Contingent Liability Risks from State-Owned Enterprises
Countries across all continents face the challenge of managing contingent liabilities arising from multiple sources, including state-owned enterprises (SOEs), parastatals, off-budget financing arrangements, civil servant entitlement schemes etc. Th...
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| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2009/06/11936535/contingent-liability-risks-state-owned-enterprises http://hdl.handle.net/10986/10543 |
| Summary: | Countries across all continents face the
challenge of managing contingent liabilities arising from
multiple sources, including state-owned enterprises (SOEs),
parastatals, off-budget financing arrangements, civil
servant entitlement schemes etc. The current financial
crisis has made countries even more vulnerable to the severe
impact of contingent liabilities on government finances,
creating an urgent need to institutionalize systems to
control and mitigate fiscal risks arising from these
contingent liabilities. This note captures the technical
advice provided by the Public Sector Performance (PSP)
Global Expert Team (GET) in response to a just-in-time
request by Bank staff working with government officials in a
Middle-Eastern country to manage contingent liability risks
arising from SOEs. |
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