Please use this identifier to cite or link to this item: http://hdl.handle.net/20.500.11762/19837
Title: Fiscal risk assessment of contingent liabilities associated with natural disasters: The Colombian experience
metadata.dc.creator: The World Bank
metadata.dc.source: © The World Bank
Issue Date: 2012
Publisher: The World Bank
Abstract: The report titled Contingent Liabilities: The Colombian Experience, is the first publication on the management of contingent liabilities in Colombia. Published by the Ministry of Finance and Public Credit (MHCP), the report highlights technical and normative efforts and policy reforms on the management of contingent liabilities implemented by the Colombian Government. Policy reforms disclosed in the report pertain to the management of contingent liabilities borne by the Government from four different sources, namely public credit operations, contractual public-private partnerships on infrastructure development, legal actions against the Colombian Government, and contingencies resulting from natural disasters. Importantly, although natural disasters are the second most important source of contingent liabilities faced by the Colombian Government, most formal policy reforms have been directed to the institutionalization of managing the first three sources of contingencies, while legal reforms for the explicit accounting of natural disasters is an ongoing effort in Colombia.
metadata.dc.description.volumen: Único
metadata.dc.description.sponsorship: Disaster Risk Financing and Insurance Program, Confederación Suiza, Global Facility for Disaster Reduction and Recovery - GFDRR
metadata.dc.language.iso: en
metadata.dc.type.spa: Informe técnico
metadata.dc.description.departamento: Washington DC
URI: http://hdl.handle.net/20.500.11762/19837
Keywords: Fiscal risk assessment
Citation: The World Bank. (2012). Fiscal risk assessment of contingent liabilities associated with natural disasters: The Colombian experience . Washington DC. The World Bank
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