Contingent Liabilities and Government Risks: PPP Fiscal Risk Assessment Model (March 5-16, 2018)

Course Offering:

Dates: March 5-16, 2018

Location: Washington, DC

Tuition: $5,500

Code: 5001-WA

CEUs: 6.0


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contigent

As public-private partnership (PPP) projects have proliferated throughout the world, governments are often required to assume contingent liabilities related to, for example, early contract termination, debt, and revenue guarantees. These guarantees and contingent liabilities, often in the tens or hundreds of millions of dollars, present challenges to government planners and finance ministries that must track and score these obligations in accordance with sound legal and financial practices.

This course, developed by the Institute for Public-Private Partnerships, A Tetra Tech Company (IP3), will examine international best practices for measuring and managing government contingent liabilities arising from PPP contracts. The course will include case study analysis and discussion, as well as a game simulation exercise.

 

Learning Outcomes:

  • Demonstrate modern accrual accounting standards for optimum transparency and reporting contingent obligations
  • Identify contingent obligations in project appraisal and value for money (VfM) assessment
  • Determine how financial modeling techniques can be used to measure contingent liabilities
  • Define risk management in the PPP project cycle
  • Evaluate the insurance and risk management practices of private companies in PPP projects
  • Interpret uncertainty in the measurement of contingent PPP obligations
  • Implement risk tolerance lines for tracking contingent obligations during project execution
  • Assess contingent obligations and examine processes followed in key PPP countries, such as South Africa, Australia, Chile and Colombia
  • Illustrate budgeting and reserving for contingent obligations and examination of processes followed in key PPP countries such as South Africa, Australia, Chile and Colombia