Contingent Liabilities for Infrastructure Projects : Implementing a Risk Management Framework for Governments
To manage their exposure arising from
guarantees to infrastructure projects, governments need to
adopt modern risk management techniques. The authors
introduce an integrated risk management system that draws on
recent advances in the private sector. Adapted for use in
the public sector, the system enables governments to budget
for expected losses and to set aside reserves against
unexpected losses, thus avoiding the budgetary stress
associated with redirecting scarce public resources to cover
a sudden increase in costs.
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Bibliographic Details
| Main Authors: |
Lewis, Christopher M.,
Mody, Ashoka |
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| Language: | English |
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| Published: |
World Bank, Washington, DC
1998-08
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| Subjects: | ACCOUNTING,
BALANCE SHEET,
BUDGET ACCOUNTING,
CONTINGENT LIABILITIES,
COST OF CAPITAL,
DECISIONMAKING,
EXPENDITURES,
FACE VALUE,
GOVERNMENT INSURANCE,
INSURANCE,
INSURANCE CONTRACTS,
INSURANCE PRODUCTS,
LOAN GUARANTEES,
MARKET VALUE,
NATIONAL BUDGET,
PERVERSE INCENTIVES,
PRESENT VALUE,
PRIVATE SECTOR,
PROGRAMS,
PROVISIONING,
PUBLIC RESOURCES,
PUBLIC SECTOR,
PUBLIC SECTOR PROJECTS,
PUBLIC SPENDING,
QUOTAS,
RESERVES,
RISK AVERSION,
RISK MANAGEMENT,
RISK MANAGEMENT SYSTEM CONTINGENT LIABILITY,
GOVERNMENT GUARANTEES,
INFRASTRUCTURE PROJECTS,
RESERVE AGAINST LOSSES,
BUDGETING,
LENDING POLICY,
RISKS IN INVESTMENTS,
BUSINESS RISK,
RISK MANAGEMENT PROCESS,
ACCOUNTING SYSTEMS,
HEDGING, |
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| Online Access: | http://documents.worldbank.org/curated/en/1998/08/441602/contingent-liabilities-infrastructure-projects-implementing-risk-management-framework-governments
https://hdl.handle.net/10986/11539
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