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...
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| Format: | Viewpoint |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/1998/08/441602/contingent-liabilities-infrastructure-projects-implementing-risk-management-framework-governments http://hdl.handle.net/10986/11539 |
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okr-10986-115392021-06-14T11:03:25Z Contingent Liabilities for Infrastructure Projects : Implementing a Risk Management Framework for Governments Lewis, Christopher M. Mody, Ashoka 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 RISK MANAGEMENT GOVERNMENT GUARANTEES INFRASTRUCTURE PROJECTS RESERVE AGAINST LOSSES BUDGETING LENDING POLICY RISKS IN INVESTMENTS BUSINESS RISK RISK MANAGEMENT PROCESS ACCOUNTING SYSTEMS HEDGING 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. 2012-08-13T15:20:25Z 2012-08-13T15:20:25Z 1998-08 http://documents.worldbank.org/curated/en/1998/08/441602/contingent-liabilities-infrastructure-projects-implementing-risk-management-framework-governments Viewpoint. -- Note no. 148 (August 1998) http://hdl.handle.net/10986/11539 English Viewpoint CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Viewpoint Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
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 RISK MANAGEMENT GOVERNMENT GUARANTEES INFRASTRUCTURE PROJECTS RESERVE AGAINST LOSSES BUDGETING LENDING POLICY RISKS IN INVESTMENTS BUSINESS RISK RISK MANAGEMENT PROCESS ACCOUNTING SYSTEMS HEDGING |
| spellingShingle |
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 RISK MANAGEMENT GOVERNMENT GUARANTEES INFRASTRUCTURE PROJECTS RESERVE AGAINST LOSSES BUDGETING LENDING POLICY RISKS IN INVESTMENTS BUSINESS RISK RISK MANAGEMENT PROCESS ACCOUNTING SYSTEMS HEDGING Lewis, Christopher M. Mody, Ashoka Contingent Liabilities for Infrastructure Projects : Implementing a Risk Management Framework for Governments |
| relation |
Viewpoint |
| description |
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. |
| format |
Publications & Research :: Viewpoint |
| author |
Lewis, Christopher M. Mody, Ashoka |
| author_facet |
Lewis, Christopher M. Mody, Ashoka |
| author_sort |
Lewis, Christopher M. |
| title |
Contingent Liabilities for Infrastructure Projects : Implementing a Risk Management Framework for Governments |
| title_short |
Contingent Liabilities for Infrastructure Projects : Implementing a Risk Management Framework for Governments |
| title_full |
Contingent Liabilities for Infrastructure Projects : Implementing a Risk Management Framework for Governments |
| title_fullStr |
Contingent Liabilities for Infrastructure Projects : Implementing a Risk Management Framework for Governments |
| title_full_unstemmed |
Contingent Liabilities for Infrastructure Projects : Implementing a Risk Management Framework for Governments |
| title_sort |
contingent liabilities for infrastructure projects : implementing a risk management framework for governments |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/1998/08/441602/contingent-liabilities-infrastructure-projects-implementing-risk-management-framework-governments http://hdl.handle.net/10986/11539 |
| _version_ |
1764417100017827840 |