Monitoring and Managing Fiscal Risks in the East African Community

Author: Mr. Paolo Mauro, Mr. Herve Joly, Mr. Ari Aisen, Mr. Emre Alper, Mr. Francois Boutin-Dufresne, Mr. Jemma Dridi, Mr. Nikoloz Gigineishvili, Mr. Tom Josephs, Ms. Clara Mira, Mr. Vimal V Thakoor, Mr. Alun H. Thomas, and Mr. Fan Yang

This paper takes stock of the main fiscal risks facing the EAC partner countries.

Volume/Issue: Volume 2015 Issue 009

Publication date: August 2015

ISBN: 9781513551265

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Economics- Macroeconomics , Public Finance , 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

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Summary

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.