Publication:
A Framework for Managing Government Guarantees

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dc.contributor.authorRazlog, Lilia
dc.contributor.authorIrwin, Tim
dc.contributor.authorMarrison, Chris
dc.date.accessioned2020-05-29T17:41:20Z
dc.date.available2020-05-29T17:41:20Z
dc.date.issued2020-05
dc.description.abstractManaging government debt guarantees is difficult because the potential costs of guarantees are hard to estimate and typically do not show up in the reported budget deficit. A good framework for managing guarantees can, however, help governments overcome the difficulty and enhance the transparency of guarantees. This paper sets out a checklist of issues for a government to consider when designing or revisiting its framework for managing guarantees. The checklist comprises: (1) steps to establish macroeconomic control over guarantees by setting limits on their use and restricting the authorization to grant them; (2) steps to improve decisions to grant individual guarantees by means of guidelines, restrictions, conditions, cost estimation, guarantees fees, and a structured process for making the decisions; and (3) steps to ensure careful management after the granting of guarantees, including the recording and reporting of guarantees, arrangements to pay when necessary, and learning from past experience.en
dc.identifierhttp://documents.worldbank.org/curated/en/444621590552809834/A-Framework-for-Managing-Government-Guarantees
dc.identifier.doi10.1596/33828
dc.identifier.urihttps://hdl.handle.net/10986/33828
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesMTI Discussion Paper;No. 20
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectDEBT MANAGEMENT
dc.subjectFISCAL RISK
dc.subjectDEBT GUARANTEES
dc.subjectCONTINGENT LIABILITY
dc.subjectON-LENDING
dc.subjectPUBLIC FINANCIAL MANAGEMENT
dc.titleA Framework for Managing Government Guaranteesen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleA Framework for Managing Government Guarantees
okr.date.disclosure2020-05-27
okr.doctypePublications & Research
okr.doctypePublications & Research::Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/444621590552809834/A-Framework-for-Managing-Government-Guarantees
okr.guid444621590552809834
okr.identifier.doi10.1596/33828
okr.identifier.externaldocumentum090224b08798bae5_2_0
okr.identifier.internaldocumentum32067936
okr.identifier.report148801
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/444621590552809834/pdf/A-Framework-for-Managing-Government-Guarantees.pdfen
okr.topicPublic Sector Development::Public Financial Management
okr.topicPublic Sector Development::Public Sector Economics
okr.topicPublic Sector Development::State Owned Enterprise Reform
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Public & Municipal Finance
okr.topicGovernance::Governance and the Financial Sector
okr.unitEFI-MTI-Global Macro and Debt (EMFMD)
relation.isAuthorOfPublication4cdd14e3-d673-5b41-bfda-166d60c2e404
relation.isAuthorOfPublication.latestForDiscovery4cdd14e3-d673-5b41-bfda-166d60c2e404
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