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Monitoring and Managing Fiscal Risks in the East African Community

By Mr.Paolo Mauro, Mr.Herve Joly, Mr.Ari Aisen, Mr.Emre Alper, Mr.Francois Boutin-Dufresne, Mr.Jemma Dridi, Mr.Nikoloz Gigineishvili, Mr.Tom Josephs, Ms.Clara Mira, Mr.Vimal V Thakoor, Mr.Alun H. Thomas, Mr.Fan Yang

Monitoring and Managing Fiscal Risks in the East African Community
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This paper takes stock of the main fiscal risks facing the EAC partner countries. These include macroeconomic shocks, and specific risks, such as the financial performance of the public enterprises, large infrastructure projects, PPPs, and pension funds. In addition, weaknesses in the institutional framework are reviewed. This analysis highlights some of the largest risks and begins to give a sense of the potential magnitudes involved.

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