A Framework to Assess the Fiscal Risks of Public Bodies: Jamaica

Rohan Longmore (), Marta Riveira Cazorla () and Marijn Verhoeven ()
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Rohan Longmore: World Bank
Marta Riveira Cazorla: World Bank
Marijn Verhoeven: World Bank

World Bank - Economic Premise, 2014, issue 146, 1-8

Abstract: This note outlines a framework for assessing the extent of fiscal risks inherent in the operations of public bodies (PBs), highlighting eight applications in Jamaica. Scenario analysis and stress testing are two components used to determine the combined effects of company- and sector-specific risk factors and macroeconomic shocks on selected PBs. The framework results can help identify the contributions of PBs, as well as determine the PBs’ required budget allocations. The framework also provides an opportunity to determine the potential impact of fiscal risks on a country’s debt dynamics.

JEL-codes: E6 H1 H3 H4 (search for similar items in EconPapers)
Date: 2014
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