CABEI and WB join efforts to reduce fiscal risk in the region’s PPPs
During the first training session, attendees will strengthen capacities for fiscal risk management of PPPs in the Central American region.
Tegucigalpa, October 24, 2016. – Today, the Central American Bank for Economic Integration (CABEI) and the World Bank Group (WB) inaugurated the first module of the Training Program, “2016-2017 Public Private Partnerships (PPPs) in Central America.”
The first module, which will have a duration of five days, will address the following issues: risk allocation, value for money and fiscal risk management in PPP projects. In addition, using projects executed or in the preparation stage as a basis, the training will also cover such subjects as risk allocation and mitigation and the convenience of using PPPs or public work in the implementation or financing of a project.
Furthermore, the training program will provide attendees with tools to identify and evaluate the impact of fiscal commitments and contingent liabilities of PPP projects in fiscal accounts through the fiscal risk assessment model (PFRAM) prepared by the International Monetary Fund and the World Bank.
The inauguration was attended by the CABEI Sectors and Countries Manager, Mr. Horacio Leiva, and the World Bank Representative for Honduras, Latin America and the Caribbean, Mr. Giorgio Valentini. Leiva emphasized that the objective of the first training module is to strengthen capacities for fiscal risk management of the region’s PPPs. The training is targeted at officials from the Ministries of Treasury or Finance responsible for monitoring fiscal risk and its impact on fiscal accounts.
The module will last 35 academic hours organized into workshops, case studies, presentation of experiences and a debate. Training attendees include representatives from the Ministries of Treasury and Finance of the 6 countries in the region. The keynote presentations will be given by experts from the World Bank, International Monetary Fund and International Finance Corporation, as well as by representatives from COALIANZA, the Peruvian Ministry of Economy and Finance and the Colombian Ministry of Finance, who will share their experiences on the subject.
