Title Page
FISCAL AFFAIRS
HOW TO NOTES
How to Assess Fiscal Risks from State-Owned Enterprises
Benchmarking and Stress Testing
NOTE 21/09
Title Page
Fiscal Affairs Department
How to Assess Fiscal Risks from State-Owned Enterprises
Benchmarking and Stress Testing
Prepared by Fiscal Affairs Department Staff: Anja Baum, Paulo Medas, Alberto Soler, and Mouhamadou Sy
INTERNATIONAL MONETARY FUND
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©2021 International Monetary Fund
Cover Design: IMF Creative Services
Composition: The Grauel Group
HOW TO NOTE
Fiscal Affairs Department
How to Assess Fiscal Risks from State-Owned Enterprises: Benchmarking and Stress Testing
Prepared by Fiscal Affairs Department Staff: Anja Baum, Paulo Medas, Alberto Soler, and Mouhamadou Sy
Names: Baum, Anja, 1985- | Medas, Paulo A. | Soler, Alberto (Economist). | Sy, Mouhamadou. | International Monetary Fund. Fiscal Affairs Department, issuing body. | International Monetary Fund, publisher.
Title: How to assess fiscal risks from state-owned enterprises : benchmarking and stress testing / prepared by Fiscal Affairs Department Staf: Anja Baum, Paulo Medas, Alberto Soler, and Mouhamadou Sy.
Other titles: How to notes (International Monetary Fund).
Description: Washington, DC : International Monetary Fund, 2021. | August 2021. | Includes bibliographical references.
Identifiers: ISBN 9781513591186 (paper)
Subjects: LCSH: Risk assessment. | Government business enterprises. | Finance, Public.
Classification: LCC HD61.B38 2021
DISCLAIMER: Fiscal Affairs Department (FAD) How to Notes offer practical advice from IMF staff members to policymakers on important economic 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.
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Contents
Introduction
SOE’s Link to Public Accounts
The Template: Overview
Inputs and Assumptions
Benchmarking
Forward-Looking Analysis: Baseline and Stress Scenarios
Baseline
Stress Scenario
Annex 1. Structure of the Template: Inputs and Outputs
References
