Georgia Technical Assistance Report Updating The Balance Sheet And Quantifying Fiscal Risks From Climate Change
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Georgia Technical Assistance Report Updating The Balance Sheet And Quantifying Fiscal Risks From Climate Change
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2022-05-27
Georgia Technical Assistance Report Updating The Balance Sheet And Quantifying Fiscal Risks From Climate Change written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-05-27 with Business & Economics categories.
The Georgian Ministry of Finance (MoF) has continued to progress its analysis and reporting of fiscal risks, with its annual Fiscal Risk Statement (FRS) becoming the leading example in the region. In addition to detailed discussions of risks from SOEs and the balance sheet, amongst other, the December 2020 FRS included for the first time a qualitative discussion on the fiscal risks from climate change. Looking ahead, the government has committed to strengthening that further with the inclusion of quantitative estimates in the 2022 version of the FRS. This report provides the tools and analytical approaches to support that, as well as an update to the public sector balance (PSBS) sheet to identify the impact of the pandemic.
Review Of The Climate Macroeconomic Assessment Program Pilots
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2023-06-16
Review Of The Climate Macroeconomic Assessment Program Pilots written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-06-16 with Business & Economics categories.
This paper reviews the two Climate Macroeconomic Assessment Program (CMAP) pilots and proposes a way forward. It builds on the experience of the previous six Climate Change Policy Assessment (CCPA) pilots, and the recent rollout of the World Bank’s Country Climate and Development Report (CCDR). It also accounts for early experience with countries requesting support under the Fund’s Resilience and Sustainability Trust (RST). Based on the lessons from pilots and recent developments, staff proposes to streamline the CMAP to focus on the Fund’s comparative advantages in the areas of mitigation, PFM and macro-fiscal impact of climate change policies, provide a streamlined CMAP in exceptional circumstances, and expand more targeted CD in particular in support of RSF countries. This focused and tailored approach would benefit members as it is more agile, allows the Fund to serve more members within the same resource envelope and enhance synergies with other Fund products and the World Bank’s CCDR.
Mitigating Fiscal Risks In Oman
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Author : Abdullah Alhassan
language : en
Publisher: International Monetary Fund
Release Date : 2024-06-05
Mitigating Fiscal Risks In Oman written by Abdullah Alhassan and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-06-05 with Business & Economics categories.
Fiscal risks are multifaceted in Oman and their potential impact on the fiscal position could be significant. Identification, monitoring, transparent reporting, and effective risk management of fiscal risks are a key component of a sound medium-term fiscal framework and paramount in underpinning fiscal credibility and the sustainability of public finances. This note revisits the exposure of Oman’s fiscal position to an array of potential risks, zooming in on the impact of oil price volatility and potential risks stemming from state-owned enterprises. It documents actions taken by Omani policymakers to mitigate the impact of fiscal risks and provides further recommendations on fiscal risk disclosure and management.
Kenya
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Author : International Monetary Fund. Fiscal Affairs Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2024-02-22
Kenya written by International Monetary Fund. Fiscal Affairs Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-02-22 with Business & Economics categories.
The Climate Module of the Public Investment Management Assessment for Kenya reveals strong performance in climate-aware planning and coordination. However, the analysis identifies challenges incorporating climate sensitivity in the project appraisal, selection, budgeting, and fiscal risk management processes. Implementing targeted modifications in these areas, such as enhancing project appraisal and selection criteria to include climate impacts, improving mechanisms for tracking climate expenditures, and expanding fiscal risk analysis to cover climate-related risks, could strengthen Kenya's public investment management practices and promote greater climate resilience.
Republic Of Kosovo
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Author : International Monetary Fund. Fiscal Affairs Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2023-12-04
Republic Of Kosovo written by International Monetary Fund. Fiscal Affairs Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-12-04 with Business & Economics categories.
Kosovo is rightly working to improve its public investment management to support future economic growth and improvements in wellbeing. This assessment applies the IMF Public Investment Management Assessment (PIMA) framework, including the Climate-PIMA module. It finds that there have been improvements in Kosovo’s public investment management institutions since the original 2015 PIMA assessment—but the design of these institutions is stronger than their effectiveness in practice. Continued reforms are needed to strengthen the project appraisal process, improve the pace of project implementation, and increase central support for major projects. Like most other countries, Kosovo is at an early stage of incorporating climate aspects into public investment management. Strengthening the alignment between climate goals and sectoral infrastructure planning and delivery will be needed to ensure that infrastructure investments are resilient and assist Kosovo in meeting is climate objectives.
Armenia
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Author : International Monetary Fund. Fiscal Affairs Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2022-10-26
Armenia written by International Monetary Fund. Fiscal Affairs Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-10-26 with Business & Economics categories.
Armenia is facing considerable fiscal risks from climate change due to increasing and highly variable temperatures. This report provides guidance on how to quantify those risks over the long term, using an empirical approach to identify the potential impact of a range of temperature scenarios on GDP and the public finances. It finds that an extreme unmitigated temperature scenario that incorporates higher year to year variability could reduce GDP by 18 percent relative to baseline, and lead to unsustainable public debt trajectory by 2070. It also finds particular exposures to climate change on the state’s balance sheet through its SOE, PPP and on lending portfolio in the energy, water and transport sectors.
Oman
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Author : International Monetary Fund. Middle East and Central Asia Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2024-01-29
Oman written by International Monetary Fund. Middle East and Central Asia Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-01-29 with Business & Economics categories.
Oman: Selected Issues
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Author : International Monetary
language : ar
Publisher: International Monetary Fund
Release Date : 2024-01-29
written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-01-29 with Business & Economics categories.
This Selected Issues paper revisits the exposure of Oman’s fiscal position to an array of potential risks, zooming in on the impact of oil price volatility and potential risks stemming from state-owned enterprises. It documents actions taken by Omani policymakers to mitigate the impact of fiscal risks and provides further recommendations on fiscal risk disclosure and management. Better understanding of fiscal risks, combined with their transparent reporting and effective risk management underpin fiscal credibility and the sustainability of public finances. The annual budget can disclose guarantees, related beneficiaries, the expected duration, and the intended purpose. It is essential to identify and disclose the main fiscal risks from climate-related events and Oman’s climate agenda, both in qualitative and quantitative terms. Effective fiscal policymaking and fiscal risk management require appropriate coordination of decision making between central government and other parts of the public sector.
Bulletin Of The Atomic Scientists
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Author :
language : en
Publisher:
Release Date : 1970-06
Bulletin Of The Atomic Scientists written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1970-06 with categories.
The Bulletin of the Atomic Scientists is the premier public resource on scientific and technological developments that impact global security. Founded by Manhattan Project Scientists, the Bulletin's iconic "Doomsday Clock" stimulates solutions for a safer world.
Bulletin Of The Atomic Scientists
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Author :
language : en
Publisher:
Release Date : 1970-12
Bulletin Of The Atomic Scientists written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1970-12 with categories.
The Bulletin of the Atomic Scientists is the premier public resource on scientific and technological developments that impact global security. Founded by Manhattan Project Scientists, the Bulletin's iconic "Doomsday Clock" stimulates solutions for a safer world.