Front Matter
Author:
International Monetary Fund. Fiscal Affairs Dept.
Search for other papers by International Monetary Fund. Fiscal Affairs Dept. in
Current site
Google Scholar
Close

Front Matter Page

How to Notes

FISCAL POLICY

How to Strengthen the Management of Government Guarantees

FISCAL AFFAIRS DEPARTMENT | INTERNATIONAL MONETARY FUND

Front Matter Page

©2017 International Monetary Fund

Cover Design: IMF Multimedia Services

Composition: The Grauel Group

Cataloging-in-Publication Data

Joint Bank-Fund Library

Names: Saxena, Sandeep | International Monetary Fund. Fiscal Affairs Department.

Title: How to Strengthen the Management of Government Guarantees/ this note was prepared by Sandeep Saxena.

Other titles: Fiscal policy, how to improve the financial oversight of public corporations | How to notes (International Monetary Fund); 5

Description: [Washington, DC] : Fiscal Affairs Department, International Monetary Fund, 2017. | How to notes / International Monetary Fund; 5 | October 2017. | Includes bibliographical references.

Identifiers: ISBN 9781484316436

Subjects: LCSH: Corporate governance—Quality control. | Corporations--Evaluation.

ISBN 978–1-48431–643-6 (paper)

DISCLAIMER: Fiscal Affairs Department (FAD) How-To Notes offer practical advice from IMF staff members to policymakerson important fiscal issues. The views expressed in FAD How-To Notes are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Publication orders may be placed online, by fax, or through the mail:

International Monetary Fund, Publication Services

PO Box 92780, Washington, DC 20090, U.S.A.

Tel.: (202) 623–7430 Fax: (202) 623–7201

Email: publications@imf.org

www.imfbookstore.org

Contents

  • Introduction

  • Types of Guarantees

  • Evaluating a Guarantee Proposal

  • Mitigating Risks

  • Budgeting for Guarantees

  • Accounting and Reporting for Guarantees

  • Strengthening the Institutional Arrangements

  • Boxes

  • Box 1. Steps to Strengthen the Management of Guarantees

  • Box 2. The Netherlands’ Policy Framework for Contingent Liabilities

  • Box 3. United Kingdom’s Checklist for Evaluating Proposals for Contracting Contingent Liabilities

  • Box 4. Credit Risk Valuation in Colombia and Turkey

  • Box 5. Limiting Guarantees in Brazil

  • Box 6. Determining Guarantee Fees in the Australian State of New South Wales

  • Box 7. Budgeting for Loans and Guarantees in the United States

  • Box 8. New Zealand: Reporting of Contingent Liabilities

  • Box 9. Monitoring of Guarantees in Iceland

  • Figure

  • Figure 1. Stock of Government Guarantees in European Countries (2015)

  • Table

  • Table 1. Practice on Budgeting for Guarantees

  • References

  • Collapse
  • Expand
How to Strengthen the Management of Government Guarantees
Author:
International Monetary Fund. Fiscal Affairs Dept.