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Recommendations for Managing Contingent Liabilities Endorsed

The Government of the Philippines has endorsed Castalia's recommendations to reform its management of contingent liabilities.  Our team worked with the Philippines-Australia Partnership for Economic Governance Reforms to develop a framework for managing guarantees to build-operate-transfer projects and the associated fiscal risk.

As part of this work, we provided recommendations on the allocation of responsibilities between the Department of Finance, the Department of Budget and Management, and Implementing Agencies.  We also developed an approach to evaluate explicit contingent liabilities.

You can read more about our recommendations and the government's endorsement here.

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