Fiscal Risk Management — KNOWLEDGE HUB

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Fiscal Risk Management — KNOWLEDGE HUB

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Overview

• The International Monetary Fund (IMF) has prepared a wide range of guidance to help countries better understand and manage fiscal risks.
• Guidance includes high-level analytical and policy papers, detailed How to Notes on approaches to analyzing and managing specific fiscal risks, and country-tailored capacity development reports.
• The materials aim to strengthen monitoring, analysis, management, and reporting of fiscal risks tailored to country circumstances.

Types of guidance and tools

• High-level analytical and policy papers that articulate frameworks for fiscal risk assessment and management.
• Detailed How to Notes providing step-by-step approaches to analyze and manage discrete fiscal risks.
• Country capacity development reports focused on strengthening institutional frameworks and technical capacity to monitor and manage fiscal risks.

Thematic coverage and analytical focus

• Fiscal risks related to state-owned enterprises and government support mechanisms.
• Fiscal risks arising from public-private partnerships and infrastructure projects.
• Quasi-fiscal operations and central bank crisis interventions.
• Fiscal risks at subnational government levels.
• Climate change implications for public sector balance sheets and fiscal exposures.
• Managing fiscal risks during periods of fiscal stress and in the context of pandemic-related policy interventions.

Capacity development and knowledge dissemination

• Capacity development activities include online courses, regional workshops, and virtual workshops designed to build practical skills in assessing and managing fiscal risks.
• Knowledge products are complemented by analytical blogs and applied tools that illustrate benchmarking, stress testing, and fiscal risk assessment methodologies.

Purpose and policy relevance

• The IMF’s guidance is intended to improve the credibility and resilience of public finances by promoting systematic monitoring, transparent reporting, and proactive management of fiscal risks.
• Emphasis on tailored approaches recognizes differing country circumstances and the need for institution-specific solutions.

Content in this bundle

• COVID-19: How to Record Government Policy Interventions in Fiscal Statistics
  • COVID-19: How to Record Government Policy Interventions in Fiscal Statistics (Markdown version)
  • COVID-19: How to Record Government Policy Interventions in Fiscal Statistics (PDF)
• Government Support to State-Owned Enterprises: Options for Sub-Saharan Africa
  • Government Support to State-Owned Enterprises: Options for Sub-Saharan Africa (Markdown version)
  • Government Support to State-Owned Enterprises: Options for Sub-Saharan Africa (PDF)
• Managing Fiscal Risks Under Fiscal Stress
  • Managing Fiscal Risks Under Fiscal Stress (Markdown version)
  • Managing Fiscal Risks Under Fiscal Stress (PDF)
• 2021 04 Fad Jvi Fiscal Risks Program Agenda April 21
  • 2021 04 Fad Jvi Fiscal Risks Program Agenda April 21 (Markdown version)
  • 2021 04 Fad Jvi Fiscal Risks Program Agenda April 21 (PDF)
• Agenda Ccamtac Workshop on Soe Fiscal Risks April 2021
  • Agenda Ccamtac Workshop on Soe Fiscal Risks April 2021 (Markdown version)
  • Agenda Ccamtac Workshop on Soe Fiscal Risks April 2021 (PDF)
• Latin America Virtual Workshop on Fiscal Risk Management Toolkit
  • Latin America Virtual Workshop on Fiscal Risk Management Toolkit (Markdown version)
  • Latin America Virtual Workshop on Fiscal Risk Management Toolkit (PDF)
• Courseonlinefrdssept2021
  • Courseonlinefrdssept2021 (Markdown version)
  • Courseonlinefrdssept2021 (PDF)

References

• Managing Fiscal Risks in the Middle East and North Africa (June 2023)
• Quasi-Fiscal Implications of Central Bank Crisis Interventions (June 2023)
• The State as Financier of Last Resort (October 2022)
• How to Manage Fiscal Risks from Subnational Governments (September 2022)
• Georgia: Technical Assistance Report-Updating the Balance Sheet and Quantifying Fiscal Risks From Climate Change (May 2022)
• The Nexus Between Public Enterprise Governance, Financial Performance, and Macroeconomic Vulnerabilities: An Application to Moldova (March 2022)
• Strengthening the Credibility of Public Finances (Oct 2021)
• State-Owned Enterprises in Middle East, North Africa, and Central Asia: Size, Costs, and Challenges (Sept 2021)
• How to Assess Fiscal Risks from State-Owned Enterprises: Benchmarking and Stress Testing (Aug 2021)
• Mastering the Risky Business of Public-Private Partnerships in Infrastructure (May 2021)
• Managing Fiscal Risks from State-Owned Enterprises (July 2020)
• SEE ALL PUBLICATIONS
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• Assessing Fiscal Risks from State-Owned Enterprises: Benchmarking and Stress Testing
• The Cost of Future Policy: Intertemporal Public Sector Balance Sheets in the G7
• Fiscal Risk Management Tools for Latin America
• The FRAT Brings Order to the Fiscal Risk Party