02164cas a2200241 a 4500 AALejournalIMF007985 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455241125 2617-6742 BD-DhAAL BD-DhAAL International Monetary Fund. Disclosing Fiscal Risks in the Post-Crisis World. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (16 pages) IMF Staff Position Notes <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper discusses appropriate methods for disclosing fiscal risks from exogenous shocks and the realization of explicit or implicit contingent obligations of the government. Expanding on previous guidance prepared prior to the crisis, the note focuses on fiscal risks emerging from recent public interventions in the financial sector. Information on fiscal risks and its public reporting leads to a better understanding of the true state of the public finances. Thus, it helps policymakers design and gets public support for, appropriate responses to the realization of various contingencies. More specifically, in the context of the unfolding global financial crisis, a wide range of public sector interventions have been in support of the financial system. Although these interventions have been necessary, they have generated further fiscal risks. Comprehensive reporting would help governments to define a management strategy of the assets and liabilities that they have taken on their balance sheet and to prepare exit strategies for reducing their presence in the financial sector and eventually withdrawing support. Mode of access: Internet IMF Staff Position Notes; Staff Position Note ; No. 2009/018 Full text available on IMF http://elibrary.imf.org/view/journals/004/2009/018/004.2009.issue-018-en.xml IMF e-Library