Monitoring and Managing Fiscal Risks in the East African Community

Paolo Mauro, Herve Joly, Ari Aisen, C. Emre Alper, François Boutin-Dufresne, Jemma Dridi, Nikoloz Gigineishvili, Tom Josephs, Clara Mira, Vimal Thakoor, Alun Thomas and Fan Yang

No 2015/009, IMF Departmental Papers / Policy Papers from International Monetary Fund

Abstract: This paper takes stock of the main fiscal risks facing the EAC partner countries. These include macroeconomic shocks, and specific risks, such as the financial performance of the public enterprises, large infrastructure projects, PPPs, and pension funds. In addition, weaknesses in the institutional framework are reviewed. This analysis highlights some of the largest risks and begins to give a sense of the potential magnitudes involved.

Keywords: DPPP; DP; government; public enterprise; natural resource; country; EAC country; central government; EAC partner state; economic growth; General government expenditure; Public enterprises; Fiscal risks; Budget planning and preparation; Africa; Global (search for similar items in EconPapers)
Pages: 39
Date: 2015-08-13
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