Fiscal Risk Management

This one-week course highlights the main sources of fiscal risk confronting governments and outlines practical mitigation strategies and institutional arrangements. The programme examines risks linked to government guarantees, loans, State-Owned Enterprises, and Public-Private Partnerships.

This programme provides a comprehensive understanding of fiscal risk management, focusing on identifying, assessing, and mitigating risks that can affect public finances and economic stability. It equips participants with the tools and frameworks needed to manage budgetary, debt, and contingent liabilities while supporting sound financial decision-making.

Objective

• Understand the main sources of fiscal risks that affect governments.
• Recognize the significance and components of a Fiscal Risk Statement and Register.
• Understand profitability, liquidity and solvency risks and mitigation strategies for State-Owned Enterprises.
• Demonstrate and understanding of the techniques and tools available to manage fiscal risks.
• Analyze risks from government loans and guarantees.
• Measuring and quantifying fiscal exposure and vulnerability
• Developing strategies to mitigate fiscal risks, including risk-sharing mechanisms and hedging techniques
• Integrating fiscal risk management into budget planning, debt management, and public financial management frameworks