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Assessing Fiscal Risks in Bangladesh [electronic resource] Medina, Leandro..

Author/Creator:
Medina, Leandro.
Publication:
Washington, D.C. : International Monetary Fund, 2015.
Format/Description:
Government document
Book
1 online resource (26 p.)
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 15/110.
IMF Working Papers; Working Paper No. 15/110.
Status/Location:
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Local subjects:
Commodity prices. (search)
Contingent liabilities. (search)
Debt. (search)
Debt Management. (search)
Exchange rate. (search)
External borrowing. (search)
External shocks. (search)
Fiscal Policy. (search)
Fiscal risk. (search)
Fiscal risks. (search)
Forecasts of Budgets, Deficits, and Debt. (search)
Guarantees. (search)
Loan guarantees. (search)
Pensions. (search)
Public debt. (search)
Public Expenditures, Investment, and Finance. (search)
Sensitivity analysis. (search)
Sovereign debt. (search)
Taxation. (search)
Bangladesh. (search)
Summary:
This paper identifies, quantifies, and assesses fiscal risks in Bangladesh. By performing sensitivity analysis and using stochastic simulations, it measures risks arising from shocks to GDP growth, the exchange rate, commodity prices, and interest rates. It also analyzes specific fiscal and institutional risks, such as those related to the pension system, the issuance of guarantees, the state-owned commercial banks, and the external borrowing and debt management strategy. The paper finds that fiscal aggregates are particularly sensitive to shocks to commodity prices and exchange rates. Other factors that could affect fiscal aggregates are the unfunded pension system and the limited institutional capacity.
Notes:
Description based on print version record.
Contributor:
Medina, Leandro.
Other format:
Print Version:
ISBN:
1513551086:
9781513551081
ISSN:
1018-5941
Publisher Number:
10.5089/9781513551081.001
Access Restriction:
Restricted for use by site license.