Establishing a Fiscal Risk Management Department in the Ministry of Finance of Serbia

While current legislation in Serbia covers some fiscal risks and some aspects of how to manage them, important gaps remain in the country’s fiscal risk management framework. Based on discussions at a workshop on fiscal risk management held in Serbi...

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Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	FINANCE FISCAL TRENDS RISK MANAGEMENT FISCAL RISK
Online Access:	http://documents.worldbank.org/curated/en/135671490766760364/Establishing-a-fiscal-risk-management-department-in-the-Ministry-of-finance-of-Serbia http://hdl.handle.net/10986/26421

id	okr-10986-26421
recordtype	oai_dc
spelling	okr-10986-264212021-05-25T09:53:19Z Establishing a Fiscal Risk Management Department in the Ministry of Finance of Serbia World Bank FINANCE FISCAL TRENDS RISK MANAGEMENT FISCAL RISK While current legislation in Serbia covers some fiscal risks and some aspects of how to manage them, important gaps remain in the country’s fiscal risk management framework. Based on discussions at a workshop on fiscal risk management held in Serbia in March 2016, stakeholders from across the government have agreed on the need to establish a Fiscal Risk Management Department (FRMD) within the Ministry of Finance. The stated objective of the new department would be to strengthen fiscal risk management and coordination across the government. Specifically, the responsibilities of the department would include (i) ensuring that fiscal risks are properly identified, quantified, monitored, mitigated, and disclosed, and collecting all available information and analysis relevant for fiscal risk management; (ii) providing advice to the minister of finance on issues of fiscal risk and recommending actions to mitigate risks; and (iii) coordinating all government entities that are involved in or relevant for fiscal risk management 2017-04-21T16:28:42Z 2017-04-21T16:28:42Z 2017 Report http://documents.worldbank.org/curated/en/135671490766760364/Establishing-a-fiscal-risk-management-department-in-the-Ministry-of-finance-of-Serbia http://hdl.handle.net/10986/26421 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Other Financial Sector Study Economic & Sector Work Europe and Central Asia Serbia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	FINANCE FISCAL TRENDS RISK MANAGEMENT FISCAL RISK
spellingShingle	FINANCE FISCAL TRENDS RISK MANAGEMENT FISCAL RISK World Bank Establishing a Fiscal Risk Management Department in the Ministry of Finance of Serbia
geographic_facet	Europe and Central Asia Serbia
description	While current legislation in Serbia covers some fiscal risks and some aspects of how to manage them, important gaps remain in the country’s fiscal risk management framework. Based on discussions at a workshop on fiscal risk management held in Serbia in March 2016, stakeholders from across the government have agreed on the need to establish a Fiscal Risk Management Department (FRMD) within the Ministry of Finance. The stated objective of the new department would be to strengthen fiscal risk management and coordination across the government. Specifically, the responsibilities of the department would include (i) ensuring that fiscal risks are properly identified, quantified, monitored, mitigated, and disclosed, and collecting all available information and analysis relevant for fiscal risk management; (ii) providing advice to the minister of finance on issues of fiscal risk and recommending actions to mitigate risks; and (iii) coordinating all government entities that are involved in or relevant for fiscal risk management
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Establishing a Fiscal Risk Management Department in the Ministry of Finance of Serbia
title_short	Establishing a Fiscal Risk Management Department in the Ministry of Finance of Serbia
title_full	Establishing a Fiscal Risk Management Department in the Ministry of Finance of Serbia
title_fullStr	Establishing a Fiscal Risk Management Department in the Ministry of Finance of Serbia
title_full_unstemmed	Establishing a Fiscal Risk Management Department in the Ministry of Finance of Serbia
title_sort	establishing a fiscal risk management department in the ministry of finance of serbia
publisher	World Bank, Washington, DC
publishDate	2017
url	http://documents.worldbank.org/curated/en/135671490766760364/Establishing-a-fiscal-risk-management-department-in-the-Ministry-of-finance-of-Serbia http://hdl.handle.net/10986/26421
_version_	1764461894454738944

Establishing a Fiscal Risk Management Department in the Ministry of Finance of Serbia

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