Series: IMF Staff Position Notes
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 16 July 2009
Keywords: External shocks, Financial risk, Financial sector, Financial systems, Contingent liabilities, Fiscal sector, Fiscal policy, Public debt, Transparency, disclosure of information
This paper discusses appropriate methods for disclosing fiscal risks from exogenous shocks and the realization of explicit or implicit contingent obligations of the government. Expanding on previous guidance prepar...