at/2023/sfrat23-41/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/at/2023/sfrat23-41/bundle-manifest.json)

## Bibliographic details
- Session: AT 23.41
- Location: Ebene, Mauritius
- Dates: September 4-8, 2023 (1 week)
- Delivery method: In-person Training
- Primary language: English
- Status: Deadline passed

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### Target audience and qualifications
- Target Audience:
  - Mid-level to senior officials in ministries of finance, treasuries, debt management offices, ministries of economy, general accounting offices, and financial planning divisions in line ministries.
- Qualifications:
  - Participants are expected to have significant experience in fiscal policy, macroeconomics, management of fiscal risks, treasury management, or budgeting.

### Course description and scope
- Purpose:
  - Examines the role of fiscal institutions in budget management and in the identification and management of fiscal risks.
- Topics and focus areas:
  - Types, scale, and probability that fiscal risks will materialize.
  - Institutional arrangements governments can adopt to mitigate fiscal risks.
  - Extent to which identification and quantification of risks can promote fiscal transparency.
- Standards, tools, and analytical inputs discussed:
  - Fiscal Transparency Code
  - Fiscal Transparency Evaluation
  - Public Investment Management Assessment (PIMA)
  - PPP-Fiscal Risk Evaluation (P-FRAM)
  - Fiscal stress test
  - IMF research from the Analyzing and Managing Fiscal Risks paper on identifying, analyzing, and managing fiscal risks

### Course objectives (learning outcomes)
Upon completion of the course, participants should be able to:
- Describe, explain, and illustrate the main fiscal risks and contingent liabilities related to the formulation of fiscal policies.
- Describe the role of the main fiscal institutions in managing fiscal risks.
- Identify the main fiscal risks a country may face.
- Prioritize and assess the relevance of each type of fiscal risk.
- Calculate the impact of the main macroeconomic and other fiscal risks.
- Prepare a statement of the main fiscal risks.

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## References

- [In-person Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Core Elements of Banking Supervision (CBS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2027/cbsat27-10)
- [Advanced Government Finance Statistics (GFS-A)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/gfs-ace26-45)
- [Fiscal Sustainability (FS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/fsce26-38)
- [Safeguards Assessments of Central Banks (SAC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/sacat26-30)
- [Macroeconomic Management in Resource Rich Countries (MRC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/mrcce26-44)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2023/sfrat23-41_