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Assessing and Managing Risks from Contingent Liabilities Course

INTRODUCTION

This training will help government risk managers in identifying and classifying the key types of Contingent Labilities (CLs) countries are exposed to and the key characteristics of a government’s risk exposure. The training is highly interactive, delivered through a combination of presentations and case studies. The presentations serve to provide a framework for thinking through the issues of CL risk management, to provide some basic understanding of technical issues, and to serve as a base for the hands-on portion of the training. Participants put the lessons learned in the presentations into practice through case studies, group work and hands-on exercises. In addition to providing a framework for CL risk management, the training will focus on assessing and managing risks from government guarantees. At the end of the training, participants put all lessons into practice, presenting a holistic risk management framework for a chosen country.

DURATION

5 Days

WHO SHOULD ATTEND?

Government risk managers, particularly from debt and fiscal risk management offices, from WBG client countries, with a focus on IBRD and Blend countries.

COURSE OBJECTIVES

At the end of this IRES training seminar, you will learn to:

  • Determine how financial modeling techniques can be used to measure contingent liabilities
  • Demonstrate modern accrual accounting standards for optimum transparency and reporting contingent obligations
  • Implement risk tolerance lines for tracking contingent obligations during project execution

TOPICS TO BE COVERED

Introduction to Fiscal Risks and Contingent Liabilities

  • Learn fiscal risks and identify the main sources of fiscal risk
  • Understand contingent liabilities within the broader fiscal risk framework
  • Highlight the contingent liabilities risk management and how asset-liability management framework covers these risks

Types of Contingent Liabilities

  • Understand broad framework for contingent liabilities risk management
  • Highlight the specificities of key types of contingent liabilities and the risk management framework
  • Outline options on how to prioritize contingent liabilities
  • Highlight the differences in managing explicit and implicit contingent liabilities

Focus on Government Guarantees and Lending

  • Discuss the importance, types, and characteristics of government guarantees and lending Develop a strategy to manage risks from guarantees and lending
  • Understand how the specific context drives the design of a risk management framework

Evaluating and Measuring Contingent Liabilities as Part of Project Appraisal

  • Understanding the rationale for government assuming contingent liabilities in PPP Projects
  • Determining how contingent liabilities are reflected in the project risk matrix
  • Understanding how contingent liabilities serve to make PPP projects bankable
  • Avoiding hidden risks in PPP projects through back-to back risk allocation

Documenting and Disclosing Contingent Liabilities

  • Utilizing the various accrual accounting techniques to reflect government contingent obligations
  • Reviewing IMF financial reporting guidelines and International Financial Reporting Standards for contingent liabilities
  • Developing the best ways of structuring key contingent liabilities to limit government’s exposure
  • Interpreting the dangers involved in using PPPs to conceal government contingent liabilities

Financial Modeling Techniques to Measure Contingent Liabilities in PPPs

  • Determining financial modeling techniques that can be used to measure contingent liabilities
  • Planning for how contractual provisions dealing with revenue guarantees can be converted into financial formulae for a spreadsheet
  • Developing how probability analysis can be used to measure likely outcomes and the fiscal impact of contingent obligations

Managing Contingent Risks During Project Execution and the PPP Risk Management Unit

  • Understanding the procedures for managing contingent liabilities within the PPP project cycle
  • Examination of case studies of benchmark countries and the institutional processes for reviewing and budgeting contingent obligations
  • Lessons learned from failed projects and mismanagement of contingent liabilities

METHODOLOGY

The instructor led trainings are delivered using a blended learning approach and comprise of presentations, guided sessions of practical exercise, web-based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.

All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.

ACCREDITATION

Upon successful completion of this training, participants will be issued with an Indepth Research Services (IRES) certificate.

TRAINING VENUE

The training is residential and will be held at IRES training Centre. The course fee covers the course tuition, training materials, two break refreshments, lunch, and study visits.

All participants will additionally cater for their, travel expenses, visa application, insurance, and other personal expenses.

ACCOMMODATION

Accommodation is arranged upon request. For reservations contact the Training Officer.

Email:  This email address is being protected from spambots. You need JavaScript enabled to view it.   

Mob: +254 715 077 817

Tel: 020 211 3814

TAILOR- MADE

This training can also be customized for your institution upon request to a minimum of 4 participants. You can have it delivered in our training centre or at a convenient location.

For further inquiries, please contact us on Tel: +254715077817, +254(020) 211 3814 or mail This email address is being protected from spambots. You need JavaScript enabled to view it.

PAYMENT

Payment should be transferred to IRES account through bank on or before C.O.B. 17th February 2020.

Send proof of payment to This email address is being protected from spambots. You need JavaScript enabled to view it.

CANCELLATION POLICY

Payment for all courses includes a registration fee, which is non-refundable and equals 15% of the total sum of the course fee.

1.    Participants may cancel attendance 14 days or more prior to the training commencement date.

2.    No refunds will be made 14 days or less to the training commencement date. However, participants who are unable to attend may opt to attend a similar training at a later date, or send a substitute participant provided the participation criteria have been met.

Please Note: The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.

Event Properties

Event Duration 5 Days
Event Date 24-02-2020
Event End Date 28-02-2020
Cut off date 17-02-2020
Individual Price(Kenyan) KES 69,000
Individual Price (International) EUR 790
Individual Price(International in Dollars) USD 920
Location Nairobi, Kenya
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