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Fiscal Policy

Understanding, Assessing and Managing Fiscal Risks (UAMFR)

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Session No.: CE 24.07

Location: Kuwait City, Kuwait

Date: March 3-7, 2024 (1 week)

Delivery Method: In-person Training

Primary Language: English

Interpretation Language: Arabic

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.

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Qualifications

Participants are expected to have relevant experience in fiscal policy, budgeting, treasury, and debt management, or fiscal risk management and have knowledge of Excel.

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Course Description

This course, presented by the Fiscal Affairs Department (FAD), forms part of FAD’s Fiscal Risk Work Program, and discusses key institutions that help governments better understand, monitor, and manage risks to public finances. It provides an overview of the key sources of fiscal risks, approaches to analyzing and mitigating them, and institutional arrangements for dealing with them. It provides an overview of  FAD’s Fiscal Risk Toolkit, which comprises a range of practical eExcel-based tools to assist countries in analyzing and quantifying their fiscal risk exposures, as well as training on the application of some of the newest tools in the Toolkit. The course also discusses standards for reporting and disclosing fiscal risks – as prescribed in the IMF’s Fiscal Transparency Code.

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Course Objectives

Upon completion of this course, participants should be able to:

  • Define fiscal risks and contingent liabilities and identify their key characteristics. 
  • Identify the main fiscal risks a country may face, and assess and prioritize these risks according to their relevance.
  • Understand the main techniques and approaches used to assess macro-fiscal and risks from specific  sources such as government loan guarantees, state-owned enterprises, and public-private partnerships. 
  • Identify institutional arrangements that support effective fiscal risk monitoring and management.
  • Prepare a fiscal risk statement.
     
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