## Managing Fiscal Risks - A Hands-On Approach

## Source details

**Canonical URL:** [Managing Fiscal Risks - A Hands-On Approach](https://www.imf.org/en/capacity-development/training/icdtc/schedule/jv/2024/uamfrjv24-38)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/jv/2024/uamfrjv24-38/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/jv/2024/uamfrjv24-38/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/jv/2024/uamfrjv24-38/bundle-manifest.json)

## Bibliographic details
- Session: JV 24.38
- Location: Vienna, Austria
- Dates: November 18-22, 2024 (1 week)
- Delivery method: In-person Training
- Primary language: English
- Interpretation language: Russian
- Status: Deadline passed

---

### Target audience and qualifications
- Target Audience:
  - Mid-level to senior officials in ministries of finance and economy, treasuries and debt management offices, or other government offices involved in assessing and managing fiscal risks.
- Qualifications:
  - Relevant experience in fiscal risk management, fiscal policy, budgeting, treasury, or debt management.
  - Proficiency in Excel.
  - Comfortable presenting results of fiscal analysis.

### Course description and scope
- Presented by the Fiscal Affairs Department (FAD) as part of FAD’s Fiscal Risk Work Program.
- Provides an overview of the key sources of fiscal risks and approaches to analyzing and mitigating them.
- Leverages FAD’s Fiscal Risk Toolkit, comprising practical Excel-based tools to assist countries in analyzing and quantifying fiscal risk exposure.
- Trains participants in quantifying fiscal risks related, but not limited, to:
  - state-owned enterprises,
  - loan and guarantees,
  - climate change.
- Discusses standards for reporting and disclosing fiscal risks as prescribed in the IMF’s Fiscal Transparency Code.

### Tools and technical components covered
- FAD-developed fiscal risks assessment tools to determine a country’s risk exposure, including:
  - SOE Health Check Tool
  - SOE Stress Test Tool
  - Debt Guarantee and Loan Assessment Tool
  - Quantitative Climate Risk Assessment Fiscal Tool
- Emphasis on practical, Excel-based implementation for fiscal risk analysis and quantification.

### Learning objectives (competencies upon completion)
- Identify the main fiscal risks a country may face and assess and prioritize them.
- Understand the main techniques and approaches to assess macro-fiscal risks and risks from specific sources.
- Use FAD-developed fiscal risks assessment tools to determine a country’s risk exposure, including the SOE Health Check Tool, the SOE Stress Test Tool, the Debt Guarantee and Loan Assessment Tool, and the Quantitative Climate Risk Assessment Fiscal Tool.
- Prepare a fiscal risk statement.

---


## References

- [In-person Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Fiscal Risk Toolkit](https://www.imf.org/en/Topics/fiscal-policies/Fiscal-Risks/Fiscal-Risks-Toolkit)
- [Fiscal Transparency Code](https://www.imf.org/en/Topics/fiscal-policies/fiscal-transparency)
- [SOE Health Check Tool](https://www.imf.org/en/Topics/fiscal-policies/Fiscal-Risks/Fiscal-Risks-Toolkit/Fiscal-Risks-Toolkit-SOE-HCT)
- [SOE Stress Test Too](https://www.imf.org/en/Topics/fiscal-policies/Fiscal-Risks/Fiscal-Risks-Toolkit/Fiscal-Risks-Toolkit-SOE-ST)
- [Debt Guarantee and Loan Assessment Tool](https://www.imf.org/en/Topics/fiscal-policies/Fiscal-Risks/Fiscal-Risks-Toolkit/Fiscal-Risks-Toolkit-DGAT)
- [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)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/jv/2024/uamfrjv24-38_